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Inside Alex Akel’s strategic bet on a new South Florida master plan

Despite challenged market conditions for homebuilders nationwide, Palm Beach County, Fla.-based Akel Homes is betting that a newly-opened community’s top-tier amenities and relative affordability, in combination with South Florida’s strong active-adult demand, will navigate a narrowed path to traction. With a product aimed primarily at less interest-rate- and price-sensitive 55-plus buyers and a compelling “neighborhood-of-your-dreams”…

Mortgage rate relief under Warsh may prove elusive, experts say

At first glance, Kevin Warsh’s nomination as the next Federal Reserve chair could be interpreted as a signal that benchmark interest rates may fall — potentially offering some relief on housing affordability as President Donald Trump and his administration have repeatedly pressured Jerome Powell and other Fed officials to move in that direction. Housing industry…