How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading

‘Reality’ is a misnomer when it comes to real estate TV shows

Ben Belack of “Buying Beverly Hills” and Ernie Carswell of “Kendra Sells Hollywood” shared with Inman Connect Las Vegas attendees the nitty-gritty of being on reality TV. Continue reading

Elliman shareholder says Howard Lorber deserves bonus claw back

Shareholder Bradley Tirpak said in a letter to investors published on Wednesday that Lorber’s leadership had fallen short as the firm has continued to see financial losses and scrutiny amid the Alexander brothers sexual assault scandal. Continue reading

JLo, Affleck, making real estate deals as divorce rumors swirl

Rumors surrounding the couple’s split have grown in recent months. Affleck and Lopez, meanwhile, have been transacting their own separate home deals as they jointly try to offload their shared Beverly Hills home. Continue reading

Kanye’s deconstructed Malibu pad goes under contract

The waterfront homes was first listed for $53 million in January and discounted to $39 million in April. The new owner will need to do extensive work since the interior has been stripped of all finishes. Continue reading

Communicate value with authenticity and active listening

Not every agent can or should communicate their value through “bold statements,” agents said during a panel at Inman Connect Las Vegas. That’s why remaining authentic to oneself is paramount. Continue reading

To succeed in luxury real estate, know your audience

Daniel McVicar, Eloy Carmenate and Victoria Levitam spoke at Inman Luxury Connect in Las Vegas on Tuesday in a panel titled “From City to City: Trends & Opportunities in Emerging Luxury Markets.” Continue reading

Moreland Properties, Kumara Wilcoxon take top Golden I honors

Sotheby’s International Realty’s Wilcoxon was named top luxury agent Tuesday. Moreland took top brokerage and Jones Fridman International & Associates was named top luxury team at ICLV. Continue reading

Agents need to prepare for failure, harness opportunities, group says

“Success is a very strange beast and it often comes before total annihilation,” said Beverly Hills broker Gary Gold at Inman Luxury Connect. Continue reading

Will flashy gifts and open houses end once commissions decouple?

Based on conversations with luxury agents across both coasts, there’s still a lot of uncertainty about how far-reaching the changes that come with commissions decoupling may be. Continue reading