Homes are sitting on the market longer amid high costs: Redfin

Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020. Continue reading

Cost of insurance, property tax top triggers of mortgage delinquencies

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading

Former Burger King CEO snags $17M Emory Roth penthouse

Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he’s stepping into a $17 million penthouse. Continue reading

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading

Aspen Valley Ranch, Colorado property sold in pieces for $47M

Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220 million, “The Wall Street Journal” reported on Thursday. Continue reading

Nan & Co launches auction division with FasciaBlaster mansion

Houston-based Nan & Company Properties has launched an auction division, with the initial bidding centered on a Friendswood mansion, the company announced. Continue reading

Swing state housing costs have skyrocketed since 2020 election

Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs. Continue reading

Waltz provides foreign investors a foot into US real estate

Waltz promises to use its software-enabled workflow to reduce the time and number of administrative hurdles non-citizens face when looking to invest in the U.S., stating it can be done fewer than 30 days. Continue reading

Canadian consul identified as buyer of $6.6M condo ‘fit for a king’

Questions swirled last week over the identity of an unidentified buyer behind the Billionaires’ Row condo transaction — with speculation rising that King Charles was at the center of the purchase. Continue reading

King Charles III purchases NYC Billionaires’ Row condo for $6.6M

News of the condo’s acquisition came after “His Majesty the King in Right of Canada” was listed as a buyer in the Steinway Hall portion of the property.  Continue reading