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Newsom signs balanced budget with $1.7B locked-in for housing

This time last year, California Gov. Gavin Newsom signed a state budget that included sweeping housing reforms that allowed urban residential developers to avoid rigorous environmental reviews. This year’s budget, which Newsom signed on Monday, does not carry the same historic housing reforms as last year. Instead, it is historic for balancing the budget. “For the next two years, California will...

When AI listing videos look too real: the disclosure test agents need now

In my last HousingWire column, I focused on reviewing AI-generated listing remarks before they reach the MLS. That was about what AI says about a property. This follow-up is about the line between effective marketing and misrepresentation. A listing video may show a drone-style approach, a smooth walkthrough, or a perfectly furnished interior. But what if the drone never flew, the camera never moved, or...

Why Fed President Beth Hammack wants more rate hikes

As we approach Jobs Thursday, certain Federal Reserve members have still not changed their tune about rate hikes, even with oil prices back down to $70 today. Why haven’t mortgage rates dropped along with oil prices? Because Fed policy has shifted, and some Fed members want more rate hikes. Today, I will use Cleveland Fed President Beth Hammack as an example, looking at her remarks on CNBC. ...

Greater Ft. Lauderdale Area Home Sales Rise for Third Straight Month as Luxury Demand Surges

Broward County home sales rose year over year for the third consecutive month in May 2026, signaling continued resilience in South Florida's housing market even as price gains moderate and inventory dynamics diverge across property types, according to data released by the Miami Association of Realtors. Total closed transactions increased 0.9% from a year earlier, rising from 2,124 to 2,145 sales. The...

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