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13.06.25 - 14:45
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Manhattan Rents Hit New High As FARE Act May Send Prices Higher (ZeroHedge)
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Manhattan Rents Hit New High As FARE Act May Send Prices Higher
Manhattan apartment rents hit another all-time high in May, with the median rent for new leases topping $4,571. The increase comes as demand is expected to rise over the summer, driven by lease turnovers and an influx of students ahead of the upcoming fall school year. Rents are likely to increase further following the passage of a new broker fee law.
Bloomberg cited a new report from appraiser Miller Samuel Inc. and brokerage Douglas Elliman, which showed that Manhattan apartment rents reached $4,571 in May—marking the third record in four months and exceeding the previous high by $71.
In addition to typical seasonal demand, a significant change emerged in New York City's rental market on Tuesday with the implementation of the Fairness in Apartment Rental Expenses (FARE) Act.
FARE now requires broker fees to be paid by the party who hired the broker, most often the landlord or property management company, rather than th...
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07.06.25 - 03:48
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Stocks Hit Highest Since February on Jobs Surprise | The Close 6/06/2025 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Katie Nixon, Northern Trust, Betsey Stevenson, University of Michigan, Dan Dolev, Mizuho, Rashad Bilal & Troy Millings, Earn Your Leisure, Matthew Griffin, Bloomberg News, Barry Bannister, Stifel, Jess Menton, Bloomberg News, Ed Ludlow, Bloomberg News, Stacy Rasgon, Bernstein Research, Frances Katzen, Douglas Elliman, Brett Winton, Ark Invest, Tony Zaccario, Stretch Zone, Nicole Camarre, 43North. (Source: Bloomberg)...
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01.05.25 - 22:42
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Douglas Elliman Inc. Reports First Quarter 2025 Financial Results (Business Wire)
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Company reports 27% year-over-year revenue growth and significant improvements in Net Loss and Adjusted EBITDA, driven by strategic investments and disciplined expense management.
MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) (NYSE:DOUG) today announced financial results for the three months ended March 31, 2025.
“Our performance in the first quarter highlights the strength of our luxury brand and the incredible efforts of our agents, employees and leadership team,” said Michael S. Liebowitz, Chief Executive Officer of Douglas Elliman Inc. “By focusing on high-impact areas like Development Marketing, we're driving growth and reinforcing our position as the leader in the luxury market – delivering our highest first-quarter revenue since 2022 with significant reductions in operating losses. We are optimistic about our trajectory and we are committed to staying nimble in our core business. With our strong balance sheet as well as continued investment in th...
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29.04.25 - 15:06
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Douglas Elliman Inc. to Host First Quarter 2025 Results Conference Call (Business Wire)
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MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its first quarter 2025 results on Friday May 2, 2025 at 8:00 a.m. (ET).
Investors may access the call via live webcast at https://join.eventcastplus.com/eventcastplus/Douglas-Elliman-Inc-First-Quarter-2025-Earnings-Call. Please join the webcast at least 10 minutes prior to start time.
A replay of the call will be available shortly after the call ends on May 2, 2025 through May 16, 2025 at https://join.eventcastplus.com/eventcastplus/Douglas-Elliman-Inc-First-Quarter-2025-Earnings-Call.
About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In a...
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09.04.25 - 16:06
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Douglas Elliman Introduces a New Era in Home Search (PR Newswire)
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Premier brokerage launches first-ever luxury lifestyle website with AI-powered property search platform NEW YORK, April 9, 2025 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, unveiled its new digital platform......
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14.03.25 - 13:06
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Manhattan Apartment Rents Hit Record High Amid "Irrational" Bidding Wars (ZeroHedge)
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Manhattan Apartment Rents Hit Record High Amid "Irrational" Bidding Wars
Manhattan apartment rents surged to new record highs in February, driven by intensifying competition as the spring housing market begins early.
Last month, signed new leases in Manhattan rose 6.4% to $4,500—$100 higher than the previous record set in the summer of 2023—according to Bloomberg, citing new data from appraiser Miller Samuel and brokerage Douglas Elliman.
Source: Bloomberg
"It's one of the most challenging times to be a renter," said Jonathan Miller, president of Miller Samuel, adding, "It's really an irrational market because such a large swath of it is driven by irrational bidding."
Last month's bidding wars occurred during a traditionally cool market that doesn't usually heat up until spring. New leases driven higher by bidding wars topped 27%—the largest share on record.
Miller noted, "I would argue that the volatility we're seeing in the economy with the ...
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11.03.25 - 13:06
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Douglas Elliman Inc. Reports Fourth Quarter and Full Year 2024 Financial Results (Business Wire)
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Company builds momentum on revenue base and continues thoughtful expense reductions, driving meaningful improvement in Net Loss and Adjusted EBITDA as well as overall growth
MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) (NYSE:DOUG) today announced financial results for the three months and year ended December 31, 2024.
“I am very proud of our performance in the fourth quarter – we increased revenue and year-over-year gross transaction value, while reducing operating losses,” said Michael S. Liebowitz, Chief Executive Officer of Douglas Elliman Inc. “Our strong momentum has carried into 2025, with cash receipts in January and February up about 30% from the same time last year. By building a strong revenue base, expanding our footprint and continuing to reduce costs, we will drive earnings and create long-term value for our stockholders, employees, agents, and clients.”
Bryant Kirkland, Chief Financial Officer of Douglas Elliman, added, “Douglas Ellima...
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04.03.25 - 14:36
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Douglas Elliman Inc. to Host Fourth Quarter and Full Year 2024 Results Conference Call (Business Wire)
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MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its fourth quarter and full year 2024 results on Tuesday March 11, 2025 at 9:00 a.m. (ET).
Investors may access the call via live webcast at https://join.eventcastplus.com/eventcastplus/Douglas-Elliman-Inc-Fourth-Quarter-and-Full-Year-Earnings-Call. Please join the webcast at least 10 minutes prior to start time.
A replay of the call will be available shortly after the call ends on March 11, 2025 through March 25, 2025 at https://join.eventcastplus.com/eventcastplus/Douglas-Elliman-Inc-Fourth-Quarter-and-Full-Year-Earnings-Call.
About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, M...
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03.03.25 - 22:06
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Douglas Elliman Sued for Allegedly Enabling Alexander Brothers (Bloomberg)
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Real estate firm Douglas Elliman Inc. and its former chief executive officer Howard Lorber were sued by five women who say they were sexually assaulted by the Alexander brothers, as part of a lawsuit against the siblings that accused several parties of enabling their alleged misconduct....
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