Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall. Continue reading
The luxury residential market soared to new heights in 2024. Florida dominated the top sales of the year, bringing at least 15 residential transactions above $50 million, as the state simultaneously faced a tale of two markets. Continue reading
Aleem, Redfin’s chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money. Continue reading
The move follows a public rift between the CEO of Tesla and the maker of ChatGPT. Musk had previously been paying rent for OpenAI’s headquarters. Continue reading
OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading
Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000. Continue reading
Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies. Continue reading
In some markets, prime real estate close to one of the nation’s leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark. Continue reading
The only private island in San Francisco Bay is up for a sale with a $25 million price tag. Red Rock Island is a six-acre vacant hill just off the Richmond-San Rafael Bridge north of the city. Continue reading
Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading