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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate mogul Ryan Serhant talks national housing market & NYC's skyrocketing rent pricesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ryan Serhant, Brian Sullivan, Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyan Serhant on NAR ruling: Greater transparency is important to bring our industry forwardRyan Serhant, Serhant CEO, joins 'Squawk Box' to discuss the recent legal settlement by the National Association of Realtors, what the ruling means for home sellers and realtors going forward, and more.
Persons: Ryan Serhant Organizations: National Association of Realtors, realtors
The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.
Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyan Serhant on housing market: Prices will stay high this springRyan Serhant, founder and CEO at Serhant, joins 'The Exchange' to discuss his new book, 'Brand it like Serhant,' the state of the real estate market, and more.
Persons: Ryan Serhant
A real-estate finance class he took during his senior year of college introduced him to the business side of real estate. Before, his definition of real estate was essentially, "the house that you live in," he told Insider. He subscribes to the " Real Estate Addicts " podcast hosted by two Boston-based investors, Ray Hurteau and Dan Rubin. As for his top book recommendation, it's " Sell It Like Serhant ," by real-estate broker, investor, and "Million Dollar Listing" star Ryan Serhant. In the book, Serhant describes this principle of having the most balls in the air as "a secret that gave me a huge advantage."
Persons: Ricky Beliveau, Beliveau, , Ray Hurteau, Dan Rubin, it's, Ryan Serhant, Serhant, you've, He's, I'd Organizations: Northeastern University, Volnay Locations: Boston, Volnay Capital
A shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader apartment sales and prices come under pressure from rising mortgage rates. Manhattan apartment sales fell 23% in the third quarter as rising interest rates squeezed potential buyers, according to new data from Douglas Elliman and Miller Samuel. Median and average sales prices remained flat, with the average price of a Manhattan apartment stalled at $1.96 million and the median price at $1.15 million. The inventory of luxury apartments for sale marked their lowest third quarter in five years. Median prices for luxury apartments have increased in three of the past four quarters, according to Miller Samuel.
Persons: Douglas Elliman, Miller Samuel, Jonathan Miller, Miller, Serhant Organizations: United Nations, Locations: New York, Manhattan
We talked to real estate pros to get their insight on whether now is the time to sell your house. If you're waiting for mortgage rates to fall before you sell, you're playing a potentially risky game. Should I sell now frequently asked questionsShould I sell my house now or wait until 2024? If you wait until 2024 to sell your house, it's possible that mortgage rates will be lower. Should you sell house when the market is high?
Persons: they're, Rachel King, Alec Cantley, Cantley, Mary Hall Mayer, Coldwell Banker Warburg, Mayer, you'll, they'll, Fannie Mae, it's Organizations: Service, Premier Sotheby's, Coldwell Banker Locations: Wall, Silicon, New York City, Asheville , North Carolina, Chevron
Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. The average sales price fell 5% to $1.95 million and the median sales price fell 10% to $1.075 million, according to the report. The average discount from the initial list price to sales price in the first quarter price was 7%, up from 5% in the fourth quarter, according to Serhant. Overall, cash deals rose to a record 57% of all sales in the quarter, Miller said. "It's not by any stretch a seller's market, but it's getting busier each month."
"Succession" is filled with instructional business tales – some about what to do and some about what not to do. To tease out key money lessons, we talked to a few leaders in the financial world about their best takeaways. “Someone once told me, ‘All money is green, but not all board members are the same.’ That stuck with me. Liz DavidsonFounder & CEO, Financial Finesse; Author, “Money Strong”Money lesson: Focus on financial independence so you can fulfill your true purpose“The purpose of money is to live your own purpose, but the Roy children are extremely tied financially to their father. You’ll see in Succession where they are compromising on talent by ignoring their paid experts in favor of family.
As for The One, it still holds the title of biggest modern US home. Given its auction, however, it obviously no longer has the record for the most expensive home for sale in the US. Cody Boone, SERHANT StudiosCurrently, that record belongs to a $250 million penthouse in New York City called The One Above All Else. At 1,416 feet above the city, the penthouse is also the world's tallest residence.
Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from Douglas Elliman and Miller Samuel. The average discount from initial list price to sales price was 6.5%, up from 4.1% in the third quarter, according to Serhant. Rising interest rates have also moved more Manhattan buyers into all-cash deals, which accounted for 55% of all sales in the fourth quarter, the highest on record, according to Miller. Median sale prices for luxury apartments — defined as the top 10% of the market — increased 4% in the fourth quarter, compared to a decline in the broader Manhattan market.
Fellow New York-based Douglas Elliman agent Lisa Simonsen also had a former career in fitness. As such, the agent who sold more than $100 million in 2022 makes sure she works out in her building's gym, usually on a spin bike, every morning. McKenzie RyanFormer Junior Olympian and real-estate wunderkind McKenzie Ryan used to compete on the national level in rhythmic gymnastics. Serhant gets a new SUV every year "just to update it," though he said he makes sure his car and clothes are never nicer than his clients'. The Douglas Elliman agent knows what she has to do to succeed: She was the top-selling agent in Miami in 2021 with $750 million in transactions.
LeBron James, the king of basketball courts, is one of the newest owners of a professional pickleball team. "When I started playing pickleball, I immediately connected with the sport's community and its capacity to be both fun and competitive," Carter told CNBC in an interview. "We had this immediate connection over their passion for playing pickleball, their passion for growing pro pickleball grassroots. Worcester said the demand for owning a pickleball team is high with more than 60 different groups expressing interest. "Yes, we would welcome LeBron or Draymond or Kevin Love to think about playing," Worcester said laughing.
Griffin's $100 million buy is more than double the 2019 record for Miami's priciest single-family home. A Golden Beach compound is on the market for $100 million — and is being marketed as a gut job. "Now $100 million seems to be the threshold that captures the public's imagination. While Miami's ultraluxury market thrives, its less-pricey sectors are beginning to normalize, Miller said. Douglas Elliman's South Florida market reports, which Miller compiles, point to a slowdown in new signed contracts, but that's in comparison with the supercharged market of 2021.
Inside the $250 million penthouse on 'Billionaires' Row'
  + stars: | 2022-09-23 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The three-story mega-home inside Central Park Tower, which spans more than 17,500 square feet, is the country's most expensive listing. The most expensive sale of the year in Manhattan so far is a $74 million penthouse of the new Aman New York condo. Some brokers say the $250 million asking price for Central Park Tower penthouse is unrealistic. Central Park Tower was built by Extell Development, the developer behind several of Manhattan's new super-towers. The Grand Salon at The Penthouse at Central Park Tower Source: Evan Joseph | Central Park TowerThe home has the highest terrace in the world, a glass-rimmed platform soaring 1,460 feet above Manhattan.
The reality-TV star rose to fame on "Million Dollar Listing New York" as an agent to the wealthy. It's a habit he's had since the early days of "Million Dollar Listing New York." It was heavy-weights day, Serhant said, working the entire back of his body. The call's over and Serhant heads into new-agent interviews. 8 p.m.Zena's asleep, so Serhant heads down to his home office and works on getting his inbox to zero for the day.
This week, we're taking you to Mount Everest, giving you a tour of Los Angeles' most expensive apartment, and showing you how high-end wineries are fighting back against scammers. As some have dove into their passion projects, other die-hard athletes are quitting their jobs to climb Mount Everest or hike the Appalachian Trail. Peter Dazeley/Getty ImagesExperts estimate that about 20% of wine sold worldwide is fake — so high-end wineries are going to great lengths to fend off new-age scammers. See how high-end wineries are fighting back against scammers. We spoke with O'Neill, who took us through her daily routine during fashion week, working 7 a.m. to midnight leading up to her show.
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