Elon Musk signals foreclosure on former home of Gene Wilder
An entity tied to Musk has filed a notice of default on the property, which Wilder's nephew purchased from Musk with the assistance of a loan from the Tesla CEO in 2020
by Lillian Dickerson Aug 22
Defiant Alexanders signal return to Official following cofounder exits
Tal and Oren Alexander are reportedly preparing a return to the public eye, now that Nicole Oge, Richard Jordan and Andrew Wachtfogel have left, despite ongoing lawsuits against the brothers
by Lillian Dickerson Aug 20
$1M homes hit all-time high in US
A record 8.5% of all US homes are worth $1M or more, up from 7.6% last year and 4% before the pandemic, according to a new Redfin analysis. California is adding them faster than other states
by Lillian Dickerson Aug 16
Lesson Learned: Get rock solid on your pricing strategy
Learn how NYC agent Maggie Kent leverages her sense of professionalism to develop a higher level of client trust and how she has developed resilience to navigate the world of real estate
by Christy Murdock Aug 14
The market is harder for millennials than it was for boomers: Report
A new report in 'The Wall Street Journal' found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today.
by Taylor Anderson Aug 12
More agents leave Official in wake of Alexander brothers' departures
At least 5 agents based in New York and Miami have left the firm in about the last week. Previously, West Coast founding broker Tyrone McKillen had also left the Side-backed brokerage
Teams Spotlight: Arthur Greenstein, Arthur Greenstein Group
Find out how this award-winning Dallas team leader and his team think outside the box when it comes to marketing their listings and why he wishes more agents would do the same
by Dani Vanderboegh Aug 8
UWM shares at 3-year high on prospect of refi 'mini boom'
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76M profit, paid down debt and said it's in prime position to capitalize and grow as mortgage rates drop to 2024 lows
by Matt Carter Aug 6
Investment firm loses former Trump hotel to foreclosure auction
Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375M with a $285M loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt
A picture of a multi-unit building to symbolize multifamily real estate market
Concerns about fraud mean lenders who want to sell multifamily loans to the mortgage giants may be required to do more due diligence on borrowers and their properties
by Matt Carter Aug 5
Commercial market bottom nears as foreclosures surge
Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5B during Q2 2024, the highest quarterly figure posted since 2015, according to MSCI
by Lillian Dickerson Jul 29
Douglas Elliman, Side execs knew of Alexander bros, sources claim
Reports from 'The New York Times' and 'The Wall Street Journal' suggest execs at Douglas Elliman and Side heard about sexual assault allegations against the brothers as they worked at their firms
by Lillian Dickerson Jul 25
Aspen Valley Ranch, Colorado property sold in pieces for $47M
Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220M, 'The Wall Street Journal' reported on Thursday
by Richelle Hammiel Jul 19
Eviction filings skyrocket 25% above pre-pandemic norms
Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, 'The Wall Street Journal' revealed
by Marian McPherson Jul 15
Tal Alexander denies sexual assault claims in new court filing
In a July 11 court filing, famed luxury broker Tal Alexander denied claims against him in a lawsuit asserting that he and his brothers, Oren and Alon, raped an NYC woman in 2012
by Marian McPherson Jul 15