Two Philadelphia-area companies react to changes in housing market

Dated: October 2 2025

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Fort Washington-based Toll Brothers and Radian, a home-mortgage insurer based in Wayne, have reacted to changes in the housing market with multi-million-dollar transactions that change their business profiles. After reporting slower-than-expected housing sales for the year, Toll Brothers decided to sell its profitable apartment development business and unbuilt properties to real estate investment firm Kennedy Wilson for $347 million. Toll Brothers’ Apartment Living comprises a developer staff, 18 apartment complexes and 29 development sites. California-based Kennedy Wilson will also take over management of another 20 remaining Toll Brothers apartment and student-housing projects until a buyer can be found. Radian is on the buying side of business changes, having agreed to spend $1.7 billion to buy insurance syndicate Inigo Ltd. Radian CEO Rick Thornberry said the “transformative” move will double the company’s sales and comes at a time when new and existing home purchases that fuel mortgage insurance have flattened.
Source: Philadelphia Business Journal; 9/18/2025 

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Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

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