The rising cost of homeowners’ insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street. As the frequency of disasters has risen — desta

Rural areas of the U.S. that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices, limited inventory and increasing competition — pressures once thought unique to urban housing markets.“Even the term ‘affordable’ feels like a relic of the past,” said Ja

Scrap metal mogul Adam Weitsman sold his oceanfront penthouse in Sunny Isles Beach for $28.6 million, roughly $10 million off the original asking price.  Weitsman sold unit 5603 at Jade Signature, at 16901 Collins Avenue, to a land trust that obscures the true owner of the property, records show. We

John Davis, a prolific film producer in Hollywood, dropped $16.2 million on a Fisher Island condo.  Records show Davis and his wife, Jordan Davis, bought unit 7012 at 7012 Fisher Island Drive from hedge fund manager Hal Mintz and his wife, Allison Mintz.  Dora Puig with Luxe Living Realty had the li

Portman Holdings proposes a 397-unit apartment project in Pompano Beach that would replace an existing office building.  The application comes as developers increasingly are replacing aging office buildings with new projects.  Atlanta-based Portman wants to build the apartments on a 3.2-acre site at

Palm Beach County’s condo sales and dollar volume surged last week, fueled by closings at Alina Residences in Boca Raton. Brokers closed 127 condo sales totaling $102.9 million from May 11 to May 18. The previous week, brokers closed 97 condo sales totaling $69.6 million. Last week’s units sold for

Rainy Hake Austin, president of The Agency, joined Tracey Velt on this week’s episode of the RealTrending podcast to discuss the evolving landscape of real estate leadership and operations.The Agency, which is ranked No. 13 by sales volume and is the fourth-largest largest privately held independent

An entity linked to the hedge fund Alden Global Capital sold a waterfront spec house on Miami Beach’s North Bay Road for $29.5 million. 4774 North Bay LLC, a Florida entity managed by Thomas Del Bosco, sold the house at 4774 North Bay Road after just five months on the market. The deed has yet […]Th

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs.The late

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals.“How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?” A majority raised their hands.“You are al

Jose Canero’s Canero Group paid $17.3 million to acquire all the units in a Coconut Grove condo building.  Property records show Canero affiliate WNG Miami acquired Chateau Grove, a 25-unit development at 3265 Virginia Street in Miami. The two-story building, built in 1963 on a 0.9-acre lot, is zone

As Congress continues its effort to rewrite major portions of the tax code, the National Association of Realtors (NAR) unveiled new polling showing just what the American people are looking for in the legislation. The national survey shows overwhelming bipartisan support for tax provisions that stre

As part of broader housing initiatives, Republicans in both the Trump administration and in Congress are pursuing the sale of large swaths of federal land to potentially develop housing. But the Republican front is not completely united.Earlier this month, lawmakers in the House of Representatives’

A developer proposes a 42-unit condo project with workforce units in Kendall, amid a flurry of proposals for below-market rate housing in South Florida.  An entity tied to Bob Liu of Capital Partners Management and Miami-based LiuCon Development wants to build a six-story building at 8445 Southwest

As economic concerns grow, a new survey from Realtor.com shows that a significant share of prospective homebuyers may view a potential recession as an opportunity rather than a deterrent.According to the survey, 63.4% of respondents expect a recession within the next year, reflecting the highest lev

Compass announced Monday that Anchor Home — a top-producing real estate team formerly known as Stahley Thompson Homes — has joined the firm’s office in Annapolis, Maryland.Led by broker Jennifer Chino, the Anchor Home team also includes Whitney Jerdal, Angela Hays and Ashley Earle. Collectively, the

Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales. Farr, who has over a decade of leadership in the mortgage industry, will focus on helping the company grow its expansion across the West and is tasked with strengthening teams and driving per

There’s yet another new executive in the HomeServices of America ecosystem. Vince Leisey has been named the president of HSF Affiliates, the franchisor of Berkshire Hathaway HomeServices (BHHS), which is the residential real estate franchise network owned by HomeServices of America.“Vince’s passion

PMG is jumping back into the cryptocurrency buyer pool via a collaboration with Shift4, a payment processing company.  Miami-based PMG is offering the option to buyers across all of its Florida condo projects, including Waldorf Astoria Residences in Miami and St. Petersburg; E11even Club Residences

Zillow will begin a “phased rollout” of its listing access standards policy, which bans publicly marketed listings not entered into the MLS, on May 28. In a blog post on Tuesday, Zillow offered agents some clarifications and guidance on its new policy and how it will be implemented. “Publicly market