The ability to discuss style, features and the changing lifestyle of homeowners from one decade to the next will prove to be very helpful in serving an agent's clients.
Are couples moving in together just to save money? The Real Word
This week, Byron Lazine and guest host Lisa Chinatti discuss the tax on single renters, agent dress codes and the state of inflation in Left, Middle, Right.
Leverage data and analytics to inform your luxury real estate strategy
Data is everywhere, but that doesn’t mean it’s captured and leveraged effectively. Despite granularity delivering the greatest results and value, many still resort to sweeping generalizations when discussing real estate.
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.
The Next Hot Housing Market Is Out of This World. It’s in the Metaverse.
Despite the implosion of FTX and projections of a cryptocurrency winter, the metaverse real estate market is expected to grow by $5.37 billion by 2026.
Can My Neighbor Point a Video Doorbell at My Apartment Door?
Ubiquitous in many suburban neighborhoods, the devices have been slow to catch on in city apartments, but that is changing as New Yorkers warm to the technology.
12 fun ways to flex your local expert muscles
Leverage your knowledge to build your business. Rainy Hake Austin shares creative ways of being the local expert in your own unique way.
Survey Your Kingdom From This Splendid $5M Arkansas Castle
A stacked-stone castle looks like it could be almost anywhere in Europe, but it’s actually in the hills overlooking Fayetteville, AR.
Dromborg Castle is more than 8,800 square feet of luxury, set on 40 acres with a pond. The house is listed for $4,999,000.
“’Drom’ means dream and ‘borg’ means big,” owner Joan Johnson explains of the castle’s name.
Indeed, it was a dreamy drive through the French countryside that inspired her and husband Bruce to build the home.
Chateau Rochamore: Historic Hunting Lodge in Connecticut Pursues a Buyer for $1.9M
Everything about the property at 271 Hunting Ridge Road in Stamford, CT, caters to the luxury-minded homebuyer.
A gated lot, wraparound terrace, and an indoor waterfall are just a few of the upscale features that ensure the next owners of this historic hunting lodge won’t want for much.
The Connecticut castle, set on more than three acres, is listed for $1,995,000—a more than $400,000 price drop from the property’s initial June 2022 listing.
Rock of love
Known as Chateau Rochamore, the home has a medieval-inspired facade that gives it a centuries-old aesthetic. It was built in 1906, though.
Plunk releases market data API, signs 3 proptech partners
Plunk envisions its data API assisting users in the same way a stock ticker does Wall Street investors, by helping them make critical decisions with the most prompt business information.
5 Ultraluxe Log Cabins for Staying Cozy Through Spring—and Beyond
On these cold and dreary winter days when the temperature is plunging, many of us begin to envy bears in the wild, who just take a long nap that lasts till spring. It’s a fine idea.
But since hibernation isn’t an option for humans, why not indulge in dreams of cozy log cabins, where weekends can even stretch to seven days long?
And since we’re fantasizing here, let’s throw in luxury features and fabulous locations, far enough from civilization to get away from it all, but close enough for you to get out when you’re in need of some company or recreation?
We’ve found five ultraluxe log cabins that fulfill these reveries. They’re all for sale, but many of them are also available for short-term rental, so you can try before you buy.
Motto Mortgage opened offices at a record pace in 2022 as sales slowed
Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6 million fourth-quarter net loss.
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.
A reason for the luxury slowdown? We may be in a ‘richcession’
Luxury home sales slowed faster than lower-priced homes. Crypto, tech stocks and proptech values plummeted. Is the slowdown impacting wealthy buyers more?
The Strange Game of Chicken Happening Between Homebuyers and Sellers: Who Will Blink First?
Photo-Illustration by Realtor.com; Photos: Getty Images (2)
The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move.
Buyers have little incentive to lead the way. According to Freddie Mac, they’re battling high home prices and climbing mortgage rates, which rose to 6.32% for a 30-year fixed-rate mortgage in the week ending Feb. 16.
Meanwhile, home sellers—who, a mere year earlier, enjoyed packed open houses and bidding wars—are now battling to stand out from hordes of other sellers, as the pool of available homes soared 70% higher for the week ending Feb. 11 compared with the same period last year.
“The market’s abrupt adjustments over the last year have made it harder for all participants to determine their own boundaries, let alone figure out how to meet in the middle so that a transaction can take place,” says Realtor.com® Chief Economist Danielle Hale in her analysis of housing data for the week ending Feb.11.
New Black Knight integrations ‘close the loop’ on digital mortgages
Integration of Wolters Kluwer's eNote and eVault capabilities into Black Knight's digital closing solution, Expedite Close, eliminates the need for multiple vendors.
Christina Hall Reveals the One Thing Every Homeowner Should Have—in Case Disaster Strikes
On her new show, “Christina in the Country,” Tennessee transplant Christina Hall doesn’t limit her design talents to cosmetic overhauls like revamping kitchens. In some cases, she tackles rebuilding from the ground up.
In the episode “Undoing the Damage,” Hall meets clients Kasey and JT, who lost their house in a fire.
“Their house actually caught fire and they’ve been displaced for a year,” Christina tells her husband, Josh Hall.
Kasey and JT have been living with their two daughters in a 40-foot travel trailer ever since. They’re hoping Christina can rebuild their house so it’s better than ever.
Inman’s Top 5 stories of the week Feb. 10-16, 2023
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Feb. 10-16, 2023.
Mortgage Lenders Try To Lure Home Buyers With ‘Buy Now, Refinance Later’ and ‘Get the Seller’s Mortgage Rate.’ Will These Tactics Work?
Mortgage lenders went through a serious downturn last year, and many companies were forced to lay off staff in an effort to remain in business as interest rates jumped and buyers fled. Now the players are back and ready to fight for market share, trying out new promotions designed to attract home buyers.
Will these tactics work in boosting business? “If the economic backdrop is not favorable, we’ll see lower mortgage rates—but that may not be enough to spur lending activity,” Greg McBride, chief financial analyst at Bankrate, said.
“It’s not just a function of what happens with rates … if the economy is on a very weak footing, that’s going to temper demand among many would-be homebuyers,” he added.
‘Until we see improvements in affordability via lower home prices and mortgage rates, we expect home sales to remain muted in the coming months.’
Redfin opens up Redfin Premier luxury services to homebuyers
Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings.
