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What real estate agents need to know about the 50-year mortgage

As the White House and federal housing officials float backing 50-year fixed-rate mortgages as a potential tool to ease U.S. housing affordability, the proposal has drawn quick praise from some quarters and sharp criticism from housing economists and industry groups. The idea surfaced publicly this month when President Donald Trump shared an image on Truth Social that appeared to hint at his support for...

FHFA eyes assumable and portable mortgages, raising questions for lenders

Bill Pulte said this week that the Federal Housing Finance Agency (FHFA) may allow Fannie Mae and Freddie Mac to offer assumable or portable mortgages — part of ongoing discussions inside the Trump administration on ways to address housing affordability. “At Fannie and Freddie, we are evaluating how to do assumable or portable mortgages, in a safe and sound manner,” Pulte posted Sunday on X. On...

Tom Petty’s Malibu estate sells for $11.2M, ending an era of rock history

One of Malibu’s most storied homes — and a cherished piece of rock history — has officially found a new owner. The former estate of Tom Petty, the Rock & Roll Hall of Famer and frontman of the Heartbreakers, has sold for $11.2 million. The Malibu listing was held by Myra Nourmand and Levi Freeman of Nourmand & Associates–Hollywood, with Michael Telega and Or Brodsky of The Brodsky Group...

$18.2M Rancho Santa Fe estate was designed for nonstop entertaining (with bowling alley, full resort)

Douglas Elliman has just unveiled one of Rancho Santa Fe’s most spectacular listings — a sprawling, resort-inspired compound at 7029 Las Colinas, priced at $18.2 million. Represented by Dan Tomasi of Douglas Elliman and Jason Saks of The Altman Brothers Team at Douglas Elliman, this architectural masterpiece blurs the line between private home and five-star retreat. Photo credit: Jonathan Fennell...

Las Vegas Market Cools as Home Prices, Sales Dip in October

Southern Nevada's housing market lost some of its heat in October 2025 as both home prices and sales declined while inventory continued to rise, according to the latest data from Las Vegas Realtors (LVR). The median price of an existing single-family home sold through the LVR's Multiple Listing Service fell slightly to $474,370, down 0.2% from October 2024 and below the all-time high of $485,000 reached...

How Las Vegas sellers are adjusting prices in a changing real estate market

Price reductions swept through 39.7% of Las Vegas-Paradise metro’s single-family home listings during the week ending Nov. 7, 2025, marking a pronounced shift in seller behavior as the market settles into neutral conditions. The metro’s 3.4 months of inventory supply now exceeds the national average of 2.9 months, creating more negotiating room for buyers who have watched the desert market’s rapid...

San Diego sellers hold firm on pricing as homes linger 50% longer than last year

San Diego-Carlsbad-San Marcos metro homeowners are betting on patience over price cuts, maintaining a $1,225,000 median list price even as properties take 63 days to sell, a 50% jump from 42 days a year ago. The standoff between sellers and buyers has created a notable slowdown in market velocity, with only 369 homes absorbed weekly compared to 586 during the same period in 2024. The pricing discipline...

Hometap continues to fight ‘illegal reverse mortgage’ lawsuit in Massachusetts

A lawsuit filed earlier this year by the state of Massachusetts against home equity investment (HEI) provider Hometap is being allowed to proceed after a ruling in August by a Suffolk County Superior Court judge. And the parties made new filings in court last week as they attempt to convince the court of the merits of their arguments. State Attorney General Andrea Joy Campbell sued Hometap in February...

Tommie Wehrle named president of LGBTQ+ Real Estate Alliance

Tommie Wehrle, a learning consultant with Better Homes and Gardens Real Estate, has been appointed as the 2026 president of the LGBTQ+ Real Estate Alliance, a national trade organization representing more than 3,500 members. Wehrle has worked in real estate for nearly 35 years, holding roles as an agent, broker-owner, instructor and coach. She has been active in local and state Realtor associations and...

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