How to Calculate a Holiday Tip for the Doorman

Tipping is taken very seriously in New York City, but how to give depends on factors unique to you and your building.

‘MDL’ alum and ‘Buying Beverly Hills’ stars form ‘Bond Collective’

Given their current sales figures, the union between the teams is likely to launch them to become one of the top 10 mega teams in the U.S.

The Real Brokerage closes deal to acquire LemonBrew Lending

This year's acquisitions of LemonBrew Lending and Expetitle pave the way for the company to provide end-to-end services to homebuyers in many markets.

Tech Billionaire Jim Clark Downsizes Into a $12M Florida Mansion

Getty Images / Realtor.com

Entrepreneur Jim Clark has been busy with high-end Florida real estate deals this year.

After selling his sprawling Manalapan estate for $173 million in a record-setting deal in June, the tech billionaire bought a more modest mansion in Wellington for $12 million in September.

Clark began building his fortune decades ago as the founder of Netscape, WebMD, and Silicon Graphics. Forbes currently estimates his net worth at $2.9 billion.

And when it comes to spending his wealth, Clark enjoys yachting, expensive real estate, and funding start-ups.

Gemini
Wellington, FL
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Millions of Americans Are Squeezed by Rent: See How Your City Stacks Up

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

More than 4 in 10 renting households are “burdened” by how much they’re paying in rent each month.

These tenants are putting more than 30% of their income toward housing costs, according to a new housing data report from the U.S. Census Bureau. The general rule is that people shouldn’t spend more than 30% of their earnings, before taxes, on housing.

That’s become more difficult to do. Rents have risen rapidly in the past few years. Nationally, tenants are paying about 25% for their rentals from 2016 through 2021, according to census data. However, incomes have increased only about 11% over the same period. (The rental data goes through only to 2021.)

In Miami-Dade County, more than 60% of the 450,000-plus renting households are paying more than 30% of their income to cover their housing. Across the country, in 1 out of every 17 counties, more than half of the renters are burdened by housing costs.

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Get Away From It All — 5 Private Islands Available Right Now

Realtor.com

December might be the merriest month, but it can also be the most stressful. You have all the hustle and bustle of the holidays, plus the pressure of trying to get everything done by the end of the year.

Doesn’t your own private island sound ideal right now? An intimate place where you can kick back around the seaside fire pit, throw a line in the water, catch a fish, and be free from the stresses and strains of everyday life.

Just in time, we found five private islands that are on the market right now!

They’re located from the East Coast to the West Coast to the Southern coasts and at points in between. Who knows? The island life could be just what you need.






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‘Million Dollar Listing LA’: What to watch for on the ‘most dramatic’ season yet

We caught up with Josh Altman ahead of Thursday night’s premiere to dish on what makes this season the "most dramatic yet.” Here are a few things that make this season worth a watch.

If a Newly Elected Congressman Can’t Get an Apartment, What About Everyone Else?

Photo-Illustration by Realtor.com; Photos: Getty Images (4)

The first member of Generation Z to be elected to Congress has a very big problem: He can’t get an apartment.

Maxwell Frost, who will be representing the Orlando, FL, area, had his application for a Washington, DC, apartment denied due to his poor credit score. If an incoming member of Congress can’t secure housing, it doesn’t bode well for regular folks looking for places to live within their budgets.

“Just applied to an apartment in DC where I told the guy that my credit was really bad. He said I’d be fine. Got denied, lost the apartment, and the application fee,” the 25-year-old Frost tweeted on Thursday. “This ain’t meant for people who don’t already have money.”

Nationally, rents have been rising rapidly this year, forcing many tenants to double and triple out, downsize, or move farther out. Some renters have even undergone bidding wars to secure places to live as there are more renters competing for affordable units than there are units to go around.

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Christina Hall Is Back—With a New Husband, Home, and Season of ‘Christina on the Coast’

HGTV

Christina Hall has changed—a lot—since many of us last saw her on TV.

For one, she’s changed her last name from Haack to Hall so she can better match up with her new husband, Josh Hall. She’s also changed her town of residence from Newport to Dana Point, CA.

Yet amid all of these changes, this ever-evolving designer has managed to stick with her show “Christina on the Coast,” which has just premiered Season 5.

In the first episode, aptly titled “A New Outlook,” she shows off her new house and latest ideas for home design. And while everything looks amazing, there does appear to be one glaring flaw within Christina’s own home. Take a look at what that is, as well as the many very good ideas that you may want to borrow for your own place.

James can't get comfy on Hall's new sofa.
A sage green island in a new kitchen
Christina Hall discussing the railing spindles behind her
New railing
Rattan hanging lamps
Bar with floating shelves above
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Finally, Mortgage Rates and Home Prices Favor Buyers—but How Long Will This Christmas Miracle Last?

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

Christmas has arrived early for America’s homebuyers! And it’s not just one gift, but two that should make them giddy.

Gift No. 1: lower mortgage rates, which have been falling for the past four weeks.

“Housing data in the week that followed the Thanksgiving holiday showed that the recent dip in mortgage rates may already be having an impact,” explains Realtor.com® Chief Economist Danielle Hale in her weekly analysis.

Gift No. 2: Home price growth “slowed notably” for the week ending Dec. 3, according to Hale.


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Exits, Opendoor, market domination: Inman’s Top 5 stories of the week, Dec. 2-8, 2022

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Dec. 2-8, 2022.

Supply of homes tally record uptick as property lingers on the market

The number of homes on the market increased 15 percent year over year during the four weeks ending Dec. 4, while new listings declined by 20 percent, according to new data released Thursday by Redfin.

The Agency headed to Decentraland with launch of first metaverse office

The Agency Turks and Caicos' new office will be headquartered in Decentraland and developed in partnership with investment company MREIT. It marks the first metaverse office for The Agency.

RentSpree, C.A.R. to offer rental management courses for agents

RentSpree and the California Association of Realtors — the state's largest real estate trade group — are set to offer three classes to agents interested in earning a certificate in rental management.

Bright becomes first multiple listing service to hire a chief data officer

Thomas Morgan's appointment aims to "redefine what it means to be an MLS" and falls in line with other high-profile hires this year that are also at least somewhat unusual for an MLS.

40% of Americans eye a move, but many feel ‘priced out’ for now

Cost-of-living, cramped quarters and even politics are all top of mind for people considering a move in the coming years, a new Harris Poll reveals.

Zillow’s VRX acquisition reveals why the portal can’t be dismissed

Never on the defensive for too long, Zillow's strategy, Brad Inman writes, is to secure its position as the leading listing service and digitize everything — as the rest of the industry sputters.

Hamish Bowles Lists His High-Design Village Co-op for $2.9 Million

The longtime Vogue editor has moved to London, leaving behind a duplex that still has traces of his “objects of affection.”

Michelle Kwan Skates Away From Her L.A. Home, Listing It for Almost $3M

Getty Images / Realtor.com

Michelle Kwan is spinning in a new direction. The retired figure skater is now the U.S. ambassador to Belize.

Kwan has listed her three-bedroom, 2.5-bath home in Los Angeles for $2,899,000.

Kwan was a nine-time U.S. champion and five-time world champion. She won the hearts of many fans as she competed in two Olympics, earning silver and bronze.

After retiring from competitive skating, Kwan moved toward government service. Perhaps her new job in Central America means she has less time for sunny Los Angeles? Here’s a look at what she’s leaving behind.








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Zillow acquires VRX Media in big bid to bolster ShowingTime+

Zillow said VRX’s aerial drone photography, virtual staging, 3D tours and high-definition photography will enhance ShowingTime+, its home showing scheduling platform.

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