Home prices firmed up for the second month in a row in the existing home sales report released Thursday. Demand showed higher year-over-year growth, while inventory growth has slowed down recently. Several months ago, my model showed that the existing-home sales market should show growth compared to last year, even if sales remained flat at 4 million units. The year-over-year increase from June to...

Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources.According to a September memo summarizing the findings, any financial benefit James may have received would have been minimal — roughly $800 in the year she purchased the home....

As the U.S. housing crisis deepens and climate change intensifies, residents of affordable housing are vulnerable to dangerous and sometimes deadly extreme heat, according to new analysis from the Union of Concerned Scientists. The report, titled “Colliding Crises,” examined nearly 8 million homes in key segments of the affordable housing market — including public and project-based subsidized...

Just two days after filing a breach of contract suit against CoStar and Homes.com, REcore Solutions has dismissed its claims with prejudice. This means that it cannot file a lawsuit against the same defendants with the same claims. California Regional MLS (CRMLS), which receives licensing services from REcore, informed members on Thursday that the suit had been dismissed and that CRMLS listings will...

The Federal Home Loan Bank of Dallas (FHLB Dallas) has announced $73.5 million in affordable housing grants to 53 projects across Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. “Through the strength of our member institutions, we’re able to channel these funds into projects that directly address the housing needs of our communities,” Sanjay Bhasin, president and CEO of FHLB...

Sea Ranch Lakes just notched a new high-water mark. The newly built Intracoastal estate at 32 Seneca Rd closed for $13,000,000, setting a price record for the gated oceanfront community in Florida — and giving listing agent Veroushka Volkert of ONE Sotheby’s International Realty her second consecutive record here after her $8.7M deal at 7 Seneca Rd in 2023. The sale underscores the appetite for...

The onetime Long Island mansion of “Wolf of Wall Street” figure Jordan Belfort has sold off-market for $6,875,000, marking the highest sale in Old Brookville year-to-date. The discreet deal at 5 Pin Oak Court was handled on the seller side by Joe Scavo of Douglas Elliman. Famous from Belfort’s headline-making years — later immortalized in Martin Scorsese’s 2013 film starring Leonardo DiCaprio...

The West Coast residence of famed interior designer John Saladino has come to market in Montecito at $12,500,000. For design followers, this is a rare chance to buy a home that reflects the “designer’s designer” at a personal level — more than a commission, it’s a place he lived with and refined over time. Saladino’s influence is well documented (in 2013 Ellen DeGeneres and Portia de...

Cloris Leachman knew how to pick a backdrop. Long before she collected an Oscar for The Last Picture Show and Emmys for The Mary Tyler Moore Show, she and husband George Englund settled into a green pocket of lower Mandeville Canyon — and stayed there for nearly three decades. They owned the home from October 1971 to February 2000; and while the original house might be gone, the grounds (rooted...

Having bought this big, beautiful house in London, the owners wanted to rethink the kitchen and living space with longevity in mind. They asked Rebecca Nokes of John Lewis of Hungerford to design it using cabinetry and appliances that would last. They wanted her to think ahead too. “They...