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.

Realtor.com

A private island escape in Bushwood, MD, beckons buyers with a rare deal: two homes for the price of one. The island dwelling comes with an additional mainland home and boat dock—all for $3.75 million.

The 13-acre St. Margaret Island is nestled in St. Catherine’s Sound, below the confluence of the Potomac and Wicomico rivers.

“It’s a pretty special place,” says listing agent David Desantis, of TTR Sotheby’s International Realty.

“The house itself is lovely, and it’s a summer beach house that is very livable and very charming,” he says. “But the special thing about this listing is not only is it your own private island, but it is less than two hours from Washington, D.C., and also close to Richmond, VA.

RE/MAX hosted its latest annual R4 conference in Las Vegas this week. Here are the top tips to create an "unstoppable" business straight from RE/MAX execs, trainers and top producers.

HGTV

Tarek El Moussa has come a long way.

This house flipper first rose to fame on the HGTV runaway hit “Flip or Flop,” which he co-hosted with his then-wife, Christina Hall. But a lot has changed since the show’s 2013 premiere.

For one, he has branched off to star in his own solo series where he teaches novice flippers the ropes, “Flipping 101 With Tarek El Moussa.” He has also divorced his previous flipping partner and married “Selling Sunset” star Heather Rae El Moussa, who recently gave birth to their baby boy, Tristan. And, as if all that weren’t enough, his family has embarked on a new show, “The Flipping El Moussas,” which follows their busy life together flipping houses in Southern California.

While fans will no doubt tune in to see what Tarek’s new life is like, we got to wondering what really happens behind the scenes when the cameras stop rolling. Lucky for us, Tarek was happy to chat with us and divulge some choice details you won’t see on reality TV.

More ultra-prime real estate transactions took place in New York in 2022 than anywhere else in the world, according to the 17th annual Wealth Report released Wednesday by Douglas Elliman.

In this Inman Access class, Marc King of Keller Williams discusses key financial principles real estate professionals should implement to reach their goals and build wealth in their businesses.

Help your favorite non-profit unlock charitable gifts of real estate while you earn a full commission as well. Trainer and author Bernice Ross talks to Cami Baker about this little-understood marketing strategy.

Getty Images

The numbers: Mortgage rates are up for the fourth week in a row.

The 30-year fixed mortgage rate hit 7.1%, up from 6.94% on Wednesday, according to the latest data of mortgage brokers released Thursday by Mortgage News Daily.

Mortgage News Daily says its index is driven by real-time changes in actual lender rate sheets.

Separately, the 30-year fixed-rate mortgage averaged 6.65% as of March 2, up 15 basis points from the previous week, Freddie Mac also said Thursday.

Congratulations on becoming a new realtor! Here are some tips that can help you get started: Develop a business plan: Your business plan should include your goals, target market, marketing strategy, and financial projections. This will help you stay focused and on track.Build a strong network: As a realtor, your success will depend largely on your ...

REWpert will allow customers to do more than craft listing descriptions. The company said REWpert will exercise more of what ChatGPT-maker Open AI intended its tool to do.

Getty Images / Realtor.com

It just doesn’t get more old-Hollywood glam than the Los Angeles estate known as Castillo del Lago.

Set on legendary Mulholland Drive in the Hollywood Hills, this spread is said to have been a Bugsy Siegel lair in the 1930s.

After that, it served as a prominent movie location for 1984’s “Beverly Hills Cop” and as Madonna‘s home in the 1990s. The home currently belongs to fashion titan Leon Max, of Max Studio, according to the Wall Street Journal.

And if you happen to have $21 million lying around, you could be the next owner of this lavish, nine-bedroom, six-bath dwelling.

Getty Images

Communities of color are more likely to experience discrimination in nearly every step of their homebuying journey.

Minorities continue to have higher mortgage application denials, have the lowest homeownership rates, and have properties that are more at risk of being undervalued by appraisals, according to a recent report from the National Association of Realtors®.

“We want homeownership to be for everybody. Homeownership is a main [way] to build wealth,” says NAR Senior Economist Nadia Evangelou. “Minority groups not only face additional challenges in their efforts to purchase a home, but also deal with inequalities after they purchase their homes.”

To come up with its findings, NAR analyzed data from the U.S. Census Bureau, and data collected through the Home Mortgage Disclosure Act as well as the Federal Housing Finance Agency. The organization also used data from a 129-question survey taken by 4,854 homebuyers who purchased property between July 2021 and June 2022.

This week’s properties are in Harlem, Gramercy Park and Marble Hill.

This week’s properties are a seven-bedroom in Litchfield and a four-bedroom in Long Beach.

A new poll examines the motivations, experiences and disappointments of those who recently moved.

Getty Images

Many homebuyers seek out old houses for their charm and character. The architecture of an old home, like a Tudor, Victorian, or Colonial, offers owners a sense of originality not typically found in new builds or cookie-cutter tract home neighborhoods.

“There’s a reason some say ‘they don’t make them like that anymore,’” says Vickey Barron, a broker at Compass in New York. “The quality of materials, design, and planning that went into many old homes would be extremely costly in 2023.”

But every homebuyer looking to purchase an old home should consider the possibility that they’ll have to spend money on repairs at some point in the future.

Best-case scenario? The previous owners overhauled the home’s major systems and you won’t have to shoulder any costly improvement projects. Worst-case scenario? You have to spend big bucks bringing things like plumbing and HVAC up to date.

Getty Images

Make no mistake, today’s housing market has plenty of homes for sale, but very few buyers are biting.

According to a new report by Realtor.com®, the overall number of homes for sale in the U.S. increased by a whopping 67.8% in February. That amounts to 234,000 more homes on the market than there were during this same month last year.

The problem, though, is that most of these listings are stale—ugly ducklings that have been sitting online for weeks or even months with no takers. Homebuyers and sellers all know that a real estate listing garners the most excitement in the first few days after it hits the market, so when a home lingers (and lingers), buyers get suspicious, wondering: What’s wrong with this house?

As for fresh listings, those were down in February, with 15.9% fewer home sellers entering the market compared with a year earlier. This lack of new homes for sale is even starker when you compare these numbers with pre-COVID-19 levels from 2017 to 2019, when fresh listings were 27% higher than they are now.

Join Inman Access to hear Spencer Rascoff, Marc King and others break down investment opportunities, business planning and more.

Learn how this NYC broker leverages a wide-ranging background and award-winning marketing expertise to build an exceptional professional profile.

Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves.