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☆ Douglas Elliman's Noble Black explores the impact of rate cuts on housing
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDouglas Elliman's Noble Black explores the impact of rate cuts on housingNoble Black, Douglas Elliman real estate agent, joins 'Power Lunch' to discuss how the Fed's latest rate cut will impact the housing market, how new buyers are paying, and much more.

Persons: Douglas Elliman's Noble Black, Noble Black, Douglas

☆ How real estate's Alexander brothers got away with decades of alleged sexual assault: 'They are a menace.'
▼ + stars: | 2024-09-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +34 min

Even as teenagers, the three Alexander brothers were notorious for being predatory, according to multiple people who knew them at the time. AdvertisementHofeldt said she'd seen the Alexander brothers around at parties before she met them during the 2003-2004 school year. Several months after the assault, Hofeldt invited the brothers' friend Julian Cohen to her house in the middle of the night. Oren Alexander and Howard Lorber at a party at Sir Ivan's Castle in the Hamptons in July 2011. The Alexander brothers have been accused by multiple people of assaulting women in tandem on numerous occasions.

Persons: she'd, Oren, Alon Alexander, Alon, —, Aaron Davidson, Alexander, Tal, Douglas Elliman, Kate Whiteman, Rebecca Mandel, Whiteman, Mandel, Angelica Parker, Renée Willett, Evan Torgan, Hunter Abrams, James, Shlomy, Orly, Michael M, Abby Hofeldt, choo, Rae Rae, Hofeldt, clotheslined, Gavin, they'd, Hofeldt's, Margo Hofeldt, Abby, Julian Cohen, Felix Cohen, Shlomy Alexander, Elliman, Douglas, Howard Lorber, Lorber, Oren Alexander, Steven Henry, Sir Ivan, Howard, Howard's, Oren's, James Ferraro, Ferraro, Ken Griffin, Bart's, Dina Goldentayer, Sean Zanni, Patrick McMullan, Barbara Fox, Beckford, Fox, Douglas Elliman's Erik Schneider, Jeff Miller, Brown Harris Stevens, Ken Griffin's, Griffin, Tal didn't, Douglas Elliman's, Gary Hershorn, Tal masturbated, texted Oren, Oren didn't, hadn't, Justin Ross Lee, he'd, Scott Roth, Lee, Matthew Peyton, Beth, Alon messaged Beth, Instagram, Beth messaged Alon, Beth Beth's, Floyd Mayweather Jr, Conor McGregor, Michael Stern, Stern, Mayweather, McGregor, Marc Patrick, what's, Sara Militello, Nicole Oge, Deanna Paul, Daniel Geiger Organizations: East Hampton, Business, Getty, Deal, FBI, Street Journal, Kent Security, Krop, High School, North Miami Beach, Miami Country Day, Miami Country Day School, Bacardi, University of Colorado, University of Maryland, Hofstra University, Sir, Hamptons, Manhattan, Forbes, Miami Beach, Douglas Elliman's, Real, New York Fashion, Art Basel, Vogue, Bath Club Estates, New York, Fox Residential, Board, New, Faena, Street, BI, Miami Herald, Tal, Peaceman Productions, UFC, Las Vegas, JDS, Brooklyn Tower, Stern of JDS, New York Post Locations: Long, Florida, Soho, Las Vegas, New York City, New York, Miami, South Florida, Orly Alexander, Israel, North Miami, Krop, Aventura, Hofeldt, Boulder, Sir Ivan's, Manhattan, Dominican Republic, Malibu, St, Brazilian, Elliman, Bath, New, Corcoran, Southampton, Water, East Hampton, Instagram, Teterboro , New Jersey, Las, Vegas, Teterboro, Brooklyn, what's

☆ The guy who sold his Miami mansion to Jeff Bezos for $79 million is really angry he didn't charge more for it
▼ + stars: | 2024-09-11 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Read previewLeo Kryss sold Jeff Bezos a $79 million Miami mansion. Kryss, the cofounder of Brazilian toy company Tectoy, had listed his seven-bedroom mansion on Indian Creek Island, Miami, for $85 million in May 2023, Business Insider previously reported. After Kryss sold his mansion for $79 million — $6 million below its list price — he learned that the buyer was, in fact, connected to Bezos. Kryss is suing Douglas Elliman, which received a commission of over $3 million for handling the property sale. Bezos owns three properties on the island, with the latest purchased in April for $90 million.

Persons: —, Leo Kryss, Jeff Bezos, Kryss, Bezos, Jay Parker, Douglas Elliman, Douglas Elliman's Parker, Benny Klepach, Celine, Celine Klepach, Danny Hertzberg, Tom Brady, Jared Kushner Organizations: Service, Wall, Business, Wall Street Journal, Miami, Elliman, Coldwell Banker, Zillow, BI Locations: Miami, Florida, Dade County, Indian, Biscayne

The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% a week ago, the lowest mortgage rates have been in 15 months, according to Freddie Mac. "I bought a house when [the mortgage rate] was 15% and then I refinanced." "No bank is ever going to give you a true no closing cost loan at the lowest possible rate. And buying with the goal of refinancing is always taking a gamble on mortgage rates, which comes with a certain amount of risk. Even though recent declines in mortgage rates may gain steam as the Fed lowers its benchmark rate, lower mortgage rates could also boost homebuying demand, which would push prices higher.

Persons: Freddie Mac, Jacob Channel, Dottie Herman, Douglas Elliman, I've, Melissa Cohn, William Raveis, Banks, Cohn, Keith Gumbinger, Michael Krowe, Krowe Organizations: Brigade, Getty, Federal, LendingTree, Fed, William Raveis Mortgage, HSH.com, Edelman Locations: New York

☆ Luxury real estate buyers will return to the market post-election, says Douglas Elliman's Noble Black
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLuxury real estate buyers will return to the market post-election, says Douglas Elliman's Noble BlackNoble Black, Douglas Elliman real estate agent, joins 'Power Lunch' to discuss the luxury real estate market and the impact of the election on it.

Persons: Douglas Elliman's Noble Black Noble Black, Douglas

☆ Sales of $100 million homes set to double this year as trophy properties recover
▼ + stars: | 2024-07-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.

Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California

☆ These Brothers Were Real Estate Hotshots. And Predators, Some Women Say.
▼ + stars: | 2024-07-24 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

With a knack for brokering luxury properties, Tal and Oren Alexander, brothers who worked as real estate agents, rose as high as the New York City penthouses they sold. They built an image as jet-setting bachelors, filling their social media feeds with photos from Wimbledon, Art Basel and the beach in Mykonos. Their traditional good looks and magnetism attracted ultrarich clients who propelled the brothers past thousands of other agents to the very top of the ranks at Douglas Elliman, one of the largest real estate brokerages in the country. But as the brothers partied and sold co-ops and condos from Manhattan to Miami, they were quietly earning another reputation: Accusations that they drugged and sexually assaulted women were spreading throughout the world of high-end real estate. By 2022, they had co-founded their own real estate brokerage, Official.

Persons: Tal, Oren Alexander, Douglas Elliman, Oren Organizations: New, Art, Douglas Locations: New York City, Wimbledon, Art Basel, Mykonos, Manhattan, Miami, United States

☆ These apartments go for more than $100,000 a month. Why the superrich are deciding to rent rather than buy.
▼ + stars: | 2024-07-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

AdvertisementIn doing so, they have etched out a new niche at the most rarefied heights of the residential market, in part by persuading buyers who might have lavished millions of dollars – or more – to rent instead. Rental projects, on the other hand, while less lucrative upfront, offer more stability for owners with a long time horizon. It recently reconsidered the plan based on the success of the building's rentals, Aries said, and is now offering the penthouse unit for rent. A guest room at a Maison Hudson luxury apartment Kira Turnbull for The CollectionBased on the success of Maison Hudson, Wainbridge is planning identical projects in Los Angeles and Miami Beach, according to Oudinot. Advertisement"The demand is thin and high and very volatile" at the top of the residential market, according to Nancy Packes, a real estate advisor and broker.

Persons: —, Ken Griffin, –, Maison, Tyrone McKillen, McKillen, Maison Hudson, Kira Turnbull, Jay, Beyonce, Erin Boisson Aries, Douglas Elliman, Aries, Maison Hudson Kira Turnbull, Maison Hudson's, Mikhail Kurnev, Kurnev, Jacques Oudinot, Barths, Oudinot, Wainbridge, Nancy Packes Organizations: Service, Business, Maison Hudson, Bel Air, Wainbridge, Miami Locations: Manhattan, West, Los Angeles, Maison, London, Fasano, Paris, Saint, St, Maison Hudson, Miami Beach

☆ A rare and massive ranch near Aspen is for sale for $150 million — but there's a catch. Take a look.
▼ + stars: | 2024-07-17 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

Read previewA 3,720-acre ranch in Snowmass, Colorado — a ski town 15 miles north of Aspen — is on the market for $150 million. This story is available exclusively to Business Insider subscribers. Somebody will sit there and go, 'Wow, there's nothing like this,'" Mirr told Business Insider. AdvertisementMirr, of Mirr Ranch Group, shares the listing with Michael Latousek of Douglas Elliman. But Pitkon County, where Snowmass and Aspen are located, won't let large developments be built without scrutiny.

Persons: —, Ken Mirr, Mirr, Michael Latousek, Douglas Elliman, Thomas Keating, Benedict's, Thomas Peterffy, Steve Wynn Organizations: Service, Business, Mirr Ranch, Conference, Aspen Institute, Aspen Ideas, Street Locations: Snowmass , Colorado, Aspen —, Benedict's, Pitkon County, Aspen

☆ A look inside a $60 million Florida mansion with subterranean secrets and Italian flair
▼ + stars: | 2024-07-12 | by ( Ray Parisi | ) www.cnbc.com time to read: +1 min

Go inside a $60 million oceanfront mansion in Delray Beach, Florida with old-school Italian flair above ground and hidden personality down below. Beneath the mega home is a subterranean lair packed with modern luxuries including a super car gallery, glowing tequila bar and a steel vault packed with piles of cash. The over 23,000 sq ft estate is called Mar Pietra, which is Italian for sea stone. The climate-controlled subterranean car gallery adds 4,000+ more square feet, with even more space added via covered areas like a luxurious loggia that houses another kitchen, bar, lounge and dining area. Special thanks to Josh Yeo at Make.Art.Now for his camera work and to Legendary Productions for additional footage.

Persons: CNBC's Ray Parisi, Senada, Douglas Elliman, Josh Yeo, Daniel Petroni Organizations: CNBC, Legendary Productions Locations: Delray Beach , Florida, Italian, Make.Art.Now

☆ Tour $60 million mansion in Delray Beach, Florida
▼ + stars: | 2024-07-12 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel PetroniThe trophy home's massive footprint and its giant oceanfront lawn are a rare sight on this strip of beach in Palm Beach County. While the estate has been on and off the market since December 2021, its $60 million price tag holds steady. Daniel PetroniThe home's driveway passes through a grand archway called a porte-cochere that leads to a circular motor court. Daniel PetroniThe home's so-called auto lounge is an underground garage adorned with giant crystal chandeliers, ornate ceilings and parking for seven cars.

Persons: Daniel Petroni, Massimo Musa, Musa, Senada, Douglas Elliman, Adzem, Pietra, Mar Pietra, Mar, Daniel Petroni Musa, Vanderbilt, Daniel Petroni Mar Organizations: CNBC, Sunrise, Delray, South, Palm, Mar, Vehicles, Vizcaya Museum, Gardens Locations: Delray Beach , Florida, Italian, Florence, Italy, Yucatan, Verona, Colombia, Delray Beach, Rome, Palm Beach County, Intracoastal, South Florida, Highland Beach, Mar, Florida, intracoastal, Miami

☆ Manhattan is now a 'buyer's market' as real estate prices fall and inventory rises
▼ + stars: | 2024-07-02 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

Manhattan is becoming a buyer's market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel. The median price fell 2% to $1.2 million, and prices for luxury apartments fell for the first time in more than a year, according to the report. The falling prices and rising number of unsold apartments in Manhattan stand in contrast to the national real estate landscape, where continued tight supply continues to keep prices high. Brokers and real estate analysts say the strong prices in Manhattan post-Covid became unsustainable, and both buyers and sellers are finally capitulating to a higher interest rate environment.

Persons: Douglas Elliman, Miller Samuel, Jonathan Miller, Brown Harris Stevens Locations: Manhattan, New York City

☆ Tal Alexander announces he will step away from his brokerage firm amid rape allegation
▼ + stars: | 2024-06-25 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +4 min

AdvertisementThe announcement caps a dizzying fall from the pinnacle of the residential real estate business for both Tal and his brokerage partner and brother Oren Alexander amid sordid allegations. Tal and Oren spent more than a decade at the brokerage firm Douglas Elliman, establishing themselves as big-name sellers of ultra-pricey homes. In 2022, the pair broke off from Elliman and cofounded Official Partners, a firm that focuses exclusively on the uppermost tier of the residential sales market. She also said that the decision to step aside was mutually made by Tal and Official. "Given the salacious nature of this false allegation and impact on Official, Tal and his partners have decided he will take a leave from the company," Deanna Paul, the attorney, said.

Persons: —, Tal Alexander, America's, Alexander, Deanna Paul, Tal, Paul, Oren Alexander, Oren, Douglas Elliman, Ken Griffin, Alon Alexander, Alon, Nicole Oge, Oge, Angelica Parker Organizations: Service, Business, Partners Locations: New York, Manhattan, Elliman, New York State

☆ Woman accuses luxury real estate broker Tal Alexander and his brother of raping her while their third brother watched
▼ + stars: | 2024-06-18 | by ( Daniel Geiger | Katie Warren | ) www.businessinsider.com time to read: +4 min

Read previewA woman has accused star real estate broker Tal Alexander and his brother Alon of raping her at a Manhattan apartment in 2012. Earlier this year, two other women filed separate lawsuits accusing Alon and a third brother, Oren Alexander, of rape. Tal and Oren Alexander cofounded the luxury real-estate brokerage Official. An attorney for Tal Alexander did not immediately return an email Tuesday seeking comment on the allegation. They also developed a reputation in the brokerage business for their aggressive approach in courting wealthy clientele and elbowing other brokers out of transactions.

Persons: —, Tal Alexander, Alon, Oren Alexander, Angelica Parker, Tal, Oren, Parker, vaginally, Sean Zanni, Patrick McMullan, Isabelle Kirshner, Kirshner, Michael Willemin, Angelica, Willemin, Douglas Elliman, Rebecca Mandel, Kate Whiteman, Evan Torgan, Mandel, Whiteman, everyone's, they'll, it'll Organizations: Service, Business, Partners, Hamptons Locations: Manhattan, New York, SoHo, NY

☆ 'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
▼ + stars: | 2024-05-17 | by ( Robert Frank | ) www.cnbc.com time to read: +6 min

While public auction sales are declining in the art world, private sales — done behind closed doors between discreet buyers and sellers — are growing. Classic cars are also seeing a shift to private sales, especially with the most expensive and rare models. But its newly formed RM Sotheby's private sales division has seen its sales more than quadruple over the past four years, according to Shelby Myers, global head of private sales for RM Sotheby's. The rise in private sales for classic cars, art, real estate and other markets is being driven by social media, technology and cooling prices for collectibles. "They're leaving money on the table," said real estate broker Noble Black of Douglas Elliman.

Persons: Robert Frank, Phillips, Christie's, Mark Rothko, Ken Griffin, Ferraris, Shelby Myers, We've, Myers, Patrick Dovigi's, Steve Wynn, Thomas Peterffy —, Douglas, Ernie Carswell, Carswell, He's, Noble Black, Douglas Elliman Organizations: Christie's, CNBC, Sotheby's, Hamptons, Malibu , Bel Air, Beverly Locations: Sotheby's, Christie's, Manhattan, Malibu, Aspen, Palm, Manhattan's Greenwich, Palm Beach, Los Angeles, New York, Eastern, Palm Springs, Malibu ,

☆ What to know before you buy a house overseas — and 3 steps to smooth the process
▼ + stars: | 2024-05-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

But it's not a decision one should make on whim; multiple factors can easily complicate the process, experts say. But in most cases, the U.S. buyer will need to open a bank account in the country they're buying real estate. 'Understand what your needs are'It will be important for you to "understand what your needs are," Boisson Aries said. "Buying these direct properties for that purpose is something that comes with far more risks than people realize," he said. And if you do decide to use the property for rental or commercial use, you may have additional tax burdens in that country, Boudreaux said.

Persons: Jude Boudreaux, it's, Boudreaux, Bojan Mujcin, Mujcin, Erin Boisson Aries, Douglas Elliman, Boisson Aries Organizations: Planning, Coldwell, CNBC, Sotheby's Locations: New Orleans, U.S, Barcelona, Costa Brava, Spain

☆ Tour: $24M mansion in Delray Beach, palm trees NOT included
▼ + stars: | 2024-03-04 | by ( Ray Parisi | ) www.cnbc.com time to read: +1 min

This 11,500 sq ft residence sits inside one of the most expensive gated communities in Delray Beach, Florida. Interestingly, this Palm Beach County home does not include a single palm tree. Sales of luxury homes in Delray Beach have seen a dramatic rise in price over the past five years with the average price per square foot more than doubling. CNBC's Ray Parisi takes an exclusive tour with luxury real estate broker Senada Adzem of Douglas Elliman. For a deeper dive into Villa Ananda and the dramatic rise in Delray Beach's luxury real estate market click on this link to check out Ray's article.

Persons: Villa Ananda, CNBC's Ray Parisi, Senada, Douglas Elliman, Daniel Petroni Organizations: Ananda Locations: Delray Beach , Florida, Beach, Florida, Delray Beach, Delray

☆ Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled
▼ + stars: | 2024-03-04 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

watch nowThe owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. Over the past five years, the Delray Beach market has more than flourished — it has skyrocketed. "But Delray Beach is, without question, one of the region's premier luxury residential markets." An aerial view of the Rockybrook Estate in Delray Beach, Florida. Here's a look inside the 6 bedroom, 10 bathroom Villa Ananda:Aerial view of 9303 Hawk Shadow Lane in Delray Beach.

Persons: Villa Ananda, Daniel Petroni, Senada Adzem, Villa, Adzem, Steve Cohen, Khalil Mack, Gerry Smith, Romeo Santos, Antonio Neri, Neri, Rockybrook, Douglas Elliman, Krent Wieland, Inson Dubois, Liaigre Organizations: CNBC, Miami, Palm, National Football League, Hewlett Packard Enterprise, Adzem, HP Enterprise Locations: Florida, Delray Beach , Florida, Delray Beach, Manhattan , New York, Miami, Delray, Stone, South Florida, Italy's, Adzem

☆ One-quarter of America's ultra-rich plan to buy a home this year: Douglas Elliman report
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne-quarter of America's ultra-rich plan to buy a home this year: Douglas Elliman reportDouglas Elliman CEO Scot Durkin and CNBC's Robert Frank join 'The Exchange' to discuss trends in luxury real estate, how the luxury market changed since the Covid-19 pandemic and more.

Persons: Douglas, Scot Durkin, Robert Frank

☆ The hottest housing markets for the super rich in 2024
▼ + stars: | 2024-02-28 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

While luxury real estate has been buffeted by many of the same pressures as the rest of the market — low supply, slow sales, rising prices — the ultra-high-end has fared slightly better. With interest rates stabilizing and possibly falling this year, real estate experts say there are early signs that luxury supply may be growing, which could lead to more sales. The report forecasts that the best-performing U.S. luxury market this year for price growth will be Miami, with an expected increase of 4%, according to the report. New York ranked second in the U.S., with expected price growth of 2%, followed by Los Angeles with 1% growth. Globally, the top market for luxury real estate is expected to be Auckland, New Zealand, with projected price growth of 10% in 2024.

Persons: Douglas Elliman, Frank Wealth, Robert Frank, Liam Bailey, Knight Frank Organizations: Miami, New York Locations: U.S, Los Angeles, Auckland, New Zealand, Mumbai, Dubai, Madrid, Sydney, Stockholm

☆ Elliott Erwitt’s Co-op and Photo Studio Are Listed on Central Park West
▼ + stars: | 2024-02-21 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

Elliott Erwitt had already gained worldwide renown for his memorable photographs of the famous and whimsical when he settled into his grand apartment at 88 Central Park West in the late 1960s. His home, on the eighth floor of the 12-story Brentmore co-op, at the corner of West 69th Street, cost around $75,000 at the time, according to one of his six children, Jennifer Erwitt. Image Elliott Erwitt photographed numerous celebrities, political leaders and other luminaries during his long career, but he was often celebrated for his witty and moving snapshots of people from all walks of life. Credit... Rick SmolanWith Mr. Erwitt’s death last November at age 95, both properties are now being sold by his estate. The asking price for the residence is $11.5 million, with $11,428 in monthly maintenance, and the studio is $2.3 million and $8,380 in maintenance, according to the listing broker, Ann Cutbill Lenane of Douglas Elliman Real Estate.

Persons: Elliott Erwitt, Jennifer Erwitt, ”, “, Rick Smolan, Erwitt’s, Ann Cutbill Lenane, Douglas Organizations: Park West Locations: West, Douglas Elliman Real

☆ Al Capone's Miami property is on the market for $23.9 million — but the house itself is gone
▼ + stars: | 2024-02-16 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

A 30,000-square-foot lot is for sale on Miami's exclusive Palm Island for $23.9 million. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And now the land where his final home stood on Miami's exclusive Palm Island is for sale for a cool $23.9 million. Become Legendary/Dina GoldentayerThe property, which is listed by Douglas Elliman agent Dina Goldentayer, has 100 feet of water frontage and a view of downtown Miami. According to the listing, a house up to 15,000 square feet can be built on the property.

Persons: Al Capone, —, Dina Goldentayer, Douglas, Todd Glaser, Al, Capone, Mae Coughlin, Shaquille O'Neal, Gloria Estefan, Nick Nolte, Ana Gabriel Organizations: Service, Miami Herald, Miami Beach, Herald, Bettmann, Getty Locations: Miami, Al Capone's Miami, Palm

☆ Rent is unaffordable for over half of US tenants, but the cost is cooling
▼ + stars: | 2024-01-30 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

The median asking rent was $1,713, which was down $4 from November and down $63 from the July 2022 peak. However, median rent is still $309 higher than the same time in 2019, before the pandemic. What’s more, 12 million of those renters are severely cost burdened, which means they are paying more than half of their income on housing. Following changes in housing needs during the pandemic and an already existing low supply of multifamily housing in some markets, rents surged in 2021 and 2022. Without continued new supply in addition to enhanced rental support, the Harvard report concludes affordability will remain a critical concern for many renters.

Persons: Chris Herbert, ”, Whitney Airgood, Douglas Elliman, Miller Samuel Real, “, Anthemos Georgiades, ” Georgiades Organizations: DC CNN, Harvard University’s, for Housing Studies, Harvard Joint Center for Housing Studies, Harvard, Census Bureau, Builders, National Association of Home Builders, Baby Boomers Locations: Washington, United States, Manhattan

☆ Luxury real estate will be a slightly better story than in 2023, says Douglas Elliman's Noble Black
▼ + stars: | 2024-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLuxury real estate will be a slightly better story than in 2023, says Douglas Elliman's Noble BlackCNBC's Robert Frank and Noble Black, real estate broker at Douglas Elliman, join 'Power Lunch' to discuss the luxury real estate trends in Q4 of 2023 and their outlook for 2024.

Persons: Douglas Elliman's Noble Black CNBC's Robert Frank, Noble Black, Douglas Elliman Organizations: Douglas

☆ Fake Guns and 500-Pound Boars: The Strangest Things Home Sellers Have Left Behind
▼ + stars: | 2023-11-24 | by ( Robyn A. Friedman | ) www.wsj.com time to read: +3 min

Q: What’s the strangest thing a seller has ever left behind after closing? In 2014, I was working with some buyers who wanted to live on a working farmoff the grid. The sellers had 16 horses, 25 chickens, threegoats, a huge potbellied pig and a Russian boar named Kevin. Aswe got closer to closing, the sellers were panicking because Kevin had escapedhis pen and was running loose on the property. We didn’t learn it wasn’t real until I called the sellers to tell them they left something behind.

Persons: Mary Aronoff, Douglas, Kevin, —, Abby Nelson, Realty, ‘, ’ Organizations: Cleveland National Locations: San Diego, Calif, Descanso, Russian, Fla, Florida

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