Point’s Eddie Lim on the ‘vintage’ days ahead for proptech investors

Investors eye 2023 and 2024 as prime opportunities amid a market still finding its footing, Point co-founder Eddie Lim tells Intel.

$2.3 Million Homes in Virginia, Massachusetts and the District of Columbia

A 1905 Colonial Revival home in Richmond, a four-bedroom condominium in Boston and a 1942 brick townhouse in Washington.

The Agency says ‘hola’ to Mallorca

The franchise marks The Agency's 50th overall and follows the brokerage's previous European launches in Amsterdam, the Netherlands and Lisbon, Portugal.

What a Deal! The Best Time To Buy Appliances—From Washing Machines to AC Units

Photo-Illustration by Realtor.com; Photos: Getty Images (2)

Modern life is deeply dependent on major appliances. Whether they’re keeping your wardrobe clean or ensuring your food is edible, these machines help us out a lot more than we realize.

A day without a dishwasher, washing machine, air conditioner, or refrigerator is, for many, almost unimaginable. So when one breaks down, or you move into a home without one or more of these domestic MVPs, it is hard not to panic.

None of these essential appliances comes cheap, but there are ways to plan ahead so you can buy one at a discount. Grab your calendar, and make note of the following best times to buy major appliances.

Mark your shopping calendar for September, October, and January

Manufacturers typically roll out new appliances during two major times: early fall and at the beginning of a new year. Retailers often slash prices on last year’s inventory to make room for the fresh models. The exception to this rule is refrigerators; Manufacturers introduce new models in the spring.

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Does Magnetic Paint Work? Creating a Nail-Free Art Wall

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Magnetic paint will not magically make your wall as sticky as your refrigerator door, but it can create a cool design effect throughout your home if you use it right. It might sound as easy as slapping on some paint and instantly having a magnetic surface, but proceed with caution.

Creating a magnetic surface that will successfully hold up papers requires some know-how, a lot of paint, and the right magnets.

Ready to transform a corner of your home into a nail-free, magnetic gallery wall? Here’s what you need to know.

The science of magnetic paint

Before you go out and buy a quart or two, you should have some understanding of how the paint actually works.

My Houzz: Chic Meets Whimsy in Vancouver contemporary-kitchen
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The Crazy Way These Homebuyers Bought Their First House—and the Secret To Getting Rich Off Real Estate

Dan McDonald

Dan and Marissa McDonald were in their mid-20s, paying $2,000 a month for an old, outdated apartment in Boston when they started thinking about buying their first home.

“I was sick of paying such high rent,” Dan recalls. “I wanted to really jump into actually having an asset to my name beyond my 401(k).”

While many couples in their shoes might have begun searching for a single-family home, Dan was intrigued by a trend called “house hacking,” which involves renting out rooms or parts of a house to help cover the cost of a monthly mortgage, and perhaps even make a profit.

“I have always been interested in real estate investing, but I didn’t really ever think it was possible, being young and not having a lot of money to put down,” Dan admits. But through house hacking, he had learned that buying more space—and renting it out—could end up costing less than simply buying their own place.




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The truth about ChatGPT: What you need to know before you use it

ChatGPT has taken the world by storm, but it's not perfect (yet). Before you use it, understand how it works, the wide variety of serious pitfalls and the potential risk to your business if you fail to fact-check the responses it provides. 

Mark Wahlberg’s sweeping Beverly Hills mansion brings in $55M

Mark Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5 million in April 2022 but dropped the ask by $8 million after it sat on the market for several months.

CoStar will not acquire portal Realtor.com after all

Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business.

Homebuyers Beware: You Might Have To Pay More Property Taxes Than You Think

Photo-Illustration by Realtor.com; Photos: Getty Images (3)

Price is one of the most critical factors in buying a home. But there’s something else you need to consider when budgeting for a new house: property taxes.

When scrolling listings for your dream home, you’ll typically see property tax estimates listed. But that doesn’t mean the current tax will be your effective tax rate as the new property owner.

Instead, when a home changes owners, the property taxes sometimes will be higher than what the current owner pays.

This could have some bearing on whether you can afford a certain home. For instance, when you’re qualifying for a home loan, you have to show you can handle paying the property taxes and the principal and interest of your mortgage.

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3 strategies to step into the spring market on the right foot

Now is the time to take constructive action that can impact the trajectory of your whole year. Do these three things to successfully set the tone for this year’s unique market conditions. 

Despite slow market, CoStar sees revenue and profit rise in Q4

The company's revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar's push into residential real estate.

Americans May Want More Space, but Their Apartments Are Getting Smaller

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The rent isn’t just too damn high—the apartment that you’re renting may well be getting too damn small, too.

In 2022, the average size of new apartments was 887 square feet, a drop of 54 square feet over the past 10 years as developers increasingly focused on putting up more studios and one-bedroom apartments. That’s according to a new report from RentCafe, which shows how the surging demand for rentals continues to play out across the nation.

Despite people clamoring for more square footage during the COVID-19 pandemic, 2022 had the biggest year-over-year decline in new apartment sizes—down 30 square feet, or 3.2%, from 2021.

“This goes to show just how different the 2022 rental market was compared to previous years,” says RentCafe writer Adina Dragos. It also demonstrates how the pandemic-era need for “more space” has given way to a need for “more apartments,” she adds.

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$1.3B South Florida indie brokerage returns to Keller Williams

After nearly five years away from Keller Williams, Florida-based indie brokerage Laurie Finkelstein Reader Real Estate has rejoined the Texas franchisor. Finkelstein Reader initially joined Keller Williams in 2011 as the leader of the Laurie Finkelstein Reader Real Estate Team. Her team served buyers and sellers in Broward County, Florida.

Rhode Island Penthouse in a Castle Bestows Fairy-Tale Dreams for $1.4M

Realtor.com

Paging Rapunzel: If you’re looking for a waterfront property in Newport, RI, where you could perhaps let down your hair, this fanciful penthouse (with its own turret!) could be for you.

It’s currently listed for $1,450,000.

While you won’t own every bit of the Gilded Age stone castle, known as Beechbound, you will be the proud owner of luxurious apartment No. 6. The space offers a private roof deck and a castle-style turret right out of a fairy tale. Get up there, and gaze upon breathtaking Newport Harbor.

This two-bedroom, two-bath condo is one of seven in the old manor house. The dwelling is situated on a 3.8-acre, waterfront lot.

Newport castle
127 Harrison Ave
Newport castle
Newport kitchen
Bedroom
Bathroom

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Reimagining the housing choice voucher program

The federal voucher program has fallen far short of its goals, according to strategy expert David Piscatelli. By making minor adjustments to federal policy, an entirely new generation of children can enhance their chance to achieve better health and greater economic mobility. 

Top-producing The Brian Pistorius Group joins Compass

The Chicago-based team has exceeded $50 million in sales volume since 2021 while still at Berkshire Hathaway HomeServices, Compass told Inman exclusively.

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.

23 TikTokers you should be following in 2023

Whether you’re looking for inspiration to get out there and conquer your day or looking to improve your real estate content on TikTok, here are some of the best real estate-related follows on the platform.

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