The dry spell for mortgage applications is showing signs of recovery as consecutive weeks of decreasing activity slows significantly. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan activity volume—decreased 0.3% on a seasonally adjusted basis for the week ending Oct. 17. For the week prior to this, the…
Homes.com and CoStar Group have become embroiled in another lawsuit, this time as the defendants, over an alleged breach of contract. REcore Solutions LLC—the vendor who provides licensing services for California Regional Multiple Listing Service (CRMLS) and other MLSs—announced it has filed a lawsuit in San Bernardino County against Homes.com and its parent company CoStar…
Housing professionals should expect modest growth in mortgage and home-buying activity and tempered optimism for 2026, according to projections released Sunday at the Mortgage Bankers Association’s (MBA) annual conference in Las Vegas. The trade group is calling for loan origination volume to reach $2.2 trillion in 2026, up 10% over 2025’s anticipated $2 trillion. The…
One of the men at the center of sexual assault allegations that purportedly took place at eXp recruiting events is now alleging the company officially separated him not for the misconduct, but for unpaid dues. The company faces a high-stakes jury trial over the allegations next year. At an occasionally contentious hearing on Oct. 17,…
Zillow customers who had a Matterport 3D home tour on a listing woke up today to find the virtual tour option removed, with Zillow claiming that the CoStar-owned company changed its terms of service to restrict usage of Matterport-created content on “any third-party platform.” CoStar also chose not to renew its API agreement with Zillow,…
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…
Supreme Court Justice Oliver Wendell Holmes Jr. once wrote, “Taxes are the price we pay for a civilized society.” As a real estate agent, though, you know to always look for possible price deductions. One of the most common taxes homeowners face is a property tax, one of many increasing carrying costs when it comes…
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