58 cities that had million-dollar homes in 2022 don’t anymore: Study

The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Continue reading

Anthony Hitt unveils brand refresh at Engel & Völkers’ EVX conference

Engel & Völkers’ luxury agents poured into Miami this week for the company’s 10th annual conference, where Americas CEO Anthony Hitt revealed the brokerage’s “Refined” brand refresh. Continue reading

William Lauder buys Rush Limbaugh’s Palm Beach estate

The deal marks a new record price for the market of Palm Beach where the priciest deal previously went to hedge funder Ken Griffin’s purchase of four parcels for $129.6 million in 2013. Continue reading

The Pinnacle Group joins forces with Douglas Elliman

The eight-person team, established by agent Elaine Bannigan, will now work out of Douglas Elliman’s new office in Wellesley, Massachusetts, the company exclusively told Inman. Continue reading

Luxury home purchases hit record low as buyers eye other investments

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say. Continue reading

The Nassimi Group hitches its wagon to Douglas Elliman

Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume. Continue reading

Realty ONE Group plants flag in Cayman Islands and Cyprus

The new franchises add to the brand’s presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries. Continue reading

Florida top producers Adam Levy and John D’Amico join Compass

The agents join Compass from Berkshire Hathaway HomeServices and boast at least 25 years of experience in the industry, Compass exclusively told Inman. Continue reading

US dominates the globe with most ultra-high-net-worth homeowners

The U.S. notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30 million. New York City clinched the top spot on a list compiled by REALM and WealthX. Continue reading

Egypt Sherrod is married to real estate. But that’s only half her story

Inman’s inaugural Influencer ran from real estate as a kid because it was all her family talked about. But with four TV shows, a podcast and a team under her belt, she lives and breathes it in 2023. Continue reading