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Inventory is down year over year, but months of supply says the market is functioning

Housing inventory is down year over year, and price growth stands at 2.0% per the NAR existing home sales report. That combination might seem bad for affordability, but the truth is housing inventory is back at a healthy level, with price growth still in check and below wage growth, which ran at 3.2% in the July jobs report. Also, housing inventory is only down a smidge year over year, but today I want...

The next phase of The Real Brokerage’s AI is replacing the work, not the agent

The Real Brokerage is rolling out Leo 2.0, an AI assistant built into its proprietary reZEN platform that automates back-office work, marketing and lead generation for agents. The system — in beta with thousands of agents — represents what Chief Technology Officer Pritesh Damani described as a fundamental shift in how technology should serve real estate professionals. “I don’t think this...

See why this suburban Boston home spent just 24 hours on the market

Some luxury homes sell quickly because of their location. Others because of their architecture. The sprawling Lynnfield estate at 1215 Main Street appears to have had another advantage altogether: people simply couldn’t stop talking about it. Just one day after hitting the market for $3.9 million, the more than 10,000-square-foot residence found a buyer, ultimately closing for $3.65 million in a...

Six bespoke $17M estates debut in one of America’s most exclusive new luxury home collections

A new collection of ultra-luxury homes is bringing an unusual level of exclusivity to the American housing market — not because of where they’re being built, but because buyers get to decide where they will stand. Officially unveiled during Pebble Beach Concours d’Elegance week, the Collection Sei Design by Pininfarina consists of just six fully furnished single-family residences priced at $16.95...

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