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

Christie’s International Real Estate and tech company Modwell partner

The agreement provides 50 of Christie’s International Real Estate’s Masters Circle agents access to Modwell’s proprietary and patented tech design platform to assist homebuyers in seeing a property’s potential. Continue reading

Mystery buyer scoops up priciest home in Connecticut for $138.8M

Copper Beech Farm was originally listed for $150 million back in February. Despite a cut, the sales price still puts the estate within the five most expensive residential real estate transactions of 2023. Continue reading

California dreamin’: The nightmare situations luxury agents deal with

From the seller who wanted to display a room full of snakes during a home showing to the renter who was an insurance scammer, the clients luxury agents deal with in California can be a handful. Continue reading

‘Catching a wave’: Nartey brings Globl RED to The Real Brokerage

“Catching Real right now is like catching a wave,” Kofi Nartey said. He sees the brokerage’s sweeping growth and adoption of technology as the way of the future. Continue reading

Engel & Völkers adds 9 shops with SoCal partnership

Through the agreement with Dilbeck Real Estate, Dilbeck offices will adopt the E&V name and license partner Paul Benson will gain a new ownership stake in the business, Inman has exclusively learned. Continue reading

Timothy Di Prizito joins AKG | Christie’s International Real Estate

The former GM of Joyce Rey’s team at Coldwell Banker said he is ready to spread his wings and likes what he sees when it comes to Aaron Kirman’s success in growing his team, Di Prizito exclusively told Inman. Continue reading