September 2025

Compass taps former NAR settlement attorney Ethan Glass as chief legal officer

Compass has appointed Ethan Glass as its new chief legal officer. Glass — a veteran antitrust lawyer — previously led the global antitrust and competition practice at Cooley LLP and directed U.S. Department of Justice teams that investigated and sued multiple listing service (MLS) organizations over anticompetitive conduct. “I’m honored to join Compass, a company committed to empowering...

Fannie Mae: Consumer housing sentiment slips in August

Americans grew slightly less confident about the housing market in August, as more consumers expressed concerns about job stability, selling conditions and future home prices, according to Fannie Mae’s monthly National Housing Survey. The agency’s Home Purchase Sentiment Index (HPSI) fell 0.4 points to a reading of 71.4 — with four of its six components declining. More positive outlooks for...

Homeownership among Black Americans drops to 4-year low

The homeownership rate among Black Americans fell to 43.9% in the second quarter of 2024, the lowest level since late 2021, according to Redfin. That was down from 45.3% a year earlier and marked the steepest annual decline since the third quarter of 2021. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data){var e=document.querySelectorAll("iframe");for(var t...

Rare new build in historic Santa Monica lists for $24.998M

Finding brand-new construction on one of Santa Monica’s historic streets is no easy feat. But a newly completed estate on La Mesa Drive has arrived on the market for $24.998 million, offering a rare combination of modern architecture, sustainable design, and a coveted address. Developed by Maison by PGB, the home was carefully designed to respect the neighborhood’s history while looking firmly...

Miami villa has a gold-domed staircase, Lego-inspired kids room — and a $16.75M price tag

Designed by acclaimed architect Giorgio Balli, this Italian villa isn’t shy about making an entrance — or an impression. With bold emerald tones, a sweeping gold-domed staircase, and a kids’ room straight from the imagination of a Lego mastermind, the home is a blend of architectural gravitas and playful luxury. The estate spans more than 9,000 square feet and sits behind gates for maximum...

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...

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...

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...

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