Luxury is an experience not a price point
Study suggests banks are avoiding mortgages in California wildfire zones

Following the wildfires that devastated the Los Angeles area at the start of the year, a new study has emerged that suggests banks with physical locations are less likely to extend mortgages to impacted residents, while online lenders are continuing to be active.First reported by the The Washington
Read MoreGreystar picks up Coconut Creek industrial dev site for $31M

Greystar is jumping into Broward County’s industrial submarket after paying $30.5 million for a Coconut Creek development site. An affiliate of Charleston, South Carolina-based Greystar, led by CEO Bob Faith, acquired roughly 36 acres on the corner of Lyons Road and Atlantic Boulevard, records and
Read MoreInflation is almost at 2%. Will that prompt a Fed rate cut?
The good news is the preferred measure of inflation for the Federal Reserve keeps trending downward. The bad news is that the economic backdrop that could lead to lower rates keeps getting more complicated.According to new data from the U.S. Bureau of Economic Analysis (BEA), the Personal Consumptio
Read MoreNew platform aims to ease California down payment burden

Zown, a real estate platform that offers upfront financial help to homebuyers, is expanding into California with a goal to ease the burden of down payments and elevated home prices.The service has launched in the Golden State after gaining traction in Canada, where it supported more than 250 homebuy
Read MoreSun Belt holds long-term housing edge even as pandemic boomtowns struggle

The U.S. housing market is telling two very different stories as pandemic-era boomtowns are cooling rapidly while the Sun Belt’s long-term growth outlook remains strong, according to John Burns Research & Consulting.A surge in available homes is reshaping the market in regions that saw the fastest g
Read MoreKeystone plans 212-unit office-to-resi conversion near Dadeland Mall

Keystone Development + Investment is planning to create 212 apartments in Kendall through office-to-residential conversions, a rare adaptation in South Florida. Across the Northeast, developers have jumped on retrofitting office buildings into apartments, partly due to the growth of hybrid work. It
Read MoreHow Bill Pulte has reshaped FHFA and the GSEs

A key decision maker in the federal housing apparatus, the director of the Federal Housing Finance Agency (FHFA) oversees the regulator of the government-sponsored enterprises (GSEs) and the Federal Home Loan Banks.But Bill Pulte has been anything but a conventional FHFA director (pardon the term, s
Read MoreCompass updates seller disclosure form, clarifies off-MLS marketing

Compass has put forth a revised version of its seller disclosure form to clarify how its three-phase marketing strategy works — including when and how listings are shared with the public. The Compass 3-Phased Marketing Strategy Client Disclosure Form expands on a version first introduced in 2024.Upd
Read MoreKushner scores $115M construction loan for Surfside project

Kushner Companies nabbed a $115 million construction loan for a luxury apartment development it is building in Surfside, The Real Deal has learned. New York-based Kushner, led by CEO Laurent Morali and President Nicole Kushner Meyer, secured the financing from Arbor Realty Trust’s Arbor Realty SR,
Read MoreLenders bullish on spec home development in South Florida, as buyer demand remains strong

Developer James Curnin sold his waterfront La Gorce Island mansion for $60 million, after he and his wife, Jennifer, spent about four years building the Miami Beach estate. Selling the home wasn’t part of the plan, but brokers were “constantly reaching out,” and then the right offer came in. The sa
Read MoreCaviar and privacy: Airlines' business-class wars are here

American and United are revamping their international business class
Read MoreSouth Florida by the numbers: Buyout buzz

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. In the wake of the tragic Champlain Towers collapse, Florida legislators overhauled the state’s condo laws to mandate much stricter financial and structural oversight. Many
Read MoreBroward weekly condo sales drop to $26M

Broward County’s condo sales and dollar volume fell last week. Brokers closed 89 condo sales totaling $25.6 million from May 17 to May 25. The previous week, brokers closed 115 condo sales totaling $41.4 million. Last week’s units sold for an average of $287,503, lower than the $325,860 average pric
Read MoreTexas bill aimed at NAR speech code fails to advance

A Texas bill that aimed to prohibit professional and trade associations like the National Association of Realtors (NAR) from denying membership based on protected characteristics or what’s perceived to be free speech failed to advance in the state legislature Wednesday, according to Inman.Senate Bil
Read MoreThe trade war is rattling global business travel — 4 charts show how

Optimism in the global business travel sector dropped by more than half this year, according to a report published by Global Business Travel Association.
Read MoreDOJ withdraws objection to MLS PIN settlement, clearing the way for preliminary approval

The Department of Justice (DOJ) has withdrawn its objection to MLS Property Information Network (MLS PIN)’s preliminary settlement of the Nosalek commission lawsuit after the two sides negotiated amended terms.In a court filing on Thursday, MLS PIN and the plaintiffs disclosed that the former will p
Read MoreHUD OIG reveals ongoing reverse mortgage oversight priority

In compliance with a 1978 law that requires government agency watchdogs to provide semi-annual reports on their activities, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) published its report on Tuesday.While there were no new indications of scrutiny
Read MoreSERHANT. adds top agent in Florida expansion

SERHANT. has expanded its footprint to Palm Beach Island, Florida, with the addition of Gary Pohrer, a top-producing agent and longtime local resident.Pohrer, who has closed more than $2.5 billion in career sales, brings more than two decades of experience in the luxury real estate market. That incl
Read MoreNew Jersey seniors seek out home modifications to age in place

With aging-in-place preferences generally dominant among older Americans, some cities and states are putting these preferences into action by providing additional support for people who want to remain in their homes. In New Jersey, these can range from tax incentives and veterans benefits to Medicai
Read MorePhiladelphia lawmakers advance ordinance to speed affordable housing construction

In an effort to impact the housing supply crunch faced by the city of Philadelphia, municipal lawmakers have advanced legislation designed to speed the approval process for the production of affordable housing.The move, reported by Philadelphia-based NPR affiliate WHYY, represents a coordinated effo
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