April 15, 2025 - 20:49
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.
July 19, 2025 - 04:34
Kevin Durant's Former Oklahoma City Townhouse Hits the Market at a Remarkably Low PriceTwo-time NBA champion Kevin Durant could afford to buy his old Oklahoma City townhouse more than a million times over. However, the property, which once belonged to the basketball superstar, has...
July 18, 2025 - 08:43
Weekly Real Estate Update for Darien and RowaytonIn the latest real estate report covering the Darien and Rowayton areas from July 10 to 17, 2025, the market continues to show signs of activity. Several properties are set to hold open houses this...
July 17, 2025 - 22:33
Foxfield Expands Its East Coast Holdings with New Mansfield Office AcquisitionMansfield, MA — Foxfield, a prominent real estate investment and development firm, has officially acquired the 9–11 Hampshire Street property, a spacious 155,348-square-foot Class A office...
July 17, 2025 - 03:57
Massive 112-Acre Equestrian Estate Hits the Market for $70 MillionThe Robert Taylor Ranch, an expansive 112-acre equestrian estate, has officially been listed for sale, making waves in the Los Angeles real estate market as the largest residential property to be...