Once-priciest home in US slashes ask by a hefty $55M
The Central Park Tower penthouse, developed by Extell and Shanghai Municipal Investment, initially asked $250M. The property is currently the tallest residence in the world
by Lillian Dickerson Sep 15
Palm Beach's sole private island lists for $218M, poised to break records
If the island, which includes a 21,406-square-foot mansion, sells close to its asking price, it will easily set a record for Palm Beach sales and come just shy of the national record
Housing affordability hits record low, with cities in South hit hardest
Cities in the Southeast once considered affordable are becoming more and more expensive as housing affordability reaches its lowest levels, according to a new report
by Ben Verde Dec 5
Ken Griffin revealed as buyer of record $107M Miami sale
One week after the record sale of businesswoman and philanthropist Adrienne Arsht's 4-acre waterfront Coconut Grove estate, hedge funder Ken Griffin has emerged as the buyer
Zillow stock rebounds on news of stock buyback, iBuyer selloff
Zillow's stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers
by Marian McPherson Dec 3
Imagine a $28K fee for furniture. The reality for Berlin renters is ugly
Two months after passing a referendum to control rents, Berliners are battling extreme leasing fees, which include thousands of dollars upfront for furniture, appliances and kitchen cabinets
by Marian McPherson Nov 22
Multiple law firms investigating Zillow for potential securities fraud
The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow's announcement that it will end its iBuying business
by Jim Dalrymple II Nov 12
Zillow shooting for 7,000 home sales at $2.8B after iBuying pause
The news comes just weeks after the company announced a pause in its iBuying, and follows reports that it was underpricing homes in a number of cities
Zillow hits brakes on buying new homes for remainder of 2021
Zillow said labor and supply issues in the market have created an 'operational backlog for renovations and closings.' The pause will enable the company to catch up on its existing contracts
by Lillian Dickerson Oct 18
Opendoor boosts homebuying power with $9B borrowing limit
Opendoor is on the hunt for more funds, according to a Bloomberg report. The iBuyer's new debt facility agreement will boost its borrowing power to $9B
by Marian McPherson Oct 7
Blackstone shells out $6B to re-enter rental market
Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. for $6 billion in cash after a competitive bidding process
by Lillian Dickerson Jun 23
A Hong Kong home is asking a whopping $2M in annual rent
Wharf Holdings Ltd. is leasing out a property in its ultra-exclusive The Peak neighborhood for HK$1.35 million, or approximately $174,000 a month
Most cities are making a comeback — but not the priciest ones
Data from Redfin shows that cities are making a comeback, and young white-collar workers are seizing low mortgage rates and work-from-home policies to move to affordable cities
Coldwell Banker partners with JamesEdition on luxury listings
The partnership will allow for the syndication of all Coldwell Banker Global Luxury listings priced at $1M or more to JamesEdition.com, as well as placement on Bloomberg's Property marketplace, among other things
by Lillian Dickerson Jan 11
Influencers marketing condos? Some developers are counting on it
Some New York developers are enlisting influencers to help sell units, by having them create content featuring condos to share images on Instagram