Nearly 1 in 9 US homes command $1M as luxury prices soar in June
The share of US homes valued at $1M or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows
by Lillian Dickerson Aug 14
Tighter federal regulations coming to luxury real estate market soon
The US Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others
by Lillian Dickerson Aug 11
Ailing vet claims Orlando Bloom, Katy Perry unfairly bought home
Carl Westcott says his judgment was impaired when a contract with Perry and Bloom was signed, due to opiates he was prescribed following a surgery to treat Huntington's disease, reports say
by Lillian Dickerson Aug 10
Rebecca Mason joins Compass as NYC sales manager
Prior to CityRealty, Mason spent several years at Stribling & Associates which was acquired by Compass in 2019. Now she'll be reunited with many of her former colleagues, Inman has learned
by Lillian Dickerson Aug 10
Christie's International Real Estate enters Aruba with new affiliate
Bold Properties Aruba, based in the island's capital of Oranjestad, is now part of the luxury brand's Caribbean network, the brokerage said. The firm is led by Aileen Kelly and Jenniffer Figaroa
Christie's International Real Estate and tech company Modwell partner
The agreement provides 50 of Christie's International Real Estate's Masters Circle agents access to Modwell's proprietary tech design platform to assist homebuyers in seeing a home's potential
Mystery buyer scoops up priciest home in Connecticut for $138.8M
Copper Beech Farm was originally listed for $150M back in February. Despite the cut, the sales price still puts the estate within the 5 most expensive residential real estate transactions of 2023
California dreamin': The nightmare situations luxury agents deal with
From the seller who wanted to display a room full of snakes during a home showing to the renter who was an insurance scammer, the clients luxury agents deal with in California can be a handful
'Catching a wave': Nartey brings Globl RED to The Real Brokerage
'Catching Real right now is like catching a wave,' Kofi Nartey said. He sees the brokerage's sweeping growth and adoption of technology as the way of the future
Engel & Völkers adds 9 shops with SoCal partnership
Through the agreement with Dilbeck Real Estate, Dilbeck offices will adopt the E&V name and license partner Paul Benson will gain a new ownership stake, Inman has exclusively learned
Timothy Di Prizito joins AKG | Christie's International Real Estate
The former GM of Joyce Rey's team at Coldwell Banker said he is ready to spread his wings and likes what he sees when it comes to Aaron Kirman's success, Di Prizito exclusively told Inman
Henry Horn Group decamps for Compass in bid to build luxury biz
Rebranded as HHG | Compass, the 12-agent team hails from Corona Del Mar, California-based luxury brokerage Residential Agent, Inc. with operations spanning San Francisco to Los Angeles
Trophy properties are all the rage right now, Jonathan Spears says
Ahead of his appearance at Inman Luxury Connect, the Spears Group founder told Inman demand for trophy properties or highly unique listings is at an all-time high throughout North Florida
by Lillian Dickerson Jul 31
The 20 biggest residential real estate transactions of 2023 (so far)
Luxury buyers have been hot on Palm Beach, with 7 of the year's top 20 deals coming out of the luxe South Florida market. Overall, this year's list shows buyers' thirst for trophy properties
by Lillian Dickerson Jul 31
Texas surged during COVID. Now, its luxury markets are being tested
Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and demand from this new class of wealthy buyers is stretching luxury inventory thin
by Lillian Dickerson Jul 28