At Inman Connect on Thursday, the SERHANT. CEO dished with Inman's Lockhart Steele on the rise of artificial intelligence, ChatGPT, virtual worlds and a more inclusive real estate industry.

Author and strategist Katie Lance told an audience at Inman Connect New York on Wednesday that putting yourself out there on video isn’t about getting popular, and all that matters is trying.

Unable to afford the homes they wanted on their own, a couple and their friend combined resources and bought a multifamily house. Here’s what they found in western Queens.

Getty Images / Realtor.com

Rapper, actor, and TV host Alvin Nathaniel Joiner—professionally known as Xzibit—is hoping to find a new owner for his posh place in the Los Angeles suburb of Porter Ranch. The swanky home was recently listed for $3,850,000.

Xzibit purchased the 5,710-square-foot spread for $2,436,000 in 2017, when it was brand-new. And it appears to have been kept in pristine condition.

The home was initially listed in July 2022 for $3,995,000.

The residence is located in the guard-gated community of Westcliffe, about a half-hour drive from Hollywood—an advantageous location for anyone looking to avoid the paparazzi.

This week’s properties are on the Upper East Side, in South Harlem and in Hunters Point.

This week’s properties are in Brookville, N.Y., and New Canaan, Conn.

Parents have more flexibility these days to choose where they want to put down roots. A new study can help them decide.

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The rent may still be too damn high, but at least it isn’t skyrocketing anymore.

That’s the message from the Realtor.com® monthly rental report, which shows a welcome cooling-off after the craziness of the COVID-19 pandemic period.

Rental prices in the largest metropolitan areas across the country rose 11.6% for the full year in 2022 but downshifted steadily throughout the year. By December, prices were only 3.2% higher, compared with the same month a year earlier.

Nationally, the median monthly rent was $1,712 in December—down $69 from the peak in July.

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In March 2020, Mark Joseph bought his first home: a spacious three-bedroom, 2.5-bedroom house in Saint Louis. He and his wife had recently had their second child, and they badly wanted more square footage.

Even in those earliest days of the COVID-19 pandemic, the housing market was very competitive. Joseph was convinced “someone else would swoop in and take it away if I didn’t make a strong offer,” he says, so he paid more than the asking price.

When Joseph moved in, he noticed the HVAC system, plumbing, and electrical wiring were in need of some costly repairs as he’d skipped having them inspected. That unexpected work exceeded his initial budget.

Joseph, founder of Parental Queries, a website devoted to pregnancy and child rearing, has since had trouble keeping up with his mortgage payments. And despite his home value rising, it hasn’t gone up as much as he initially anticipated.

Overall, teams can be very positive for business. Problems arise, writes Engel & Völkers Americas CEO Anthony Hitt, when teams operate as a brokerage within a brokerage.

This week the spotlight shines on Washington DC broker Jason Sherman of RLAH @properties. Learn why, for him, everything comes down to the people with whom you surround yourself.

In this week’s video column, @properties Christie’s International Real Estate executives Amy Corr and Kevin Van Eck discuss how brokers should review their business plans to focus on the skills agents need to be successful in this new market. 

Unable to afford the homes they wanted on their own, a couple and their friend combined resources and bought a multifamily house. Here’s what they found in western Queens.

Watch this week's newest classes now. Join Inman Access to unlock all the knowledge right at your fingertips.

This week the spotlight shines on The Barnett-Bittencourt Team at Compass. Find out how they got their start and the lessons they've learned along the way.

AI will impact the real estate industry and improve efficiency in many areas. However, there are certain aspects of the industry that will remain unchanged.

Localize CEO Omer Granot sat with Amy Somerville on the main stage in front of a massive room of top agents and brokers. He broke the news of how Localize would exponentially increase an agent’s productivity without sacrificing quality.

Realtor.com

A modern, one-bedroom loft in Barnard, VT, just hit the market for $689,000.

Known as The Looking Glass, the 1,405-square-foot home was built in 2002 and last purchased in June 2022 for $450,000. The owners have made some improvements to bump up the loft’s value to its $490-per-square-foot asking price.

“The Looking Glass is a metal-and-glass, industrial structure that has a fun, eclectic feel to it,” says listing agent Cheryl Herrmann, of Re/Max Group One.

Rental real estate

The place is currently used as a vacation rental, the listing notes. And according to Herrmann, the loft has proven popular with its guests—it remains frequently booked.

At Inman Connect New York on Wednesday, Sue Yannaccone and Glenn Sanford talked about positive market indicators and taking care of employees that remain post-layoffs.

"It's a different lifestyle, it's a different language," Cindy Raney of the Cindy Raney & Team told attendees at ICNY on Wednesday about luxury — and that luxe clients appreciate attention to the details.