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A Henley & Partners study revealed that New York City (NYC) has the highest concentration of millionaires globally. The ranking comes as no surprise, given NYC’s status as the largest city in the United States, boasting a population of over 8 million residents. In comparison, the Bay Area, coming in second globally, has approximately 7.75 million inhabitants. Thus, on ...
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Florida dominated the list of fastest-growing metropolitan areas in the United States from 2022 to 2023, with four out of the top five spots.
The area including The Villages and Wildwood saw the highest growth rate at 4.7%, followed by the Lakeland and Winter Haven metro areas at 3.8%. Ocala ranked fourth with a growth rate of 3.4%, while the Port St. Lucie area came in fifth at 3.1%. The only area outside of Florida in the top five was the Myrtle Beach, S.C., area, with a growth rate of 3.7%.
This trend reflects a broader pattern ...
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More and more homebuyers and investors are coming to the negotiating table and closing deals with cash in hand.
A third of all U.S. single-family homes and condominiums sold in the second quarter were purchased with cash, up from 20.6% a year prior, the highest percentage since the first quarter of 2015.
In New York the figure is 52%, but some metro areas saw even higher percentages. The highest was on the Rust Belt due to the late 20th-century loss of manufacturing jobs. In fact, in Buffalo and Detroit, the cash sales were 71% and 68%, respectively.
In general, bargain-hunting and single-family rental investors ...
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At the beginning of the crisis we had 136 weekly contracts signed in Manhattan. That number progressively went down during the crisis to reach a low of 31 contracts signed 12 weeks into the crisis. Last week was week 13, and we had 61 contracts signed! Could be the first sign of a recovery? In a normal market ...
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