Global Super-Prime Housing Markets Rally in 2025

Dubai, Palm Beach and Miami Lead the Way Global super-prime real estate--homes sold for $10 million or more--surged into 2025 with strong momentum, as rising wealth and investor appetite fueled luxury transactions across key global cities. According to new data from the international property consultancy Knight Frank, 527 super-prime deals closed in Q1 2025, up 6% from the 498 recorded in the same quarter...

FHFA Director Bill Pulte calls on Fed Chair Powell to resign

FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post. This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointed out the challenges of finding a job right now, he said the Fed is not planning to cut rates anytime...

Trump wants Powell to lower rates. Here’s how to do that

Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way to do it? As I have written before, one reason the President is pursuing a lower Fed Funds rate is to support the...

Home flipping activity slows nationwide as profits tighten

The U.S. home flipping market showed signs of strain in the first quarter of 2025 as the number of flipped properties dropped to a six-year low and profit margins continued to erode, according to ATTOM’s Q1 2025 U.S. Home Flipping Report. A total of 67,394 single-family homes and condominiums were flipped between January and March, representing 8.3% of all home sales. While that share was up from...

15 commission lawsuit settlements are up for final approval next week

Commission lawsuit settlement agreements from 15 real estate industry players, including major names like Keyes Co./Illustrated Properties, Side, JPAR, NextHome and Baird & Warner will be up for final approval on Tuesday, June 24. The fifteen settling defendants, which come from the Gibson and Keel suits, filed a joint motion for final approval of the settlements this week. Judge Stephen R....

‘Feelings-based recession’: More Americans fearful of finances despite economic data

A rising tide of financial pessimism is washing over U.S. consumers, driven by concerns about inflation, global instability and a lack of economic clarity. At the same time, a solid majority of Americans remain optimistic about their financial future, according to TransUnion’s Consumer Pulse Study for the second quarter of 2025. The result is a nation of households that are increasingly divided on...

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