Offering plans explained: Red flags every real estate broker must catch before closing

Real estate attorney and new contributor Brett Stack says these six red flags should cause co-op and condo agents to hit the brakes for further review on transactions in the Big Apple. Continue reading

‘Not a shift, a transition,’ 2 reports say of homebuying market

Is it a buyers’ market or not? In separate market reports published on Thursday, Redfin and Realtor.com aimed to answer the question by looking at home price, home sales and inventory trends, which signal that homebuyers are gaining the upper hand — bu… Continue reading

Ryan Serhant and wife team up as SERHANT. becomes family firm

Emilia Bechrakis Serhant, a former maritime lawyer and land title insurance agent, is transitioning into real estate sales, Inman has learned exclusively. Continue reading

New Florida condo laws poised to ease buyer affordability stress

The two laws provide more generous timelines for condo associations and potential homebuyers on inspections and the reviewing of documents, among other measures, which should ease assessments that can negatively impact homeowners and buyers. Continue reading

Condo sales fall to 10-year low amid surge in insurance costs, HOA fees

While home purchases by investors rose 2 percent annually in the first quarter — to 46,726 transactions — condo sales declined by 3 percent, to just 8,509 units, according to data released Wednesday by Redfin. Continue reading

Why the Miami luxury market has boomed amid lower-price slump

Luxury homes continue to sell in big numbers in prime locations throughout Miami, a market where most price points have seen a protracted dip in transactions. Continue reading

Concierge Auctions launches new division focused on luxury condos

The division with an emphasis on new development is led by new dev marketing vets Louise and Paul Sunshine and will provide developers and financial institutions with an alternative to the traditional sales market. Continue reading

‘How’s the market?’: How to answer that question in NYC (and beyond)

The secret is in the specifics and sentiment, Coldwell Banker Warburg’s Kevelyn Guzeman writes. Turn her New York City advice into a how-to on answering tough questions about your local market. Continue reading

Luxury sales surge near Mar-a-Lago as Trump settles into 2nd term

Luxury home sales have taken off since Donald Trump’s re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday. Continue reading

How much longer can developer Michael Shvo push up prices?

The luxury developer has gambled by purchasing exclusive properties across the U.S. and further developing them into elite and expensive residences. Sales thus far don’t clearly show that the gamble will pay off. Continue reading