Luxury is an experience not a price point
Mortgage delinquencies rise slightly in Q1
The delinquency rate for U.S. residential mortgages rose slightly in the first quarter of 2025. This was partially driven by an uptick in conventional loan delinquencies and rising foreclosure inventory, particularly among loans backed by the U.S. Department of Veterans Affairs (VA).The Mortgage Ban
Read MoreHUD announces $1.1B in funding for affordable housing in Tribal lands
In one of the most robust housing assistance funding announcements of the second Trump administration so far, the U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making $1.1 billion in Indian Housing Block Grant (IHBG) funding available for eligible Native Amer
Read MoreAging in place is not ‘equally accessible’ to all, study finds
Despite the overwhelming preferences of older people to age in place in their own homes — a trend that holds true across North America — there remain inequities that limit the access and ability for some older people to fulfill this desire, according to the findings of a recent study.Researchers at
Read MoreNamaste: Miami Beach board approves Alo Yoga’s planned store and health club
The Miami Beach Historic Preservation Board found clarity and balance with Alo Yoga’s plans for a new store and private health club on a dead retail corner at Collins Avenue and Lincoln Road. At a Tuesday hearing, the board voted 5-0 to approve Beverly Hills-based Alo Yoga’s revamping of a shuttered
Read MoreMBA urges overhaul of mortgage rules in letter to OMB
The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Se
Read MoreKeystone proposes 477-unit Live Local Act project in Fontainebleau
Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood. The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county
Read MoreFHA cites AI emergence as it ‘archives’ inactive policy documents
The technology posture of the federal government’s housing apparatus has been a hot topic of discussion for years. Advocates have advised — and sometimes warned — of the need to modernize the tech infrastructure at government housing agencies.With the dawn of artificial intelligence (AI) and its inc
Read MoreWestside Capital linked to $23M Coral Gables mansion purchase
An entity linked to Jakub Hejl’s real estate investment firm, Westside Capital Group, bought a renovated waterfront estate in Coral Gables for $23.4 million. Records show 6801 Granada Owner LLC, a Delaware entity, bought the mansion at 6801 Granada Boulevard from Weston Grove LLC, a Florida firm led
Read MoreRobert Rivani’s Black Lion bids adieu to Brickell, sells two commercial units for $38M
Robert Rivani’s Black Lion exited the Brickell submarket after selling a pair of commercial condos leased to fine dining restaurants for a combined $38.2 million. Black Lion affiliates sold an 8,000-square-foot commercial unit with a 3,000-square-foot patio on the first floor of the SLS Lux Brickell
Read MoreAtlantic Pacific proposes 375-unit affordable, workforce housing project in Miami’s Overtown
Atlantic Pacific Companies proposes a 375-unit project with affordable and workforce apartments in Miami. The Boca Raton-based development firm wants to build an eight-story building with 10,000 square feet of ground-floor commercial space and a 421-space garage on a portion of the site at 800 Nor
Read MoreMiami-Dade scores $112M in weekly condo sales, $28.6M PH tops list
Miami-Dade County’s condo sales and dollar volume dropped in the second week of May. Brokers closed 91 condo sales totaling $111.9 million from May 4 to May 11. The previous week, brokers closed 157 condo sales totaling $136.9 million. Last week’s units sold for an average of $1,230,121, higher than
Read MoreMore than half of the summer's top trending travel destinations are in Asia
Tokyo, Osaka, Paris and Shanghai lead the world for growth in summer travel bookings, according to a report published Monday by Mastercard Economics Institute.
Read MoreRedfin stockholder files suit over disclosures in Rocket deal
While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast. On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of
Read MoreHUD secretary defends repeal of fair housing rule
In a strongly worded op-ed, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner defended the recent repeal of the Affirmatively Furthering Fair Housing (AFFH) rule.Turner argued in The Gazette, an Iowa-based newspaper, that AFFH represented a federal overreach into local ho
Read MoreHouse bill calls for bigger SALT tax breaks
The House tax committee is looking to raise the cap on the state and local tax deduction (SALT) and formally adopt several of President Trump’s campaign tax promises as part of a multi-trillion-dollar package, Republicans’ main legislative priority.The draft legislation, introduced by the tax-writin
Read MoreGerman developers launch condo sales for Cloud One Hotel & Residences Wynwood
A German partnership is moving ahead with plans for Cloud One Hotel & Residences Wynwood, a mixed-use project with condominium and hotel components. ALP.X Group, Motel One and Büschl Group plan to launch condo sales this month, the developers told The Real Deal. They tapped Douglas Elliman to lead
Read MoreAlo Yoga stretches onto Lincoln Road, plans store and private health club
Alo Yoga is looking to activate a dead corner on Lincoln Road and Collins Avenue with a new store and private health club. The Miami Beach Historic Preservation Board is scheduled to vote on Tuesday on Beverly Hills-based Alo Yoga’s planned renovation of a former Walgreens pharmacy on the ground-fl
Read MoreMore homesellers and home sales in May
The weekly pending home sales picked up this week as expected, with 2.6% more pending home sales contracts started than a year ago.If you’re following the data closely, you know that home sales are still running at or below last year’s pace. Year to date, through the first week of May, we count 3% f
Read MoreERA Real Estate franchise affiliate announces Texas partnership
ERA Experts — a franchise affiliate of ERA Real Estate — has made a strategic investment in Austin-based Sprout Realty LLC, which will now operate as Sprout Realty ERA Powered.Leaders said the move is aimed at accelerating Sprout Realty’s growth across Austin, Waco, Dallas-Fort Worth and other parts
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Bradford Allen Investment Advisors bought the One Clearlake office tower in West Palm Beach for $45 million, marking a nearly 26 percent discount from its previous sale price four years ago. Boston-based Rockpoint and its partners sold the 18-story building at 250 South Australian Avenue, according
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