The Housing Market Is Worse Than You Think

Buyers, sellers and renters are in for more twists and turns, as soaring mortgage rates and stubborn inflation signal belt tightening ahead.

Edward Albee’s Loft Tops a List of High-Profile Deals in October

The playwright’s longtime TriBeCa home sold for about $5.6 million, and two other sales brought in more than $50 million each, but not in the same building.

Keller Williams Reports YTD ’22 Results

AUSTIN, TEXAS November 3, 2022 — Keller Williams (KW), the world’s largest real estate franchise by agent count, reports YTD ’22 results, having achieved significant worldwide growth and topped corporate culture rankings.

“As we face increasing macroeconomic headwinds, we are preparing for what we expect to be a slower growth period,” said Sajag Patel, chief operating officer, KW. “Yet, our value proposition in training and coaching is specifically geared to enable our agents to take more market share during economic shifts.” 

“To embrace the market of the moment in Q3 ’22, we purposely launched four new business communities as agents are wanting a greater sense of connection, empowerment, and impact,” said Patel. “Developed in partnership with agents, communities are one more way we’re enabling entrepreneurs to thrive in this fast-shifting market.”

United States and Canada (production in YTD ’22)

Agents closed $381.4 billion in sales volume, down 3.0% from YTD same period of last year.Agents closed 884.5 thousand transactions YTD ’22, down 12.6% over the same period of ’21.Agents took 536.7 thousand new listings (new inventory), down 7.7% over the same period ’21.Agents wrote 962.4 thousand contracts (projected closings), down 13.9% over same period ’21.Contracts written volume was $414.7 billion, down 4.7% over the same period of ‘21.

“While we are less than pleased to report our sales volume is down by a low single digit percentage year to date, there’s immense opportunity in this market for our agents,” said Marc King, president, KW. “And, we are leaning into our powerful culture, training and technology to enable our agents to map a growth trajectory for their businesses based on the new math required by this market.”

Keller Williams Reports YTD ’22 Results

AUSTIN, TEXAS November 3, 2022 — Keller Williams (KW), the world’s largest real estate franchise by agent count, reports YTD ’22 results, having achieved significant worldwide growth and topped corporate culture rankings.

“As we face increasing macroeconomic headwinds, we are preparing for what we expect to be a slower growth period,” said Sajag Patel, chief operating officer, KW. “Yet, our value proposition in training and coaching is specifically geared to enable our agents to take more market share during economic shifts.” 

“To embrace the market of the moment in Q3 ’22, we purposely launched four new business communities as agents are wanting a greater sense of connection, empowerment, and impact,” said Patel. “Developed in partnership with agents, communities are one more way we’re enabling entrepreneurs to thrive in this fast-shifting market.”

United States and Canada (production in YTD ’22)

Agents closed $381.4 billion in sales volume, down 3.0% from YTD same period of last year.Agents closed 884.5 thousand transactions YTD ’22, down 12.6% over the same period of ’21.Agents took 536.7 thousand new listings (new inventory), down 7.7% over the same period ’21.Agents wrote 962.4 thousand contracts (projected closings), down 13.9% over same period ’21.Contracts written volume was $414.7 billion, down 4.7% over the same period of ‘21.

“While we are less than pleased to report our sales volume is down by a low single digit percentage year to date, there’s immense opportunity in this market for our agents,” said Marc King, president, KW. “And, we are leaning into our powerful culture, training and technology to enable our agents to map a growth trajectory for their businesses based on the new math required by this market.”

Older, White and Wealthy Home Buyers Are Pushing Others Out of the Market

The share of first-time buyers fell to 26 percent, plummeting to the lowest level in four decades, when a real estate trade association began tracking such data.

Lower East Side, Morningside Heights and Prospect Heights Homes for Sale

This week’s properties are on the Lower East Side, in Morningside Heights and in Prospect Heights.

Southport, Conn and Moorsetown, NJ Homes for Sale

This week’s properties are a six-bedroom in Moorestown, N.J., and a four-bedroom in Southport, Conn.

She Bought the House Her Mother Cleaned for 43 Years

Nichol Naranjo says she was destined to own the house that was a refuge, “a place to come and catch our breath. And to dream.”

Rents Creep Down Across the Country

The reductions are small, but significant in that median rents for one-bedroom and two-bedroom units declined in tandem for the first time since 2020.

Coming Home to New York, but Could She Afford a Manhattan Studio?

With a decade’s worth of savings in her pocket, a longtime renter looked below 23rd Street for something she could make her own, and rent out down the line. Here’s what she found.

Keller Williams Named to Forbes Ranking of World’s Top Female-Friendly Companies

AUSTIN, TEXAS November 2, 2022 —  Keller Williams (KW), the world’s largest real estate franchise by agent count, was named one of the World’s Top Female-Friendly Companies for 2022 by Forbes. For the second consecutive year, KW ranked among 400 top companies leading the way to support women inside and outside their organizations.

“We are honored to be recognized for our ongoing efforts to empower women to thrive as leaders and entrepreneurs,” said Gary Keller, co-founder and executive chairman, KW. “While our important work is nowhere near complete, we’re proud to be ranked among so many other world-class companies as part of a shared commitment.” 

To compile the annual ranking, Forbes partnered with Statista to survey 85,000 women in 36 countries. 

Respondents were asked to rate their employers’ performance on gender-related criteria and their willingness to recommend their employer to others. 

Statista also asked respondents to rate companies based on their corporate responsibility, marketing campaigns and public perception, as related to gender equality. The final list ranks the 400 companies that received the most recommendations and boast the most gender-diverse boards and executive ranks.

Keller Williams Named to Forbes Ranking of World’s Top Female-Friendly Companies

AUSTIN, TEXAS November 2, 2022 —  Keller Williams (KW), the world’s largest real estate franchise by agent count, was named one of the World’s Top Female-Friendly Companies for 2022 by Forbes. For the second consecutive year, KW ranked among 400 top companies leading the way to support women inside and outside their organizations.

“We are honored to be recognized for our ongoing efforts to empower women to thrive as leaders and entrepreneurs,” said Gary Keller, co-founder and executive chairman, KW. “While our important work is nowhere near complete, we’re proud to be ranked among so many other world-class companies as part of a shared commitment.” 

To compile the annual ranking, Forbes partnered with Statista to survey 85,000 women in 36 countries. 

Respondents were asked to rate their employers’ performance on gender-related criteria and their willingness to recommend their employer to others. 

Statista also asked respondents to rate companies based on their corporate responsibility, marketing campaigns and public perception, as related to gender equality. The final list ranks the 400 companies that received the most recommendations and boast the most gender-diverse boards and executive ranks.

Living In ... Accord, N.Y.

With its central location, stunning scenery and culturally diverse community, the Ulster County hamlet has seen an influx of residents recently.

Accord, NY: A ‘Laid-Back Agricultural Hub’ With a ‘Chill Vibe’

With its central location, stunning scenery and culturally diverse community, the Ulster County hamlet has seen an influx of residents in recent years.

An ‘Oasis of Calm’ in Costa Blanca for $2 Million: House Hunting in Spain

Prices in Jávea, the former fishing village and now resort town on the Mediterranean coast, offer comparative value in Spain’s luxury market.

$3 Million Homes in Texas, South Carolina and Washington

A midcentury-modern retreat in Dallas, a three-bedroom home near the Battery in Charleston and a Shingle-style house in Seattle.

Widespread Racial Bias Found in Home Appraisals

Researchers found evidence of a persistent practice that gives higher values to homes when the occupants are white, and devalue them if the owners are people of color.

Southern California Minimalism with Old World Charm

An interior designer wanted to create a home where “everything gets put away at night” — and she succeeded. Sort of.

A Minimalist House for Clutter-Free Living (Despite the Kids)

A Southern California designer wanted to create a home where “everything gets put away at night” — and she succeeded. Sort of.

Looking for Affordable Housing in New York? Here’s Where to Find It.

Enter your household income and size, and we’ll tell you what housing programs you may be eligible for and how to apply.

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