The real estate landscape is evolving quickly — and our 2026 Real Estate Market Report provides valuable information to help you stay ahead of the curve. This year’s analysis highlights the trends, performance shifts, and economic forces reshaping the market across the major property sectors.
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A group of high-profile nonresident property owners has filed a constitutional challenge to New York’s recently enacted pied-à-terre surcharge (PAT Tax), creating the first major litigation test of the state’s new surcharge on certain high-value New York City residences that are not used as a primary residence. The lawsuit seeks to invalidate the tax on…
New legislation represents a significant development for both the live entertainment industry and hospitality industry. The American Music Tourism Act, signed into law October 9, 2026, establishes a federal focus on promoting travel tied to music-related experiences across the United States. The legislation directs the U.S. Department of Commerce’s National Travel and Tourism Office to…
On September 29, 2026, the New York Supreme Court, Richmond County, ruled against the New York City Department of Finance (DOF) over how it rolled out the new pied-à-terre surcharge. In O’Brien v. City of New York, the court: The City filed an appeal the same day and says the appeal automatically puts the ruling…
