10 months after ‘The One,’ Richard Saghian scoops up $40M Malibu pad

Not content to pause after purchasing “The One” megamansion for $126 million in March, the Fashion Nova founder also added the $40 million Billionaire’s Beach property to his portfolio recently. Continue reading

Mauricio Umansky: ‘Something exciting happens every time I wake up’

In advance of his appearance at Inman Connect New York on Jan. 24-26, The Agency’s founder and CEO said he’s always working but finds ways to unwind. Continue reading

Luxury holds steady despite overall Manhattan market slowdown in Q4

As prices and transaction volume both fell in Manhattan’s market at large year over year, luxury properties priced at or above $10 million still managed to perform well to close out 2022. Continue reading

Top San Luis Obispo agent rejoins Christie’s International Real Estate

Since 2019, Lindsey Harn has been the leading agent in her market and now is affiliated with the luxury brand’s Sereno office, led by co-founders Chris Trapani and Ryan Iwanaga. Continue reading

Patriots owner Robert Kraft inks record Palm Beach penthouse sale

The $23.75 million sale marks the most expensive condo ever sold in Palm Beach, surpassing previous records in the high teens, according to appraisal firm Miller Samuel and property records. Continue reading

Here are the 30 most expensive home sales of 2022

The luxury real estate sector faced its ups and downs as the market entered a period of significant transition, but that didn’t prevent luxury clients from making some stellar deals. Continue reading

With $4M seed round, Rove launches property marketplace

The “remote work-friendly property brand” is in beta with a property sales portal, a marketplace, for selling short-term rental properties. Each listing’s financial filings are provided in full detail. Continue reading

Corcoran Reverie lures Florida’s Cindy Cole from Keller Williams

Cole will help Corcoran Reverie grow its luxury real estate footprint in Destin, Florida, and ranks among the top one-half of 1 percent of real estate agents by sales volume, according to a report. Continue reading

Luxury housing market plunges to new low as priciest inventory rises

Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38 percent year over year, according to Redfin. Continue reading

2022 by the numbers: The dirty data that drove a weird year in real estate

To better illustrate how capricious the real estate industry was in 2022, Inman searched high and low for rogue data points that drove the housing market and best reflected this year’s wild tumble. Continue reading