The Real Brokerage has named Ravi Jani as its new chief financial officer. His appointment is effective immediately and follows the departure of former CFO Michelle Ressler, who was terminated amid an ongoing internal investigation.

Jani, who joined Real in September 2023 as vice president of investor relations and financial planning and analysis, steps into the role as the company experiences significant growth.

The number of agents at Real has more than doubled — from roughly 12,000 to more than 27,000 — expanding the firm’s reach across North America.

“Ravi brings a unique combination of strategic finance expertise and an investor’s perspective at a pivotal moment in Real’s trajectory,” said Tamir Poleg, chairman and CEO of Real. “His financial acumen, market insight, and collaborative approach have already made a meaningful impact on our organization. As CFO, Ravi will be instrumental in driving our next chapter of growth, margin expansion and value creation.”

Before joining Real, Jani held leadership roles in investor relations at Blade Air Mobility Inc., and he worked as an investment analyst at Citadel LLC and Anchor Bolt Capital LP.

He began his career in investment banking at Bank of America and Moelis & Co. He has more than 15 years of experience in capital markets, financial strategy and investor engagement.

During his tenure at Real, Jani has also contributed to corporate strategy, mergers and acquisitions, and the development of new products — including Real Wallet, a financial tool for agents. He initiated Real’s monthly agent sentiment survey, which has become a popular industry metric for market trends.

“Real has reached an exciting inflection point,” Jani said in a statement. “As we enter this next chapter, my focus will be on driving execution, expanding margins, and allocating capital to create long-term value for agents, consumers, and shareholders.

“I’m grateful for the opportunity and honored to join Real’s executive team to help lead the company through its next phase of growth.”

Jani was recently named a 2025 HousingWire Rising Star, which recognizes young leaders who drive change in the housing industry.

“Real has had extraordinary growth over the past few years, which is a testament to the strength of the company’s business model, technology platform, and strong leadership,” said Larry Klane, a Real board member, lead independent director and chair of its audit committee.

“We are confident in Ravi’s ability to lead the company’s financial strategy with rigor and transparency as Real continues to scale.”

Real said it’s addressing concerns related to Jani’s predecessor as he steps into the CFO’s role. The company said Ressler’s employment was terminated based on its assessment that she engaged in actions that violated company policies.

While the firm’s review of Ressler’s actions is ongoing, the company said it does not believe her actions had any material impact on previously issued financial statements.

President Donald Trump has shifted federal economic policy in a big way since his inauguration on Jan. 20. Housing markets across the country will no doubt be impacted in some way, but one city is a special case — Washington, D.C.

That’s because the Trump administration made reductions to the federal workforce a priority, resulting in an unknown number of civil servants who’ve lost their jobs.

s this changing the housing market in the nation’s capital? Altos data suggests the dynamic in Washington has shifted since the beginning of Trump’s second term.

As things stand, housing supply in Washington is rising rapidly. After years of stagnant inventory, the weekly average of homes for sale is up 34.8% year over year, while new listings have spiked by 9.3% on a 90-day rolling basis.

New listings rise every spring, but the sharp uptick is notable because in the last week of February, they were down 10.9% year over year. For it to swing from decisively negative to decisively positive in such a short period of time — and over a 90-day average — indicates a significant increase in new listings relative to last year.

But having additional options is not yet enticing buyers to jump into the market at the same pace that inventory is rising. Pending new sales on a 90-day rolling basis have been negative on an annualized basis since February after a strong finish to 2024.

Sellers have responded by reducing prices. For years, the share of listings that received a price reduction in D.C. has been 20 to 25 points higher than the share with a price increase, but this year-over-year trend has shifted.

During the fall of 2024, the yearly gain for listings with price increases was above 50%. It’s now down by 23.7%. The inverse happened with the percentage of listings that had a price cut. In October, that share bottomed out down 14.5%, but it’s now up by 17.1%.

Is this a sign that federal layoffs are undercutting Washington’s housing market? There’s important context to consider when answering this question, and it’s important to not equate correlation with causation.

First, rising new listings and inventory are a seasonal trend, and even the sharp rise is a dynamic that’s currently present in many markets across the country. Sales are increasing as well, just not at the same pace as 2024.

Second, it’s hard to know how many people have been affected because the current status of any given federal agency is seemingly always in flux, with workers being laid off one day and told come back to work the next. Whether layoffs have happened in numbers that could swing the market is unknown.

Third, there are other actions by the Trump administration that might prompt sellers to list quickly and buyers to hit pause. This include Trump’s dramatic new tariff regime, the stock market crash that followed, and the widely held expectation that tariffs will cause inflation to spike.

Fourth, mortgage rates have shot up to 7% as a result of the tariff announcement and the president’s remarks about replacing Federal Reserve Chair Jerome Powell. Homebuyers are very sensitive to rates rising by so much in a short time frame. That may be holding buyers back more than the federal layoffs.

What’s different this time with supply is simply the degree to which it has grown. 

Since the last week of February, inventory is up in Washington, D.C., by 42%. During the same period last year, it was up 22%. New listings are up 81% since the last week of February, compared to 54% growth during the same period in 2024. 

Conversely, new pending home sales have risen by 43.4% since the last week of February, a decline from the 48.9% figure in 2024.

Because so much has changed so quickly, it will likely be well into the summer before the data shows any impact from new federal policy and the reduction in the federal workforce.

But thus far, the housing market in D.C. is experiencing a rise in supply at a pace that is not yet being matched by demand.

15 Tortuga Place, Clear Island Waters is going to auction on May 3.

Originally built by cricket legend Craig McDermott, this Gold Coast home is a waterfront

heavyweight that’s still hitting sixes when it comes to size, style and sky-high potential.

Positioned on a sprawling 984sq m block with a prized northeast aspect to wide water, this grand estate pairs solid craftsmanship with skyline views that knock it out of the park.

Australian Test bowler Craig McDermott, circa 1993/4.

This grand estate features solid craftsmanship throughout.

Craig McDermott in 2020. Picture: Supplied

Kollosche agent Julia Kuo said the Clear Island Waters abode was an “opulent and

high-class” home.

“This is a very solid big house with a very grand feel,” Ms Kuo said. “This area can be very hard to buy into as people hold on to these properties in this position. Not only does this home have a wonderful aspect and views, but it is situated very close to good schools, Broadbeach and in a very family friendly area.”

Soak up those water views..

The kitchen.

Spanning 632sq m under roof, the home features soaring ceilings, elegant curves and a dramatic domed centrepiece that creates a sense of grandeur throughout.

The floorplan includes six bedrooms, multiple living and dining zones, and a granite kitchen with stainless steel appliances and a curved island bench.

Outdoors, a tiered alfresco terrace overlooks a 10m saltwater pool and private pontoon, perfect for relaxed waterfront entertaining.

“This is big enough for families who want

to bring their in-laws to live with them,” Ms Kuo said.

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Make a splash in the pool.

Tucked away in a quiet cul-de-sac, the home is just over 4km from Pacific Fair, The Star Casino and the beach, with local shops and the Surfers Paradise Golf Club even closer.

It’s also central to top schools including St Vincent’s, All Saints and Emmanuel College, making it an ideal address for growing or multi-generational families.

Kollosche’s Sam Guo and Julia Kuo will take 15 Tortuga Place to auction on May 3.

Space to show off all the trophies and medals.

The neighbourhood, with the twinkling lights of the Glitter Strip in the background.

The post Luxury home built by cricket legend for sale appeared first on realestate.com.au.

Miami Association of Realtors has hired Infinityy, a software company that builds out graphically enriched and interactive browser-based AI “Rooms” for presenting properties in either the residential, multifamily or commercial real estate environments.

Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season.