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Actor Glen Powell is a regular on the sidelines of Texas Longhorns games, but even when he’s not able to cheer the team on in person, he has found a way to ensure the squad has a constant presence in his life—by decorating his home in its honor. Powell, 37, who was born and raised … Read more
After the pandemic ignited a surge in new-to-market tenants from states such as New York and California to South Florida, Donna Abood believed that the spike would eventually subside. “When we got up to this pinnacle, we thought, ‘OK, we’re gonna plateau,’” Abood, vice chairman and co-head for Savills Florida, recalled while on the main … Read more
Former reality star Yolanda Hadid‘s iconic $11 million Pennsylvania farmhouse has been put back on the market, just days after it was revealed that her family’s beloved “sanctuary” was under offer. As first reported by Realtor.com®, the listing for the beautiful abode was updated on Oct. 8 to reflect that an offer had been made, … Read more
Michael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum. Both CEOs took jabs at the proposed deal that would turn the combined companies into a … Read more
Mortgage rates climbed on Thursday after four straight weeks of declines as markets adjusted their expectations following Federal Reserve Chair Jerome Powell‘s remarks on the likelihood of future rate cuts. The average rate on 30-year fixed home loans increased to 6.22% for the week ending Nov. 6, up from 6.17% the week before, according to … Read more
Home prices fell annually in 23% of markets last quarter, but price growth remained strong in the Northeast and Midwest, according to new data from the National Association of Realtors®. Median sales prices for existing single-family homes declined on an annual basis in 51 metro areas out of the 230 tracked, while rising in 176 … Read more
Riviera Beach is cashing in on South Florida’s development boom. West Palm Beach’s northern neighbor and home of the Port of Palm Beach has nearly 2,000 condos and apartments in the development pipeline, according to analysis by The Real Deal. And there’s still more to come –– the city is courting developers for its 90-acre … Read more
South Florida’s office market experienced an uptick in investment sales over the past year, marking a comeback after a slowdown. Yet, distress and discounted deals are lingering, as elevated interest rates and other economic headwinds remain. Deal volume reached nearly $2.2 billion in the tri-county region in the 12-month period that ended Sept. 30, marking … Read more
Miami Heat coach Erik Spoelstra was forced to helplessly watch on as his $6.6 million Florida home was engulfed by flames in the early hours of Nov. 6—just minutes after he landed back in the Sunshine State from his team’s away game against the Denver Nuggets. Video footage obtained by Florida news outlet Local 10 … Read more
Even billionaires can have trouble finding parking—especially if it involves a megayacht. Billionaire Ken Griffin could not find a place to park Viva, his 308-foot boat behemoth, near his estimated $170 million 6.5-acre compound on Star Island, so he’s going to build a megamarina across the bay. The exact parking spot will be at 120 … Read more