DMD Ventures launched a preemptive legal strike in an attempt to stave off foreclosure of a 2-acre multifamily development site in Fort Lauderdale.  On June 13, a Naples-based lending entity managed by lawyer Anthony Korda sued Fort Lauderdale-based DMD in Broward County Circuit Court for allegedly

Lennar wants to develop 106 townhouses near Homestead, as the homebuilding giant continues its development spree in south Miami-Dade County.  The Miami-based firm, led by Stuart Miller and Jon Jaffe, proposes the Retro West complex with 11 workforce units on a 10-acre vacant site on the northwest co

It was a busy week for brokers in Palm Beach County’s condo market, with sales and dollar volume soaring.  All but one of the top 10 closings this week were units at Alina Residences in Boca Raton. Brokers closed 155 condo sales totaling $239 million from June 14 to June 22. The previous week, broke

Homebuyers in 2025 are finally getting some good news. Active housing inventory is returning to the levels we experienced before the pandemic, which means the chaotic and unhealthy housing market of the last several years is finally a thing of the past. As someone who was concerned about home prices

Billionaire developer John Catsimatidis Sr. fully leased the office space at his downtown St. Petersburg mixed-use project to a financial services firm.  Dynasty Financial Partners signed for the entire 45,000 square feet of space at the 400 Central tower, with plans to open the office next year, ac

In a move that’s unsurprising, U.S. District Court Judge Stephen Bough has granted final approval to 15 more commission lawsuit settlement agreements.Bough granted final approval to settlements negotiated in the Gibson and Keel suits during a joint hearing on Tuesday afternoon. The settling defendan

Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza.That’s evident in data from the annual State of the Nation’s Housing Report

Home prices continue to outpace last year, but at a pace that’s slowing down.The S&P CoreLogic Case-Shiller Home Price Index for April rose 2.7% year over year, a deceleration from 3.37% in March, 3.9% in February and 4.1% in January. It’s the first data for the Case-Shiller that includes the period

Christie’s International Real Estate Sereno, the largest locally owned and operated independent real estate brokerage in Northern California, is continuing its growth with the addition of five top-producing agents — formerly with Intero Real Estate Services — to its South Santa Clara County operatio

Williston Financial Group (WFG) announced the release of a new digital tool through subsidiary Volly that aims to enhance collaboration between mortgage loan officers and real estate agents.The new feature, known as Volly Network Connections, is part of the company’s broader marketing suite and offe

While the more attention-grabbing parts of Compass’s complaint in its suit against Zillow included late night calls between Robert Reffkin and “co-conspirator” Redfin CEO Glenn Kelman, and a tense meeting with Zillow executives, the complaint also detailed the business impacts Compass is feeling as

South Florida’s residential sales and dollar volume plunged in May, continuing a monthslong market slowdown. Dollar volume for Miami-Dade, Broward and Palm Beach counties dipped to $5.6 billion, down from $6.1 billion in May of last year, according to Multiple Listing Service data collected by the M

Gov. Ron DeSantis signed bills amending the state’s condo safety legislation, four years after the deadly Surfside collapse. On Monday, DeSantis signed House Bill 913 and House Bill 393 into law.  The June 24, 2021 collapse of Champlain Towers South killed 98 people overnight, ranging in age from ju

The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028.In a filing made public Monday, the CFPB said the bank “fulfilled

The Federal Reserve has come under renewed fire from the Trump administration in recent weeks as the president and key housing officials battle with Chair Jerome Powell over the direction of interest rates.On Tuesday, while speaking to members of the House Financial Services Committee, Powell was re

Look at all the variables at play in the housing market and it’s hard not to feel pessimistic about the affordability crisis.Mortgage payments continue to increase thanks to high mortgage rates, home insurance premiums are on the rise in markets vulnerable to natural disasters and the rent is still

Palm Beach County saw an uptick in signed contracts for luxury homes last week.  Buyers signed 12 contracts between June 16 and June 22 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team. Last week’s contracts reached $73.6 millio

Former condo association president Gregori Arzumanov, who is already facing a state racketeering indictment, was hit with federal charges for allegedly stealing more than $700,000 in building funds.  On June 6, a Miami federal grand jury indicted Arzumanov and a second defendant whose identity is re

Miami-Dade County’s condo sales and dollar volume surged in the third week of June, bucking the market’s traditionally slower summer pace.  Brokers closed 135 condo sales totaling $122 million from June 13 to June 21. The previous week, brokers closed 89 condo sales totaling $67.7 million.  Last wee

With mortgage rates still hovering near multi-decade highs, homeowners are opting to hold onto their ultra-low first mortgages. Instead of refinancing, they’re tapping into their equity through home equity loans and HELOCs to finance renovations, cover tuition, or consolidate high-interest debt. Len