High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

MLS freeze strikes agents in Florida, Massachusetts, Indiana, New York, California and elsewhere.

The 10,000-plus square foot home was redesigned by Sarah Ivory after the celebrity couple purchased it in 2021 for $11 million.

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Douglas Elliman will exclusively handle sales for Bentley Residences, the first Bentley-branded residential building in the world.

Homes where the loan-to-value ratio is 50% or lower — equity-rich homes — are on the rise, which is good news for homeowners.

Vanessa Gomez will continue to lead the agents from Edgewater One Real Estate in their transition as director of luxury sales and new developments for Engel & Völkers Miami.

Chicago-based real estate developer Focus is expanding to the Florida real estate market with two luxury developments in the Miami area.

Meanwhile, July’s home sale prices had their highest increase since November.

A La Gorce Island home formerly owned by Cher returned to the market in Miami Beach.

Penthouse 1 set a record for the most expensive price per square foot in Brickell history at $3,333.

Chicago-based brokerage Fulton Grace Realty is expanding into Arizona with its first franchise partner.

Mirna Zarate, Zenaida Figueroa and Gasper Mavric will serve as the sales agents for the development, which is slated to finish construction in early 2025.

Music producer and DJ David Guetta is under contract to purchase a $69 million waterfront property in Indian Creek in an off-market sale.

Sales in Florida master-planned communities made up 42% of all MPC sales in the first half of 2023.

This real-life Barbie dream house in Phoenix has everything a Barbie girl could want — life-size Ken not included.