Bezos-backed Arrived Homes glitches again as 6 sell in 8 minutes

During the latest release of six rental properties, high demand from investors caused problems. But homes valued at more than $1.7 million sold in minutes. Continue reading

How luxury clients may be impacted by Biden’s wealth tax proposal

The “Billionaire Minimum Income Tax,” as outlined in Biden’s proposal, would require households worth more than $100 million to pay a tax of at least 20 percent on both their income and any unrealized gains — including real estate. Continue reading

$177M Malibu home sale sets new California record

The sale of fashion mogul Serge Azria’s 7-acre property in Malibu, California, for $177 million, has set a new record in the golden state. The buyer was venture capitalist Marc Andreessen. Continue reading

The 20 biggest luxury real estate sales of 2021 (so far)

Palm Beach, Florida, luxury real estate had a banner year, nabbing half of the most expensive sales of the year, but a New York City deal claimed the top spot. Continue reading

The 20 biggest luxury city sales of 2021 (so far)

Despite cities taking a back seat to vacation markets in 2021, major transactions made headlines across New York, Miami and Los Angeles. Continue reading

MoMa penthouse with $36M asking price sells to anonymous buyer

The penthouse unit of 53 West 53, also known as the glass skyscraper above New York’s Museum of Modern Art, has a new owner. Continue reading

Space tourism means closing gifts could soon be out of this world

Richard Branson’s successful trip to outer space means that space tourism is becoming a reality for the public. How long before it becomes a common perk offered to luxury buyers? Continue reading

Elon Musk puts final home on market 1 year after vowing to unload all ‘earthly possessions’

The SpaceX founder took to Twitter to announce plans to put his “special place” just south of San Francisco on the market. It’s unclear if Musk has hired an agent. Continue reading

Rich Barton, Glenn Sanford debut on Forbes billionaires list

Zillow co-founders Rich Barton and Lloyd Frink, eXp founder Glenn Sanford and five other real estate executives became billionaires in the past year. Continue reading

Compass hires long-time Amazon exec as new chief product officer

Before joining Compass, Greg Hart spent more than two decades overseeing an array of products at Amazon. Continue reading