It took a layoff to make Shao Chun Chen realize he was financially independent in early 2024, giving him the flexibility to change his life.

That’s a wrap: After three months on the market, an oceanfront Palm Beach estate sold for $48.5 million to the inventor of the frozen burrito. Records show Duane and Kelly Roberts bought the mansion at 1519 North Ocean Way from Edward Mulé. Dana Koch and Allison Wren with the Corcoran Group had the

Canadian baby products mogul Maurice Pinsonnault sold an oceanfront estate in North Palm Beach’s gated Lost Tree Village for $55 million, marking the most expensive home ever sold in the enclave.  Records show Pinsonnault sold the mansion at 12032 East End to Fontaine Road LLC, a Delaware entity. Th

Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean, paid $51.2 million for Weston Road Shopping Center at 4410-4484 Weston Road, records and real estate database Vizzda show. This month, the shopping ce

D.R. Horton proposes a 247-unit residential development in south Miami-Dade County.  The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an applicati

Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law.  The amendments, unanimously approved by the House and Senate, which now await Gov. Ron De

Palm Beach County’s condo sales and dollar volume fell last week, despite a higher average sale price and price per square foot.  Brokers closed 97 condo sales totaling $69.6 million from May 4 to May 11. The previous week, brokers closed 194 condo sales totaling $96 million. Last week’s units sold

Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that.On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to st

According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data

The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a lower profile.AI Vice President Craig Steinley will cease making public appearances after an expośe by the New York Times detailed accusations against him of inappropriate comments

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision.Tex

Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers.The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add au

The delinquency rate for U.S. residential mortgages rose slightly in the first quarter of 2025. This was partially driven by an uptick in conventional loan delinquencies and rising foreclosure inventory, particularly among loans backed by the U.S. Department of Veterans Affairs (VA).The Mortgage Ban

In one of the most robust housing assistance funding announcements of the second Trump administration so far, the U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making $1.1 billion in Indian Housing Block Grant (IHBG) funding available for eligible Native Amer

Despite the overwhelming preferences of older people to age in place in their own homes — a trend that holds true across North America — there remain inequities that limit the access and ability for some older people to fulfill this desire, according to the findings of a recent study.Researchers at

The Miami Beach Historic Preservation Board found clarity and balance with Alo Yoga’s plans for a new store and private health club on a dead retail corner at Collins Avenue and Lincoln Road. At a Tuesday hearing, the board voted 5-0 to approve Beverly Hills-based Alo Yoga’s revamping of a shuttered

The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Se

Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood.  The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county

The technology posture of the federal government’s housing apparatus has been a hot topic of discussion for years. Advocates have advised — and sometimes warned — of the need to modernize the tech infrastructure at government housing agencies.With the dawn of artificial intelligence (AI) and its inc

An entity linked to Jakub Hejl’s real estate investment firm, Westside Capital Group, bought a renovated waterfront estate in Coral Gables for $23.4 million. Records show 6801 Granada Owner LLC, a Delaware entity, bought the mansion at 6801 Granada Boulevard from Weston Grove LLC, a Florida firm led