Billions in Income Fled New York—So Why Are Many High Earners Still Renting in South Florida?

Billions in Income Fled New York—So Why Are Many High Earners Still Renting in South Florida?

South Florida didn’t just win the COVID-19 pandemic-era migration boom; it hit the jackpot. As money drained out of old strongholds like New York, the Sunshine State netted $20.65 billion in annual... Read more »
Fannie and Freddie Are Stockpiling Billions in Mortgages, Which May Push Rates Lower

Fannie and Freddie Are Stockpiling Billions in Mortgages, Which May Push Rates Lower

Fannie Mae and Freddie Mac have vastly increased their holdings of mortgage-backed securities in recent months, which may have ripple effects that could help push mortgage rates lower. Since May, Fannie and... Read more »
Jury Tells Jogani Brother to Hand Over Billions in Cash

Jury Tells Jogani Brother to Hand Over Billions in Cash

Hand over $2.6 billion in cash, and stakes in more than 17,000 apartments across the San Fernando Valley, a jury told Haresh Jogani earlier this week, ending a 20-year legal saga involving... Read more »