Luxury is an experience not a price point
Homebuilders have no motivation to grow permits with 7% rates
Even though new home sales showed growth last month, the homebuilders — both big and small — have no desire to grow housing permits or starts with 7% mortgage rates. Housing starts and permits peaked in 2022 and have been fluctuating at levels similar to the early stages of the COVID-19 recession fo
Read MoreCraig Robins’ Dacra, partners score $125M construction loan for Design District apartment project

Craig Robins’ Dacra and its partners landed a $125 million construction loan for a 107-unit apartment project in the Miami Design District. The deal marks continued flow of financing for South Florida multifamily development, despite a slowdown of leasing and plateauing –– and even slightly declini
Read MoreUpEquity receives warehouse facility from Silicon Valley Bank, Setpoint

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity.The funding is expected to support $1 billion in originations over the next two years
Read MoreVA loans are up 45% annually, and Gen Zers are leading the charge

Loan volume through the U.S. Department of Veterans Affairs (VA) is up 45% during the first half of 2025 compared to the same period in 2024. That’s according to an analysis of VA loan data released Wednesday by Veterans United Home Loans.The analysis, based on lending data from the first half of fi
Read MoreDevelopers propose large multifamily project on former church site in Fort Lauderdale

A group of developers are proposing a 422-unit multifamily project on a former church site in Fort Lauderdale’s Progresso Village. The plans come as redevelopment of religious sites has become gospel in South Florida real estate, with multiple projects targeting churches. While some developers repl
Read MoreLongbridge’s Bill Packer on crafting AI that’s inclusive of seniors

As more companies embrace the incorporation of artificial intelligence (AI) into their business- and customer-facing operations, a concern has emerged among firms focused on delivering services to older peopleAI training typically occurs with younger staffers, who could then incorporate unconscious
Read MoreTexas team rejoins eXp Realty amid YouTube-driven growth

Kyler Ferris — the founder of Ferris Realty in Conroe, Texas — has rejoined eXp Realty, bringing with him a 45-agent team and a reported sales volume of $164 million in 2024.The move marks a return to the national brokerage after Ferris Realty’s brief stint as an independent firm.Ferris, whose “Livi
Read MoreNAHB encourages ‘practical’ renovations for aging in place

Aging in place is gaining momentum among older homeowners, and the National Association of Home Builders (NAHB) has taken notice.The organization recently reported that 73% of homebuilding industry leaders say that requests for aging-in-place features have significantly or somewhat increased in the
Read MoreMount Sinai pays $20M for site near Blue Lagoon

Mount Sinai Medical Center of Florida is planning an urgent care center on a development site acquired for $20 million near Miami’s Blue Lagoon. An entity managed by Sedano’s Supermarkets CEO Agustin Herran sold four contiguous vacant parcels to Mount Sinai, a Miami Beach-based hospital led by CEO G
Read MoreThe pandemic made housing less affordable, but not in the obvious places
The housing affordability crisis often conjures images of coastal urban cities with acute housing supply shortages and heavy land-use regulations. While these places do tend to have the highest home prices, it’s not where costs are rising the most.That’s according to a sprawling new study from JPMor
Read MoreAttorney, tech boss sell Palm Beach house in Mar-a-Lago Security Zone for $17M

A Palm Beach couple sold their home in the Mar-a-Lago Security Zone for $17 million, marking the latest sale in the area since Donald Trump returned to office. Records show David Weisman and Jacqueline Michel sold the house at 142 Via Palma to a trust named for the address and managed by attorney La
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JetBlue Airways CEO Joanna Geraghty told staff the carrier is further cutting costs as softer travel demand makes break-even operating margins in 2025 unlikely.
Read More Compass agents have a battle plan against CCP, Zillow

The countdown is on to Zillow’s new listing standards policy, which bans publicly marketed private listings. While it’s possible for agents at any firm to end up with a banned listing, most industry observers expect that agents at Compass — a vocal critic of the Clear Cooperation Policy (CCP) and Zi
Read MoreSenate version of GOP tax bill makes key changes to housing, federal lands sections

Following its passage in the House of Representatives, the One Big Beautiful Bill Act — President Donald Trump’s signature domestic policy bill that includes tax reform provisions with major implications for the federal budget deficit — is going through a series of pronounced changes during the reco
Read MoreCentury 21 CEO talks industry consolidation, filling market gaps

As the real estate industry faces unprecedented transformation, Century 21 Real Estate has stayed active through aggressive franchise growth, market consolidation and engagement with evolving homebuyer demographics.In an in-depth conversation with HousingWire, Century 21 CEO Mike Miedler opened up a
Read MoreInvestor’s daughter gets another crack at suing Grant Cardone

A Los Angeles woman whose class action lawsuit against Grant Cardone was tossed out two years ago has another shot at making her case. Last week, a panel of three California U.S. appeals court judges reversed an October 2023 ruling that dismissed Christine Pino’s complaint against Cardone, his Aven
Read MoreAnother telemarketing suit hits the docket, this time against Compass

The Telephone Consumer Protection Act (TCPA) lawsuits against real estate companies are beginning to pile up again. Plaintiff Jessica Murch filed a TCPA suit against Compass and Compass Washington on Tuesday in U.S. District Court in Portland, Oregon.“The Plaintiff brings this action to enforce the
Read MoreERA Real Estate affiliate expands in Pennsylvania

Mountain Realty ERA Powered has acquired Miller & Associates Real Estate, an independent brokerage based in Gettysburg, Pennsylvania.The newly merged firm will operate under the Mountain Realty ERA Powered name, with a combined total of 34 agents across two offices.The acquisition expands Mountain R
Read MoreColdwell Banker Realty adds California agent, team members

Erick Fernandez — founder of the real estate group EF Homes — has joined Coldwell Banker Realty’s office in Aptos, California, marking a shift from his prior affiliation with Keller Williams.He brings more than two decades of business experience and is accompanied by EF Homes team members Laif McCle
Read MoreLuxury signed contracts drop in Palm Beach County

With buyers flying north to beat the Florida heat, they’re signing fewer contracts for luxury homes in Palm Beach County. Buyers signed nine contracts between June 9 and June 15 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team.
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