Luxury is an experience not a price point
Big-City Prices Hit Small Towns, Squeezing Out Homebuyers

From the cobblestone streets of Nantucket, MA, to the mountain peaks of Jackson, WY, some of the country’s most scenic small towns are now carrying price tags that rival major cities. Once thought of as quiet getaways or second-home destinations, these communities have become some of the most compet
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A list of America's wealthiest people has shone a bright spotlight on the real estate industry's richest men and women—revealing a small group of savvy property moguls who have achieved billionaire status. The annual Forbes 400 List is described as a "definitive ranking of the top 400 richest people
Read More Homeownership among Black Americans drops to 4-year low

The homeownership rate among Black Americans fell to 43.9% in the second quarter of 2024, the lowest level since late 2021, according to Redfin. That was down from 45.3% a year earlier and marked the steepest annual decline since the third quarter of 2021. By comparison, the Hispanic homeownership r
Read MorePaxton proposes 230-unit affordable housing complex in Princeton

A development firm proposes a 230-unit affordable housing complex in Princeton, as project applications continue to flow in south Miami-Dade County. Miami-based Paxton Development Group wants to build the Legacy Park project, consisting of a pair of seven-story buildings with 115 units each at 1385
Read MoreFannie Mae: Consumer housing sentiment slips in August

Americans grew slightly less confident about the housing market in August, as more consumers expressed concerns about job stability, selling conditions and future home prices, according to Fannie Mae’s monthly National Housing Survey. The agency’s Home Purchase Sentiment Index (HPSI) fell 0.4 points
Read MoreNeighbors sue to overturn approval for Perko and Kolter’s planned Tequesta condos

Perko Development and Kolter Urban have a new obstacle in their effort to redevelop a beachfront Tequesta condominium. It marks the latest attempt by neighbors of Beach Sound to block the condo project. The Claridge Jupiter Island Condominium Association filed a petition for writ of certiorari in P
Read MoreIvy League Universities Own Billions in Property—and Most of It Isn’t for Students

Ivy League schools are known for educating presidents, billionaires, and Nobel Prize winners. But behind their ivy-covered walls lies a lesser-known empire: vast, tax-exempt real estate portfolios. Harvard’s $53 billion endowment exceeds the GDP of 124 countries. Columbia has spent $6.3 billion expa
Read MoreBerkshire Hathaway Heir Is Pouring Millions Into Fight Against Gov. Newsom’s Redistricting Proposal

A Berkshire Hathaway heir is spending millions of his late's father's money to stop California Gov. Gavin Newsom's plan to "gerrymander" the state in favor of Democrats. "Gerrymanders are a cancer, and mid-decade gerrymanders are a metastasis," Charlie Munger Jr. wrote last week in an opinion piece
Read MoreCompass taps former NAR settlement attorney Ethan Glass as chief legal officer

Compass has appointed Ethan Glass as its new chief legal officer. Glass — a veteran antitrust lawyer — previously led the global antitrust and competition practice at Cooley LLP and directed U.S. Department of Justice teams that investigated and sued multiple listing service (MLS) organizations over
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The Rhode Island home that inspired "The Conjuring" movie franchise is set to go under the hammer in a foreclosure auction that is slated to take place—when else?—on Halloween. The 8.5-acre property with the three-bedroom farmhouse in Harrisville will go up on the block in a mortgagee's foreclosure
Read More Tech that builds trust: Insights from Tech Trendsetter Simon Moir

HousingWire’s Tech Trendsetters award was created to recognize the visionaries behind the technology that powers housing. As we open nominations for the 2025 class of Tech Trendsetters, we’re revisiting past honorees whose insights continue to shape the industry. HousingWire reached out to 2022 Tech
Read MoreLate “King of K Street’s” Palm Beach home asking $22M tops signed contracts

A Palm Beach house that belonged to a late Washington, D.C. developer known as the “King of K Street” topped signed luxury contracts in Palm Beach County last week. Buyers signed 10 contracts between Sept.1 and Sept. 7 for luxury properties in Palm Beach County, according to a market report from Dou
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Former "Real Housewives of New York City" star Bethenny Frankel has given fans a rare peek inside her luxurious Florida abode—while opening up about what it's like to live with her daughter, Bryn Hoppy, in the Sunshine State mansion. Frankel, 54, who is a lifelong New Yorker, revealed in April that
Read More Illinois’ Property Tax Crisis Is Different—Here, Falling Behind Could Cost You Everything

Since 2023, Illinois homeowners have shouldered the highest property tax burden in the nation, according to the Tax Foundation. And just two years since taking the dubious title, it’s already proving to be too much to bear for homeowners. Roland Calia, a public finance consultant with The Civic Fede
Read MoreThe next generation of homebuyers is ‘overloaded’ and confused

A new report from FirstHome IQ found that while younger generations express confidence in managing their finances, most still lack core financial literacy skills. The 2025 NextGen Financial Literacy Report, released on Monday, is based on a survey done in partnership between FirstHome IQ and Nationa
Read MoreShvo sells former Epicure development site in Miami Beach to Infinity

Michael Shvo sold his former Epicure assemblage on Alton Road, where he planned a luxury office and apartment project, to Infinity Collective, The Real Deal has learned. The sale comes as Shvo is fighting to hold onto control of the nearby Raleigh condo and hotel development on Collins Avenue, amid
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Once considered the pinnacle of wellness living, gyms and swimming pools were the go-to amenities for health-conscious homeowners. Today, affluent buyers are looking for "biohacking" amenities designed to optimize the body and extend longevity. This includes everything from cold plunges and infrared
Read More Fintech Aven raises $110M, expands into mortgage refinancing

Fintech Aven has raised $110 million in a Series E funding round, expanded into mortgage refinancing and added heavyweight advisers Lawrence Summers and Patrick McHenry to its board, the company announced Tuesday. The San Francisco-based fintech, best known for its home equity-backed credit card, is
Read MoreLower mortgage rates are ‘potential turning point’ for homebuyers
With the next interest rate decision from Federal Reserve monetary policymakers just over a week away, mortgage rates have continued their downward trajectory as many lenders and investors have priced in a cut. But the markets will need to navigate one more inflation report before the Fed’s Sept. 17
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A sprawling Montecito, CA, mansion that was used as the backdrop for Meghan Markle and Prince Harry's bombshell Netflix documentary doesn't appear to be benefiting from its brief moment in the spotlight. The 13,600-square-foot Spanish-style dwelling—which sits a short distance from the Sussexes' own
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