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Home Sales Fall in August as Higher Mortgage Rates Weigh on U.S. Buyers

Sales of previously owned U.S. homes fell in August 2026 as elevated mortgage rates continued to restrain buyers, while a growing supply of properties gave prospective purchasers more negotiating leverage. Existing-home sales declined 2.0% from July 2026 to a seasonally adjusted annual rate of 3.98 million, the National Association of Realtors said Thursday. Sales were down 1.2% from August 2025, slipping...

$19.9M Key Biscayne property offers 138 feet on Biscayne Bay — and plans for a much bigger house

In a place where waterfront is the ultimate currency, this Key Biscayne property comes with quite a lot of it. A $19.9 million property on exclusive Mashta Island offers 138 feet of frontage directly on Biscayne Bay, along with an unusually large 22,140-square-foot lot — making the land itself arguably more important than the house currently standing on it. The property, at 520 S. Mashta Drive, is...

$53M pair of mega-penthouses crowns Miami’s tallest condo tower

There are penthouses, and then there are three-level estates in the sky with their own rooftop pools, cold plunges, wellness rooms and putting greens. Cipriani Residences Miami has just unveiled two of the latter. The 950-foot Brickell tower has released its final penthouse offerings, a pair of sprawling residences collectively known as The 1931 Collection. The two homes carry a combined asking...

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