Posts

Texas Flippers Struggle as Upstate New York Cashes In

Image
How Do Texas and Upstate New York Flip Returns Compare? The Q2 2026 figures show a sharp divide between volume and profitability. Texas recorded 8,389 flips, more than five times New York’s 1,505, yet its statewide gross profit was just $8,083 per flip, compared with $114,950 in New York. Rising renovation expenses, including labor and materials , are adding to the pressure on Texas flippers’ margins. Statewide profit gap The statewide profit gap extended to returns. Texas posted a 2.8% gross ROI, while New York reached 29.9%, a difference of 27.1 percentage points. The typical U.S. flip generated $60,526 in profit and a 21.5% return, placing Texas well below the national benchmark and New York above it. Flip volume comparison The flip volume comparison shows that greater transaction activity did not translate into stronger Texas profitability. New York produced more than 14 times Texas’s gross profit per flip despite substantially fewer transactions. Returns also varied within Texas: ...
Post a Comment
Read more

Palm Beach Shadow Market Hides $300M Mega-Mansions

Image
What Is Palm Beach’s Shadow Market? Palm Beach’s shadow market is a private, unlisted segment of luxury real estate. Homes circulate through broker networks and personal introductions rather than public listings. This market includes high-value properties that may never appear on the public MLS, from oceanfront estates to mega-mansions priced in the tens or hundreds of millions. What Is Palm Beach’s Shadow Market? This off-market inventory moves through agents’ personal records and broker-to-broker communications. One broker estimated that 99% of agents do not know about these available properties. Select qualified buyers may hear about a property through private introductions, while sellers can gauge interest without broad exposure. Some transactions close without a public listing history. Sellers may value discretion, exclusivity, and privacy, while buyers seek rare homes with specific features or locations. Reported off-market closings include deals at $97.5 million, $75 million, a...
Post a Comment
Read more

Houston George Foreman Mansion Lists for $6M

Image
George Foreman’s Houston Mansion Lists for $6 Million George Foreman’s former Houston-area estate has returned to the market for $6 million, placing his longtime private retreat in Huffman up for sale. The family listing is at 29310 Martelly Way, within the Commons at Lake Houston community, northeast of Houston. Built in 2001, the gated estate occupies about 13.5 acres within a larger compound. The single-story Mediterranean-style residence served as Foreman’s longtime family home after his boxing career. The nearly 12,000-square-foot home has five bedrooms and nine bathrooms, with two kitchens among its features. Its location, roughly 35 to 40 miles from downtown Houston, sets the property apart from city neighborhoods. Houston’s luxury market has seen rising inventory , giving buyers more options. The sale connects Foreman’s Houston legacy with the Huffman luxury market, where large private estates are less common than homes closer to the city. Reports say the property was listed o...
Post a Comment
Read more

How the 2026 Election Season Could Reshape the U.S. Real Estate Market

Image
Key takeaways: The November 3, 2026 midterms arrive with housing affordability as a top voter issue and mortgage rates at three-year highs, with Freddie Mac's average 30-year rate at 7.4%. Control of Congress will decide whether the new federal housing law gets funded and implemented, while state and local ballot measures on rent control, property taxes, and zoning could change a property's economics faster than anything in Washington. Investors should underwrite today's rates and read their local ballots as closely as the national headlines. Housing is the ballot issue this year Election Day is November 3, and this cycle housing is not a side issue. A national survey this spring found 79% of registered voters calling housing costs an extremely or very important issue. Affordability is the reason. Analysts describe a market that is slogging along, with high prices, thin inventory, and buyers who have choices but not much relief. Rates are making it worse at the worst politi...
Post a Comment
Read more

NYC's Rent Freeze Is Live, and Brooklyn Landlords Are Fighting It in Court

Image
Key takeaways: New York City's 0% rent freeze for roughly a million rent-stabilized apartments took effect on October 1, 2026, and it covers one-year and two-year leases that begin through September 30, 2027. Landlords are already sending renewal offers at frozen rents while suing to overturn the vote, and a Manhattan judge has ordered City Hall to hand over its communications with the Rent Guidelines Board. For Brooklyn multifamily owners, rent growth is now a court case, not a spreadsheet assumption. A zero percent year for stabilized rents The Rent Guidelines Board voted 7 to 1 on June 25 to hold increases at 0% for both one-year and two-year leases. It is the first two-year freeze in the board's history. The order covers roughly a million rent-stabilized apartments across the city. It applies to leases that begin between October 1, 2026 and September 30, 2027. The freeze rolls in gradually. As each lease expires, the owner must offer a renewal at the frozen rent, and those ...
Post a Comment
Read more

Dallas-Fort Worth Oldest Private Builder Acquired

Image
Who Acquired HistoryMaker Homes? Century Communities acquired substantially all assets of HMH Lifestyles, L.P., which does business as HistoryMaker Homes. The deal was announced Oct. 8, 2026, and was framed as an expansion of Century Communities’ presence in Dallas-Fort Worth, a major North Texas housing market. Acquirer background Century Communities is a Colorado-based national homebuilder. Its acquisition of HistoryMaker Homes was intended to increase the company’s scale and strengthen its position in the Dallas-Fort Worth market. The transaction combined Century Communities’ existing local operations with the acquired homebuilding business in a single division based in Grapevine, Texas. The deal considerably increased Century Communities’ local community count. Century Communities said the acquisition triples its D-FW community count . Construction, sales, and closings were reported to continue without interruption. HistoryMaker division leaders and team members were expected to jo...
Post a Comment
Read more

Dallas Office Property Set for Mixed-Income Housing Flip

Image
What Dallas’s Hartford Conversion Will Deliver The Hartford’s conversion will turn a 14-story historic office building at 400 North St. Paul Street into 217 apartments in Downtown Dallas. Residences will occupy floors 2 through 13, while the 14th floor is planned as shared amenity space. The project’s apartment amenities are expected to include a rooftop deck and fitness center, alongside a first-floor grocery store. Planned layouts range from studios to one- and two-bedroom homes, with units measuring about 500 to 900 square feet. The redevelopment combines residential reuse with historic preservation, retaining the existing office structure while adapting it for new use. The property previously received city incentives for façade restoration and streetscape improvements. The conversion also reuses an underutilized office asset in the urban core, near employment centers, transit, parks, retail, and other services. Remote work has helped reshape demand for traditional office space and...
Post a Comment
Read more