At $125M, this Hollywood Hills estate is one of L.A.’s priciest — and it can’t be replicated today

A newly listed estate perched high above the city is asking $125 million, putting it among the priciest properties in Southern California. Built over the course of a decade with $30 million worth of poured-in-place concrete, this Hollywood Hills estate is the kind of project that can’t be replicated under today’s building codes. Perched high above the city at 7661 Curson Terrace, the trophy home...

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...

CrossCountry Mortgage raises conforming loan limit to $819,000

Top 10 U.S. mortgage lender CrossCountry Mortgage (CCM) on Wednesday announced that it has increased its conforming loan limit to $819,000, joining the list of lenders that are moving in advance of the projected 2026 loan limits to be released later in the year by the Federal Housing Finance Agency (FHFA). “Today’s housing market can be tough to navigate, and CCM is focused on creating solutions...

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...

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...

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