What does it mean when even the wealthiest step back from buying?

Luxury deals are down 18 percent year over year, and buyers are more cautious than they’ve been in years, a sign the market is continuing to normalize, according to agents and a new Redfin report. Continue reading

Sotheby’s, Ben Caballero, sweep RealTrends The Thousand rankings

Caballero completed $1.98 billion in sales volume in 2021, and Sotheby’s International Realty boasted the most agents in the individual agent by sales volume category. Continue reading

Manhattan median rent hits new $4K high, according to report

Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent. Continue reading

The Agency launches 37th franchise in Austin, 1st for the Lone Star State

The office will be the company’s first in the Lone Star State, and comes as the brokerage has continued to rapidly expand into new territories. Continue reading

Red flag! 12 things agents should watch out for when being recruited

Here’s what some agents who have recently made strategic moves have to say about keeping one’s eye on the prize when it comes to negotiating contracts with a new brokerage. Continue reading

A $100M island sold in 4 months: The moves behind this agent’s deal

After Great Island failed to sell, Douglas Elliman agent Jennifer Leahy succeeded where other agents failed by leaning on her network, building community ties and thinking outside the box. Continue reading

Top-earning Juracich Team moves from Elliman to Corcoran

The Catherine Juracich Team, which has brought in $156 million in sales volume year-to-date, will now be affiliated with Corcoran Group’s Chelsea office. Continue reading

Surplus of Hamptons summer rentals is leading to price cuts

Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market’s landlords slashing their rental prices this summer. Continue reading

Christie’s Rick Moeser joins Douglas Elliman, business development CEO

Moeser has 30 years of experience in the luxury residential realm and most recently served as executive director at Christie’s International Real Estate for about 17 years. Continue reading

Is it a housing bubble? Nearly 68% of housing markets are overvalued

Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices. Continue reading