Palatial $58.5M Brentwood estate spans 5 acres, has sunken tennis court

This Westside listing will make even seasoned Los Angeles luxury buyers sit up. Located at 12833 Chalon Rd, this $58.5 million Brentwood estate sits on its own five-acre promontory in the ultra-private Brentwood Country Estates, one of L.A.’s most exclusive guard-gated communities. With just 13 homes and 24/7 security, it combines the privacy of a secluded retreat with easy access to the city’s best...

U.S. New-Home Sales Surge in August as Mortgage Rates Ease

U.S. new-home sales posted an unexpectedly sharp gain in August 2025, helped by a dip in borrowing costs that lured buyers back into the market. Purchases of newly built single-family homes jumped 20.5% from July to an annualized pace of 800,000, the fastest since early 2023, according to government data released Tuesday. That figure followed an upward revision to July sales and marked a 15.4% increase...

Compass-Anywhere deal sparks MLS reckoning

For many in the multiple listing services (MLS) industry, Monday’s announcement that Compass was acquiring Anywhere served as a wake-up call of sorts.  Over the past year, Compass has worked to grow its stockpile of exclusive listings, but many did not consider the Robert Reffkin-helmed firm a serious threat to the MLS structure, due to the size of his firm. That all changed with Monday’s...

loanDepot challenges class-action suit tied to LO comp rules, steering

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated, years-long scheme” to falsify...

Baltimore launches $6.2B housing redevelopment effort

Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected to leverage an additional $5 billion from...

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