Inman

The Real Word: Wall Street’s kinship with real estate

Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, the duo discusses our publisher Brad Inman’s column on Wall Street’s impact on the real estate industry. It’s a rocky relationship.

Also, people are willing to pay more for rentals on game day. Find out the top seven locales with major game-day markups.

Marketing highlight of the week

Tim Smith, leader of Coldwell Banker’s No. 1 team in Newport Beach, California.

He has the distinction of overseeing the recent sale of the highest-priced piece of property in Newport Harbor at $35.008 million. It was first listed for $44.995 million in Oct. 2018.

The amount was slightly higher than the previous record of $35 million for the home of actor Nicolas Cage, which sold in 2008. The agent for the buyer said that her client is a fan of the house’s architect Robert Sinclair.

Smith marketed the five-bedroom, six-bathroom, waterfront mansion at 1813 E. Bay Ave. with the $50,000 “Teach Me How To Duffy” — that went viral.