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AD Mortgage flags condo reserve rules in FHFA letter

AD Mortgage has launched a public policy initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the Federal Housing Finance Agency regarding condominium financing. The initiative has already taken off running. In a July 1 policy letter addressed to Bill Pulte, director of the FHFA, AD Mortgage outlined concerns about...

Five-time DraftKings winner “Two Gun” built himself a custom Houston-area compound — now asking $11.2M

Winning big changed more than Michael Cohen’s bank account — it reshaped an entire property. Known to fellow sports bettors by the handle “Two Gun,” the Houston businessman has won $1 million on DraftKings five separate times. Rather than simply upgrading homes, he used those winnings to assemble a 12-acre compound in Katy, Texas, renaming both the private street and the estate Two Gun Way...

Former HGTV Dream Home was turned into a sprawling Florida Keys compound, now asks $14.9M

Some homes remain frozen in time. This one kept evolving. A former HGTV Dream Home, first introduced to television audiences in 2008, has returned to the spotlight after an extraordinary transformation. Now listed for $14.9 million, the waterfront estate at 139 Gimpy Gulch Drive in Islamorada bears little resemblance to the property viewers first admired nearly two decades ago. Represented by...

Greater Miami Area Resdiential Sales Post Strongest June in Three Years

Luxury Demand and Tight Supply Fuel Market Miami-Dade County's housing market extended its recovery in June, posting its strongest June sales performance in three years as total existing-home transactions climbed for a 10th consecutive month, underscoring resilient demand despite elevated mortgage rates. Total existing home sales rose 14.3% from a year earlier to 2,107 transactions, according to June 2026...

Can the housing market weather Iran conflict 2.0 and higher rates?

The housing market has held its own this year — even with higher inflation, higher oil prices, higher mortgage rates, and crazy headlines about AI taking all the jobs. But mortgage rates are right at a key level now and with the Iran conflict entering its 2.0 stage, can housing hold up?  Today’s tracker will give us a look at data that shows a slight slowdown from the previous trend, as mortgage...

How ROAD aims to boost housing supply and cut red tape

The 21st Century ROAD to Housing Act, which went into effect on July 11, includes a host of pro-housing provisions aimed at making housing easier to build and cutting red tape.  The nearly 400-page bill contains provisions aimed at streamlining federal reviews, supporting factory-built housing, expanding housing supply and incentivizing local governments to streamline housing development. It also...

California condo defect liability bill on deck after recess

Coming out of summer recess, California lawmakers will tackle condominium construction defect legislation that has cleared committees and passed one chamber. Assembly Bill 1903 is one of two condo bills introduced this year by state lawmakers. It would change condo construction defect liability rules to create a true “right-to-repair” process, letting developers fix problems before facing...

What the ROAD to Housing Act can — and can’t — do for affordability

The 21st Century ROAD to Housing Act is now law, marking what many in the housing industry consider the most significant federal housing legislation in more than three decades. The bipartisan measure aims to increase housing supply by reducing regulatory barriers, streamlining permitting, modernizing federal housing programs and expanding opportunities for homeownership. Supporters say it lays the...

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