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Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’

Appraisal Buzz

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. In a complementary survey of Coldwell Banker Global Luxury Property Specialists, nearly 70% of respondents expressed confidence in the health of the 2024 luxury market.

Buyers 417
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Compass launches resort division for agents in vacation-home markets

Housing Wire

Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes.

Agents 370
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Real estate Instagram accounts: 21 agents & influencers to follow right now

Housing Wire

From luxury property tours to laugh-out-loud real estate memes, these 21 agents and influencers bring the best of the industry right to your phone. Whether you’re an agent, a real estate investor or just love stunning homes, these real estate Instagram accounts are a must-follow.

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Coldwell Banker Realty welcomes top-performing New England agent 

Housing Wire

I am passionate about providing white-glove service to my buyers and sellers, and Coldwell Banker Realty will enable me to enhance that important aspect of my business,” Wood said. Additionally, Wood earned a certification as a Luxury Property Specialist and will join the Coldwell Banker Global Luxury program network.

Realty 458
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How to become a luxury real estate agent

Housing Wire

You might be ready to take on the luxury real estate market! I’ll show you what it takes to succeed as a luxury real estate agent in any market. If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+?

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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We

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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

“Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. That is a pretty tough sell for someone who has a $3 million budget,” Laricy said.

Inventory 468