Luxury home purchases hit record low as buyers eye other investments

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say. Continue reading

The Nassimi Group hitches its wagon to Douglas Elliman

Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume. Continue reading

Realty ONE Group plants flag in Cayman Islands and Cyprus

The new franchises add to the brand’s presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries. Continue reading

Florida top producers Adam Levy and John D’Amico join Compass

The agents join Compass from Berkshire Hathaway HomeServices and boast at least 25 years of experience in the industry, Compass exclusively told Inman. Continue reading

US dominates the globe with most ultra-high-net-worth homeowners

The U.S. notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30 million. New York City clinched the top spot on a list compiled by REALM and WealthX. Continue reading

Egypt Sherrod is married to real estate. But that’s only half her story

Inman’s inaugural Influencer ran from real estate as a kid because it was all her family talked about. But with four TV shows, a podcast and a team under her belt, she lives and breathes it in 2023. 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

Corcoran breaks into Europe with forthcoming Italian affiliate

The firm, previously known as Immobiliare Magri, will officially launch as Corcoran Magri Properties sometime in the next several weeks led by Maddalena Magri, the brokerage exclusively told Inman. Continue reading

Christie’s affiliate owners: In a downturn, spend money (prudently)

The two-day Christie’s International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states. Continue reading

It’s a Bel Air mansion with its own $25,000 fragrance. But why?

Designer César Giraldo believes the decision to conjure a custom branded fragrance for a single homeowner at 1859 Bel Air Road will pay off by bridging marketing, design and emotional appeal. Continue reading