Luxury home values have hit $1.8M, bucking the spring slowdown

A new report from Zillow shows that luxury home values rose 2.7 percent over the past year, with the typical luxury home now valued at around $1.8 million. In some high-demand cities, like New York, Los Angeles, San Diego and San Francisco, luxury home… Continue reading

Parker withdraws suit against Douglas Elliman clawbacks

In May, Elliman requested to move the dispute into an arbitration and provided all relevant agreements to Parker’s claims, according to TRD. Parker withdrew the lawsuit without prejudice, meaning she can refile later. Continue reading

Why now is the perfect time for a mansion boom

Wealthy buyers are choosing stability over speculation, market expert Chris Drayer writes. They’re thinking long-term and betting on real estate as a safer, smarter place to park their wealth. Continue reading

Costanza Zerbi joins eXp Realty, eyes $100M sales target

Top-producing agent Costanza Genoese Zerbi is bringing her Southern California team, Costanza Genoese Zerbi & Associates, to eXp Realty, along with a bold goal: hitting $100 million in sales volume within a year, the firm announced Wednesday. Continue reading

Reffkin rails against ‘organized real estate’ at annual Compass retreat

During a keynote address Tuesday, the CEO rallied the firm’s agents and staff against Compass naysayers, discussed short-term goals of seller choice and agent listing attribution, and unveiled the latest rendition of Compass AI. Continue reading

Tinka Ellington Group joins Compass after a decade at Elliman

After more than 10 years with Douglas Elliman, Tinka Ellington and The Tinka Ellington Group have made the move to Compass, the brokerage confirmed to Inman. The Tinka Ellington Group, based out of Boca Raton, Florida, specializes in luxury and waterfr… Continue reading

Hall Willkie steps down as president at Brown Harris Stevens

The Brown Harris Stevens vet will be moving into a consulting role as of July 1. East and West Side sales managers Itzy Garay and Kevin Kovesci will become co-presidents of the brokerage’s New York City region. Continue reading

Hamptons summer rentals way down amid market uncertainty

Rental demand for ultra-luxury properties in the beach market is down as much as 75 percent this year, according to local brokers, due to economic volatility and poor spring weather. Continue reading

Stephen Kotler and son Max Kotler depart Douglas Elliman

Stephen Kotler is leaving Douglas Elliman following a three-decade career at the brokerage. Meanwhile, his son Max has joined Corcoran Group with intentions of building a new team. Continue reading

Douglas Elliman sets sights abroad with international expansion

The luxury brokerage is launching an international division, “Elliman International,” and recruiting agents and teams to establish offices in strategic global markets, Inman has learned exclusively. Continue reading