$8.5 Million IRS Penalty Upheld Over Timeshare Donation Tax Shelter
Timeshares have long been controversial, and there have been numerous lawsuits about them. Even getting out of timeshare deals has become a kind of industry. But it turns out that one way of getting out of timeshares might even be worse than just riding them out. The Justice Department announced that a federal court in […]
The Great Home Price Bubble
(Photo by Justin Sullivan/Getty Images) Getty Images In the past year the average sales price of a home in the US increased 16%. In places like Boise and Austin, it was more than 30%. This is astonishing, especially during what we still must consider a recession. Normally, home prices rise no more than 5% a […]
Richest Counties In The U.S.
Historic Loudoun County Courthouse in Leesburg, Virginia. Loudoun County has the highest median … [+] household income in the U.S. getty In a past Forbes article, we looked at the richest counties in every state in the United States. This time around, we’re looking at the straight-up richest counties in the U.S. regardless of states. […]
Home Prices, Rent Increases Driven By Smaller Households—But Not Forever
Home for sale. (Photo by Tim Boyle/Getty Images) Getty Images Housing demand is surging across the board, in contrast to 2020 when demand shifted from apartments to single family houses. Now, both home prices and apartment rents are rising much faster than overall inflation. Yet America’s population is growing at a snail’s pace. Without more […]
Sean Combs’ Los Angeles Bachelor Pad Hits The Market For $14.5 Million
Sean Combs’ former mansion has five bedrooms and six bathrooms. Joe Bryant The former Los Angeles mansion of entertainer and entrepreneur Sean “Diddy” Combs has been recently updated and is on the market for $14.5 million. Combs, known professionally as Puff Daddy, is an American rapper, songwriter, record executive, record producer and entrepreneur. Combs lived […]
Number Of Homes For Sale In November Hits An All-Time Low
The typical home that sold in November went under contract in 22 days. Boston Globe via Getty Images The 2021 housing craze hit new highs as an uptick in listings offered a ray of hope for buyers trying to find a home in a competitive market and lock in low mortgage rates. But like any roller […]
One Of Montecito’s Oldest Homes, Once Home To Lena Horne, Hits The Market
Originally an olive-crushing mill, this property is one of Montecito’s most historic Blake Bronstad for Sotheby’s International Realty El Molino, which means ‘The Mill,’ is one of the oldest historic homes in Montecito, California. Originally founded as an olive crushing mill to produce olive oil, olive oil soap and olive oil candy (known for its […]
Exploring Whitefish, Montana—A Resort Town Of Rustic Luxury
The secret is out about the natural wonders of Whitefish, Montana, and homebuyers are headed there … [+] in droves. National Parks Realty The frenzy for small-town real estate across the country continues to rage on. For large states with small populations like Montana, where communities are often comprised of rural towns, the increase is […]
New York City Real Estate: Looking Back At A “Gangbusters” 2021 And Ahead At 2022
The question for 2022 is now: does 2021 rhyme with 2012 and the beginning of the ramp-up into the … [+] peak, or does 2021 rhyme with the zenith of activity seen in 2015? getty Another year is nearly in the books, and what a year it was! In one word, 2021 was “gangbusters” for […]
Exemplary Mountain Estate In Colorado’s Telluride Area Asks $10 Million
The residence was built using three pre-Civil War barns that were taken apart and shipped from the … [+] Midwest. Telluride Real Estate Corp. Mark Twain’s famous words, “Buy land, they’re not making it anymore,” can also be said of structures from his time that are a valued building component today … old barns. Both […]