California is seeing a glimmer in the housing market as new numbers show home sales hitting an eight-month high, according to the California Association of Realtors®. Existing, single-family home sales rose in October from both the prior month and a year ago—the highest level since February. Sales of existing family homes totaled 282,590 in October, … Read more
All-cash deals continue to dominate New York City’s housing market, accounting for 3 of every 5 home sales recorded in the Big Apple in the first half of 2025, a new report reveals. From Jan. 1 through June 30, 2025, all-cash transactions outpaced financed sales in the Big Apple. Of the 17,924 sales recorded, 10,825 … Read more
A year after launching the Berkeley, Al Adelson and the Morrison family’s Sympatico Real Estate brought in Douglas Elliman to lead sales for the West Palm Beach condo project. Adelson, who is known for developing the waterfront Bristol tower in West Palm Beach, and the Morrisons have partnered with Douglas Elliman Development Marketing for Adelson’s … Read more
The New York City luxury market remains robust as 2025 is drawing to a close. Last week, 29 contracts at $4 million and above were signed in Manhattan, four more than the previous week and only three short of this time last year. While luxury sales hit a high in 2021 with 164 signings with … Read more
South Florida’s residential market continued its explosive resurgence in October, reversing a monthslong slowdown. Dollar volume in Miami-Dade, Broward and Palm Beach counties rose 14 percent to $4.8 billion, compared to $4.2 billion last October, according to Multiple Listing Service data collected by the Miami Association of Realtors. Still, the tri-county region’s condo market has … Read more
Clad in his signature all-white suit and matching fedora, Alan Faena stood on the crimson stage –– flanked by his development partners Edgardo Defortuna and Shahab Karmely –– and said their planned Faena Residences towers won’t merely offer condos. “We are offering happiness,” Faena said at the Saturday night party for the official opening of … Read more
The U.S. housing market will finally turn the corner in 2026, with a double-digit increase in home sales supporting a 4% increase in home prices, according to new predictions from the National Association of Realtors®. NAR Chief Economist Lawrence Yun forecasts sales volume for existing homes will rise 14% next year after three years of … 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
Pending home sales remained flat in September despite a healthy decline in mortgage rates, in an early sign of continued weakness for the fall home buying season. Signed contracts for existing homes were unchanged last month from August, and down 0.9% from a year ago, according to data released Wednesday by the National Association of … Read more
Witkoff Group, and Alex Blavatnik and Sandor Scher’s Ocean Terrace Holdings launched sales of their planned North Beach condo and hotel development with more than $200 million in presales. Witkoff, led by CEO Alex Witkoff, joined the Ocean Terrace project earlier this year, reviving the long-planned mixed-use development. The project, designed by Revuelta Architecture International … Read more