Tag Archives: New York

Side restructures, wants staffers based in the markets they serve

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The company, which supports real estate professionals who want their own brand, plans to have its staff members work in the markets where its partners are based. Continue reading →

‘Make the pie bigger:’ New York moves on 1st hotel conversion

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A struggling Hilton hotel, near John F. Kennedy International Airport, will be converted to nearly 300 affordable housing units, according to a plan unveiled last week by developer Slate Property group that was first reported by The New York Times. Continue reading →

And the cheapest state to buy a home is…

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Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure a… Continue reading →

It’s getting harder to make money on a home sale: ATTOM

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A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading →

New York brokerage owner sues predecessor for alleged fraud

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Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business. Continue reading →

Compass nabs upstate New York team from Keller Williams

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Upstate Curious includes 15 agents, operates across 11 counties and is known for its successful Instagram presence. Continue reading →

New York City hot dog icon Papaya King saved following Extell eviction

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The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett. Continue reading →

‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

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Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. Continue reading →

Luxury home purchases hit record low as buyers eye other investments

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Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say. Continue reading →

The message is blunt: Real estate leaders anticipate a tough 2023

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Inman’s first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds. Continue reading →