Tesla founder Elon Musk is on track to become the first trillionaire in history after his company’s shareholders approved a groundbreaking $1 trillion pay package for the CEO—who is already the richest person on the planet. The historic rewards program was first proposed by the board of Musk’s Texas-based company in September, when Tesla’s investors … Read more
Modern mansions often provide all the glitz and glamour of a Hollywood movie set—but one extraordinary Georgia residence goes beyond the mere illusion of A-list allure, offering an incredible film legacy in addition to rare architectural renown. The property, which is located in Atlanta and is on the market for $5.25 million, was completed in … Read more
The owners of a stunning five-bedroom Nantucket, MA, home worth $5 million want to give it away for free. The catch? You have to move it off their property in the next 180 days. It’s being done during what’s known as “house moving” season, which runs from Sept. 15 to June 15—a common practice on … Read more
Homebuyers’ earning power plays a major role in what they can afford—and depending on the region of the country they live in, the amount they make will factor into how much home they can buy. The U.S. Bureau of Labor Statistics compiled the average hourly earnings by state—figures that directly influence housing markets nationwide. “Affordability … Read more
Donald Trump Jr.‘s former fiancee, Kimberly Guilfoyle, has hit the ground running after touching down in her new home of Greece—revealing to Greek President Konstantinos Tasoulas that she is already on the lookout for a “new husband.” Guilfoyle, 56, who was appointed as the U.S. ambassador to Greece by her former future father in law, … Read more
Social media sensation Olivia Dunne has reportedly picked up a $1.95 million penthouse in New York City’s trendy West Village—months after being rejected from buying baseball legend Babe Ruth‘s former apartment by the building’s co-op board. The Sports Illustrated Swimsuit model—who boasts 8 million followers on video-sharing platform TikTok—rose to online stardom as a New Jersey high … Read more
After the pandemic ignited a surge in new-to-market tenants from states such as New York and California to South Florida, Donna Abood believed that the spike would eventually subside. “When we got up to this pinnacle, we thought, ‘OK, we’re gonna plateau,’” Abood, vice chairman and co-head for Savills Florida, recalled while on the main … Read more
Michael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum. Both CEOs took jabs at the proposed deal that would turn the combined companies into a … Read more
Home prices fell annually in 23% of markets last quarter, but price growth remained strong in the Northeast and Midwest, according to new data from the National Association of Realtors®. Median sales prices for existing single-family homes declined on an annual basis in 51 metro areas out of the 230 tracked, while rising in 176 … Read more
South Florida’s office market experienced an uptick in investment sales over the past year, marking a comeback after a slowdown. Yet, distress and discounted deals are lingering, as elevated interest rates and other economic headwinds remain. Deal volume reached nearly $2.2 billion in the tri-county region in the 12-month period that ended Sept. 30, marking … Read more