Surfside condo architect had been suspended for faulty designs in past

William Friedman, the architect who designed the Surfside condo building that partially collapsed in late June, had been suspended by Florida’s board of architecture in 1967 for designing buildings that could not withstand 1965’s Hurricane Betsy. Continue reading

Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading

Americans still want to relocate — even as pandemic fears dwindle

The number of Redfin.com users who searched for a property outside of where they currently live rose to 31.1 percent during the second quarter, up from 27.6 percent the year before. Continue reading

Miami building tragedy may change condo market forever, agents say

The seemingly unprompted disaster has left many wondering what other secrets buildings may be hiding beneath the surface that could later lead to calamity. Continue reading

Asian American homeownership is still lagging: Report

Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. Continue reading

Miami condo collapse updates: Second lawsuit, warnings in April

Plus, photos taken just days before the collapse show cracked concrete and corroded rebar in the building’s garage. Continue reading

Miami owners file $5M suit against condo association over collapse

The class-action lawsuit was filed on behalf of property owner Manuel Drezner and ‘on behalf of all others similarly situated’ by the partial collapse of Champlain Towers South. Continue reading

12-story condo building partially collapses near Miami

About half of the units of the 130-unit residential building Champlain Towers South collapsed on Thursday morning around 1:30 a.m. Officials do not yet know the cause. Continue reading

Douglas Elliman parent company invests in another proptech startup

Vector Group, which launched its proptech investment arm in March, has now added the New York-based tech-enabled home management service Humming Homes to its list of invested in companies. Continue reading