When Disaster Strikes, REITs Step In: Here’s How They’re Making a Difference

Shrink Drilling a well at Tanger Outlets Asheville after the water system stopped working following Hurricane Helene. Photo courtesy of Tanger. Expand Drilling a well at Tanger Outlets Asheville after the water system stopped working following Hurricane Helene. Photo courtesy of Tanger. After natural disasters happen in their backyards, REITs tap into their resources to care for their...

Greater Miami Area Residential Sales Cool in March

Residential real estate sales in Miami-Dade County declined in March, as total transactions fell 6.5% year-over-year, according to the Miami Association of Realtors. Sales dropped from 2,141 closings in March 2024 to 2,002 this year. Single-family home sales experienced a 7.7% decline, falling from 1,041 to 961 transactions. Despite the slower sales pace, Miami-Dade's total dollar volume rose 7.8%...

Easter-driven home sales dip masks recent growth

Last week’s pending home sales slipped to 68,000 single-family contracts — an expected Easter holiday lull that marks the first sub-2024 weekly tally in six weeks. Buyers remain mortgage rate-sensitive, of course. April’s tariff-fueled spike in U.S. Treasury yields pushed borrowing costs higher, but that’s subsiding just a bit and a typical mortgage payment is roughly 4% cheaper compared to...

Longbridge’s Melissa Macerato on the impact of new proprietary product

It’s a busy time to be in the proprietary reverse mortgage space, with new and relaunched products hitting the market and other additional features being added to existing product catalogs. Earlier this month, Longbridge Financial announced the addition of Platinum Peak, a new variation of its private fixed-rate reverse mortgage offering. The Platinum Peak product aims to offer higher available...

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