Palm Beach, a suburb? Not likely, residents say

Residents were taken aback when GoBanking.com recently categorized the luxury haven as a “suburb.” Local agents agree that Palm Beach is “a category by itself.” Continue reading

Homes are sitting on the market longer amid high costs: Redfin

Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020. Continue reading

Cost of insurance, property tax top triggers of mortgage delinquencies

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading

LA broker Tyrone McKillen parting ways with Official

McKillen joined the firm in early 2023 to spearhead Official’s expansion into Los Angeles. His departure comes weeks after Official co-founders and brothers Oren and Tal Alexander stepped down in response to mounting sexual assault allegations. Continue reading

SERHANT. welcomes the True North Team from Compass

The firm also recently brought on former Corcoran Rookie of the Year Eric Shostak, in addition to the top-earning team, Inman has learned. Continue reading

Coldwell Banker adds generative AI to Listing Concierge platform

With its new capabilities, the platform will allow agents and concierge coordinators to automate the generation of listing descriptions, image captions and property attributes “in minutes,” the firm told Inman. Continue reading

Number of foreign buyer purchases falls to lowest point since 2009

As the U.S. dollar’s value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR. Continue reading

From teen mom to luxury broker, Sharelle Rosado hustled to the top

Sharelle Rosado’s grit and determination helped her rise up from humble beginnings to become one of Tampa’s top agents. “If you dream something, no matter how big it is, go for it,” the broker said. Continue reading

Former Engel & Völkers Naples team jumps ship to Compass

Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced. Continue reading

What agents should know about recent Golden Visa changes

As luxury clients dream about far-flung escapes this summer, agents should be aware of recent changes to Golden Visa programs — and know where their clients can still invest to gain residency. Continue reading