The all-cash deal is back in vogue for homebuyers, a shift that favors the wealthy. Luxury housing markets in New York and Florida are boasting near record-high shares of transactions paid in cash, according to first quarter data from real estate appraisal and consulting firm Miller Samuel Inc. That represents a sharp reversal from more
When Los Angeles voters approved an extra tax last year on home sales over $5 million, officials projected annual revenue of $700 million to help alleviate the city’s rampant homelessness crisis. But a year in, LA’s “mansion tax” has fallen far short of expectations — generating barely a quarter of the promised revenue — and
Real Estate By Mary K. Jacob Published March 29, 2024, 3:50 p.m. ET All of Sam Bankman-Fried’s Bahamas real estate assets are about to be sold off. Sam Bankman-Fried, once hailed as a crypto prodigy, now faces a 25-year sentence for his role in an $8 billion fraud that rocked the cryptocurrency world. But while