LA City Council approves $150M in 'mansion tax' allocations
In a move that marks the 1st time funds will be specifically allocated for use since the tax was passed, the council designated 6 different programs for funding, according to reports
by Lillian Dickerson Aug 30
'Fight it tooth and nail,' LA agents warn as Chicago mulls mansion tax
As Chicago Mayor Brandon Johnson narrows in on a 2.65% tax on purchases of properties over $1M, luxury real estate agents in Los Angeles offered their advice to concerned Windy City agents
by Lillian Dickerson Jul 27
California's loathed 'Mansion Tax' falls flat in first full month in effect
Implemented in April on properties over $5M, the ULA Tax was intended to bring in an average of $56M in revenue per month to the city of L.A. During its first month, it brought in just $3.6M
Anthony Marguleas: LA 'Mansion Tax' is 'devastating' the market
Inman recently caught up with Marguleas to discuss his company's new venture in Dallas, the effects of the LA 'Mansion Tax' and what he's looking forward to at this year's ICLV event
by Lillian Dickerson May 22
The LA 'mansion tax' is coming, sending sellers on a sprint to April 1
To make their $5M-plus properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts
by Lillian Dickerson Mar 31
Real estate transfer tax hikes create headaches for mortgage lenders
Federal regulations provide 'zero tolerance' for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns
by Matt Carter Dec 19
Deals will hinge on negotiations this fall. Here's how buyers' agents win
'There was no negotiation over the last couple of years,' Max Stokes of Compass says. But that's beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table
by Lillian Dickerson Sep 28
Why didn't all the rain put a halt to home sales this spring?
The conventional wisdom is that the past month of nonstop rain should have put a damper on real estate sales, but, in fact, the opposite has happened
by Jim Dalrymple II May 17
New Yorkers are rushing to buy before July 1 'mansion tax' kicks in
The Big Apple's long-standing tax will soon become significantly more expensive for high-end properties
by Jim Dalrymple II May 3