Owning Manhattan—the latest must-watch real estate reality show—just hit Netflix, and the reviews say it’s nothing short of 🔥🔥🔥

ICYMI, Owning Manhattan follows NYC-based celebrity broker Ryan Serhant, and his high-performance team (including Jeffrey St. Arromand, star of our own Let’s Get to the Point!). From listing the soaring $195M Central Park Tower penthouse, to dealing with high-stakes team tensions, Season 1 brings the best of NYC and reality TV rolled into eight docuseries-style episodes.

Check out Jeffrey’s take on the new show here, then watch the trailer for yourself. 

SHARPEN YOUR SKILLS

TRACK THE TRENDS

MARKETS

Correction Territory

Last week, NAR reported median home prices hitting a new all-time high of $419,300. But not every market is experiencing the same kind of steady price growth. In fact, as we cross the halfway point of 2024, cooling corrections look increasingly likely for a handful of major metros.

Here’s what Realtor.com is watching in the second half of this year:

1. Regional variations: In Florida, markets like Miami and Naples are experiencing notable year-over-year price declines, while the number of homes for sale in Orlando has more than tripled over the past two years. 

2. Supply and demand dynamics: Markets with significant increases in housing inventory and longer selling times, like the Texas metros of Corpus Christi and McAllen, indicate potential price adjustments are on the horizon as supply begins to outpace demand.

3. Market cooling indicators: In Denver, the dramatic increase in seller price reductions—57% of homes have at least one price drop—points to an impending market correction, unless interest rates begin to fall. 

REC ROUNDUP

The Friday Five

📖 Buyer’s agreements. The results are in—here’s how agents are handling the new BAA rules.  

👀 From FL to CA. Check out the 10 biggest real estate deals of the past week. 

👀 She’s back! Amanda McCants joins Josh for another personality-filled home tour. 

💡Let’s Get to the Point. Join Jeffrey St. Arromand and the Owning Manhattan cast for this week’s top industry headlines.

💡True test. How well do Josh and Tracy really know each other?

WHAT’S NEW FROM ESTATE MEDIA

ESTATE MEDIA NEWSLETTERS

Estate Elegance. Your daily dive into luxury real estate. Everyday.

Homes.tastrophes. Unique, weird, and wild real estate. Every Monday

The Blueprint. Stay up-to-date on the world of residential real estate. Powered by James Harris & David Parnes. Every Tuesday and Friday.

The Glennda Gazette. Real estate, real life, in real time. Every Wednesday.

The Playbook. Your ultimate guide to mastering real estate investing. Every Thursday.

WAS the Newsletter. Explore interior design advice and inspiration. Every Friday.

With 156M unique monthly visitors, Homes.com is becoming the home search tool to beat. As proud partners of Homes.com—which just doubled the amount of traffic seen on platforms like Realtor.com—we’re thrilled to be aligned with the tool empowering agents and clients throughout every stage of the transaction process. If you’re not already on it, check out Homes Pro today, and bookmark your new favorite business tool.

Before we go…

• Share. Forward this newsletter to another real estate pro. It only takes three clicks.

• Connect. Say 👋 on Instagram, TikTok, Facebook, Twitter, or YouTube.

ESTATE RECOMMENDED RESOURCES

📣 WANT TO REACH 100K+ REAL ESTATE PROFESSIONALS RIGHT IN THEIR INBOX?

Promote your brand with Estate Weekly and get noticed by the leading professionals in the real estate industry. Our subscribers include high-income decision-makers, investors, and key players in the real estate sector. For more information, please email partnerships@estatemedia.co.

CONSUMER SURVEY

Thank you for participating in our survey! Your insights and contributions are invaluable to our ongoing efforts to enhance the real estate industry.