common questionscontact usupdatesupdatesour story
old postsopinionshomeareas

Surge in Trust-Involved Home Sales in Manhattan

April 15, 2025 - 20:49

Surge in Trust-Involved Home Sales in Manhattan

A recent study has revealed a significant increase in home sales in Manhattan that involve trusts, a financial tool often used for wealth transfer. In 2024, the share of such transactions soared to an impressive 28%. This trend indicates a growing reliance on trusts among wealthy New Yorkers as a means of passing down property to heirs.

The rise in trust-related sales reflects broader shifts in estate planning strategies among affluent families. As property values continue to climb, many individuals are seeking ways to protect their assets and ensure a smooth transition for their beneficiaries. Trusts not only provide tax advantages but also help avoid the lengthy probate process associated with traditional inheritances.

This increase in trust-involved transactions may reshape the real estate landscape in Manhattan, as more homes change hands through these arrangements. As families adapt to evolving financial strategies, the implications for the local housing market could be profound, influencing everything from pricing to inventory levels in the coming years.


MORE NEWS

Washington Square II Retail Center in Tigard, OR, Acquired for $25 Million

December 23, 2025 - 00:53

Washington Square II Retail Center in Tigard, OR, Acquired for $25 Million

In a significant move for the retail landscape of Tigard, Oregon, a partnership has successfully acquired the Washington Square II Retail Center for $25 million. The new owners are set to implement...

Illinois Community Tops Zillow's Housing Market Rankings

December 22, 2025 - 06:56

Illinois Community Tops Zillow's Housing Market Rankings

A number of Midwest cities have emerged as frontrunners in Zillow’s latest housing market rankings, but one particular community in Illinois has claimed the coveted top spot. This recognition...

PGIM Global Real Estate Fund Shows Strong Performance in October

December 21, 2025 - 22:29

PGIM Global Real Estate Fund Shows Strong Performance in October

The PGIM Global Real Estate Fund Class Z has demonstrated impressive performance, surpassing its benchmark, the FTSE EPRA/NAREI Developed Real Estate Net Index, for the month of October. This...

Transforming Link REIT: The Journey of George Hongchoy

December 21, 2025 - 06:03

Transforming Link REIT: The Journey of George Hongchoy

In a recent episode of Managing Asia, George Hongchoy, the retiring Group CEO of Link Asset Management, shared insights into his transformative journey at the helm of one of Asia`s largest real...

read all news
common questionscontact usupdateseditor's choiceupdates

Copyright © 2025 UrbMix.com

Founded by: Melanie Kirkland

our storyold postsopinionshomeareas
cookie settingsprivacy policyuser agreement