NYC rent soars to all-time high — and it’s not done yet, analysts warn

The median rent in Manhattan climbed to a new high of an astounding $4,175 per month, according to Douglas Elliman and Miller Samuel’s March 2023 New York City rental report. Continue reading

Lake Homes Realty relocates headquarters amid exec shuffle

Joe Gaeta, formerly of Zillow Group, and Kiki Wanshura, formerly of Pacaso, have joined the lake markets-focused brokerage. Heather Glass, who joined the company in 2020 has also been promoted. Continue reading

Christie’s heads to bourbon country with affiliate in Lexington

Led by Rusty and Rachel Underwood, the new affiliate known as Christie’s International Real Estate Bluegrass will service parts of the state known for bourbon distilleries and thoroughbred racetracks, the company exclusively told Inman. Continue reading

8 big reveals from Mauricio Umansky’s book ‘The Dealmaker’

From helping to launch the Mexican Olympic ski team to fresh insights into his split with Hilton & Hyland, the book is full of interesting anecdotes about Umansky’s life paired with the lessons that came out of those experiences. Continue reading

Nest Seekers expands further into Europe with Italy, Portugal offices

Prior to this expansion, Nest Seekers had European locations across the U.K. and Spain, as well as other international offices in Korea and Mexico. The new offices will be headquartered in Milan and Lisbon. Continue reading

Anthony Hitt: E&V looks to future while doubling down on the basics

Following a brand “refinement,” Engel & Völkers will continue rolling out additional technology updates to better arm agents to serve the clients of tomorrow, all while sticking to its core values, Hitt told Inman. Continue reading

When pigs fly: A $5M California home gets rare approval from Zillow Gone Wild

Many real estate agents have come to fear an appearance on Zillow Gone Wild, a social media juggernaut that has captured the attention of millions of followers who gawk at the baffling architecture, zany landscaping and bizarre decor of Zillow’s most u… Continue reading

Their clients could buy homes. But they rent for $75K a month instead

Increasingly, wealthy would-be homebuyers are opting to rent in lieu of homeownership, choosing to cough up top dollar for $69,000-a-night Airbnbs and apartments for north of $100,000. But why? Continue reading

Cash deals hit all-time high in Manhattan as sales plummet 38%

The average sale price for a home in Manhattan fell 5 percent to $1.95 million while the median sale price fell 10 percent to $1.075 million, according to a quarterly market report by Douglas Elliman and Miller Samuel. Continue reading

John Steinbeck’s former Hamptons retreat sells for $13.5M

The Sag Harbor Partnership has purchased the “Of Mice and Men” author’s part-time abode and will transform it into a space for a writer’s residency program led by The University of Texas. Continue reading