Items Tagged with 'Luxury real estate'

ARTICLES

  • Bloomberg: Mozilo warns Republican tax changes may crash luxury home market in some coastal states

    Million-dollar homes may lose 40% of their value, Mozilo said
    Angelo Mozilo, the former CEO of Countrywide Financial, has kept a low profile since being branded the face of the mortgage crisis a decade ago. This week he gave a rare interview to Bloomberg Television to sound a warning about an impending crisis in the luxury segment of the housing market.
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  • Prices for mega-mansions in Miami Beach surge 61%

    Demand spikes as wealthy Northeast buyers flee new federal tax law
    The median price of a single-family home in the luxury segment of Miami Beach’s real estate market soared 61% in the first quarter. “I explain it by saying: Americans from the northeast are the new foreign buyers in Miami Beach,” said Jonathan Miller, president of Miller Samuel.
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  • NAR's Yun says rates will "bifurcate" spring housing market

    Cheap rates will drive the low end, while luxury segment "softens"
    Sellers of houses near or below the U.S. median price of about $250,000 are going to see strong demand in the so-called spring selling season, said Lawrence Yun, chief economist for the National Association of Realtors. The high end of the market – homes priced above $750,000 – will have a tougher time, he said.
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  • These markets are hotbeds for luxury real estate

    Report reveals top 5 "power markets" for high-net-worth buyers and sellers
    A new report by Coldwell Banker reveals where the country's wealthiest individuals are buying properties, listing the top 5 "power markets" for luxury real estate. Coldwell defines power markets as areas that offer the lifestyle amenities, education, and culture that the uber-rich seek out. Here are Coldwell's top five power markets for buyers and sellers, where you can find the greatest number of $1 million-plus homes sold.
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  • Senate Democrats call for federal investigation into money laundering in luxury real estate

    Sens. Van Hollen and Whitehouse ask GAO to look into all-cash market
    The Treasury Department’s Financial Crimes Enforcement Network has been looking into whether foreign buyers are using shell companies to buy luxury U.S. real estate in order to launder money for almost three years, but two Democratic senators want the government to do more to figure out how much criminal activity is prevalent in these deals.
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  • $85 million NYC condo comes with 2 tickets to space, $1 million yacht, more

    Agency tosses in perks to overcome stalled NYC luxury market
    New York City’s luxury market has been clogged with too much inventory in recent months, slowing the sale of high-end properties, like this 15,000 square-foot duplex penthouse in Hell’s Kitchen. The owner just put the property back on the market, adding a list of eye-popping perks in a bid to sweeten the pot.
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  • Inspirato enters luxury single-family home market

    The hospitality brand is adding luxury vacation homes to its portfolio
    Inspirato is making the jump into the single-family rental realm/ownership with a new business arm, Inspirato Real Estate. It is marketing homes as rental investments within its portfolio for people who are looking to buy a vacation home but are hesitant for fear of losing money on the home or never using it.
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  • Texas brokerage closes state's first-ever bitcoin home purchase

    Joins just California in the short list of state's selling property via bitcoin
    Taking real estate purchases in the Lone Star state to a new level, Kuper Sotheby's International Realty said it finalized the first-ever home in Texas that was purchased entirely with the cryptocurrency, bitcoin. Located in the capital of Texas, the luxury home sold for an undisclosed amount this summer.
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