Luxury is an experience not a price point
House passes abusive trigger leads ban
The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups.The House’s action follows the U.S. Senate’s approva
Read MoreAnywhere welcomes Barri Rafferty as chief communications officer
Anywhere Real Estate has appointed Barri Rafferty as its new chief communications officer and head of public affairs. In this role Rafferty will lead Anywhere’s public relations, communications, government relations, and events and productions functions.“I’m honored to take on a new challenge at Any
Read MoreEichners score approval for mixed-use project in North Bay Village
The North Bay Village Commission voted in favor of Continuum Company’s proposal for its Continuum Waterfront District, a two-phase, mixed-use development. Commissioners unanimously approved at a meeting last week a special area plan, site plan and development agreement tied to the 2 million-plus-sq
Read MoreThe juiciest details in Compass’s lawsuit against Zillow
Given the animosity between Compass and Zillow over the portal giant’s listing standards policy, it came as little surprise when the Robert Reffkin-helmed firm filed a lawsuit against Zillow Monday morning. While the complaint contains many of the anticipated claims, including that Zillow enacted th
Read MoreAirlines divert, cancel more Middle East flights after Iran attacks U.S. military base
Airlines diverted flights in the Middle East on Monday after Iran's armed forces said the country launched a missile strike on a U.S. military base in Qatar.
Read MoreThe mortgage market hopes for rate cuts amid war moves
Global tensions between the United States and Iran have led many in the mortgage industry to wonder whether the bombing of Iran nuclear sites would move bond yields and lead to a drop in mortgage rates. On Monday, just as economists were factoring in the possibility of war with Iran, at least one me
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The waterfront lot next to billionaire Jeff Bezos’ property in the exclusive Indian Creek Village sold for $105 million. Could Bezos be the new owner? Possibly. Records show SMM Sunny Holding LLC, managed by Mikhail and Mariana Peleg, sold the 1.8-acre waterfront lot at 9 Indian Creek Island Road t
Read More Inventory is rising, but existing home sales remain in a major slump
The May existing-home sales report from the National Association of Realtors (NAR) shows sales at just 4.03 million, a 0.7% decrease year over year and up 0.8% compared to April. It was the slowest May for existing home sales since 2009 and the fourth consecutive month with a year-over-year decline
Read MoreVenezuelan TV mogul unloads $18M Fisher Island condo
A Venezuelan media mogul who U.S. authorities have charged with money laundering offloaded a Fisher Island condominium in a deal that stemmed from a legal filing in an anti-terrorism case. Planet 2 Reaching, a company tied to Venezuelan TV magnate Raúl Gorrín, parted with the 9,800-square-foot condo
Read MoreFICO to add Buy Now, Pay Later data to credit scores
Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday.The change will provide m
Read MoreRosie O’Donnell’s former Star Island estate asking $48M nabs buyer
Rosie O’Donnell’s former Star Island estate in Miami Beach entered into contract last week, leading the Eklund-Gomes report. The waterfront mansion is on the market for $48 million. Buyers signed 17 contracts for luxury properties in Miami-Dade County between June 16 and June 22, according to the r
Read MoreFed Vice Chair Michelle Bowman supports July interest rate cut
After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July.In a sp
Read MoreThe concerning math behind aging-in-place
Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home.That’s according to insu
Read MoreNo hacks, just hustle: The truth about real estate success
I’ve been in this business long enough to know the truth that most agents don’t want to hear: The road to real estate success isn’t paved with hacks or shortcuts. It’s built on consistency, accountability, and the willingness to do what’s hard, especially when you don’t feel like it.So let’s talk ab
Read MoreLease roundup: Pura Vida, Tremble on tap at Esplanade at Aventura
Pura Vida, Tremble, more | Aventura Open-air shopping center Esplanade at Aventura scored 17 tenants for a combined 54,800 square feet. This month, Tremble will open a 1,600-square-foot gym and Bank of America will open a 4,700-square-foot branch at 19505 Biscayne Boulevard in Aventura, according t
Read MoreRelated Group, partners plan workforce housing at Marina Village
Riviera Beach officials cleared a path for Related Group’s affordable arm to develop a 149-unit workforce housing project at Marina Village. The Riviera Beach City Council on Wednesday approved the replat of 2.4 acres between Broadway and Avenue C just south of East 12th Street for the Residences at
Read MoreThe Weekly Dirt: How ICE raids could affect Florida’s construction industry
Reports of federal immigration agents detaining construction workers across the state are trickling in. Six of more than 100 people who were detained by U.S. Immigration and Customs Enforcement agents in Tallahassee late last month were recently charged with illegal reentry into the U.S. Construc
Read MoreHow will mortgage rates react to US bombing of Iran?
On Saturday night, the U.S. bombed Iranian nuclear sites, sending shockwaves around the world and leading people to ask me what this means for mortgage rates. This type of global event can lead to significant market movements in oil prices, the U.S. dollar and the 10-year yield in the short term. Ho
Read MoreNew listings slowdown shows lack of home seller stress in 2025
The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing
Read MoreKolter, Perko buy out waterfront West Palm Beach condo for $38M
Kolter Group and Perko Development dropped $37.6 million on the buyout of an aging condominium in West Palm Beach across the water from Donald Trump’s Mar-a-Lago Club. The partners bought all 38 units in Flagler House at 3705 South Flagler Drive from the individual owners and terminated the condo as
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