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An order list issued Oct. 5 invited the United States to file briefs in three petitions asking whether the National Bank Act lets national banks ignore state laws requiring interest on mortgage escrow balances β a question the Court sent back unresolved in 2024.
Funds affiliated with the merchant bank BDT & MSD Partners signed a definitive agreement to acquire the McLean, Va., senior housing operator from Canada’s public pension manager, with Sunrise’s executives taking a minority stake. Terms were not disclosed.
The nation’s largest wholesale mortgage lender said on Oct. 6 that it will obtain both a FICO score and a VantageScore 4.0 on every credit pull and qualify the borrower on whichever is stronger, taking the choice out of brokers’ hands.
CTO Realty Growth paid $103.0 million, or $189 per square foot, for Summit Woods Crossing in Lee’s Summit, Mo., a nearly full 545,000-square-foot power center, taking its 2026 investment volume to $439 million.
Realtor.com added RealAssist AI to Realtor.com+ on Oct. 6, automating client setup, summarizing daily client activity and drafting actions agents approve. The platform is live in 21 markets serving more than 192,000 agents.
Zillow’s September market report shows newly pending sales down 8.5% year over year with the 30-year mortgage rate at 7.28%, while the typical U.S. rent rose 2.7% β the fastest annual pace since April 2025.
California Regional MLS filed a declaratory-judgment complaint against Compass in Manhattan federal court on Oct. 5, asking a judge to rule that its cooperation rules are lawful before the brokerage can sue to overturn them.
Realtor.com projects baby boomers and the Silent Generation will release 13.9 million owner-occupied homes between 2026 and 2036, a 74% jump over the prior decade. Only about 380,000 are starter homes, and the firm says the handoff will not move entry-level affordability.
Valon Technologies raised $150 million in Series D funding at a $2.3 billion valuation, doubling its prior valuation, with Ribbit Capital joining and Andreessen Horowitz returning. The company says one in six outstanding U.S. mortgages is under contract to run on its ValonOS servicing platform.
Fathom Holdings and Neighborhood Intelligence, the company formerly known as Bed Bath & Beyond, terminated their merger agreement on Oct. 5, saying current valuations would not reflect the fair value of either company. NXH will also keep the tZERO stake it had proposed to swap for control of the brokerage.
The GEO Group completed the $950 million sale of three immigration detention facilities in Adelanto, Calif., totaling 2,644 beds, to the federal government through the Department of Homeland Security, and will keep operating them under an ICE contract that runs through 2034.
Deductibles and coverage limits leave households responsible for 29% of expected property losses, and lower-FICO policyholders and homes facing the worst tail risk retain the most, two economists find in a New York Fed post.
Yardi says the new platform embeds AI in modules clients already run, opens live Yardi data to outside AI assistants starting with Claude, and adds agents for invoice approvals, lease audits and month-end close.
OIRA received Treasury’s proposed rule implementing the 21st Century ROAD to Housing Act’s ban on large institutional investor purchases of single-family homes on Oct. 2. The prohibition itself takes effect Jan. 7, 2027.
The justices denied certiorari in Zillow Group v. Jaeger on the first day of the new term, ending the company’s effort to undo a class certified over its 2021 statements about Zillow Offers pricing.
Payroll growth nearly stopped in September and July and August were revised 60,000 lower, yet the 30-year mortgage rate jumped 25 basis points to 7.28%. Plus a RealPage injunction in New York, a Senate bill on agents’ status and data centers running 73% ahead.
Sen. Mike Lee introduced S. 5646 on Sept. 30, a two-page bill that would amend the Fair Labor Standards Act so its definition of “employee” excludes qualified real estate agents and direct sellers, replacing the Labor Department’s case-by-case test with a statutory rule.
LTC Properties said Oct. 1 it paid nearly $160 million for three senior housing communities in Florida, Virginia and Maryland, funded by the sale of 20 triple-net-leased properties for more than $260 million, pushing its operating portfolio past 40% of net operating income.
Corcoran’s third-quarter report counts 3,625 Manhattan closings, up 9% and the most since 2022, with active listings at a nine-year third-quarter low, sponsor inventory at a 14-year low and the median price at a third-quarter record $1.250 million.
Hines said Oct. 2 that Adam Hines will become co-CEO alongside Laura Hines-Pierce on Jan. 1, 2027, David Steinbach will become the firm’s first president and Jeff Hines will step back to chairman at the $91 billion real assets manager.
Sellers that cannot finish their UAD 3.6 transition can keep submitting the old appraisal format through May 19, 2027 β at the cost of collateral representation and warranty relief starting March 1.
The grocery-anchored REIT is contributing 13 centers across eight states to Grocery Retail Partners I, extending the venture to 2036, and raised its full-year acquisitions guidance to as much as $700 million.
AWS chief executive Matt Garman pledged more than $1 billion over five years for the counties hosting Amazon’s data centers, citing more than 100 local moratoriums under consideration across the country.
September payrolls rose 29,000, below the prior year’s monthly average, and revisions erased 60,000 jobs from July and August. Construction’s 11,000 gain came entirely from nonresidential work.
Gov. Wes Moore signed two executive orders Oct. 1 creating a modular housing initiative and a statewide permitting team, after a 2025 order cut environmental permit times 25%.
ATTOM’s Q2 2026 flipping report found a typical gross profit of $60,526 and a 21.5% margin, down from 27.6% a year earlier, with San Antonio flips posting a small loss.
CertifID acquired Austin-based Closinglock on Oct. 1, combining wire-fraud prevention with escrow payments across more than 3,000 title companies. Terms were not disclosed.
Freddie Mac’s 30-year fixed-rate average rose a quarter point to 7.28% on Oct. 1, the highest since November 2023, as the 10-year Treasury yield climbed to 5.29%.
From 2028 the Fed will average two years of stress-test results to set big banks’ capital buffers, a change it says will cut volatility in requirements by half.
Construction managers and building inspectors are the only two of 47 construction occupations BLS rates as high-exposure to AI. The other 45 rate low or moderate.
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