We all know the story: wealthy buyers flocked to pour money into homes in South Florida. But is the demand still there, given rising interest rates? The Real Deal's Deconstruct chats with TRD's residential bureau chief Katherine Kallergis about how the market has softened, but some are plowing ahead with exorbitant buys. Plus, Deconstruct chats about the Flatiron building, Chicago's upcoming election, Blackstone's multifamily loans and First Republic's balance sheet.

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Credits: CBS News