2025

U.S. Data Center Boom Tests Power Grid as AI Demand Outpaces Supply

Fueled by a surge in artificial intelligence and cloud computing demand, North America's data center market continued its blistering pace of expansion in the first half of 2025 -- but growth is running headlong into the limits of available power and infrastructure, according to new data from CBRE. Total primary market supply increased by 17.6% during the first six months of the year, yet capacity remains...

Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy

Cleveland-based CrossCountry Mortgage (CCM) has taken a different approach from competitors. Rather than pursuing mergers and acquisitions to strengthen its origination and servicing platforms, the company has focused on organic growth by acquiring mortgage servicing rights (MSRs) and building an asset management arm.   “Our servicing portfolio by year-end will be approximately $200 billion, and...

Florida homes take longer to sell as price cuts rise

Florida sellers are making adjustments this fall as homes spend longer on the market. As of Oct. 3, 44% of active single-family listings in the state show a price cut, according to HW Data. The median markdown is 4%, reflecting seller efforts to meet buyers in a slower, higher-cost market. Prices and inventory Florida has 97,525 active listings, equal to a 3.5-month supply at the current sales pace....

Cleveland nonprofit fights to halt investor homebuying wave

New research from the Federal Reserve Bank of Cleveland shows that investors now own up to one in three single-family homes in parts of Northeast Ohio — with a local nonprofit working to reverse that trend. Real estate investors were responsible for 43% of home purchases last year in some of Ohio’s and western Pennsylvania’s lowest-income neighborhoods, according to the Cleveland Fed. Much of...

How much are sellers cutting home prices?

The fall housing market is sending a clear message that sellers are adjusting expectations. The latest HW Data shows 42% of active single-family listings nationwide include a price cut. The median markdown is 4%, showing that many sellers are trimming just enough to bring buyers back to the table without significantly resetting market values. Prices and inventory Nationwide inventory totals 863,972...

How Jeff Mateja listed 90 houses in 90 days (working 9-5)

Want to hear a Realtor brag? Ask them if they like working weekends. They’ll probably tell you how they waltzed through Whole Foods without waiting in line or scored a prime patch of sand on a nearly empty beach on a Tuesday afternoon. Of course, if you’re friends with Realtors (which I highly recommend), the truth often comes out: Most would give anything to have nights and weekends off. Who...

Former home of Jane’s Addiction frontman lists in Venice, Calif. for $2.7M

The former Venice home of Jane’s Addiction frontman and Lollapalooza founder Perry Farrell has hit the market for $2,695,000 — and it’s every bit as inventive and unconventional as its original owner. Known as the Farrell House, the property was custom-designed by acclaimed architect Steven Ehrlich, FAIA, and remains one of the area’s most intriguing examples of late 20th-century modernism....

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