The median luxury home sale price rose 4.7% year-over-year to $1.37 million during the three months ending May 31, according to a data report from Redfin. That surge is more than triple the 1.5% gain in non-luxury sale prices. Pending sales of luxury homes rose 5.2%...
The administration of New York City Mayor Zohran Mamdani has disclosed how it plans to enforce its new so-called “pied-à-terre tax” on luxury second homes. The New York Post reports the city’s Department of Finance (DOF) will contact the owners of the targeted...
The real estate investment company Kennedy Wilson has teamed with the multifamily development firm Jamison in a partnership that plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction. The partnership,...
Purchase loan closing costs declined nationwide by an average of 2.9% from 2024 to 2025, according to a new data report released by LodeStar Software Solutions. The decline was attributed to a drop in home prices, which reduced transfer tax burdens across many...
The Kansas City Royals have submitted a plan that would rezone a section of downtown Kansas City to create a 90-acre urban redevelopment district. Fox4KC.com reports the application focuses on the southern edge of Crown Center and envisions an entertainment...
