Miami Luxury Prices Soar as Billionaires Move In

RE investors are building more $50M-plus condos in S. Fla. as demand grows from an uptick of rich Americans who are relocating to be close to other rich Americans.

Strip Malls: New King of Retail Real Estate

Going to a strip mall for a specific item is a quick in-out activity, akin to getting milk from 7-11. And after the pandemic, that’s what many Americans want.

NAR Releases 2023 Profile of Home Buyers and Sellers

In the face of high interest rates and rising home prices, the typical buyer’s income rose 22% to $107K. 1 out of 3 (32%) was a first-time buyer, and 89% used an RE agent.

Everything's Relative, And Rates Had a Relatively Good Week

While it's possible to accuse mortgage rates of experiencing volatility over the past few days, this week was exceptionally calm compared to last week.  So "everything's relative," and relatively speaking, that's a win. Here's a snapshot of the action as told by 10yr Treasury yields, which tend