‘Jeopardy!’ and ‘Wheel of Fortune’ creator’s former estate lowers ask

The 40-acre estate with multiple structures hit the market last April for $36 million, and the price has been knocked down to $29.95 million as of Feb. 7. Will buyers bite? Continue reading

Vacant, foreign-owned homes draw criticism in LA post-wildfires

Wildfire victims and other residents are wondering what good vacant properties owned by individuals who live thousands of miles away serve while so many struggle to find temporary and permanent housing. Continue reading

CAR publishes open letter to support LA wildfire victims

The letter, to be published in the “LA Times” and other prominent news outlets, provides information for California residents impacted by the fires about price gouging, fraudulent activities and unsolicited offers. Continue reading

NYC real estate vet Scott Harris launches Magnetic firm with Side

After 18 years with Brown Harris Stevens, Harris has set off on his own with members of his previous team alongside him. The firm will put a high focus on client and agent service. Continue reading

Zillow, not CoStar, is Realtor.com’s biggest competitor, Eales insists

As the rivalry with CoStar Group simmers, Realtor.com CEO Damian Eales is focused on housing policy and bridging gaps between the industry and consumers, he told a crowd Thursday at ICNY. Continue reading

Brokers are beginning to see bright side of post-settlement landscape

Industry changes stemming from the National Association of Realtors’ antitrust settlement have made listing appointments easier, among other perks, real estate leaders told Inman. Continue reading

Lake Tahoe property sells for discount at $33.5M

The 10,000-square-foot Incline Village estate first hit the market for $49 million about one year ago. The home was sold with furnishings to a buyer from the San Francisco Bay Area. Continue reading

$1M homes hit all-time high in US

A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states. Continue reading

More agents leave Official in wake of Alexander brothers’ departures

At least five agents based in New York and Miami have left the firm in about the last week. Previously, West Coast founding broker Tyrone McKillen had also left the Side-backed brokerage. Continue reading

Commercial market bottom nears as foreclosures surge

Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI. Continue reading