The Agency 2022 Red Paper: A softening, but still strong market

“The key takeaway is this,” CEO Mauricio Umansky said of this year’s report. “Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Continue reading

The Adrian and Natalie Team joins Corcoran Group from CORE

Founded in 2018, the team’s career sales volume exceeds $300 million, and in 2022, the team was ranked one of the top in New York State by RealTrends. Continue reading

Bess Freedman, Serhant butt heads (again) after bizarre pitch to BHS

In a bold move to start the new year, a SERHANT. representative pitched the brokerage’s training and coaching programs to BHS CEO Bess Freedman, although BHS already has its own in-house programs. 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

Tal Alexander censured by REBNY following ethics complaint

REBNY’s Committee on Ethics and Professional Practices found Alexander guilty of deliberately interfering with Fox Residential Group President Barbara Fox’s broker-client relationships and interactions in a 2021 transaction at an Upper East Side condo. Continue reading

Hot off Balthazar outburst, James Corden lists $9.7M Brentwood home

After a hot-headed encounter at a restaurant in New York City, “The Late Late Show” host James Corden appears to be preparing to sell his 8,600-square-foot home in Los Angeles’ Brentwood enclave. Continue reading

It’s the end of an era as ‘father of the Zestimate’ retires from Zillow

Stan Humphries, most recently Zillow’s chief analytics officer, announced his retirement this month after 15 years with the portal. For better or worse, his work changed real estate forever. Continue reading

New York state and New York City recoup $3M from luxury developer

Heatherwood Communities LLC received tax exemptions on two of their rental properties in Queens and Brooklyn, but failed to pay the buildings’ service employees wages and benefits for over two years. Continue reading

What’s a ‘tornado housing market?’ Hint: You might be in one right now

Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading