Residential Real Estate

Residential Real Estate

Residential real estate is any property that is used for the purpose of habitation.

Residential Real Estate Q&A

What qualifies as residential real estate?
Residential real estate can be defined as any property that individuals or families inhabit. In addition to the traditional detached house, some property types include condos, apartments, townhomes, and multifamily units.
What is the residential real estate industry?
The residential real estate industry encompasses the buying, selling, renting, renovating, financing, management, development, and construction of residences. Brokerages, developers, banks, trusts, architects, and builders all work with landlords and individuals to design spaces for occupancy.
Who buys and sells residential real estate?
Traditionally, individual buyers use residential real estate agents to find and purchase residential properties. Residential real estate may also be held by companies that serve as landlords to individual tenants. Residential brokerages often act as go-betweens for buyers and sellers. The Real Deal releases annual rankings of real estate agents and brokerages in New York. Take a look at our Data Book for the most recent rankings.
Want to know more about residential real estate?
Check out our Top Stories below for TRD's most up-to-date coverage of residential real estate.

The Latest

(Illustration by Dave Murray)

The squeeze on resi brokerages is forcing consolidation, cooperation

Corcoran is consolidating. Compass is making lay offs. Residential firms are going lean. Call it a sign of the...

The squeeze on resi brokerages is forcing consolidation, cooperation
From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

Heading into a long weekend, a handful of sellers had lofty hopes. The second week of February saw pricier...

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week
3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

The penthouse at World Wide Group and Rose & Associates’ 252 East 57th Street started life in 2014 asking...

With asking prices in freefall, luxury market sees strong week
Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Keller Williams is cutting off associates who dump the franchise brokerage. Effective April 1, the company’s lifelong profit sharing...

Keller Williams will cut off agents who leave
Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Wall Street bonus season is the stuff of New York City home sellers’ dreams, as they picture eager buyers...

Here’s what Wall Street bonus season means for real estate this year
Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

Former WeWork CEO Adam Neumann has listed his six-bedroom triplex penthouse for $37.5 million. The listing price is $2...

Adam Neumann is asking $37M for Gramercy Park triplex
(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

As apartment hunters try to figure out what on earth is going on with broker fees, they now have...

Residential rents continue upward march in Manhattan, Brooklyn and Queens
Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Redfin’s losses nearly doubled to $81 million in 2019, but there was a silver lining to be found on...

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone

UPDATED Wednesday, February 12, 2020, 7:37 p.m.: One of the perks of being engaged to a real estate broker...

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone
From left: 515 Park Avennue, Soori High Line, One Beacon Court, 53 East 67th Street and 15 Hudson Yards (Photos via Douglas Elliman, Compass, StreetEasy, Hudson Yards, Apartments)

Priciest homes to hit market include an UES building prime for mansion conversion

A vacant multifamily building prime for a mansion conversion and a condo so high in the air that “there...

Priciest homes to hit market include an UES building prime for mansion conversion
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