Buyers will face a 271% premium for beach views in this Florida city

Tequesta, Florida, the northernmost town in the Miami metro area, commands the highest beach-view property premium compared to non-beach-view homes in the area, out of all U.S. coastal towns analyzed by Casago. Continue reading

Movin’ out to the country: Billy Joel lists $49M Long Island mansion

The Piano Man has decided to trade out his 26-acre Oyster Bay estate, complete with two outdoor pools and a helipad, in favor of spending more time in Florida with his family. Continue reading

‘Not run of the mill’: How 1 agent sold an island to Darien township

A year after the town of Darien, Connecticut, entered into contract to buy Great Island, it finally closed for $18 million under the asking price. Here’s how Douglas Elliman’s Jennifer Leahy got it done. Continue reading

Engel & Völkers enters nation’s capital with 14th Street shop

The new office, led by License Partners Rick Foster, Tom Spier, Phil Di Ruggiero and Travis Gray, will service neighborhoods in D.C. as well as Montgomery and Prince George’s counties in Maryland; and Arlington, Alexandria and Fairfax Counties in Virgi… Continue reading

US debt default may mean tanking sales, huge mortgage costs

A debt default by the U.S. government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22 percent, pushing rates to a peak above 8 percent in September, according to Zillow. Continue reading

Coldwell Banker Warburg launches ‘What Moves Her’ chapter

Establishing a more localized version of the “What Moves Her” campaign will allow Coldwell Banker Warburg to have a more direct impact on female real estate professionals in their community and tailor programming to the community’s specific needs, the … Continue reading

Outfoxed! Rupert Murdoch paid 20% over ask for Manhattan co-op

The Fox News founder paid nearly 20 percent — or $5.2 million — above the $30 million asking price on the 6,500-square-foot Hampshire House unit he he bought in February, according to disclosures. Continue reading

The Agency grows Midwest presence with office in Indianapolis

In March 2022, the brokerage made its first foray into the Midwest with a location in Birmingham, Michigan. Managing Partner Traci Garontakos is leading The Agency Indianapolis. Continue reading

$5.48M mid-century sale is biggest Sierra Madre deal in 20 years

The 1975-era home closed at $1 million over asking, Inman has learned exclusively. Buyers have flocked to Sierra Madre, California, for its privacy and access to nature, as many people continue to work remotely. Continue reading

RE/MAX revenue, US agent count, continue to drop in Q1

Total revenue dropped 6.2 percent year over year and U.S. agent count fell 5.4 percent, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market. Continue reading