America’s accidental landlords: The hidden consequence of the mortgage lock-in effect

For the past several years, the real estate industry has talked about the mortgage-rate lock-in effect mostly as an inventory problem. That is understandable. When a homeowner has a 3% or 4% mortgage, and today’s replacement mortgage is in the mid-6% range, selling can feel financially irrational. F
Read MoreGaining that local edge to outperform competition amid market consolidation

The fight for market share in real estate has never been more intense. National portals, institutional investors and well-funded disruptors are all competing for the same buyers and sellers, pushing many brokerages to believe they need to spend more to keep up. But independent brokerages won’t win b
Read MoreNew York City posts notice of new tax levy to pied-a-terre owners

Tax attorneys and accountants are about to make bank helping owners of non-primary homes navigate New York City’s pied-à-terre tax notifications, which started landing in mailboxes before the weekend. “If you have a second home in New York City worth more than $5 (million), check your mailbox when y
Read MoreLot demand shifts to terms and timing at Forestar, Five Point

In 2024 and early 2025, homebuilders large, medium and small were smitten with the strategic notion of “land light.” In 2026, and for the near future, most everybody is more preoccupied, and rightly so, with “land right.” Many of the U.S.’s most prolific new-construction markets undergoing some form
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