Mortgage rates climb to 15-year high
Mortgage rates hit their highest level in 15 years, continuing a surge that’s likely no longer a big surprise in the market, but not any less painful. The average 30-year fixed mortgage rate reached...
Lumber prices splinter amid rising interest rates
Cooling Sun Belt markets lead canceled home contracts
Starwood snaps up Florida affordable housing portfolio
On Martha’s Vineyard, even doctors priced out of homes
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Whales buy the dip in Compass
When it comes to Compass, the whales are buying the dip. Several dozen institutional investors have taken up positions in the residential brokerage as of the end of the second quarter, according to an...
Divvy Homes cuts 12% of staff
Another day, another real estate company making moves to cope with rising mortgage rates. Proptech startup Divvy Homes laid off 12 percent of its staff on Tuesday, the Information reported. The cuts impacted roughly...
Elliman gets into payday loan business as market cools
When residential dealmaking dries up, brokerages have to find unconventional ways to generate money. Douglas Elliman rolled out a...
Lumber prices splinter amid rising interest rates
One of the most volatile commodity markets of the pandemic is sounding a similar note to yesteryear. Lumber prices...
Home prices cooled at historic rate in July
Home prices slowed their roll this summer — at a historic rate. The S&P CoreLogic Case-Shiller Index posted a 15.8 percent annual gain in July, down from June’s 18.1 percent increase. Not only was...
Cooling Sun Belt markets lead canceled home contracts
More deals for homes are getting left out to dry in the Sun Belt than anywhere else in the...
Zoning, infrastructure limits are squeezing US land supply
The latest shortage wreaking havoc on the country? Land. Developers are increasingly struggling to find suitable land for residential...
Weekend Edition
Starwood snaps up Florida affordable housing portfolio
Barry Sternlicht’s latest affordable housing play in Florida stretches beyond Lake Worth. Starwood Capital Group spent $91.8 million for...
Weekend Edition
On Martha’s Vineyard, even doctors priced out of homes
More than 150,000 people visit Martha’s Vineyard every year — some courtesy of Florida taxpayers — but very few...
Weekend Edition
Controversial transfer tax bill advances in Boston
Boston may soon be raising taxes on property sales. The city council this week advanced a bill that would...
Weekend Edition
Unique Frank Lloyd Wright home available … for now
If you’re reading this, you may already be behind the eight-ball when it comes to buying a rare Frank...
Weekend Edition
Night at the museum: Ghost town general store turned-home lists at $1M
For the Wild West-obsessed buyer, a rare opportunity to own a slice of history is on the market for...
Rents fall nationally for first time in 9 months
Ten bucks is a small amount, but it was big news in the rental market last month. The median...
Ralph Lauren to add 250 stores in massive retail expansion
More polo shirts could soon be coming to a store near you. Ralph Lauren is accelerating a strategic growth...
Luxury housing market took its biggest dive in 10 years
This summer’s luxury market couldn’t resist the shifting tides swaying homebuyers across the board, which landed the category in...
Contract signings for NYC homes diminish, as do new listings
Looking to buy a home in Manhattan or Brooklyn? That might be difficult. New signed contracts have tapered off...
NY AG files civil fraud suit against Trump, children and company
UPDATED, Sept. 21, 2022, 12:50 p.m.: The New York attorney general made a long-awaited move on Wednesday, filing a...