Stunning $53M Beverly Hills modern château presents itself as a private resort in the hills

There are large luxury homes. And then there are properties that seem to operate by an entirely different set of rules. Opal, a newly listed $53 million estate on Laurel Way in Beverly Hills, firmly belongs in the latter category. Spanning 19,100 square feet on approximately 1.39 acres, the six-bedroom, ten-bathroom residence reads less like a traditional house and more like a private resort...

AI, Data Centers and Private Credit Spark U.S. Real Estate Investing in 2026

Artificial intelligence, digital infrastructure and private credit are emerging as some of the most powerful forces reshaping U.S. real estate investment activity in 2026, according to a new midyear outlook from PwC. In its report, Real Estate and Real Assets: U.S. Deals 2026 Midyear Outlook, PwC argues that the industry is no longer experiencing a traditional cyclical recovery. Instead, capital is...

Builders slow starts in May to rebalance pricing and incentives

The real story in today’s Monthly New Residential Construction release from the Census Bureau isn’t a collapse in construction. It’s a production strategy that took shape months ago. Headlines – and their sibling, “headline risk” –don’t enjoy a particularly good reputation among most homebuilding business executives who have chosen to talk with and listen to me over the past 23...

What to look for in Kevin Warsh’s first Fed meeting

Today, as I write this article, oil prices are at $75.80, which is a big deal because tomorrow the Federal Reserve will announce its monetary policy under new Fed Chair Kevin Warsh. For many months, Federal Reserve hawks have said that the Iran conflict was a major reason they’ve been more hawkish, as energy inflation can make the current inflation data much worse going forward. Warsh has said that the...

CoStar amicus brief denied in Zillow MRED Compass case

CoStar’s attempt to enter the ongoing legal battle among Zillow, Midwest Real Estate Data (MRED) and Compass International Holdings has been denied.  In a ruling on Tuesday, Illinois-based federal judge John Tharp denied CoStar’s motion to file an amicus curiae brief. No reason for the judge’s denial was given.  “We sought to call attention to Zillow’s obvious hypocrisy: Zillow is asking...

FHFA pushes for direct power to sue for mortgage fraud 

The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of mortgage fraud. In its newest Annual Report to Congress, released Monday, the FHFA recommended new authority to directly sue for mortgage market fraud. This would allow the agency to file the same types of lawsuits in state or federal courts that...

Taylor Morrison names Mike Carlo Sarasota division president

Taylor Morrison, the sixth-largest builder in the HousingWire Homebuilder Rankings, has appointed Mike Carlo as president of its Sarasota division.  Carlo brings more than 25 years of homebuilding experience to the role. “Mike is a proven leader with an impressive track record of operational excellence and strategic growth across several homebuilders,” said Area President Steve Kempton. “We...

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