Whether the business is being passed from one generation to another or a successor is rising through the ranks, it's important to have a plan in place for continuing the leadership of your business after you've retired. Michael Zaransky offers a gameplan for thinking through your process and priorities.

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Nov. 25 - Dec. 1, 2022.

Working with veterans may be different than working with other clients. But ultimately, our job as real estate professionals is to understand our clients and how to best serve them through one of the most significant purchases of their lives.

Rising rates and nervous consumers have set up the housing market for its "slowest fourth quarter in a decade," according to one economist.

Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and President Andrew Low Ah Kee has resigned.

Want to make sure your latest listing looks its best? Darryl Davis offers simple staging strategies to enhance every inch of that space.

After laying off workers in May, Tomo is in expansion mode again with launches in Maryland, New Jersey, Oregon, Pennsylvania, Virginia and Washington D.C.

The cuts are part of an effort to integrate Homes.com with Homesnap and come at the tail end of a year in which CoStar has moved aggressively into the residential real estate sector.

Realtor.com

A modern marvel positioned above Lake Michigan is making waves on the market.

Featured in the New York Times for its exceptional architectural design, the sleek showpiece is located in Northport, MI.

Two different families have occupied the home—which the listing refers to as “Evenfall”—since its 2017 construction.

The place last changed hands in 2020 for $1,050,000 ($60,000 less than the asking price). Just two years later, the new $1,895,000 listing price represents a considerable spike. But after 30 days on the market, the home has already found a buyer and is in contingent sale status.

Nationwide, home showing activity in October was down 27 percent year over year. In the West, the drop-off was nearly twice as steep.

Agents who sign on can access legal structuring and advisory services, a network of industry thought leaders, accountants, wealth managers and a variety of courses — including some by "Sell It Like Serhant."

Photo-Illustration by Realtor.com / Getty Images (2)

With Thanksgiving behind us and much Christmas merriment ahead, one might presume that home shoppers have shelved their house hunt until the new year. But no, the housing market is as hopping as ever—and even full of surprises of late.

“Housing data in the week that includes the Thanksgiving holiday show that the housing market continues to evolve, but not always as expected,” explains Realtor.com® Chief Economist Danielle Hale in her weekly analysis.

In our column “How’s the Housing Market This Week?” we’ll break down what’s happening with the latest real estate statistics, and what it means for homebuyers and sellers.

Home price growth ticked up

In November, home prices hovered at a national median of $417,000, down from June’s record high of $449,000. And although home prices have been growing by double digits year over year for 48 straight weeks, that growth has been tapering off.

Nine local brokerages will now share real-time anonymized buyer data and habits on the Buyer Graph platform, which enables agents and brokers to make quicker and more accurate pricing decisions.

Realtor.com

A vintage trailer resort—charmingly dubbed Flamingo Springs—in Prairie Grove, AR, is available for $1,890,000. The whimsical property grabbed the web’s attention and topped our list of Most Popular Homes.

In 2016, a young couple moved to the Natural State from California and purchased the 60-acre property for $167,500. The pair—who had previously built movie sets—dreamed of turning the land into an eclectic Palm Springs-inspired RV park. They had hoped to live and raise their family there.

“I helped my clients for a year and a half locate this piece of land,” says Rene Guin-Salazar, of Keller Williams Market Pro Realty, Bentonville. “It was their dream to build this.”

A change of plan

After they obtained the necessary approvals, the couple’s vision for Flamingo Springs began to take shape.

The listings giant predicts a surge of interest in Midwest markets and a new crop of first-time landlords among other items.

HGTV

Jonathan and Drew Scott know that home trends come and go, and the latest “Property Brothers: Forever Home” highlights just how ’80s a house can get.

In the episode “The Next Multigeneration,” the HGTV stars are called to remodel the El Segundo, CA, home that Nina grew up in. Her grandparents lived there; her mother, Chiqui, still lives there; and now, Nina and her husband, Nick, want to move in with their toddler twins. That’s four generations that have lived under the same roof since 1986, and many of the original features remain, dating the house big-time.

Nina, Nick, and Chiqui have given the property brothers a generous budget of $220,000 to redo the kitchen, dining room, family room, and living room. And they all need major work. Here are a few dated features they fix—and some clever tips you might be tempted to try in your own abode.

Do away with dated mirrored walls

HGTV

Good News and Bad News

As usual, how things are going in the real estate market depends a lot on your point of view, and individual goals. One thing that stands out this year is that according to the Wall Street Journal, we’ve had the biggest yearly decline of mortgage applications on record. From a cutthroat spring to dramatic mortgage rate hikes, and the subsequent decline in real estate sales, it’s no wonder there’s been such a dip in activity over the course of the year. In October, metro Denver sales were down by 40% from October of last year! Although, it’s not all doom and gloom. In fact, at the same time this W.S.J. headline came out about the dramatic decline in mortgage applications, mortgage rates went down by half a percentage point in the same week. The reason? News came out that inflation may have finally hit its peak and seems to be on the decline now!

Give your real estate business an immunity boost with marketing advice and strategies from top digital creators at Inman Connect New York Jan. 24-26, 2023.

If you’re serious about growing your business, this plan is for you. Jimmy Burgess goes over seven different activities, with a specific number of repetitions for each activity, that will produce results in any market environment.

Getty Images / Realtor.com

Working up a sweat has been good business for Kevin Plank, founder of the sportswear company Under Armour.

As chairman of the business he founded in 1996, Plank has worked his way up from selling wick-away shirts in his grandmother’s basement to achieving a net worth exceeding $1 billion.

Along the way, the 50-year-old picked up some ritzy real estate in Park City, UT, which he’s now ready to trade to anyone who has $21,500,000.

Majestic in location and massive in scale, this five-bedroom, 6.5-bath mansion offers nearly 6,900 square feet of living space designed for members of the jet set who love to schuss.