Cash deals hit all-time high in Manhattan as sales plummet 38%

The average sale price for a home in Manhattan fell 5 percent to $1.95 million while the median sale price fell 10 percent to $1.075 million, according to a quarterly market report by Douglas Elliman and Miller Samuel. Continue reading

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. Continue reading

The Agency takes on Virginia Beach as newest franchise

The office marks The Agency’s second in the state of Virginia and its 80th location across the globe. Alan and Betsy Thompson, managing partners of the Chesapeake location, will also lead the Virginia Beach office. Continue reading

RentSpree PRO to ‘exponentially increase agent efficiency’

A number of the marketing features within RentSpree PRO are new, designed to assist agents who may be unfamiliar with the messaging and tactics common to landing renters as clients. Continue reading

How to lead your agents through the class-action commission storm

Challenges are opportunities to level up, find efficiencies and creatively problem-solve. Things may get bumpy in the near term, but brokers can help prepare agents for this and any storm that may come their way.  Continue reading

The bombshell real estate lawsuit has just exploded

With the stakes higher than ever in Moerhl, the real estate industry is facing significant upheaval in terms of how listing and selling agents are compensated. As both Realtors and homeowners await the outcome, the defendants’ next moves — settlement, … Continue reading

Rental rewards company Stake names new president

Natalie Cariola joins Stake after serving as a C-level executive at Zumper for the past 6 years, the company exclusively told Inman. “I am excited to bring Stake’s win-win solution to communities and renters across the country.” Continue reading

Home staging dips in popularity as fewer agents make the effort: NAR

The National Association of Realtors’ 2023 Profile of Home Staging reveals a quarter of all staging efforts yield additional profits of up to $18,935 for a median-priced home. Continue reading

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. Continue reading