News / Features

Matthew Gardner’s Q1 2025 market insights

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

MBA: Mortgage applications fall almost 13% on interest rate surge 

The average 30-year mortgage saw its contract interest rate jump to 6.90% from 6.81% the week before, the Mortgage Bankers Association said. 

Spooky 1875 Massachusetts mansion with haunted history

The S.K. Pierce mansion, an alleged hotspot for paranormal activity, hit the market for $1.2 million earlier this month.

38 West Eleventh condo tower lands $215 million construction loan 

Owners of the 659 residences will be able to rent them short-term or on Airbnb year-round. 

Developers to acquire former Key Biscayne resort for record $205 million 

Terra and Fortune International Group plan to develop a 56-unit, luxury-condominium development on the site of the Silver Sands Beach Resort.

New-home construction drops more than expected in March 

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

eXp Realty challenges other brokerages to adopt new seller advisory form warning of private listings

Parejo added that eXp’s recent decision to adhere to Zillow’s anti-private listing policy is not exclusive to the online portal.

Chicagoland’s Kim and Katie Group enters Naples with Premier Sotheby’s affiliation 

Founders Kim Marino and Katie Minott will work from Premier’s Broad Avenue office as they pursue a dual-market arrangement. 

Redfin joins the Clear Cooperation fray; won’t publish listings until they’re on the MLS 

In a statement, Redfin CEO Glenn Kelman also asked MLSs to create a “coming-soon” designation that precludes search sites from showing listing history. 

Zillow prohibits privately-marketed listings, eXp commits to sharing within 24 hours

eXp Realty was the first brokerage to publicly join Zillow, announcing its commitment to ensuring eXp listings are available on Zillow within 24 hours of marketing to consumers.

Homeowners are remodeling for their own joy — not for resale value

The upgrades that brought homeowners the most joy in 2024 were primary bedroom suites, kitchens and new roofing.

Miami set to be one of the hottest buyer’s markets this spring

Since homes spend a median of 60 days on the market, Miami buyers enjoy more choice and flexibility than those in tighter markets.

Compass names Miltiadis Kastanis as South Florida’s new-development sales director

Kastanis most recently worked at Douglas Elliman, where he produced more than $300 million in total sales volume since 2023.

Francisco Mercado-James

“Stay consistent!” Francisco Mercado-James, Luxury Realtor, Ancona Real Estate, North Bay Village

Illustrated Properties hires executive sales manager for corporate office 

The new manager, Mandie Weller, has a decade of real estate management experience and most recently worked at Long & Foster. 

Off-MLS listing leads to lower selling prices, especially in communities of color

By choosing to list their homes privately, homesellers in 2023 and 2024 forwent a collective $1 billion, according to new research from Zillow.

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