The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers' budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics.
5 can’t-miss sessions at Inman Connect New York
Join us in person or virtually to learn from the best strategists, visionaries and agents in the game Jan. 24 through 26.
Lessen gets bigger, acquires industry counterpart SMS Assist
Lessen, a company that builds software to support the business operations of single-family rental investors and multifamily landlords has acquired SMS Assist, a facilities maintenance technology company.
This is the year when ‘agents have to go deep’: BHGRE’s Barry Jenkins
Barry Jenkins, Better Homes and Gardens Native American Group chief marketing officer, sat down with Inman ahead of his appearance at Inman Connect New York.
Finding the Harlem Apartment She Always Wanted: Which One Was It?
Two decades of living below her means and socking away money paid off when a longtime Harlem renter went looking for the right one-bedroom. But first she had to figure out what the right one-bedroom looked like.
Actor Peter Gallagher Is Listing His L.A. Home Once More, This Time for $5M
The star of “The O.C.” and “Grace and Frankie” is once again looking to part ways with his pretty home in Los Angeles.
In 2016, Peter Gallagher decided on a price tag of $6 million for his six-bedroom, 4.5-bath home in Brentwood. He reduced the price to $5,250,000 that same year, to no avail. It’s now back on the market for $4,999,000.
The gated, 5,225-square-foot house sits on a half-acre parcel in a gated community. It features gorgeous landscaping by designer Jay Griffith.
Beautifully weathered and rustic, the home is hidden among lush palm trees and grasses.
Billionaire fashion mogul Tom Ford buys $51M mansion in Palm Beach
The founder and CEO of Tom Ford International bought the property after agreeing to sell his fashion label to Estée Lauder back in November, according to new reports.
Homes for Sale in Manhattan and Brooklyn
This week’s properties are in NoMad, Washington Heights and Sheepshead Bay.
Homes for Sale in New York and Connecticut
This week’s homes are in Garden City, N.Y., and Old Greenwich, Conn.
Renting Rather Than Buying? Here’s Where You’ll Save the Most.
Although renting is still cheaper than paying a mortgage in most U.S. metro areas, the gap between the two is fluctuating.
Christie’s strikes up new partnership with an old U.K. firm
Carter Jonas, a firm founded in 1855 with 34 offices throughout the country, will now become Christie's exclusive affiliate in the United Kingdom.
5 of the Best Home Organizing Apps, According to Experts
Whether you’re looking to declutter a closet or do a whole room overhaul, organizing around the home can feel like a mammoth task. Thankfully, there are a number of home organization apps that can help make the job easier.
“The key to benefiting from using home organization apps is to commit to regularly updating them,” says Lauren Saltman, professional organizer and owner of Living Simplified in Newfields, NH.
For example, if you make changes to your wardrobe or go food shopping, be sure to update the app.
Being diligent and committing to using these apps can help you become more organized and less wasteful. The following apps are expert-approved and sure to help you reach your organization goals quicker—whether that means sorting out your closet, pantry, or time.
Home Price Growth Is Cooling Fast—Does It Spell a Big Break for Homebuyers This Year?
December brought good tidings to homebuyers in the real estate market.
Nationally, median home list prices dropped about 11% from their peak over the summer to hit $400,000 in December, according to a recent Realtor.com® report. While prices were still up by about 8.4% year over year in December, this was the first time in a year that they rose by only single digits.
In another holiday gift for home shoppers, the number of properties for sale nationally shot up more than 50% compared with a year ago. And homes are sitting on the market for longer, giving buyers an opportunity to think about whether this is the right home for them instead of having to put in an offer on the spot.
Mortgage interest rates even dipped from over 7% to the 6% range last month. Rising rates were responsible for cooling off the housing market, as many buyers couldn’t afford the higher monthly payments on a home after rates more than doubled over the course of 2022.
Inman unveils inaugural 2023 Power Players awards
With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards.
Selling Houses While Black
About 6 percent of real estate agents and brokers in the United States are Black. Their white peers make almost three times as much, according to data and surveys.
Finding the Harlem Apartment She Always Wanted: Which One Was It?
Two decades of living below her means and socking away money paid off when a longtime Harlem renter went looking for the right one-bedroom. But first she had to figure out what the right one-bedroom looked like.
What agents want in team culture (Hint: It’s not Top Golf and Taco Tuesdays)
The culture at your brokerage is key to retaining your team during this downturn. Livian CEO Adam Hergenrother says leadership needs to focus on production tools, not snacks and outings.
The numbers you need to nurture buyers and sellers through a shift
When your clients are seeing doom-and-gloom headlines, it's important to be able to crunch the numbers and give them the facts.
It’s time to take millennial homebuyers seriously. Here’s how to win them over
Expert Luke Babich shares his best advice for agents who are looking to build relationships with millennial homebuyers. Your marketing messages should be different for each audience, and these tips should help you connect quickly for optimal results with this tech-savvy generation.
Foreclosure activity doubled in 2022 but remains historically low
While the nation continues moving away from the pandemic-era lows, it's doing so very slowly and well below rates seen during the Great Recession.