Palm Beach County’s weekly condo sales and dollar volume held steady last week.  Brokers closed 64 condo sales totaling $31.4 million from Aug. 11 to Aug. 17. The previous week, brokers closed 66 condo sales totaling $31.4 million. Last week’s units sold for an average of $491,305, higher than the $

Alchemy-ABR Investment Partners is moving forward with plans for a luxury condo project on the former Salvation Army property in Miami’s Wynwood neighborhood, The Real Deal has learned.  The developer is teaming up with Jason Haim’s Miami-based Breakers Capital and Miami-based Galapagos Global Capit

Miami-Dade County’s condo dollar volume rose last week, despite a dip in sales. Brokers closed 55 condo sales totaling $94.2 million from Aug. 11 to Aug. 17. That compares to 80 condo sales totaling $82.3 million the previous week.  Last week’s units sold for an average of $1,713,245, higher than th

Michigan cities and a bipartisan group of state lawmakers are backing a $160 million annual budget proposal aimed at increasing housing construction and rehabilitation through local zoning changes and financial incentives. Officials say it could spur 10,000 new homes over five years — or about 2,000

Bonus Homes, a real estate technology and investment firm, announced on Tuesday plans to open its headquarters in the Greater Phoenix area after raising $65.5 million in seed funding. A press release from the company said that the seed funding is from Solyco Capital, Redwood Trust, Nextview Ventures

A broker in Florida is suing the National Association of Realtors (NAR), along with state and local associations and MLSs, for alleged antitrust violations and steering homebuyers into using buyer’s agents.  Filed late last week by Jorge A. Zea in the U.S. District Court for the Southern District of

Keith Menin made gains selling a pair of commercial spaces in Coral Gables and Coconut Grove leased to his Bodega Taqueria y Tequila chain. An entity controlled by Menin, a Miami Beach-based real estate investor, recently sold a single-story building with two retail units at 315-317 Miracle Mile in

Clifford Rossi speaks from the vantage point of someone who has been inside the government-sponsored enterprises (GSEs). In different periods during the 1990s and 2000s, he served as a senior financial economist at Fannie Mae and as senior director of single-family risk management at Freddie Mac. Ro

Investor Babak Ebrahimzadeh sold an office building and an adjacent garage with mixed-use development potential in Riviera Beach’s Singer Island for $16.5 million.  Ebrahimzadeh, through his Miami-based Master Mind, sold the Ocean Blue property consisting of a five-story office building and three-le

First American Data & Analytics has released an automated valuation model that estimates monthly rent for residential properties nationwide. The product — called Procision Rental AVM — updates daily on roughly 100 million properties, including single-family homes, condominiums and homes in planned-u

Angel Nicolas, a top agent at Compass with more than $200 million in combined sales over the past year, left the brokerage to join Serhant, The Real Deal has learned.  Nicolas’ license was moved to Serhant on Monday, state licensing records show. Nicolas, a former professional baseball player, had b

Housing market dynamics have grown more favorable for buyers and sellers in August, and it’s possible that the fall of 2025 could see even better conditions if mortgage rates return to 6%. But they haven’t approached that level in nearly a year and haven’t been consistently below that threshold sinc

The National Association of Realtors (NAR) must face yet another appeal of a suit it was dismissed from earlier this summer. On Monday, plaintiff Luz de Amor Eytalis filed an appeal of the dismissal of her lawsuit against NAR, Paragon MLS Connect, Wichita Falls Association of Realtors and Texas Asso

A Georgia couple lost their longtime family home after a forged deed led to a reverse mortgage they claimed they never signed, according to reporting from WSB-TV. James and Lucretia Klucken said they began receiving notices in 2019 about repayment on a $50,000 reverse mortgage tied to James’ family

It isn’t news that ICE Mortgage Technology had planned to shut down some of its older tech systems — mainly the Encompass SDK — by Oct. 31, 2025. Users were supposed to switch to newer, API-based technology called Encompass Partner Connect (EPC) by that deadline. Now, the Halloween deadline has been

Independent mortgage banks (IMBs) delivered a pretax net production profit of $950 per loan in the second quarter of 2025, rebounding from a $28 loss in the prior quarter. The improvement was fueled by seasonality, cost reductions and higher average loan balances. The data, released on Tuesday, come

Asking dollar volume for signed contracts in Palm Beach County surged last week, rallying to a late summer high.  Buyers signed 18 contracts between Aug. 11 and Aug. 17 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes team. The homes that w

Tourists are pivoting away from Europe's traditional summer hotspots amid concerns over blistering heat and raging wildfires.

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at $2 billion and could reach $3.2 billion by 2033. More business is likely to push reverse mortgage co

A private school planned for Wellington’s K-Park and backed by billionaire Related Ross Chairman Steve Ross is set to open to students in 2028. Wingrove Academy will be operated by West Palm Beach-based ElevatED and will enroll PreK through eighth grade beginning in August 2028, South Florida Busine