The luxury housing market lost momentum in April as financial uncertainty prompted many high-end buyers and sellers to hold off on transactions, according to a new report from Zillow. Defined as the top 5% of home values in each region, the typical luxury home in the U.S. is now valued at about $1.8 million. Despite a slowdown in market activity, prices have continued to rise, with luxury home...
Today marked a significant development in the ongoing dialogue between President Trump and Elon Musk, as their relationship appears to have reached a critical point of conflict. The question for those in housing is: How could this impact mortgage rates moving forward? The 10-year yield saw a slight increase earlier as it reacted to the economic data released today, which resulted in a minor uptick in...
As it has grown more popular for older people to choose to age in place in their existing homes, this has become a challenge for the senior living industry. While dedicated senior living facilities can offer a sense of community and enticing amenities, the cost may often be out of reach for many potential customers, making the idea of remaining in the existing home more practical. Senior living...
Private equity billionaire Justin Ishbia, the brother of United Wholesale Mortgage CEO Mat Ishbia, has reached an agreement to acquire the Chicago White Sox from longtime owner Jerry Reinsdorf, Sportico reported on Thursday. This would give the Ishbia family ownership of a second major professional sports franchise after Mat Ishbia acquired the Phoenix Suns and Phoenix Mercury in early 2023 for a...
In the ongoing lawsuit between two leading reverse mortgage lenders over allegations of improper advertising practices, both parties recently conferred in front of a magistrate judge, but did not reach a settlement. That’s according to the court docket reviewed by HousingWire’s Reverse Mortgage Daily (RMD). The lawsuit between Longbridge Financial and Mutual of Omaha Mortgage continues to play...
This New England couple bought their Grand Cape-style house knowing they’d eventually remodel the dated kitchen. The parents of three daughters thought the overall layout worked, but they disliked the visually heavy aging wood cabinets and awkward two-level island. They wanted something light and...
In today's competitive commercial real estate market, tenants navigating the leasing process have a powerful -- and often overlooked -- ally at their disposal: the Tenant Representative. According to Jeff York, CEO of York Property Company in Dallas, Texas, Tenant Reps provide significant value by acting as dedicated advocates who guide tenants through every phase of securing the right space. Jeff...
Image Werner says REITs screen attractive today, especially on a risk-adjusted...
In a bold play to redefine how real estate is discovered on a global scale, World Property Markets -- a portfolio company of Miami, FL-based World Property Ventures -- has announced the development of a groundbreaking new real estate industry-focused AI search engine: WORLD PROPERTY SEARCH. Slated for launch next year, WORLD PROPERTY SEARCH is being positioned as the world's first AI-powered, multilingual...
Costanza Genoese Zerbi — a nationally recognized real estate agent and founder of Long Beach, California-based Costanza Genoese Zerbi & Associates — has joined eXp Realty, the company announced Tuesday. Zerbi, a veteran agent with nearly a decade of experience, brings a strong sales record to the brokerage. She closed $91 million in volume during a peak year and finished 2024 with $65 million...
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