The reality TV stars along with 21 others are suing the city for its failure "to properly construct, inspect, maintain and operate its water supply system," which, they allege, led to the loss of their home in the Palisades fire.

At Inman Connect New York, Redfin's Joe Rath broke down the views of active agents in the industry, who make up less than a third of all Realtors.

A shortage of inventory remains a market obstacle. One 2024 estimate from Zillow found that the U.S. has a 4.5 million unit deficit. The latest housing report from Redfin also found a recent inventory high can be attributed to many homes sitting unsold. Though this is an issue felt on the national level, housing regulations…

The post How Different States Are Incentivizing Housing Construction appeared first on RISMedia.

Jeremy Hurewitz took the Inman Connect New York stage Friday to share key insights from the book designed to help real estate professionals grow their business. Sell Like a Spy draws upon lessons from elite government professionals, including the FBI, Secret Service, military and special forces.

US home sales in 2024 fell to the lowest level in nearly 30 years as prices, and mortgages, soar  Castanet.net

The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them at or near their lowest level since 1995, according to the January 2025 commentary from the Fannie Mae Economic and Strategic Research (ESR)…

The post Fannie Mae: Higher Mortgage Rates Likely to Keep Existing Home Sales Near Multi-Decade Lows appeared first on RISMedia.

Above: A force in real estate for over 40 years, Davis is on a mission to elevate an entire industry.  When Darryl Davis steps into the spotlight—whether on a conference stage for a client event, on one of his Monday Motivation coaching calls, or hosting his free Wednesday training sessions that are open to all…

The post Darryl Davis: Leading the Year of the Skilled Agent in 2025 appeared first on RISMedia.

US home sales in 2024 fell to the lowest level in nearly 30 years as prices, and mortgages, soar  MSN

In December, total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 2.2%, up from November’s rate of 4.15 million to 4.24 million.  Year-over-year, December’s sales increased 9.3%, the largest year-over-year gain since June 2021.  National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun commented that job and wage gains, along with increased…

The post Existing-Home Sales Up 2.2%, Strongest Since February 2024 appeared first on RISMedia.

2024 US home sales hit lowest level in nearly 30 years with ownership increasingly out of reach  The Associated Press

At Inman Connect New York, a group of VCs agreed that every new company wanting money needs a leader with the courage to bleed for their company.

The new CEO and chairman of Douglas Elliman made his debut on the Inman Connect New York stage on Friday, sharing his big ideas for how the brand plans to be an industry disrupter while maintaining its reputation as a leader in luxury.

At her first ICNY appearance, former HUD Acting Secretary Adrianne Todman talked about missed opportunities to improve inventory and why it's will — not funds — keeping the U.S. from solving the affordable housing crisis.

Abu Dhabi's Modon Holding enters London's prime property market with towers project  The National

During her first appearance at an Inman Connect event, Wright said she previously brought another entity back "from the brink of extinction and irrelevance" and will now do the same at NAR.

Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines.

US Housing Market Sees Worst Year for Sales Since 1995  Norada Real Estate Investments

London mansion formerly owned by Saudi royals sells for £139m  The Guardian

Clear Height Properties, Harbert US Real Estate acquire five-building industrial portfolio in Cincinnati  REjournals.com

Despite arguments about traffic, industry expert Mike DelPrete writes, the bottom line for the portal wars comes down to revenue.