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$32M Beverly Hills property hits the market, but it’s just a basement

USA Real Estate News-Inman - Thu, 2025-02-13 14:59
If completed as designed, the Beverly Hills estate will feature five bedrooms and eight bathrooms. Open-concept indoor-outdoor living spaces, a wellness center with a spa and indoor pool, and an entertainment basement with a home theater and private lounges are also in the plans.

Fed Chair Testimony Part II: Independence, Inflation and International Banking Regulations

USA Real Estate News-RISMedia - Thu, 2025-02-13 14:17

Appearing before The Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force—established by the House Financial Services Committee in January—Federal Reserve Chair Jerome Powell was questioned about the Fed’s independence amid political pressures, the role of Fannie Mae and Freddie Mac and the impact of tariffs on housing affordability. This hearing followed Powell’s Senate…

The post Fed Chair Testimony Part II: Independence, Inflation and International Banking Regulations appeared first on RISMedia.

Average Mortgage Rate Continues to Decrease

USA Real Estate News-RISMedia - Thu, 2025-02-13 13:46

The average 30-year-fixed rated mortgage continued edging downward this week, lowering from last week’s 6.89% to 6.87%, according to the latest Primary Mortgage Market Survey® (PMMS®)from Freddie Mac, released Thursday. “The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,” said Sam Khater, Freddie Mac’s chief economist.…

The post Average Mortgage Rate Continues to Decrease appeared first on RISMedia.

Zillow CEO lauds remote work as portal continues to slash space

USA Real Estate News-Inman - Thu, 2025-02-13 13:45
The company’s 2024 10-K filing revealed it expects its leasing costs to drop by about $16 million over the next four years and anticipates earning $26 million in sublease income during the same period.

Zillow CEO lauds remote work as portal reveals plan to slash space

USA Real Estate News-Inman - Thu, 2025-02-13 13:45
Zillow CEO Jeremy Wacksman said the company expects its leasing costs to drop by about $16 million over the next four years and anticipates earning $26 million in sublease income during the same period.

Anywhere CEO Advocates for ‘Relaxed’ Clear Cooperation Rules on Investor Call

USA Real Estate News-RISMedia - Thu, 2025-02-13 13:37

Above, Anywhere CEO Ryan Schneider The Clear Cooperation rule mandated by the National Association of REALTORS® (NAR), where listings must be put on an MLS within 24 hours, remains controversial within the industry. In an exclusive interview with RISMedia Founder and CEO John Featherston back in January, NAR President Nykia Wright claimed the issue would…

The post Anywhere CEO Advocates for ‘Relaxed’ Clear Cooperation Rules on Investor Call appeared first on RISMedia.

Judge in Buyer Case Partially Denies Plaintiffs’ Request to Expand Lawsuit

USA Real Estate News-RISMedia - Thu, 2025-02-13 11:48

In the largest and oldest commission-focused case filed by homebuyers (known as Batton), Judge LaShonda Hunt mostly sided with defendants in a dispute over new claims and new named plaintiffs, characterizing the proposed amendment as burdensome and unnecessary. At a hearing today in the Northern District of Illinois, Hunt eventually directed defendants—consisting of the National…

The post Judge in Buyer Case Partially Denies Plaintiffs’ Request to Expand Lawsuit appeared first on RISMedia.

Broker Spotlight: Glen Stegemann, The Agency Sandestin

USA Real Estate News-Inman - Thu, 2025-02-13 10:18
Find out how this Emerald Coast broker is making waves in the ever-popular Florida luxury market.
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