The quarterly New York Fed foreclosure data came out for Q2, and once again — to the surprise of many doomers — the index fell slightly, still below 2019 levels. Not only that, but this week’s existing home sales report also showed housing inventory down year over year and sales slightly higher, with prices up 2.0% year over year, something that would be impossible if we had a surge of foreclosures...
New York City’s ultra-rich started the week with a reprieve from having to prove residency to avoid a pied-à-terre tax. But as the week ends, the reprieve itself proved fleeting. A state appeals judge yanked back the roadblock on Mayor Zohran Mamdani’s tax plan Thursday afternoon in a Staten Island court. Brought by three homeowners, the lawsuit that triggered the pause is now showing cracks. In...
The Northeast continues to command a disproportionate share of the nation’s hottest housing markets, with four of the top five metros located in New England or New York, according to the latest weekly HousingWire Data. Rochester, N.Y.; Hartford, Conn.; Grand Rapids, Mich.; Boston, Mass.; and Buffalo, N.Y., ranked as the nation’s five hottest single-family housing markets for the week ending Aug....
Shareholders of The Real Brokerage Inc. and REMAX Holdings Inc. on Friday approved Real’s proposed acquisition of REMAX, moving the companies closer to forming Real REMAX Group after their respective votes. The votes were held at special meetings of both companies’ security holders, according to the announcement. The proposed acquisition was first announced in April 2026. Upon closing, the...
Miami Beach has another eight-figure real estate record on the books. A newly completed waterfront estate at 270 S. Hibiscus Drive has sold for $51.5 million, setting records for both the highest sale price and highest price per square foot across the guard-gated Hibiscus and Palm Islands. The transaction comfortably surpasses the previous sale-price record of roughly $40 million, according to the...
A curbless shower can make a bathroom feel more open, with flooring that flows seamlessly into the shower. It also can improve accessibility, including allowing for wheelchair or walker access. Installing one requires more planning and precision — and sometimes a higher budget — for...
California dominates list of markets with the steepest luxury price drops The U.S. luxury housing market continued its slow retreat from the extraordinary price levels reached in recent years, but the latest data point to a market increasingly defined by regional divergence rather than a uniform national correction. The national entry threshold for the top 5% of residential listings fell to $1,250,750 in...
Mortgage brokers working with United Wholesale Mortgage (UWM) say it remains “business as usual” following the lender’s second-quarter loss and a multibillion-dollar capital raise, with no noticeable impact so far on day-to-day loan production. The Pontiac, Michigan-based wholesale lender reported last week that it lost $451.9 million in the second quarter, driven largely by a $603.2 million...
While much of the housing industry is focused on the current wave of consolidation consuming the space, real estate brokerage Side is placing its bet on local and regional independent brokerages being the future of the industry. “The prevailing narrative in the industry today is that there are going to be two or three brands that dominate real estate forever. This is not the future of the industry...
Acrisure Mortgage announced Thursday that it has appointed Todd Boss as president, succeeding Joe Nunziata, who was recently promoted to president of Acrisure Real Estate Services. Boss will oversee the day-to-day operations of Acrisure Mortgage, including its nationwide mortgage platform, sales organization and strategic growth initiatives, and will report to Nunziata, who now oversees Acrisure’s...
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