US dominates the globe with most ultra-high-net-worth homeowners
The US notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30M. New York City clinched the top spot on a list compiled by REALM and WealthX
There are 1.25 million fewer million-dollar homes in America in 2023
The share of $1M homes in the US dropped from a high of 8.6% in June 2022 to approximately 7% in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power
Corcoran breaks into Europe with forthcoming Italian affiliate
The firm, previously known as Immobiliare Magri, will officially launch as Corcoran Magri Properties sometime in the next several weeks, the brokerage exclusively told Inman
Christie's affiliate owners: In a downturn, spend money (prudently)
The Christie's International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from 4 continents and 2 dozen US states
It's a Bel Air mansion with its own $25,000 fragrance. But why?
Designer César Giraldo believes the decision to conjure a custom branded fragrance for a single homeowner at 1859 Bel Air Road will pay off by bridging marketing, design and emotional appeal
Can a mega-mansion in Paradise Valley bring in a record $75M?
The state's priciest deal sold for $28.1M in June 2022, but with the lure of a metaverse room, a spa that generates snow and more, developers think they can get $75M for a home still in progress
by Lillian Dickerson Feb 28
The Agency expands into Outaouais region of Quebec
This marks The Agency's 13th office located throughout the provinces of Quebec, Ontario, Alberta and British Columbia, strengthening its reach across Canada
by Lillian Dickerson Feb 28
Core's Shaun Osher snatches up landmarked Long Island estate
The real estate brokerage CEO and his wife, Core Chief Operating Officer Brittley Wise, have bought a former working farm that dates back to 1893 for $3.1M, according to reports
by Lillian Dickerson Feb 24
Sotheby's brings on LAH Real Estate for newest Alabama affiliate
LAH Real Estate Inc. was originally founded in 1992. The new affiliate brings its 4 offices to Sotheby's International Realty, ticking the brand's total office count in Alabama up to 7
by Lillian Dickerson Feb 22
Leading Seattle team departs Sotheby's for Engel & Völkers
The 3-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50M to Engel & Völkers
by Lillian Dickerson Feb 22
The Agency says 'hola' to Mallorca
The franchise marks The Agency's 50th overall and follows the brokerage's previous European launches in Amsterdam, the Netherlands and Lisbon, Portugal
by Lillian Dickerson Feb 22
Mark Wahlberg's sweeping Beverly Hills mansion brings in $55M
Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5M in April 2022 but dropped the ask by $8M after it sat on the market for several months
by Lillian Dickerson Feb 21
Top-producing The Brian Pistorius Group joins Compass
The Chicago-based team has exceeded $50M in sales volume since 2021 while still at Berkshire Hathaway HomeServices, Compass told Inman exclusively
by Lillian Dickerson Feb 21
Costly housing spurred California's 500,000-person pandemic exit
The state's population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents' primary reason for departure
by Lillian Dickerson Feb 21
Redfin opens up Redfin Premier luxury services to homebuyers
Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings
by Lillian Dickerson Feb 17