The latest real estate news, market data, and expert insight from RealtyWire.
A 12-acre estate in Hillsborough, Calif., has sold for $70 million, doubling the exclusive Peninsula town’s previous price record, to a buyer who works in the artificial intelligence industry, according to reporting confirmed Aug. 7. The sale ranks as the highest-priced Northern California home transaction of 2026. The property, known as Villa de Verano, sits … Read more
More than 2.5 million properties across the 10 most wildfire-exposed Western states face moderate or greater wildfire risk, with a combined reconstruction cost value of $1.4 trillion, according to a 2026 Wildfire Risk Report released Wednesday by Cotality. The findings underscore how wildfire exposure has spread well beyond California’s borders and into fast-growing metros across … Read more
The Justice Department and Rocket Mortgage have jointly asked a federal court in Colorado to pause a closely watched appraisal-discrimination lawsuit while the two sides pursue a settlement, according to court filings entered July 31 in the U.S. District Court for the District of Colorado. In two joint motions — one requesting a settlement conference … Read more
Mortgage servicer NewRez LLC will pay $15.5 million to resolve a multistate examination that found the company improperly charged force-placed insurance to more than 4,200 borrowers nationwide who already had active homeowners insurance policies, the Arkansas Securities Department announced August 12. Force-placed insurance is coverage a mortgage servicer buys on a borrower’s behalf, at the … Read more
California’s FAIR Plan, the state-created insurer of last resort for homeowners who cannot find coverage in the private market, will raise rates by an average of 29.1% starting Oct. 15, according to reporting confirmed Aug. 11. The increase will hit the roughly 700,000 California households now covered by the plan, whose ranks have grown sharply … Read more
Bank of America has paid $155 million to buy five buildings and two parking garages it previously leased at its Southside Boulevard operations campus in Jacksonville, Florida, according to Jacksonville business press reporting Aug. 10. The sale closed Aug. 6. The purchase covers roughly 820,000 square feet across Buildings 200, 300, 400, 500 and 600 … Read more
Proptech firm Altrio launched Altrio Pro, an AI tool that automatically scores and organizes commercial real estate deals from broker emails, and rebranded its Origin platform as Altrio Enterprise.
Treasury Secretary Scott Bessent says the K-shaped economy is over, but Realtor.com transaction data shows entry-level home sales still declining faster than any other price tier while $1M-$2M sales keep growing.
Mortgage applications fell 6.6% in July and posted their first year-over-year decline in two years, according to MBA’s monthly composite data, as the average 30-year fixed rate climbed to 6.70%.
Austin’s luxury home price threshold fell 9.6% year over year in July, more than three times the national pace and the steepest decline of any metro Realtor.com tracks, as the market normalizes after its pandemic-era boom.
Texas homeowners insurance premiums rose 30% between 2019 and 2024, roughly 10 times faster than income growth, pricing nearly two-thirds of the state’s households out of their county’s median-priced home, a Rice University report finds.
Vornado, Rudin Management and an entity tied to Citadel’s Ken Griffin will jointly redevelop 350 Park Avenue into a 1.9M-square-foot trophy tower, with Citadel signing a 15-year anchor lease as part of the $6.2 billion project.
Riot Platforms disclosed a 20-year, $9.1 billion data center lease for 191 MW of capacity at its Rockdale, Texas campus, a former Alcoa smelter site, with an AI lab tenant regional media have identified as Anthropic.
U.S. home sales fell to their lowest level in nearly two years in July, with San Antonio, Dallas and Seattle posting the steepest declines even as West Palm Beach and San Francisco saw sales grow, Redfin found.
The Consumer Price Index rose 3.4% annually in July, an in-line reading that gives the Fed room to hold rates steady and eases near-term pressure on mortgage rates, which sit near 2026 highs.
After three decades in real estate, I can usually predict which listings will struggle before they hit the market β because sellers keep making the same handful of mistakes. Every one of them is avoidable. Here are the ones that cost the most. Pricing by feel instead of by data Pricing is more science than … Read more
Morgan Stanley Real Estate Investing acquired a newly built, 1.5 million-square-foot distribution facility leased to Ace Hardware in Kansas City for $158.5 million, in an off-market deal with developer Hunt Midwest.
The Washington Commanders have selected a joint venture of Clark Construction, Mortenson and Smoot Construction to build their new $3.8 billion stadium at the former RFK Stadium site, with completion targeted for spring 2030.
New York Attorney General Letitia James secured a $700,000-plus settlement from SME Capital Ventures over its handling of a 441 West 37th Street condo building in Hudson Yards, forcing the firm to turn the board over to residents.
Dallas Tanner, CEO of the nation’s largest single-family rental landlord, told CNBC he expects the new federal ban on large-scale institutional homebuying to ease prices over time, but not immediately.
AECOM reported an $86.7 million fiscal Q3 net loss tied to a $337 million charge on a 2019 project, even as the engineering giant’s backlog climbed to a record $27.8 billion.
Capital Group is expanding its Midtown Manhattan office footprint at 345 Park Avenue with a roughly $38 million investment expected to create 200 jobs, backed by up to $3 million in New York state tax credits.
ApartmentIQ raised a $25 million follow-on round from repeat investor Susquehanna Growth Equity as the apartment data and AI platform says its coverage now spans more than 8 million units nationwide.
Infrastructure investor Stonepeak acquired an 860,100-square-foot rail-served logistics facility in Fort Worth’s Alliance submarket, extending a multiyear buying spree that now totals nearly 2.7 million square feet in the corridor since 2024.
The More Homes on the Market Act would raise the capital gains exclusion on home sales to $500,000/$1 million, up from limits set in 1997. Two bipartisan bills are now in committee with a combined 174 cosponsors.
U.S. existing-home sales dropped 1.7% in July to a 4.06 million annual rate as mortgage rates hit a 2026 high, even as the median price set a record for the 37th straight month, NAR reported.
A new Consumer Federation of America and Weiss Ratings analysis, highlighted by Realtor.com, finds home insurers collectively earn $8.8 million a day in extra investment income for every day a claim payment is delayed β a $61.6 million windfall over a week.
A Staten Island judge temporarily blocked New York City’s enforcement of its new pied-a-terre tax on luxury second homes, but the city’s automatic appeal kept the rollout in force pending an Aug. 31 hearing, as brokers report owners shifting high-value units into the rental market.
All seven residential mortgage categories saw weaker demand in Q2 2026 even as lending standards mostly held steady, new Federal Reserve survey data analyzed by NAHB shows, with subprime the lone category still tightening.
Douglas Elliman’s second-quarter net loss narrowed to $2.7 million as the luxury brokerage launched an AI transformation, including a new intelligence platform called Elius built with Google Cloud.
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