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A concrete revival: Brutalist architecture makes a striking return

Stark, severe, geometric, and unapologetically full of concrete, Brutalist architecture has long divided opinion. You either loved it or you hated it. But a powerful renaissance is taking shape as a new wave of architects and homeowners embrace the style’s bold, uncompromising beauty.

Named from the French ‘beton brut’ meaning ‘raw concrete,’ this architectural style first emerged in the UK in the 1950s.

Brutalist-style architecture is becoming popular in high-end homes. Picture: realestate.com.au

Rooted in post-war reconstruction and championed by pioneers like Le Corbusier, it was defined by unadorned, blocky forms, an honest use of exposed structural materials, and a minimalist aesthetic that prioritised functionality over decoration. And, thanks to influential architects like Harry Seidler, whose use of off-form concrete in the 1960s helped define the style and John Andrews, known for the iconic Cameron Offices in Canberra, Australia has its own rich Brutalist heritage. 

Known for its Brutalist designs, Iwan Iwanoff is one of Perth’s most celebrated architects. Picture: realestate.com.au

However, with the arrival of the 1980s the style fell out of favour. Viewed as cold, oppressive, and a symbol of urban neglect and decay (partly due to its use in social housing projects) for decades Brutalist structures were generally considered eyesores.

However, in recent times a a new wave of architects and homeowners are embracing Brutalism’s raw simplicity and reinterpreting the style for the 21st century.

A search for simplicity

The Brutalist resurgence isn’t just about nostalgia; it’s a cultural reassessment. In an age of mass-produced, transient design, the style offers a powerful counter-narrative of durability, permanence, and honesty in materials. The raw, unadorned aesthetic, once considered harsh, is now seen as a sophisticated expression of authenticity.

“In today’s world, where we’re constantly surrounded by ‘stuff,’ the minimalist design and raw, organic features of Brutalism feel kind of refreshing,” explained Rebecca Cardamone, director at Ace Property Agency.

“There’s something nice about the honesty and simplicity in those concrete forms; it just cuts through all the noise. What was once seen as cold or harsh is now viewed as an intentional and practical design choice.”

The use of concrete mixed with organic elements like timber, natural stone and glass creates a sense of “barefoot luxury.” Picture: realestate.com.au

This sentiment is echoed by Steven Tropoulos, group director at finance and property advisory consultancy, Highfield Private.

“From what I’m observing with my clients, whether they’re upgrading, investing, or building, is that they are increasingly drawn to these properties because they represent strength, privacy, and timelessness,” he told realestate.com.au.

“Buyers are re-evaluating Brutalism through a lifestyle lens. They’re drawn to the authenticity of raw concrete, the permanence of the structures, and the fact that these homes feel unashamedly solid in a fast-changing world.”

Originally named the MLC Centre, 25 Martin Place in Sydney was designed by Harry Seidler, known for his Brutalist designs. Picture: Getty

Beyond aesthetics, the movement speaks to a growing demand for sustainability. Repurposing existing structures is a win-win, but even new Brutalist-inspired homes are celebrated for their longevity. The inherent strength of concrete means these buildings are designed to last for generations.

From eyesore to icon 

Ironically, while Brutalism’s foundational principles were centred around building inclusive public spaces, today’s Brutalist style is more often being applied to high-end residential projects. This is partly due to its striking geometry and dramatic visual contrasts, which make the style highly photogenic and wildly popular on platforms like Instagram and Pinterest.

“It’s not just because it looks cool on Instagram but because it feels exclusive, especially when you’re using heavy, raw materials like concrete in a really clean, considered way,” said Ms Cardamone.

“In high-end homes, that solid, sculptural look stands out from all the generic glass boxes you see everywhere, and as a designer, I can really appreciate that type of design. In luxe properties, it’s also crucial to create spaces that feel timeless rather than trendy, and the use of bold, sculptural forms helps to create that.”

Formerly used for social housing, the Sirius building is one of Sydney’s most iconic examples of Brutalist architecture. Picture: John Appleyard
The building has been transformed into luxury residential apartments, with this two bedroom unit currently on the market. Picture: realestate.com.au

The style’s minimalist philosophy and bold forms provide the perfect canvas for bespoke, premium design. The combination of the industrial texture of concrete with organic elements like timber, natural stone and glass creates a sense of “barefoot luxury,” as seen in many contemporary builds.

“High-net-worth buyers want statement properties that set them apart,” commented Mr Tropoulos.

“I’ve observed luxury clients deliberately seeking homes that are architecturally daring — they don’t want another glass-box McMansion.

“If we look at the Sirius building in Sydney or Iwanoff’s homes in WA, they carry a sense of cultural weight, and buyers want to be associated with that kind of pedigree.

“The scale and drama of Brutalist design lends itself to luxury now. My clients love high ceilings, big volumes, and seamless indoor-outdoor flow — Brutalism delivers that through its bold geometry.”

Marsala house is one of Iwanoff’s most striking properties. Picture: realestate.com.au

But Mr Tropoulos said buyers want the Brutalist look, not the chill.

“Developers and architects are softening it with landscaping, natural light, and warmer interior finishes. So, I see it less as a fad and more as a design style that will continue influencing the top end of the market, especially in coastal and prestige suburbs.”

Ms Cardamone agrees: “All trends come and go, so it’s hard to say how long it will stick around. However, I do believe it will just evolve and you’ll find many architects experimenting with the foundations but adding other playful or warm features.”

4 Brutalist homes on the market

Wondering what this Brutalist renaissance look like in reality? From coastal fortresses to inner-city havens, here’s a closer look at eight properties currently on the market that showcase the Aussie Brutalist revival 

Coastal clifftop stunner

Perched on the headlands with panoramic ocean views, this architecturally designed home at 40 Dovers Drive, Port Kembla is described as a “marriage of Brutalist, industrial, and Mediterranean coastal styles.”

Arguably Port Kembla’s most striking home, it blends Brutalist, industrial, and Mediterranean coastal styles. Picture: realestate.com.au

The use of imported Dekton tiles and dolomite marble, alongside striking concrete forms, creates a sophisticated, high-end sanctuary.

“This home shows how Brutalism thrives on context,” said Mr Tropoulos. “Perched above the coast, the raw concrete facade mirrors the ruggedness of the cliffs and ocean. From a buyer’s perspective, it offers not just a house but a statement of permanence against the elements. For my clients, that blend of industrial strength with sweeping ocean views creates both privacy and drama — exactly what luxury buyers are paying for.”

The home sits along the suburb’s most exclusive street, with a price guide of $11.8m.

Near new build in exclusive beachside suburb

Mr Tropoulos highlights this Cottesloe residence at 60 Grant Street as a prime example of the style’s luxury appeal.

The near new residence was built in 2022. Picture: realestate.com.au

“The interplay of shadow and texture in this property are Brutalist hallmarks, and the beachside setting makes it desirable to buyers who want both a design statement pedigree and lifestyle convenience.”

Contemporary beachside elegance

Palm Beach has always been synonymous with prestige, but Mr Tropoulos said but this home at 28 Pacific Road shows how Brutalism can reinterpret the classic, coastal holiday house.

Clean lines frame the cinematic outlook. Picture: realestate.com.au

“Its clean lines and heavy horizontals frame the sea, creating a fortress-like privacy that many luxury clients now demand in holiday homes.”

Enduring, premium living

Another home demonstrating the appeal of Brutalist materials in withstanding the rugged coastline is this north-facing property in Barwon Heads.

The mix of concrete and natural elements create a sense of modern luxe. Picture: realestate.com.au

Set over a substantial 1518 sqm block between the fairways of Barwon Heads Golf Club and 13th Beach, the home is built from concrete, steel, and glass.

It is on the market with a price guide of $4.95m – $5.4m.

The post A concrete revival: Brutalist architecture makes a striking return appeared first on realestate.com.au.

October 10, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-10-10 12:00:332025-10-10 12:00:33A concrete revival: Brutalist architecture makes a striking return

Jaw-dropping transformation of 70s brick home in top Melbourne suburb

Showcasing the ultimate in modern luxury, this brand new Melbourne home complete with pool, and tennis court leaves nothing wanting.

This stunning brand new home in Camberwell fulfils every desire of modern living, from the high end finishes to the large shimmering pool and guest’s residence.

What was once a humble brick home is now a high-end residence with pool and tennis court. Picture: realestate.com.au

Once home to a humble 1970s brick family residence, this large 1136 sqm site at 13 Allambee Avenue has undergone an impressive transformation since it was snapped up by a local builder for $3.391 million in May 2024.

A stunning new two-storey main residence built in its place offers family resort-style living, from the elegant custom details to the entertainment areas.

“It’s hard to see where this one really doesn’t tick the box on pretty much every criteria that most buyers are after,” Mike Beardsley of Jellis Craig Boroondara said.

The home has been rebuilt from the ground up. Picture: realestate.com.au

“It was bought by a local builder who’s done a number of new builds in the area. All their homes sell very well because they produce quality and with a large team behind them, they produce something the market certainly resonates with.”

Highlights of the impressive interior include a second foyer entry lined with heated cobblestones beneath a feature porthole ceiling, expansive glass walls, a New York-style bar, and huge island bench and butler’s pantry in the well-appointed kitchen.

The impressive entry. Picture: realestate.com.au

The ground floor main bedroom includes a sitting area, built-in storage, dressing station and ensuite with double vanity and walk-in shower.

Upstairs, you can find a study and another four bedrooms, two of them with ensuites.

The home’s interior boasts multiple living zones and enjoys north facing views of the tennis court and leafy gardens.

Views of the 14m swimming pool and tennis court. Picture: realestate.com.au

The resort-style backyard includes a shimmering 14-metre pool, spa and alfresco shower as well as the night-lit tennis court, gym, sauna and ensuite.

The second residence is self-contained and includes a full kitchen, open living and dining area, bathroom, lounge and bedroom with ensuite, perfect to accommodate guests or family.

The second residence has a full kitchen. Picture: realestate.com.au

Mr Beardsley said the property – advertised with a price guide of $6.75 – $7.25 million – has so far drawn the interest of mostly young families and upsizers from the local area as well as interstate.

“It will be I feel trailblazing for the area, based on the quality that is drawing people there,” he said.

“There’s nothing really sold in and around the Allambee Avenue like that.

“It’s just very hard to find fault with it for that buyer profile – the upsizing growing family, sending their kids to private schools in the area. There’s no box it doesn’t tick, from an entertainer’s home where kids have got plenty to do, to parents also looked after as well with the pool and tennis court.”

The home has six bedrooms and seven bathrooms. Picture: realestate.com.au

The property is within walking distance from coveted private schools and village cafes, shops, trams, trains and parklands.

“It’s one of the best properties to hit the market this year because of the quality and lifestyle it offers,” Mr Beardsley added.

Expressions of interest close October 28.

The post Jaw-dropping transformation of 70s brick home in top Melbourne suburb appeared first on realestate.com.au.

October 10, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-10-10 12:00:332025-10-10 12:00:33Jaw-dropping transformation of 70s brick home in top Melbourne suburb

Teneriffe home has ‘wow factor’ and uber-cool industrial vibe

247 Kent Street, Teneriffe

Set into the Teneriffe hillside, a one-of-a-kind architect-designed home offers sensational views, a premium location, and a funky industrial vibe.

Known as ‘The Pavilion’, the home was designed by award winning architect Dan Sparks and was completed in 2010.

Spanning four interconnected levels, it features five bedrooms, multiple living spaces, a wine cellar, guest house, and 13m infinity edge lap pool.

247 Kent Street, Teneriffe

Michael Zhang bought the striking Kent St residence as his family home in 2022 after falling in love with its unique design.

“Most Teneriffe and New Farm properties are pre-war or older,” Mr Zhang said.

“This is irreplaceable as it’s quite rare to have a vacant block in this area to build whatever design you want.”

247 Kent Street, Teneriffe

Key to the home’s architecture is its embrace of all available views and its abundance of natural light.

“The architect calculated how the sun moves throughout the year and has managed to capture maximum sunlight in winter but in summer has blocked the western sun to keep the house cool,” Mr Zhang said.

“And then there’s the views. You can see over the river to Hamilton Hill and you can also see the Story Bridge and city from the balcony.”

247 Kent Street, Teneriffe

The home is stepped into the hillside and boats a four-car garage, guest room, and rumpus on the lower level, while a lift connects each of the floors.

On the second level, the property features a flat grassed area, heated swimming pool, and covered walkway from the main residence to a guest house that comes complete with lounge area and bathroom.

247 Kent Street, Teneriffe

Meanwhile, the third level is the central living zone, and includes a Miele kitchen, open plan lounge and dining space, entertaining deck, and two balconies.

“We spend most of our time as a family in the living room, and it’s also great for entertaining,” Mr Zhang said.

“The living room has these double height ceilings and it’s a great room to gather in, but there are also lots of spaces to retreat to where you can enjoy a quiet conversation.”

247 Kent Street, Teneriffe

Upstairs is a mezzanine level dedicated to the master suite, with a retractable wall for privacy and its own personal balcony.

“It’s definitely a house with the wow factor,” Mr Zhang said.

“It’s so cleverly designed with everything connected and once you’re inside, it feels huge.”

The contemporary style offers a nod to the industrial courtesy of native Australian timber, concrete, glass, cantilevered decks, and soaring voids, complimented by a tropical low-maintenance garden.

247 Kent Street, Teneriffe

“I love the landscaping,” Mr Zhang said.

“It’s a very elevated, private garden.”

247 Kent Street, Teneriffe

The home also comes with eco and tech credentials including a full security system, 20kW solar, and smart home integration.

Meanwhile, the property is located in a sought-after Teneriffe street, within walking distance of parks, shops, and the river

“It’s elevated above Teneriffe, but is just one street away from Teneriffe Dr, so it’s close to James St and Newstead,” Mr Zhang said.

“There’s lots within walking distance but it’s still a standalone house, rather than an apartment.”

247 Kent Street, Teneriffe

‘The Pavilion’ is listed with Matt Lancashire and Ben Osborne of Ray White New Farm and is set to go to auction on November 1.

* Due to a production error the wrong photos of 247 Kent St, Teneriffe, were used inside the Courier Mail Realestate magazine. We apologise for this error. The photos used in the above story are correct photos of the property.

The post Teneriffe home has ‘wow factor’ and uber-cool industrial vibe appeared first on realestate.com.au.

October 10, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-10-10 12:00:322025-10-10 12:00:32Teneriffe home has ‘wow factor’ and uber-cool industrial vibe

Fisho’s paradise: Suburban home for sale includes barramundi-stocked dam

You wouldn’t know from the street, but this family home features an enormous freshwater dam in the backyard that’s teeming with wildlife.

Sitting on a quiet residential street in Zilzie, near Rockhampton, 16A Sorrento Way gives little indication of the surprise waiting in the backyard.

Although it looks normal from the street, this four-bedroom house includes a giant dam in the backyard. Picture: realestate.com.au/buy

The recently-built four-bedroom home at first glance appears quite similar to the surrounding properties.

But its wider street frontage and oversized garage does offer clues that there is something special about this particular property.

The dam takes up most of the sprawling backyard. Picture: realestate.com.au/buy

Instead of sitting on an 800sqm block like most of the other houses on the street, the home occupies a 3-acre landholding, most of which is taken up by the large dam which measures approximately 170 metres long and 30 metres wide.

The huge body of water in the sprawling backyard makes an ideal playground for outdoor enthusiasts, with the pontoon offering the perfect spot to launch a kayak.

A deck and pontoon take advantage of the impressive water feature. Picture: realestate.com.au/buy

It also includes a thriving wetland ecosystem that helps purify the water and attracts birdlife.

But the dam water isn’t purely decorative – it actually has an important function in protecting properties in the area from flooding, said real estate agent Bradd Dillon of Emu Park Real Estate, who is selling the property.

The dam’s wetland system helps purify the water. Picture: realestate.com.au/buy

“The whole estate was designed so that if there ever was a storm surge, all the lakes would fill up,” he said.

“The dam catches stormwater from around that area, and it’s basically good freshwater because it’s got all the lilies in it.”

The dam is stocked with barramundi, making it the perfect property for keen fishers. Picture: realestate.com.au/buy

Mr Dillon said the unusual backyard feature would generate interest from “pretty keen fishos”, especially given the current owners had stocked the dam with fish.

“They put about 250 fingerlings of barramundi in there five or six years ago,” Mr Dillon said. “There’s also bony bream and eels.”

A cavernous shed offers plenty of storage space. Picture: realestate.com.au/buy

Aside from the dam, the spacious property includes plenty of other mod-cons, including a swimming pool, sauna, and a large covered patio.

In addition to the double garage, the huge 10-metre wide high-clearance shed with attached carport is suitable for all manner of vehicles or tinkering.

In addition to the dam, the backyard includes a pool and sauna. Picture: realestate.com.au/buy

Although it’s the kind of home many people would never want to leave, the owners are embarking on new adventures and have put it up for sale for offers above $1.45 million.

“They’re selling up and going travelling,” Mr Dillon said.

The post Fisho’s paradise: Suburban home for sale includes barramundi-stocked dam appeared first on realestate.com.au.

October 10, 2025/0 Comments/by JKents
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I closed a $4M crypto asset depletion loan

This month, we secured underwriting approval on one of the most unique loans I’ve ever worked on: a $4 million non-QM mortgage using crypto asset depletion to qualify. The borrower? A first-time homebuyer buying an $8 million home.

But this deal didn’t start with a win.

One of the nation’s biggest banks denied him a few months back, when he started his pre-approval.
Then another lender strung him along once he went under contract, burned through 2.5 weeks of his financing contingency, and ultimately told him they couldn’t close.
By the time he came to us, the clock was ticking.
Here’s how we got it done:

  • The borrower holds substantial crypto assets in off-exchange XRP wallets
  • No traditional income docs
  • No need to liquidate the crypto or move it to an exchange
  • Income calculated via asset depletion
  • Ownership verified via “Proof of Satoshi” (small test transfers to verify control of the wallets)

This approach gave the underwriter visibility into his holdings without requiring liquidation. And because it’s all on the blockchain, it’s arguably more transparent than a standard brokerage account.

Even from a servicing standpoint, this sets up a new model, where wallet balances can be monitored long after closing to assess financial health in real time.
The crypto industry is here to stay. It’s a financial tool that more and more of our borrowers are actively using, and it’s refreshing to see lenders and regulators beginning to acknowledge that reality.

If you’re a LO, now’s the time to lean in. Study new loan products. Get curious about niches you haven’t explored. Because every time you level up your knowledge, you open the door for someone who thought homeownership wasn’t an option.

October 10, 2025/0 Comments/by JKents
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From simple automation to embedded intelligence: The future of AI in mortgage lending

At Blend Forum 2025, our annual executive gathering where more than 100 leaders from the nation’s top banks, credit unions, and IMBs came together to talk about the future of lending, one theme stood out. In his opening keynote, Nima Ghamsari, Co-Founder and Head of Blend, put it plainly: the speed of technology adoption is now the defining advantage for lenders.

Institutions that move quickly from pilots to practice, with use cases that lower costs and strengthen relationships, will set the pace for the industry. The urgency of that message carried through every discussion. Lenders don’t need more bolt-on tools that add complexity. They need intelligent systems that sit at the core of origination and actually execute the work.

Beyond digitization

The industry has spent the last decade investing heavily in digitization. Online applications, e-signatures, borrower portals, and automated verifications have transformed the front end of the borrower experience. Those investments paid off in higher pull-through rates, shorter cycle times, and better engagement.

But the core economics haven’t changed. Origination still costs $10–12K per loan, cycle times average 20–30 days, and exceptions still send files back to human hands. What digitization modernized were the touchpoints, not the process itself. Files sit in queues, documents are checked manually, and quality control happens after the fact.

The result is an industry weighed down by rigid workflows while consumer expectations and market pressures accelerate.

Why agentic AI is a step change

The opportunity for AI in mortgage lending isn’t just about making existing steps faster. It’s about rethinking how the process moves altogether. Traditional rules-based automation can pass a file along, but it breaks down in the gray areas where most lending actually happens.

Agentic AI changes that equation. These systems interpret information, reconcile inconsistencies, and act on their own while knowing when to bring in a human for oversight. Documents aren’t just digitized, they’re understood. Conditions aren’t just flagged, they’re resolved. Origination becomes less about processing and more about managing outcomes.

This represents a true step change: from static workflows to dynamic, continuously executing systems. It’s the difference between an assembly line that halts whenever something doesn’t fit and a system that adapts instantly to keep production moving.

Early pilots point to what’s next


The shift from theory to practice is already underway. Forward-looking lenders are piloting agentic AI capabilities that move beyond surface-level automation and into the execution layer of origination. Blend is testing applied use cases within its platform to show how AI can handle more of the heavy lifting across the lifecycle.

Document intelligence now classifies and verifies files in seconds, pulling out critical data and flagging discrepancies that once required hours of review. Conversational intelligence is helping loan officers by summarizing calls, surfacing intent signals, and providing real-time coaching that strengthens both compliance and conversion.

Another promising area is quality control. Manual audits of hundreds of documents and thousands of checks have long been a drag on productivity and a source of costly risk. Early pilots show that AI can perform this review dynamically, producing a transparent quality score in minutes. The outcome is not just efficiency but stronger loan quality and greater investor confidence.

Together, these pilots illustrate what the next chapter of origination could look like: a system where AI is not a side feature but an active participant in moving loans forward.

The competitive imperative

These examples show what’s possible, but they also highlight a widening gap between experimentation and enterprise value. According to recent studies, 80% of institutions are experimenting with AI, yet fewer than 5% have taken those efforts into production. Too many initiatives remain siloed, disconnected from workflows, and ultimately fail to deliver measurable outcomes.

That tension surfaced clearly at our AI Roundtable. Some lenders are just beginning, testing AI in narrow use cases like document review. Others are piloting broader applications such as internal copilots or knowledge repositories, but struggle with scaling governance, data quality, and adoption across the enterprise. In many cases, individual employees are experimenting faster than corporate programs can keep up, creating a patchwork of adoption levels inside the same organization.

For lenders, the challenge is no longer whether AI works in theory. It’s about moving from scattered pilots to systems that materially impact cost, certainty, and growth. Institutions that embed intelligence at the core of origination, rather than bolting it on at the edges, will pull ahead in both efficiency and borrower experience

Looking ahead


The future of lending belongs to those who adopt systems that don’t just digitize processes but actually think and act on their own. By moving beyond experimentation and embedding intelligence into the execution layer, lenders can create a fundamentally different operating model — one defined by speed, certainty, and trust.

Click Here

October 10, 2025/0 Comments/by JKents
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RE/MAX, Keller Williams lead brands in first-ever RealTrends Verified City rankings

For the first time ever, America’s real estate agents and teams are ranked by production down to the city level.

The 2025 RealTrends Verified City Rankings reveal where real estate’s top professionals are making the biggest impact, and just how much production power is concentrated in local markets across the country.

“Launching our first-ever nationwide City Rankings is an exciting milestone for RealTrends Verified. By ranking agents and teams nationally, by state, and now at the city level, we’re giving professionals the ability to showcase their success where it matters most — their local market,” said Caroline Scanlon, director of RealTrends Verified.

Together, the 57,389 city-ranked agents and teams closed more than $1.32 trillion in volume and 2.1 million sides in 2024. Of these, 11,572 are newly ranked and haven’t been previously featured on the RealTrends Verified national rankings. The entire group represents 3,723 unique cities — a first-of-its-kind look at localized performance on a national scale.

The City Ranking “also opens the door for emerging agents and teams to gain recognition, strengthening both their credibility and local brand. This expansion reflects our commitment to celebrating agents and teams at every stage of their career, from local recognition to national prominence,” Scanlon said.

RE/MAX, Keller Williams, LeadingRE and Coldwell Banker top the list of the firms with the highest number of agents and teams on the city rankings.

table visualization

Agents: powering their cities

Some 41,147 agents earned a RealTrends Verified ranking, producing $615 billion in volume across nearly 970,000 sides.

Top markets for ranked agents by count:

  • New York City (372 agents)
  • Chicago (344)
  • Scottsdale, Arizona (344)
  • Houston (342)
  • Naples (336)

By production, New York City agents lead with $9.96 billion in sales, followed closely by Beverly Hills, California, and Dallas — a clear signal of where luxury meets velocity.

Teams: scale meets strategy

16,242 teams were ranked, representing $708 billion in volume and more than 1.1 million sides.
The most represented markets?

  • New York City (334 teams)
  • Chicago (218)
  • Dallas (197)
  • Denver (147)
  • Austin (146)

Top-producing team markets tell a story of scale and diversity — from Scottsdale’s 17,000 sides to New York City’s $21.6 billion in team volume.

Inside the data: team size trends

Even within teams, production power varies dramatically:

  • Small teams dominate by count (11,611), with NYC and Dallas leading in both sides and volume.
  • Mega teams — just 565 nationwide — deliver outsized results, with Scottsdale’s nine mega teams closing 12,820 sides totaling $6.65 billion.

Spotlight: New York City

It’s no surprise that the nation’s biggest market holds the top spot overall, but it’s Manhattan that does the heavy lifting. Across all boroughs, NYC entries totaled 706, combining for $31.55 billion in volume and 16,902 sides.

  • Manhattan: $22.85B
  • Brooklyn: $7.76B
  • Queens, Staten Island and the Bronx round out the list — proof that New York real estate dominance extends well beyond the island.

Why it matters

For the first time, agents and teams can see how they rank within their own cities (where they are physically located) and how local markets stack up nationally.

The RealTrends Verified City Rankings offer the clearest, most transparent view yet of where America’s real estate production happens — and who’s driving it.

October 10, 2025/0 Comments/by JKents
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Fifth Third grows mortgage lending to $5.2B, plans Southern expansion

Fifth Third Bank says it has originated more than $5.2 billion in mortgages so far in 2025, ranking among the top 45 U.S. lenders and top 15 banks.

The Cincinnati-based bank, already a top 10 mortgage servicer, said it has grown market share in 90% of its key markets this year as it continues to expand its mortgage operations.

This week, Fifth Third announced that it’s acquiring Comerica in an all-stock transaction valued at $10.9 billion. The transaction is expected to close by the end of first-quarter 2026.

The deal will create the ninth-largest U.S. bank with $288 billion in assets. This will enhance its consumer and commercial banking capabilities, according to James Sias, the bank’s head of mortgage lending and indirect dealer services.

“It’s going to get us the No. 1 deposit share in Michigan, which is a big deal, and unlocks about $2 billion in deposit growth opportunity for us in the state, above and beyond being No. 1 today,” Sias said in an interview with HousingWire. “It’ll take us to No. 2 overall across our Midwest footprint and give us a top-five position in all of our Midwest states and every major MSA that we serve.

“On the Southeast side, we’re expanding our presence into some of the fastest-growing markets in the U.S. We’ll be in 17 of the top 20 fastest-growing large metros in the country, and specifically in regard to new retail banking markets, Texas and California,” he added.

“In Texas, it’s going to allow us to achieve a pretty rapid density quickly. They’ve got, I think, 101 branches there today, and as part of the announcement, we said we would be investing in and building 150 new de novos over the next four or five years. And so we’ll be up to 250-ish branches by 2030.”

Speaking at HousingWire’s Mortgage Banking Summit on Tuesday, Sias said mortgages remain central to the bank’s strategy. “Mortgage isn’t just a product; it’s the ultimate relationship builder,” he said.

According to the bank, households with mortgages are significantly more likely to remain long-term customers than those that only have checking accounts, with retention rates improving in recent years. Fifth Third said mortgages have also helped drive new deposits through its relationship pricing program and expansion in Southern markets.

Under Jay Plum, who became head of consumer lending in 2023, Fifth Third has expanded its leadership team and launched programs aimed at first-time homebuyers and affordable lending. The bank reported a 16% increase in mortgage volume from 2023 to 2024, along with a 39% rise in retail and direct lending.

Fifth Third also said home equity lending volume rose 60% year over year in 2025. The bank highlighted its Neighborhood Program, which has invested $255 million across 10 neighborhoods to support housing and economic development.

Opportunities in Southern states, home equity lending

Sias said the bank’s growth is being driven by a focus on “advice-led lending” and an expansion of local sales teams to better serve homebuyers.

“We see tremendous opportunity in Florida,” Sias said, noting the bank operates about 180 branches in the state but remains “significantly undersized” in mortgage lending. Fifth Third plans to double its sales force there and selectively hire experienced mortgage loan officers, he noted.

Beyond Florida, Sias cited opportunities in the Carolinas, Tennessee and Georgia, which are other areas where the bank’s footprint and sales teams remain smaller relative to its market potential. “We’re undersized in all those markets relative to where we could be today,” he said.

Sias said Fifth Third’s strategy centers on supporting its existing branch network, raising awareness that the bank is “in the mortgage business,” and continuing to grow its sales force without overpaying for talent. “We want to bring on the right people who buy into our vision and our ‘family, not a file’ philosophy,” he said.

The upcoming acquisition of Comerica will open additional growth opportunities in Texas and California, Sias said. Fifth Third aims to hire 30 to 50 loan officers in Texas over the next two years.

Population growth and migration patterns are also influencing strategy. “We’ve done a lot of research around high-growth markets,” Sias said. “We have to follow the population, and all those markets are growing faster than the national average.”

To serve a broader customer base, Sias said Fifth Third offers more than 40 mortgage products. These include programs for first-time homebuyers, construction and renovation loans, affordable housing options and multiple down payment assistance programs. The bank also participates in state bond programs across its 11-state footprint.

Sias said Fifth Third has seen increased demand for home equity and rehabilitation loans as homeowners with low fixed-rate mortgages choose to renovate instead of move. “Our home equity business has grown materially over the past 12 to 18 months,” he said.

October 10, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-10-10 12:00:322025-10-10 12:00:32Fifth Third grows mortgage lending to $5.2B, plans Southern expansion

An interactive look inside the new-inventory run that’s losing steam

In its recurring series of interactive maps and charts, Inman’s data team brings hyperlocal listing data to real estate agents and brokerage leaders.

October 10, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-10-10 00:00:112025-10-10 00:00:11An interactive look inside the new-inventory run that’s losing steam

Inflation vs. signing a new lease in Manhattan: Which is more painful?

Inflation is hurting consumers, but Manhattan median rent, which is outpacing the rate of inflation, appears even more painful.

For the second time, Manhattan median rent showed a large year-over-year increase, but fell shy of a new record, according to the latest edition of the Elliman Report for Manhattan, Brooklyn, and Queens rental markets. Median rent was $4,550 last month, an increase of 8.3 percent compared to September 2024.

Manhattan median rent continues to rise faster than the rate of inflation, wrote Jonathan Miller, president and CEO of appraisal firm Miller Samuel and author of the report. The current U.S. inflation rate is 2.9 percent for the 12-month period ending August 2025.

New leases fell annually in September for the third time, dropping 1 percent, according to the Elliman Report.

Bidding wars were involved in more than one out of five new leases in September and listings fell annually for the third time, dropping 7.9 percent. The vacancy rate was 2.11 percent, which is lower than normal for the Manhattan rental market.

Bidding wars for one in three Brooklyn rentals

Brooklyn median rent climbed annually for the seventh month to the second highest on record, increasing 7.5 percent to $3,925, according to the report.

New leases fell annually for the third time, dropping 6.7 percent in September. Bidding wars were involved in one out of three rentals. Listings remained essentially flat: there was a 0.1 percent decline from September 2024.

New leases fall in Queens for the third time

Median rent for the Northwest Queens region covered by the report was $3,650 last month, an increase of 4.3 percent compared to September 2024.

New leases fell year over year for the third time and nearly one out of four new rentals had a bidding war.

‘Limited availability props up rents’

The Corcoran Group also released Manhattan and Brooklyn rental reports for September. Gary Malin, COO at Corcoran, said that Manhattan’s limited availability is keeping rents high.

With “vacancy falling to its lowest level in four years, the borough continues to command premium pricing, especially in doorman buildings,” he said. “It remains one of the most sought-after and competitive housing destinations in the country.”

The Brooklyn rental market appears more “balanced,” Malin noted.

“Inventory was less of an issue in the borough,” he said, thanks to more availability last month than in previous Septembers.

“Brooklyn continues to attract renters who are seeking space, overall value, and community. Its performance in September reflects a market that’s comparatively resilient and responsive to ever-shifting demand,” Malin said.

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October 10, 2025/0 Comments/by JKents
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