Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Supreme Court denies review in REX v. Zillow Today, the U.S. Supreme Court has denied review in the REX v. Zillow case. A Zillow spokesperson gave RISMedia the following statement. “We’re pleased this…
As the fourth quarter of 2025 gets underway, experts highlight the cooling nature of the housing market, with home sales generating steady returns and mortgage rates sliding lower almost each week. For Q3, Realtor.com® reports that down payments remained relatively flat amidst elevated costs and moderate demand this past year. Their latest down payment report…
Above, the Ben Affleck/Jennifer Lopez estate for sale, and luxury agent Shauna Walters If there was one thing Ben Affleck and J.Lo knew for sure when they moved into their $60 million, 38,000-square-foot love nest back in 2022, it was that neither would ever have to wait to use the bathroom. How could they, considering…
Even as housing markets cool in many regions, home sellers are still walking away with healthy profits. During Q3 2025, the median home sale generated a 49.9% return, or about $123,100 in raw profit, according to ATTOM’s Home Sales Report. The profit margin is up 0.6% quarter-over-quarter, but still below the 55.4% average profit margin…
Continuing a pattern of small movements expected as the government shutdown continues, rate saw only a slight downward trend this week. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average 30-year fixed-rate mortgage (FRM) slid three basis points to 6.27% from last week’s average of 6.30%. “Mortgage rates…
A federal judge yesterday temporarily blocked the Trump administration from laying off thousands more workers during an ongoing government shutdown, including around 442 from the Department of Housing and Urban Development (HUD). Granting a request in a lawsuit by federal labor unions, Judge Susan Illston in the Northern District of California cited President Donald Trump’s…
According to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI), which gauges builder perceptions of current and future single-family home sales, homebuilder sentiment levels increased in October, as future sales expectations surpassed the 50 point breakeven mark for the first time in almost 10 months. “The HMI gain in October is a…
Above, Art Carter The following is an open letter from Art Carter, CEO of California Regional MLS (CRMLS) to Compass CEO Robert Reffkin regarding Reffkin’s recent statement on social media claiming CRMLS’s end user license agreement forces agents to surrender ownership of content, which RISMedia covered Oct. 14. Okay, Mr. Reffkin, you got some people’s…
In a time of significant market consolidations—Compass acquiring Anywhere, Keller Williams bringing on a private equity firm, Rocket Companies acquiring Redfin and more—Howard Hanna Real Estate Services is expanding its business with its entrance into the New York City market with the acquisition of Manhattan-based Elegran Real Estate, which claims around 150 agents. The company…
Despite the uncertainty surrounding the length of the government shutdown and its ongoing effects, Federal Reserve Chair Jerome Powell yesterday highlighted concerns over employment data as all eyes are on the Federal Open Market Committee (FOMC) and a potential interest rate cut ahead of their next meeting Oct. 28-29. In a speech at the National…
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