Keller Williams agent, daughter die after plane drifts into no-fly zone

The plane, which drew military intervention after it flew into restricted airspace, crashed Sunday, killing four people, including NYC-based agent Adina Azarian and her 2-year-old daughter, Aria. Continue reading

Side restructures, wants staffers based in the markets they serve

The company, which supports real estate professionals who want their own brand, plans to have its staff members work in the markets where its partners are based. Continue reading

‘Make the pie bigger:’ New York moves on 1st hotel conversion

A struggling Hilton hotel, near John F. Kennedy International Airport, will be converted to nearly 300 affordable housing units, according to a plan unveiled last week by developer Slate Property group that was first reported by The New York Times. Continue reading

And the cheapest state to buy a home is…

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure a… Continue reading

It’s getting harder to make money on a home sale: ATTOM

A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading

New York brokerage owner sues predecessor for alleged fraud

Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business. Continue reading

Compass nabs upstate New York team from Keller Williams

Upstate Curious includes 15 agents, operates across 11 counties and is known for its successful Instagram presence. Continue reading

New York City hot dog icon Papaya King saved following Extell eviction

The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett. Continue reading

‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. 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