Nearly 1 in 9 US homes command $1M as luxury prices soar in June

The share of U.S. homes valued at $1 million or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows. Continue reading

Tighter federal regulations coming to luxury real estate market soon

The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others. Continue reading

Ailing vet claims Orlando Bloom, Katy Perry unfairly bought home

Carl Westcott, 83, claims his judgment was impaired when the contract with Perry and Bloom was signed, due to opiates he was prescribed following an extensive surgery to treat Huntington’s disease, according to reports. Continue reading

Rebecca Mason joins Compass as NYC sales manager

Prior to her stint at CityRealty, Mason spent several years at Stribling & Associates which was acquired by Compass in 2019. Now she’ll be reunited with many of her former colleagues, Inman has learned. Continue reading

Drum up inventory through direct mailers, social media and more

The low-inventory problem has consumed many agents’ minds for years. Top agents shared at Inman Connect how they stay ahead of the game by drilling down into some of these strategies. Continue reading

3 luxury agents share their climbs into higher price points

“Belong to the private clubs, golf at the best golf clubs,” Jean Merkelbach, of Engel & Völkers said at Inman Luxury Connect. “Be where they are so they recognize you.” Continue reading

With off-market listings, sellers rarely know best, luxury agents say

Luxury real estate agents discuss the nuances of balancing sellers’ wants and needs against MLS rules and ethical standards as it relates to off-market listings Monday at Inman Luxury Connect in Las Vegas. Continue reading