Mortgages

Existing home sales fell for the 11th consecutive month in December, marking the slowest pace since November 2010

Existing home sales fell for the 11th consecutive month in December, marking the slowest pace since November 2010

Homes in Rocklin, California, United States, on Tuesday, December 6, 2022. A record number of homes have been written off as sellers face a sharp drop in demand, according to real estate brokerage Redfin. David Paul Morris | bloomberg | Getty Images Previously owned home sales fell 1.5% in December compared to the previous month, …

Existing home sales fell for the 11th consecutive month in December, marking the slowest pace since November 2010 Read More »

The Miami condo king is betting his new luxury development on Fisher Island can ride out the recession

The Miami condo king is betting his new luxury development on Fisher Island can ride out the recession

Just off the coast of Miami Beach, on the ultra-exclusive Fisher Island, is a single crane on a single construction site. It is the last plot of land available for development and an unexpected bet on luxury real estate at a time when the housing market appears to be in free fall. Jorge Perez, aka …

The Miami condo king is betting his new luxury development on Fisher Island can ride out the recession Read More »

The Miami condo king is betting his new luxury development on Fisher Island can ride out the recession

The Miami condo king is betting his new luxury development on Fisher Island can ride out the recession

Just off the coast of Miami Beach, on the ultra-exclusive Fisher Island, is a single crane on a single construction site. It is the last plot of land available for development and an unexpected bet on luxury real estate at a time when the housing market appears to be in free fall. Jorge Perez, aka …

The Miami condo king is betting his new luxury development on Fisher Island can ride out the recession Read More »