Their clients could buy homes. But they rent for $75K a month instead
Increasingly, wealthy would-be homebuyers are opting to rent in lieu of homeownership, choosing to cough up top dollar for $69,000-a-night Airbnbs and apartments for north of $100,000. But why?
by Taylor Anderson Apr 4
Cash deals hit all-time high in Manhattan as sales plummet 38%
The average sale price for a home in Manhattan fell 5% to $1.95M while the median sale price fell 10% to $1.075M, according to a quarterly market report by Douglas Elliman and Miller Samuel
by Ben Verde Apr 4
John Steinbeck's former Hamptons retreat sells for $13.5M
The Sag Harbor Partnership has purchased the 'Of Mice and Men' author's part-time abode and will transform it into a space for a writer's residency program led by The University of Texas
The Agency takes on Virginia Beach as newest franchise
This office marks The Agency's 2nd in the state and its 80th location across the globe. Alan and Betsy Thompson, managing partners of the Chesapeake location, will also lead this office
How to lead your agents through the class-action commission storm
Brokers can help agents prepare for rough times ahead and any challenges that come their way
by Molly McKinley Apr 4
Ryan Serhant's brokerage kicks off national expansion with 6 markets
This first wave of expansion will include Florida, Pennsylvania, New Jersey, North Carolina, South Carolina and Connecticut. SERHANT. has also brought on local teams across those states
Mauricio Umansky's winding road from shaky childhood to luxe CEO
After navigating health scares as a child and struggling early in his career, The Agency CEO's wife, Kyle Richards, suggested he get a real estate license, which he says was the 'best decision ever'
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
Brad Pitt offloads LA estate for $39M in off-market deal
Pitt began shopping for a buyer at a $40M asking price in January, according to reports. The home, which he purchased from actress Cassandra Peterson 'Elvira', was never publicly listed
by Ben Verde Mar 30
Mauricio Umansky's 7 steps for cultivating a high-performing team
A growth-for-growth's-sake mentality won't get you the results you want when building your real estate team. Here's how to do it right
by Mauricio Umansky Mar 30
@properties, Christie's expand to Madison, Wisconsin, with affiliate
The brokerage formerly known as LeGrand Real Estate is the brand's 1st affiliate in Madison and its 3rd in Wisconsin. It is led by the mother-son team of Melissa LeGrand and Brogan Brunker
by Lillian Dickerson Mar 29
Nest Seekers expands to Mexico as demand from US skyrockets
The luxury brokerage has added offices in Cabo San Lucas, Riviera Maya and Mexico City. Managing Directors Chris Gill and Andy Kim are leading the charge
by Lillian Dickerson Mar 29
Collaborate, communicate, calculate: 7 ways to keep buyers in the deal
The more a buyer is educated about the ins and outs of a transaction, the more comfortable they'll be with bumps in the road
by Cara Ameer Mar 29
Fredrik Eklund's REAL Messenger to go public via Nova Vision SPAC
The transaction will have a pre-money enterprise value of approximately $150M at closing, according to an announcement Tuesday. The deal is expected to close in the third quarter of 2023
by Lillian Dickerson Mar 28
The Agency launches 3 Canadian offices in March
The offices across Toronto West, Fort McMurray and Ontario's York region raise The Agency's number of Canadian offices to 16 and its total number of global locations to 79
by Lillian Dickerson Mar 28
Compass Houston founding member Garcia takes team to KW Luxury
Houston real estate veteran Haley Garcia was with Compass from 2018 to early 2023 and generated $205.5M in sales volume during her last 2 years with the brokerage
by Marian McPherson Mar 27