10 States Sue OCC to Block New Rules Eliminating Mortgage Escrow Interest
Ten states led by Oregon and New York sued the OCC over rules that would let national banks stop paying interest on mortgage escrow balances in 14 states and territories.
The latest real estate news, market data, and expert insight from RealtyWire.
Ten states led by Oregon and New York sued the OCC over rules that would let national banks stop paying interest on mortgage escrow balances in 14 states and territories.
Ask buyers which room decided their offer and the answer, more often than any other, is the kitchen. It is the heart of the home and the most scrutinized space in it — buyers open the cabinets, run their eyes along the counters, and peer under the sink. After hundreds of staging consultations, I can … Read more
California Regional MLS launched REcore Workspace, a customizable hub replacing its static dashboard for more than 100,000 subscribers across Matrix, Paragon and Flexmls.
San Jose’s City Council directed staff to draft rules raising Residential Neighborhood density from 8 to as many as 32 units per acre. The mayor’s memo cites the risk of losing Housing Element certification.
The Data Center Coalition agreed to comply with Gov. Greg Abbott’s five development standards, and at least one operator ended a Texas project rather than meet them, as ERCOT works through a 474-gigawatt interconnection queue.
Unframe says Cushman & Wakefield reduced lease abstraction from as long as three days to minutes and has expanded to more than 15 active AI projects. Cushman & Wakefield has not issued its own announcement.
Single-family starts plunged, mortgage rates eased for a second week, the $876 million commission settlements survived appeal, and Real and RE/MAX cleared the way for a Monday closing.
Californians for Homeownership and the California Housing Defense Fund filed three suits Aug. 20 alleging San Diego, San Francisco and Montebello unlawfully narrowed Senate Bill 79, the state’s transit-oriented housing law.
More than 40 homeowners sued in Newport Superior Court over Rhode Island’s $5-per-$1,000 surtax on second homes assessed above $1 million, arguing it targets owners who cannot vote in the state.
RentCafe launched Ren, a conversational AI apartment search agent available nationwide, letting renters describe what they want instead of setting filters. The site says it serves more than 40 million renters.
The Bluffs, a two-building Class A campus in Playa Vista, Los Angeles, has completed a full repositioning with more than 57,000 square feet leased, including The Honest Company’s headquarters relocation.
Greystone Capital Advisors completed a $369.6 million cross-collateralized bridge facility from PGIM covering five newly built New Jersey multifamily properties totaling 1,340 units for Capodagli Property Company.
Austin-based Boom raised a $15 million Series A led by S3 Ventures and launched BoomCRM, an AI leasing platform built on its applicant screening data. The company says it screens for more than 400 operators covering over 500,000 units.
The FTC’s antitrust trial against Zillow and Redfin opens Monday alongside the Real-RE/MAX closing, Case-Shiller and new-home sales land Tuesday, and the Fed’s Jackson Hole symposium convenes Thursday.
A proposed class action filed Aug. 19 in Manhattan federal court alleges Compass pulled rental listings from StreetEasy in August to funnel renters to its own platform. Compass has not yet responded and the allegations are untested.
A federal bench trial over the FTC’s claim that Zillow paid Redfin $100 million to quit the rental advertising market begins Aug. 24 before Judge Anthony J. Trenga in Alexandria, Va.
Deere & Company reported fiscal third-quarter net income of $1.379 billion, with Construction & Forestry sales up 18% and segment operating profit up 84% — a read on where U.S. building activity is actually concentrated.
U.S. construction starts rose 25.6% in July to a $1.79 trillion annual rate, Dodge Construction Network reported, but nearly $29 billion of the increase came from three data center and semiconductor projects. Residential starts remain down for the year.
The Real Brokerage and RE/MAX Holdings expect to close their combination Aug. 24 as Real REMAX Group, releasing preliminary results of the RE/MAX stockholder election on merger consideration.
Construction payrolls grew by 22,000 in July while total U.S. employment fell 23,000, according to NAHB’s state-level breakdown of Bureau of Labor Statistics data. Illinois led monthly gains; Texas posted the largest decline.
Amazon will build a multibillion-dollar robotics manufacturing facility on about 300 acres in East Austin, anchoring the newly annexed Dog’s Head development with 300 to 500 jobs.
Single-family attached starts totaled 42,000 in the second quarter, down 9% year over year, pulling townhouse market share off its 2025 record high while staying well above historical norms.
Google confirmed it is the end user of a 506-acre data center campus under construction near Owasso in Tulsa County, Okla., developed under the code name Project Clydesdale.
Home discounts peak in late August across much of California, Austin and New York suburbs, and in September across Texas, Houston, Las Vegas and Washington, D.C., a Redfin analysis found.
Michigan Republican Senate nominee Mike Rogers now supports a one-year statewide moratorium on new data centers, reversing his July position as opposition to AI infrastructure crosses party lines.
NVIDIA has made a minority investment in Cloverleaf Infrastructure, a developer of powered, shovel-ready data center sites, targeting the power and land bottleneck constraining AI buildout.
The Southern Environmental Law Center asked a South Carolina court to stop construction of a $2.8 billion, 457-megawatt data center in Spartanburg County, saying the project improperly skipped planning commission review.
About 15,000 single-family built-for-rent units started construction in the second quarter, down from 18,000 a year earlier, with the four-quarter average off 16% as financing costs bite.
Oxford Properties bought the 99%-leased One Marina Park Drive in Boston’s Seaport District from Clarion Partners for $435 million, about 10% less than Clarion paid in 2019.
The New York metro area counted 394,300 tech talent workers in 2025 against the San Francisco Bay Area’s 375,730, the first time New York has led in the 13 years CBRE has tracked the measure.
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