Described as “one to watch” by Douglas Elliman Executive Chairman Howard Lorber, Middleton will operate out of Douglas Elliman’s flagship office in Manhattan, Inman has learned exclusively. Continue reading
Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5 percent for one-year leases, and 7 percent for two-year leases. Continue reading
As uncomfortable as New York City’s rent hikes feel to many tenants now, they don’t compare to the soaring prices of Singapore’s prime rental market, The Wall Street Journal reported. Continue reading
In an unexpected twist, the Bronx neighborhood saw the median property value increase a stunning 149 percent year over year, bumping it into NYC’s 50 priciest ‘hoods for the first time in Q1 . Continue reading
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading
A “penthouse” title alone isn’t enough to get a seller top dollar anymore, according to a new report obtained exclusively by Inman from Jim St. André at Compass. Other factors play a key role, too. Continue reading
On the first day of spring, agents across the U.S. who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner. Continue reading
The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Continue reading
The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading
More ultra-prime real estate transactions took place in New York in 2022 than anywhere else in the world, according to the 17th annual Wealth Report released Wednesday by Douglas Elliman. Continue reading