58 cities that had million-dollar homes in 2022 don't anymore: Study
The number of US cities where the typical home value was $1M or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Coastal states have been most severely impacted
by Lillian Dickerson Mar 14
Inventory struggle is real, leaders declare in exclusive Inman survey
Leaders and agents who took Inman's first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn't totally out of the question
by Jim Dalrymple II Mar 13
Luxury home purchases hit record low as buyers eye other investments
Luxury home sales fell 44.6% year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say
by Jim Dalrymple II Mar 10
Appraiser ordered to watch exposé on Black homeowners she lowballed
Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal
by Ben Verde Mar 9
The message is blunt: Real estate leaders anticipate a tough 2023
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
by Jim Dalrymple II Mar 8
Housing inventory shoots up as homes sit longer on the market
A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time
by Jim Dalrymple II Mar 2
Can a mega-mansion in Paradise Valley bring in a record $75M?
The state's priciest deal sold for $28.1M in June 2022, but with the lure of a metaverse room, a spa that generates snow and more, developers think they can get $75M for a home still in progress
by Lillian Dickerson Feb 28
Brad Inman: Decision-makers, not experts, will forge real estate's path
The Inman founder kicked off Disconnect in Palm Springs, California, on Monday by calling on real estate leaders to deliver a path forward through the rough patches ahead
by Daniel Houston Feb 28
Lawsuit accuses eXp agents of sexual assault, drugging women
According to the suit filed Wednesday, Michael Bjorkman and David Golden took advantage of women while attending real estate industry events
by Jim Dalrymple II Feb 23
Costly housing spurred California's 500,000-person pandemic exit
The state's population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents' primary reason for departure
by Lillian Dickerson Feb 21
Gary Keller on ChatGPT, iBuyers and companies that 'rent' their tech
Keller headlined his company's Family Reunion conference Sunday, saying that he doesn't think flashy new artificial intelligence tools are on the verge of upending the real estate industry
by Jim Dalrymple II Feb 19
Berkshire Hathaway taps former Compass COO as strategic adviser
Brent Thomson has been hired as a strategic adviser for Berkshire Hathaway HomeServices Drysdale Properties as the company looks to expand its presence in California and Nevada
by Ben Verde Feb 17
Red Oak Realty taps former KW, Pacific Union leader as president
Nicole Aissa will oversee agent growth and development at Red Oak. She previously worked as an operating principal at Keller Williams
by Jim Dalrymple II Feb 10
CA Christie's affiliates show huge growth in year of new partnerships
The luxury brand's billion-dollar growth in terms of agent business came from strategic recruitment by its Sereno and Orange County affiliates, as well as the addition of Aaron Kirman
Compass names Wendy Forsythe president of 3 western states
'California, Nevada and Hawaii represent our largest market, and we are thrilled to have Wendy onboard to lead our teams and agent entrepreneurs in this key market,' CEO Robert Reffkin said
by Ben Verde Feb 1