Greater Palm Beach Area Residential Sales Slip in June Amid Growing Inventory

Palm Beach County's housing market softened in June, as total home sales fell 6% year-over-year, underscoring ongoing challenges in condo financing and shifting buyer-seller dynamics, according to new data released by the Miami Association of Realtors. Total transactions dipped to 2,008 from 2,137 in June 2024, driven by declines across both single-family and condominium sectors. Single-family home sales...

Long-term health care costs are exploding. A reverse mortgage could help

As the U.S. population ages, many families are facing long-term care (LTC) issues. Most families either pay for it out of their savings or spend down these savings until they qualify for Medicaid. But there’s a group stuck between the two — those who are too “rich” for Medicaid benefits but not wealthy enough to afford 24/7 in-home care. According to a recent report from Time, about...

California wildfire rebuilding bill paused until 2026

A California wildfire recovery bill will be shelved until 2026, after a torrent of online conspiracy theories and confusion overwhelmed public discussion and policymaking, the Los Angeles Times reported. State Sen. Benjamin Allen (D-Santa Monica) announced that he would pause S.B. 549 — legislation that would have created a local authority to buy lots destroyed in the recent wildfires and offer...

Anthony Hsieh reclaims the helm at loanDepot

Anthony Hsieh is back in the CEO role at loanDepot — the company he founded in 2010 — on a permanent basis. His focus will be on returning the mortgage lender to profitability and regaining market share, the company announced on Monday.  Hsieh stepped down as CEO in April 2022 and was succeeded by industry veteran Frank Martell. But following Martell’s departure on June 4 to join SmartRent Inc.,...

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