Douglas Elliman profits collapse amid slower real estate market

Profits at Douglas Elliman fell by nearly 75 percent in 2018, thanks in part to a slower residential market, according to the latest earnings report. Continue reading

Compass nabs top Brooklyn producer from Douglas Elliman

Scott Klein and at least five members of his team are making the jump from Douglas Elliman to Compass in Brooklyn, where the brokerage is rapidly expanding. Continue reading

Compass loves New York MLS

Compass, the heavily funded real estate brokerage, has signed-on to send its listings directly to New York MLS, the city’s only multiple listing service. Continue reading

Miami’s most expensive home sells for $50M

The most expensive home in Miami sold for $50 million this week, shattering records in the city. The home boasts more than 20,000 feet and views of the bay. Continue reading

Corcoran CEO: Online portals are ‘biggest competition’ going forward

Pamela Liebman is a rarity in the real estate industry. She’s been with Corcoran her entire career, since 1984, serving as president and CEO for 18 years. She spoke with Inman in a wide-ranging conversation about the recent decision to franchise, as we… Continue reading

Manhattan median condo price falls below $1M for first time in years

It’s the first time the median numbers in Manhattan have fallen below $1 million in three years, according to Douglas Elliman’s fourth-quarter market report for Manhattan. The median condo or co-op sold for $999,000, 10.6 percent lower than last quarte… Continue reading