Luxury is an experience not a price point
Bessent weighs mortgage rate risk in potential release of GSEs from conservatorship
Releasing the GSEs from conservatorship became a hot topic again this week after President Trump posted that he was giving it “serious consideration” on Wednesday, followed by a Bloomberg interview with Treasury Secretary Scott Bessent on Friday.The timing of the president’s announcement took many b
Read MoreUnited Airlines reaches 'industry-leading' labor deal with flight attendants, union says

United has reached a tentative agreement with flight attendants for a new contract.
Read MoreGoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

An existing reverse mortgage-backed securities issuer and wholesale lender is making a new play for the retail space, according to a new announcement.GoodLife Home Loans, dba of Bellevue, Wash.-based Traditional Mortgage Acceptance Corporation (TMAC), announced this week that it has launched a new r
Read MoreThis Georgia homeowner went to war with her HOA—and won

A Rockdale County, Ga., judge has approved a $40,000 settlement between the Channing Cove Homeowners Association (HOA) and Michelle Bernard — a longtime homeowner who sued the HOA over a disputed lien on her property.Bernard’s legal battle began after the HOA placed a lien on her home for a little u
Read MoreHUD publishes new reverse mortgage counseling guidance

Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information.HUD this month published a “toolk
Read MoreCentury 21 expands Colorado footprint

A long-standing central Colorado real estate firm has joined the Century 21 network, bringing more than five decades of local knowledge. First Colorado Land Office, Inc. — established in 1973 and now led by fifth-generation Salida, Colo., native Jeffrey Post — is now doing business as Century 21 Com
Read MoreHoward Hanna disavows NAR’s Clear Cooperation Policy

Howard Hanna Real Estate Services and its parent company Hanna Holdings have made their feelings about the National Association of Realtors’ (NAR) Clear Cooperation Policy (CCP) clear. In a letter sent to NAR and over 70 MLSs on Wednesday evening, company CEO Hoby Hanna called CCP “misguided” and a
Read MoreBoeing, Justice Department reach deal to avoid prosecution over deadly 737 Max crashes

Boeing and DOJ reached an agreement that will allow the aircraft maker to avoid prosecution for fraud over the deadly 737 Max charges.
Read MoreRelated nabs $231M construction loan for Pininfarina condo project in Fort Lauderdale

Related Group secured a $230.8 million construction loan for Andare Residences, a Pininfarina-designed luxury condo project in Fort Lauderdale. Coconut Grove-based Related, led by Jorge Pérez and his sons, Jon Paul and Nick Pérez, recently broke ground on the 163-unit, 46-story tower planned for th
Read MorePrime delivery: EQT pays $55M for two Broward industrial facilities

EQT Real Estate picked up a pair of Broward industrial sites, including an Amazon distribution center, for a combined $55.3 million. In Deerfield Beach, Radnor, Pennsylvania-based EQT, led by Per Franzén, dropped $37.9 million for a 158,000-square-foot facility completed in 1985, records and real es
Read MoreWhy did we just see the highest new home sales print in years?
I know this is a crazy stat, given how much the builders’ confidence is falling, but new home sales just had the highest monthly sales print in years. Can this be revised lower in the future? Yes, just like the previous months have been. But there’s a bigger story here that I’ll address because this
Read MoreFEMA rescinds strategic agency plan ahead of hurricane season

Hurricane season is set to commence on June 1, but the Federal Emergency Management Agency (FEMA) — which has been experiencing organizational challenges for the past several weeks — has reportedly rescinded its guiding plan for agency objectives and priorities, according to multiple FEMA employees
Read MoreHUD names new CIO as judge pauses mass firings at the agency

Now a little more than four months into the second Trump administration, the U.S. Department of Housing and Urban Development (HUD) has appointed a new chief information officer (CIO), Eric Sidle, with experience in the electric vehicle space and with a former position at tech giant Apple, Inc. on h
Read MoreAnywhere makes offer to buy Douglas Elliman: Bloomberg

Anywhere Real Estate has made an offer to acquire luxury brokerage firm Douglas Elliman. The offer was first reported by Bloomberg.According to Bloomberg’s sources, the bid would value Douglas Elliman at more than $4 a share. The firm’s stock ended Thursday at $2.14 a share, giving the firm a market
Read MoreBuyers shrug off economic uncertainty as new-home sales rise
New-home sales continue to be a bright spot in a housing market that’s struggling with high mortgage rates and other economic headwinds.According to a report from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new homes in April sold at seasonally adjusted annual r
Read MoreSouth Florida residential sales plunge in April, as inventory surges

Residential sales and dollar volume dropped across South Florida last month, as the slowdown continues in the tri-country region. Combined dollar volume in Miami-Dade, Broward and Palm Beach counties fell 6 percent year-over-year to about $5.6 billion, according to reports from the Miami Associatio
Read MoreHow Nashville transformed from Music City into a booming business hub

How Nashville transformed into a booming business hub
Read MoreRelated Urban, 13th Floor, Merrimac gamble on $10B downtown Miami project bid

Only one of three all-star development teams is bidding on the opportunity to build a $10 billion mixed-use complex in partnership with Miami-Dade County, The Real Deal has learned. This month, a joint venture between Related Urban, 13th Floor Investments and Merrimac Ventures submitted its proposal
Read MoreK2 Capital proposes 206-unit apartment project in Goulds

Developers Mariano Karner and Esteban Koffsmon propose a 206-unit apartment project in Goulds, amid a continuing development flurry in south Miami-Dade County. Karner and Koffsmon, through their K2 Capital Group, want to build an eight-story building with a two-level parking deck with 243 spaces at
Read MoreSouth Florida’s top deals: The biggest resi sale was a $14M Boca Raton home

🏆Residential: In South Florida, the top residential deal recorded Thursday was in Boca Raton. A trust tied to Gary Kain, executive chair of AGNC Investment Corp.’s board of directors parted with 499 South Maya Palm Drive for $14.2 million; the seller put it up for sale in January for just under $15
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