UWM overtakes Rocket Mortgage as biggest US lender after strong Q3

United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share.

The Most Ridiculously Extravagant Homes You Could Buy With the $1.6B Powerball Jackpot

MLS via Realtor.com

With Powerball’s jaw-dropping jackpot hitting an estimated $1.6 billion for Saturday’s drawing, it’s time to start thinking about what you would do if you’re that one lucky winner.

While the odds of winning the largest Powerball jackpot in history are about 1 in 292 million, there’s still a (tiny) chance you could come away with it all—or at least a massive portion of it if there are multiple winning tickets. As of now, one winner is estimated to haul away an eye-popping cash value of $782.4 million, according to Powerball.

With that amount of money in your pocket, you could have your pick of one, or several, ultraluxe homes across the country.

Here’s a look at five top splurge-worthy homes to consider:






Continue reading

Rent dropped last month at one of the biggest rates in over a decade

Aside from the onset of the COVID-19 pandemic, the month-over-month decline was the biggest drop in rent prices since 2010. Rent remains up 7.6 percent year over year, but the market is softening.

What Does a Property Manager Do? Run Your Rental So You Don’t Have To

Rawpixel/iStock

If you own a rental property and want help, a property manager can relieve you of a whole bunch of headaches.

A property manager works for landlords, handling the day-to-day details of running a building. If you dream of collecting income from rental property but cringe at the idea of collecting rent or getting calls from tenants about burst pipes, a property manager could be well worth the money.

“Property management isn’t a glamorous business,” says Dana Anderson, president at Bay Management Group, a property management company in Philadelphia. “Tenants can be difficult, landlord-tenant laws are complicated, and property maintenance can be stressful. Having someone handling those problems for you gives you peace of mind.”

Let’s explore what property managers do, how much they cost, and how you can find a reputable one.

Continue reading

The Property Brothers Identify the Top Kitchen Trend of the Decade

HGTV

TV stars Jonathan and Drew Scott love a romantic storyline, and the latest “Property Brothers: Forever Home” has one that makes their hearts melt.

In the episode “Full Circle,” they aim to help Marlon and Katrina, who met during their high school years—in the very Cerritos, CA, house they’re living in now. Marlon grew up in this home, and when his parents died, he and Katrina moved in.

“We would like this to be our forever house,” says Marlon. “Our daughter, Maddie, will be able to live in the same house that I grew up in, and go to the same high school.”

“I love that this is already a home that’s been passed through the generations,” says Jonathan. “And their hope is that Maddie will take it over and keep that tradition alive.

Warm and inviting seating
Gallery wall
The all-purpose island
The staircase now has carpeting
Old door
New door and planters
Continue reading

Billionaires’ Row penthouse goes for a hefty $72M

The full-floor penthouse at 220 Central Park South sold in an off-market transaction that marks one of Manhattan's biggest deals of the year.

US hiring remains strong, but other sectors outpace real estate

Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn.

Plunging prices, net losses, Q3 earnings: Inman’s Top 5 stories of the week, Oct. 28 – Nov. 3, 2022

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Oct. 28 - Nov. 3, 2022.

‘Incentives Come in Many Forms’: Here Are Ways To Lower Your Mortgage Rate, According to This Mortgage Company CEO

Getty Images

Mortgage rates are double where they were a year ago, making home buying a much more costly endeavor. Home sellers are trying to help them out.

Buyers are not feeling the market, depressing mortgage demand. Rates are hovering at around 7%, which adds hundreds of dollars in additional monthly payments for prospective buyers’ budgets.

Even though the number of for-sale homes is growing, they’re still expensive, creating affordability issues for buyers.

Some builders and sellers are getting more creative, and offering ways for potential home buyers to lower their mortgage rate and monthly payments.

Continue reading

Real Tea: Meet the cast of Netflix’s ‘Buying Beverly Hills’

"Buying Beverly Hills" drops Friday on Netflix. Here’s a look at the cast and some must-see moments to watch for this season.

‘Is now a good time to buy a home?’: Here’s how to answer

It's the question everyone is asking right now, and the answer depends in part on your knowledge of the market and in part on the client's personal perspective. Jimmy Burgess talks to David Childers, president of Keeping Current Matters, to determine how to answer this essential query.

DwellWell, a buyer-agent matching solution, raises $4.5M seed round

The company is seeking to vet real estate agents as well as it does buyers, seeking those who are tech-forward and able to provide as frictionless an experience as possible.

Won’t You Be My Neighbor? L.A. Lakers Star Russell Westbrook Scores Posh Pad Across the Street From LeBron James

Getty Images / MLS via Realtor.com

Imagine the pickup games! Los Angeles Lakers point guard Russell Westbrook recently scored a $33.5 million Brentwood trophy mansion directly across the street from teammate LeBron James, Dirt reported.

Westbrook bought the luxe estate from heiress, model, designer, and socialite Petra Ecclestone, daughter of Bernie Ecclestone, the Formula One racing billionaire.

But she is perhaps best known for previously purchasing the iconic Holmby Hills residence The Manor from Candy Spelling for $85 million in 2011.

Ecclestone sold The Manor for a record-breaking $119.7 million in 2019. That same year, she downsized into this 8,600-square-foot piece of paradise.



Continue reading

Douglas Elliman’s revenue declines as luxury inventory shortage lingers

The New York-based luxury real estate brokerage reported consolidated revenues of $272.6 million in third-quarter earnings Thursday, compared to $354.2 million over the same period in 2021.

5 Moody Maximalist Looks To Inspire Your Living Room Revamp

Photo by @oakleycourt via @retrochicdesign via Instagram

Like fashion, makeup, or other forms of self-expression, home decor is often a reflection of your current mood. And lately, we’ve noticed dark maximalism has been a dominant living room design trend.

Perhaps we can blame it on the time of year—after all, Daylight Savings Time is ending and it will get darker sooner. Maybe you’ve been listening to Taylor Swift’s new sultry, synth-driven album “Midnights” on a loop. Either way, if you’re set on revamping your living room and are looking for design inspiration, we encourage you to go to the dark side.

This week, we scoured Instagram and bookmarked five living room images that exemplify the perfect balance of moodiness and comfort. To help you replicate the looks, we gathered tips from interior designers as well as products that you can purchase right now.

1. Corduroy sofa

Who says corduroy is just a fabric for clothing? Above, @dennisvonnazareth showcases the ultimate lesson in corduroy home decor with a sofa upholstered in the soft fabric.

Continue reading

Paws of Fame: $15M Missouri Mansion of Pet Grooming Guru Is the Week’s Most Popular Home

MLS via Realtor.com / Realtor.com

A spectacular, 27,280-square-foot megamansion in St. Louis, MO, owned by FURminator founder David Porter is this week’s most popular listing on Realtor.com®.

Built in 2014, the opulent, French-inspired estate belonging to the creator of the popular pet shedding tool boasts a dramatic, two-story foyer, vaulted ceilings, exquisite millwork, and expansive windows. Some notable mentions include a wine cellar, a saloon, a theater, and a luxury car showroom.

Other digs that drew your clicks include a midcentury modern marvel in Beverly Hills, an English Tudor revival in Indiana, and a Texas home with a pool, sandy beach, and tiki bar.

For a full look at this week’s 10 most popular homes, keep scrolling.





Havre de Grace, MD

St. Louis, MO



Continue reading

Coasts of Ireland Offer Enticing Waterfront Home Options

International home buyers are starting to catch on to the appeal of the island nation.

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.

Selling new construction: 5 tips for working with property developers and buyers

For first-time homebuyers and empty nesters, construction projects such as subdivisions, townhouse complexes and condominiums are often the perfect mix of convenience and ease.

LikeRE Logo