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Las Vegas Home Prices Flatten as Listings Surge, Sales Slow

Las Vegas home prices held steady in August 2025 while listings swelled and sales cooled, signaling a more balanced market after years of volatility, according to a report Monday from Las Vegas Realtors. The median price of an existing single-family home sold through the group's Multiple Listing Service was $480,000 last month, up less than 1% from a year earlier and below the $485,000 peak reached...

Longbridge’s ‘HELOC for Seniors’ is officially on the market

Longbridge Financial has officially launched a home equity line of credit (HELOC) program that’s designed for homeowners ages 62 and older, offering approval and funding in as little as five business days.  The move marks an expansion beyond the company’s core reverse mortgage business while staying focused on older borrowers. This demographic collectively holds nearly $14 trillion in home...

Los Angeles ‘mansion tax’ fuels record affordable housing funding

Los Angeles will make $387 million available for affordable housing projects — reportedly the largest single funding round in the city housing department history. Applications for the funds opened Sept. 5 and close Oct. 20. Eligible applicants include nonprofit and for-profit developers, community land trusts, limited equity housing cooperatives, public entities and other organizations, the Los...

Bill aims to expand affordable housing on unused religious, college land

U.S. Sens. Mark R. Warner (D-Va.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) introduced legislation last week that would make it easier for faith-based organizations and colleges to convert unused land into affordable housing. The measure — called the Yes in God’s Back Yard (YIGBY) Act — would direct federal resources to help religious institutions and higher education campuses develop...

US housing market value hits record $55T, but growth is slowing

The total value of U.S. homes has climbed to a record $55.1 trillion, although growth has cooled in the past year amid high housing costs. That figure represents a $20 trillion increase since early 2020 and an $862 billion gain over the past year, according to an analysis released Monday by Zillow. But while the national market edged higher, several large states saw their housing values...

Top 5 IMB priorities for GSEs in a post-conservatorship world

On Friday, 46 independent mortgage banks (IMBs) jointly sent a letter to Treasury Secretary Scott Bessent and FHFA Director Bill Pulte, laying out priorities for IMBs for a successful Fannie Mae/Freddie Mac exit from conservatorship. Spearheaded by the Community Home Lenders of America (CHLA), the only national group that exclusively represents IMBs, this IMB sign-on letter laid out five key...

Fun-ready $7.5M Redland mansion comes with a casino room, rock stage, and private airstrip

South Florida has no shortage of luxury estates, but few pack in as much personality as “Casa da Campagna,” a sprawling 11-acre equestrian property in Miami’s Redland community. Asking $7.5 million, the mansion offers the kind of features you’d expect from a boutique resort — a saltwater pool, stables, a mini golf course — along with a few you probably wouldn’t, like a private airstrip,...

$8.5M Las Vegas time capsule hides a surreal (fully) underground house frozen in the 1970s

Las Vegas has no shortage of spectacle, but even in a city built on surprises, this one takes things underground — literally. Just a few minutes from the Strip, a seemingly ordinary home conceals one of the wildest properties ever built in the U.S.: a sprawling 14,620-square-foot subterranean estate that looks like it was frozen in time in the ’70s. Known as the Underground House, this $8.5...

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