U.S. Mortgage Rates Rise in Late July Amid Middle East Uncertainty

The average rate on the benchmark 30-year fixed-rate mortgage rose for a second consecutive week, reflecting higher Treasury yields as global investors continued to weigh geopolitical risks stemming from the recent Iran conflict and the outlook for U.S. monetary policy. According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage increased to 6.58% for the week...

Home sales are positive but higher rates slowing demand

Mortgage rates hit a yearly high last week and even though housing demand is still positive year over year, it is slowing down, just not in a big way yet. Typically, in the past few years, when mortgage rates get above 6.64% and then break over 7%, housing demand slows. Housing data always improves when rates move lower than 6.64% and just stay near 6%. We have seen this back-and-forth dance with sales...

Don’t fall for a fake foreclosure crisis

Recently, the foreclosure data showed a 21% year-over-year gain, and the floodgates of doom porn were flung wide open, with people marketing an impending home-price crash because they say so many Americans are struggling and it’s about to get worse. The hucksters of America are back at it again, and it went mainstream, too.Andrew Yang, the former presidential candidate for the Democratic Party, posted...

Coldwell Banker Warburg folds into Compass in New York

Coldwell Banker Warburg is folding into Compass. Both Compass and the Coldwell Banker brand are owned by Compass International Holdings.  The former New York-based Coldwell Banker franchise will now operate as Warburg at Compass, according to a Compass spokesperson.   “We’re excited that Warburg’s agents are joining Compass’ New York City operations,” the Compass spokesperson wrote in an...

Berkshire completes Taylor Morrison deal valued at $8.5B enterprise value

Berkshire Hathaway has completed its acquisition of Taylor Morrison Home Corp. in a cash deal that values the Arizona-based homebuilder at about $6.8 billion in equity and $8.5 billion in enterprise value, the companies announced on Friday. The companies announced the proposed acquisition in late May 2026.  Under the transaction, Berkshire paid $72.50 per Taylor Morrison common share in cash, according...

Deed theft remains a growing threat for seniors, Black homeowners

For generations, real estate has been the primary vehicle for building intergenerational wealth in America. But for older adults and Black homeowners, that vehicle has also made them a target, says Scott Kohanowski, general counsel at the Center for NYC Neighborhoods. New York City recently established a Deed Theft Prevention Office, building on longstanding community-based efforts like the Homeowner...

NVR is land light by design, Q2 2026 reveals the strategy has limits

If you do not build it, they cannot come. If you cannot permit it, you cannot build it, and they cannot come. NVR Q2 2026 results offer a sharp counterpoint to the strategic shifts now underway across public homebuilding. Lennar has boldly reset its enterprise around a more asset-light on-demand land investment structure. D.R. Horton continues to use inventory, incentives and local scale to protect...

Fully customized condo at Miami’s Porsche Design Tower lists for $6.9M

Residences at the Porsche Design Tower are already among South Florida’s most recognizable luxury addresses. This one goes a step further. Now listed for $6.9 million, the four-bedroom residence at 18555 Collins Avenue in Sunny Isles Beach has been comprehensively redesigned far beyond its original developer finishes, resulting in one of the building’s most customized homes. Represented by...

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