Luxury is an experience not a price point
The most powerful passports of 2025: The US and the UK fall, while India rises

The small nation-state of Singapore again tops Henley Passport Index, followed by Japan and South Korea which are tied for second place.
Read MorePennyMac, the top dog in correspondent, says its broker business is booming

PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $136.5 million for Q2 2025 on revenue of $444.7 million, which executives attributed to big strides made in the broker channel and a servicing portfolio that has surpassed $700 billion UPB. During the earnings call, CEO and Ch
Read MoreeXp team leader David Brooke on how to overcome industry myths

On this week’s episode of the RealTrending podcast, host Tracey Velt sits down with David Brooke — founder of the Brooke Team at eXp Realty — for a candid conversation about the challenges and rewards of team leadership in today’s real estate landscape.From navigating team turnover and agent burnout
Read MoreFinal Offer joins LeadingRE preferred vendor program

Leading Real Estate Companies of the World (LeadingRE) has added digital listing and offer negotiation platform Final Offer to its Solutions Group — a curated program of preferred business resources available to its global network of 550-plus real estate firms.Final Offer provides tools that allow l
Read MoreHomebuilders are weathering the trade war — for now
The enormous scale of the trade war initiated by President Donald Trump has the potential to upend practically every aspect of the economy, and the most vulnerable space in the real estate industry is homebuilding.Trump has targeted a number of key trading partners for homebuilders — including Canad
Read MoreFort Partners drops $25M on condo in its Seaway project in Surfside

Nearly a year after closings began, Fort Partners dropped $24.5 million on a unit in its Seaway condo project in Surfside. Records show HBV Seaway Owner, a Delaware entity managed by Nadim Ashi’s Fort Partners, bought the 4,400-square-foot unit 103 at 9149 Collins Avenue from another affiliate of t
Read MoreMost Americans retire without a savings withdrawal plan

Almost two-thirds of Americans say they worry more about running out of money in retirement than about dying — and for many, that fear may become a reality.According to a survey from retirement technology firm IRALogix, about half of America’s retirees don’t take any systematic approach to withdrawi
Read MoreMichigan title agents suspended over alleged mismanagement of escrow funds

Two Oakland County, Michigan, title insurance agents have had their licenses suspended following allegations of misappropriating millions in escrow funds.The agents are also accused of failing to cooperate with auditors and a state investigation — as well as contributing to at least one homeowner’s
Read MoreRaoul Thomas’ CGI racks up another foreclosure, could lose Miami Beach hotel

For the second time in two years, Raoul Thomas’ CGI Merchant Group could lose a South Florida hotel to foreclosure. The legal action is the latest blow to Thomas’ real estate empire, which has been significantly reduced in the past year following the seizure of other commercial properties. An affi
Read MoreBipartisan legislation aims to expand ADU financing

A bipartisan bill introduced last week in the U.S. House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs).Reps. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.) unveiled H.R. 4568 — the Supporting Upgraded Prope
Read MoreHomeStreet to sell $794M in Ginnie Mae MSRs

Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing. The transaction is scheduled to close on August 1. “As HomeStreet carried this servicing portfolio at current mar
Read MoreNAF launches multimillion-dollar marketing campaign

New American Funding (NAF) on Tuesday launched its new “Hell Yeah You’re Buying a Home” marketing campaign that’s designed to “energize and empower” the next generation of first-time homebuyers.According to a press release from the California-based mortgage lender, the campaign was crafted in collab
Read MoreDouglas Elliman launches in-house mortgage platform

Luxury real estate brokerage Douglas Elliman Real Estate has partnered with Associated Mortgage Bankers to launch an in-house mortgage platform, Elliman Capital, designed to streamline the financing process for homebuyers.Initially rolling out in Florida, the platform will expand nationwide. The mov
Read MoreIntegral plans 330 affordable and workforce housing units in Miami-Dade

Integral Group plans 330 affordable and workforce housing units in two projects in Liberty City and Homestead. In Liberty City, Atlanta-based Integral wants to develop the 170-unit Eviva Uptown Center, a Live Local Act project with a 10-story building on the northeast corner of Northwest 60th Street
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Todd Glaser and the Posner Group paid $105 million for a waterfront estate in Miami Beach that Glaser plans to knock down and replace with a spec mansion asking $300 million. Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife Suzanne sold the 2.3-acre estate at 5
Read More Medac founder’s Palm Beach house asking $12M tops signed contracts

Two listings in Palm Beach were the most expensive homes to find buyers in Palm Beach County last week. Buyers signed eight contracts between July 14 and July 20 for luxury properties in Palm Beach County, according to a market report authored by Douglas Elliman’s Eklund-Gomes team. Last week’s hom
Read MoreBusinesses are cautiously spending on corporate travel as trade uncertainty looms

Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties.
Read More$18M Five Park PH tops Miami-Dade weekly condo sales

Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 85 condo sales totaling $89.2 million from July 14 to July 20. That’s up from 75 condo sales totaling $85 million the week prior. Last week’s units sold for an average of $1,049,321, lower than the $1,133,152 average p
Read MoreHow Canadian boycotts are impacting the U.S.

In response to U.S. tariffs and President Trump's threats to annex Canada, 71% of Canadian consumers say they intend to buy fewer American products this year.
Read MoreChina's affluent are as pessimistic about the economy as they were during the Covid-19 pandemic

A study of affluent Chinese by Oliver Wyman found 22% of respondents were negative about the economy when surveyed in May, just above the 21% in October 2022.
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