There are 1.25 million fewer million-dollar homes in America in 2023

The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading

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 led by Maddalena Magri, the brokerage exclusively told Inman. Continue reading

Christie’s affiliate owners: In a downturn, spend money (prudently)

The two-day Christie’s International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states. Continue reading

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. Continue reading

It’s official: New York remains the world’s priciest real estate market

More ultra-prime real estate transactions took place in New York in 2022 than anywhere else in the world, according to the 17th annual Wealth Report released Wednesday by Douglas Elliman. Continue reading

From manager to president — growth and leadership lessons

It’s not enough to maintain the status quo, Douglas Elliman’s Peter Hannis Hernandez writes. Making your mark as a leader involves a growth mindset and a focus on the bottom line. Continue reading

Can a mega-mansion in Paradise Valley bring in a record $75M?

The state’s priciest-ever deal sold for $28.1 million in Scottsdale in June 2022, but with the lure of features like a metaverse room, a spa that generates snow and a lazy river, developers in Paradise Valley think they can get $75 million for an estat… Continue reading

The Agency expands into Outaouais region of Quebec

With the new location in Outaouais, the luxury brokerage continues to strengthen its reach across Canada. This marks The Agency’s 13th office located throughout the provinces of Quebec, Ontario, Alberta and British Columbia. Continue reading

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 $3.1 million, according to reports Continue reading

Rupert Murdoch drops $30M on full-floor pad, Central Park views

Murdoch, the News Corp founder and business magnate, has signed a contract to buy the entire 27th floor of the Hampshire House in Manhattan. It’s only his latest purchase in recent years. Continue reading