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

Developer Giuseppe Iadisernia scored a $112 million construction loan for the east tower of his planned Oasis Hallandale condo development, bringing his total financing for the project to $197 million. New York City-based S3 Capital, led by Robert Schwartz and Joshua Crane, is providing the financin

Miami-Dade County’s condo sales and dollar volume rose last week, despite a drop in the average sale price.  Brokers closed 127 condo sales totaling $123.7 million from May 11 to May 18. The previous week, brokers closed 91 condo sales totaling $111.9 million. Last week’s units sold for an average o

Common travel scams vary by city, with travel agency and taxi problems comprising the majority of reported cases in many places, according to a report.

Following about 20 minutes of debate on the floor of the House of Representatives on Monday, H.R. 1815 — known as the V.A. Home Loan Program Reform Act — was passed by voice vote and will now be given to the Senate for additional debate.The passage by the House keeps the bill moving through the legi

The spring homebuying season is in full swing. But what is typically the busiest time of year for homebuilders has not lived up to the hype in 2025. As builders struggle to close sales, resulting in declines in builder confidence and in company revenues, many have started to pile on buyer sales ince

In November, Chicago-based mortgage lender Rate — formerly known as Guaranteed Rate — announced that it was “revamping” its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Industry veteran Jesse Allen, formerly of OneTrust Ho

Miami Worldcenter Associates listed the retail component of the mixed-use downtown Miami development for sale, The Real Deal has learned.  The developer, a joint venture led by Art Falcone, Nitin Motwani and CIM Group, is seeking offers in the $300 million-plus range for the 273,000-square-foot reta

Karim Alibhai’s Gencom and Edgardo DeFortuna’s Fortune International Group are teaming up to combine two Key Biscayne waterfront sites, consisting of a Ritz-Carlton hotel and a private beach club. The partnership, led by Miami-based Gencom, secured a $300 million loan from New York-based Blackstone