effect

Palm Beach’s Trophy Homes Command up to $205 Million—It’s a ‘Snowball Effect’

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Photo of home in Palm Beach that is listed for more than $200 million

In Palm Beach, FL, luxury real estate has reached eye-popping heights: Three homes are now listed for $100 million-plus, with prices soaring as high as $205 million. The real estate market for waterfront “trophy homes” in Palm Beach—where 51.3% of all real estate deals are all-cash—is red-hot. “We are seeing more trophy homes on the market due … Read more

Developers, Billionaires Blast Mamdani effect on Miami

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Developers, Billionaires Blast Mamdani effect on Miami

New York City’s Mayor-elect Zohran Mamdani was on the minds of Miami developers, brokers and billionaires last week.  His win on Tuesday has fueled a number of memes and social media posts claiming that a mass exodus of wealthy New Yorkers to Florida is already underway. He’s promised to freeze rents on rent-stabilized buildings and … Read more