Author Archives: Richelle Hammiel

Housing inventory growth doesn’t guarantee greater affordability

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In June, five of the top U.S. markets showed some improvement in housing affordability and supply year-over-year, according to First American’s Real House Price Index, while some markets with improved inventory still struggled with rising costs. Continue reading →

Bulletproof Ohio home goes under contract after multiple offers

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The home was listed for $399,900 over two weeks ago. Listing agent Jon Modene refers to the home as having “the strangest and greatest potential I have ever seen.” Continue reading →

Existing-home sales decline, median sales price hits record high

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The median existing-home price jumped by 4.1 percent year-over-year to $426,900 for all housing types, marking the second month of record highs. Continue reading →

Former Burger King CEO snags $17M Emory Roth penthouse

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Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he’s stepping into a $17 million penthouse. Continue reading →

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

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OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading →

Aspen Valley Ranch, Colorado property sold in pieces for $47M

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Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220 million, “The Wall Street Journal” reported on Thursday. Continue reading →

Nan & Co launches auction division with FasciaBlaster mansion

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Houston-based Nan & Company Properties has launched an auction division, with the initial bidding centered on a Friendswood mansion, the company announced. Continue reading →

Southernmost home in US hits market for $18.5M in Key West

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Built in 1958, the mid-century home is a historical landmark. The estate is owned by Cecilia Joyce Johnson, the widow of late American artist Seward Johnson II, who passed away in 2020. Continue reading →