New anti-money laundering rule for cash purchases is now in effect

Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading

Luxury market ‘as strong as ever’ despite broader slowness

It has been a challenging year for many real estate agents contending with a volatile economy, but the luxury market has remained resilient in the face of uncertainty Continue reading

Cash prevails as king when it comes to luxury

Luxury real estate agents can expect wealth strategy, “smart luxury,” move-up buyers, the ultra- and aspirationally-wealthy divide, and cash purchases to impact the market in the months ahead. Continue reading