10th Circuit Affirms Dismissal of Homie’s Antitrust Suit Against NAR
The appeals court found the discount brokerage’s claims both untimely and legally insufficient, handing NAR a second court win against Homie in less than two years.
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The latest real estate news, market data, and expert insight from RealtyWire.
American Healthcare REIT Prices $712 Million Stock Offering for Senior Housing Acquisitions
The forward-sale structured offering will fund a pending senior housing portfolio acquisition, extending a pattern of large equity raises the REIT has used throughout 2026 to grow without adding leverage.
Hillsborough, Calif., Estate Sells for Record $70 Million to Buyer in AI Industry
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
Wildfire Risk Now Threatens $1.4 Trillion in Western U.S. Properties, Cotality Finds
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
DOJ, Rocket Mortgage Seek Pause in Appraisal Bias Case as Settlement Talks Advance
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
NewRez to Pay $15.5 Million in Multistate Settlement Over Force-Placed Insurance Charges
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 to Raise Homeowners’ Rates 29.1% Starting Oct. 15
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 Buys Jacksonville, Fla., Operations Campus for $155 Million
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
Altrio Launches AI Tool to Auto-Score Commercial Real Estate Deals
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.
Bessent Says K-Shaped Economy Is Over. Housing Data Disagrees
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 as Rates Rose, MBA Data Shows
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, Texas, Luxury Home Prices Post Steepest Drop in the Nation
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 Surged 30% in 5 Years, Report Finds
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, Ken Griffin Form $6.2B JV for 350 Park Avenue Tower
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 Signs $9.1B AI Data Center Lease at Former Alcoa Plant in Texas
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.
Home Sales Hit 2-Year Low in July as Texas, Seattle Lead Decline
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.
July CPI: Inflation Eases to 3.4%, Easing Pressure on Mortgage Rates
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.
The Costly Mistakes Home Sellers Keep Making
After three decades in real estate, I can usually predict which listings will struggle before they hit the market — 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 Buys Ace Hardware’s 1.5M-SF Kansas City Distribution Hub for $158.5M
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.
Commanders Pick Clark | Mortenson | SmootDC to Build $3.8B DC Stadium
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.
NY AG Forces Private Equity Firm to Cede Control of Hudson Yards Condo
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.
Invitation Homes CEO: Institutional Buying Ban Won’t Lower Prices Right Away
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 Posts $86.7M Q3 Loss on Charge, But Backlog Hits Record $27.8B
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 to Invest $38M in Midtown Manhattan Expansion, Add 200 Jobs
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 Raises $25M From Susquehanna Growth Equity, Tops 8M Units
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.
Stonepeak Buys 860,100-SF Rail-Served Logistics Asset in Fort Worth
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.
Bipartisan Bill to Double Home-Sale Capital Gains Exclusion Gains Momentum in Congress
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.
Existing-Home Sales Fall 1.7% in July to 4.06 Million as Prices Hit Record High, NAR Says
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.
Insurers Earn $8.8 Million a Day on Delayed Homeowner Claims, Analysis Finds
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 — a $61.6 million windfall over a week.
Judge Halts NYC’s Pied-à-Terre Tax Rollout, But City’s Appeal Keeps It Alive
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.