Palm Beach County lands $67M weekly condo sales, led by $6M Breakers unit

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 stays optimistic about agent compensation plan even as losses mount

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

Why foreclosures are still below pre-pandemic levels

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

Appraisal Institute executive accused of harassment withdraws from public appearances

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

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

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

ServiceLink expands closing technology

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

Mortgage delinquencies rise slightly in Q1

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

HUD announces $1.1B in funding for affordable housing in Tribal lands

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

Aging in place is not ‘equally accessible’ to all, study finds

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

Namaste: Miami Beach board approves Alo Yoga’s planned store and health club

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

MBA urges overhaul of mortgage rules in letter to OMB

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 proposes 477-unit Live Local Act project in Fontainebleau

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

FHA cites AI emergence as it ‘archives’ inactive policy documents

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

Westside Capital linked to $23M Coral Gables mansion purchase

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

Robert Rivani’s Black Lion bids adieu to Brickell, sells two commercial units for $38M

Robert Rivani’s Black Lion exited the Brickell submarket after selling a pair of commercial condos leased to fine dining restaurants for a combined $38.2 million. Black Lion affiliates sold an 8,000-square-foot commercial unit with a 3,000-square-foot patio on the first floor of the SLS Lux Brickell

Atlantic Pacific proposes 375-unit affordable, workforce housing project in Miami’s Overtown

Atlantic Pacific Companies proposes a 375-unit project with affordable and workforce apartments in Miami.   The Boca Raton-based development firm wants to build an eight-story building with 10,000 square feet of ground-floor commercial space and a 421-space garage on a portion of the site at 800 Nor

Miami-Dade scores $112M in weekly condo sales, $28.6M PH tops list

Miami-Dade County’s condo sales and dollar volume dropped in the second week of May. Brokers closed 91 condo sales totaling $111.9 million from May 4 to May 11. The previous week, brokers closed 157 condo sales totaling $136.9 million. Last week’s units sold for an average of $1,230,121, higher than

More than half of the summer's top trending travel destinations are in Asia

Tokyo, Osaka, Paris and Shanghai lead the world for growth in summer travel bookings, according to a report published Monday by Mastercard Economics Institute.

Redfin stockholder files suit over disclosures in Rocket deal

While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast. On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of

HUD secretary defends repeal of fair housing rule

In a strongly worded op-ed, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner defended the recent repeal of the Affirmatively Furthering Fair Housing (AFFH) rule.Turner argued in The Gazette, an Iowa-based newspaper, that AFFH represented a federal overreach into local ho