The message is blunt: Real estate leaders anticipate a tough 2023

Inman’s first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds. Continue reading

There are 1.25 million fewer million-dollar homes in America in 2023

The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading

Costly housing spurred California’s 500,000-person pandemic exit

The state’s population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents’ primary reason for departure. Continue reading

Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels. Continue reading

Corcoran Reverie lures Florida’s Cindy Cole from Keller Williams

Cole will help Corcoran Reverie grow its luxury real estate footprint in Destin, Florida, and ranks among the top one-half of 1 percent of real estate agents by sales volume, according to a report. Continue reading

Utah’s red rock and Florida’s coast: 2022’s top second-home markets

Washington County, a one-time remote region of southern Utah’s high desert, experienced the most number of mortgage rate locks for second homes, experiencing a year-over-year jump of 10.3 percent. Continue reading

6 Engel & Völkers shops become Engel & Völkers First Coast

The name change to unify the six shops across the northeast Florida region comes on the heels of franchisee Corey Hasting opening two new locations in Ponte Vedra Beach and San Marco. Continue reading

Florida home of Kitty Litter and Tidy Cat founder lists for $15M

Long River Ranch spans 1,025 acres in Arcadia. Edward Lowe and his wife, Darlene Lowe, kept part-time residence there while maintaining a residence in their home state of Michigan. Continue reading

Amid COVID, Americans relocated to battleground states in droves

As midterm elections approach, Zillow crunched housing data and found that enough Americans relocated to key counties in red and purple states in 2021 to potentially shift political leanings. Continue reading