National News

March’s interest-rate slide prompts jump in pending home sales 

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

Private listings: Harbinger of seller choice or threat to market equality?

Compass and NWMLS have been engaged in a months-long back-and-forth regarding private listings and NAR’s Clear Cooperation Policy. The latest development? A federal lawsuit.

Compass sues NWMLS

The brokerage announced its pursuit in a press release on April 25.

New-home sales climb in March in the face of high mortgage rates

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Matthew Gardner’s Q1 2025 market insights

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

MBA: Mortgage applications fall almost 13% on interest rate surge 

The average 30-year mortgage saw its contract interest rate jump to 6.90% from 6.81% the week before, the Mortgage Bankers Association said. 

New-home construction drops more than expected in March 

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

eXp Realty challenges other brokerages to adopt new seller advisory form warning of private listings

Parejo added that eXp’s recent decision to adhere to Zillow’s anti-private listing policy is not exclusive to the online portal.

Redfin joins the Clear Cooperation fray; won’t publish listings until they’re on the MLS 

In a statement, Redfin CEO Glenn Kelman also asked MLSs to create a “coming-soon” designation that precludes search sites from showing listing history. 

Zillow prohibits privately-marketed listings, eXp commits to sharing within 24 hours

eXp Realty was the first brokerage to publicly join Zillow, announcing its commitment to ensuring eXp listings are available on Zillow within 24 hours of marketing to consumers.

Homeowners are remodeling for their own joy — not for resale value

The upgrades that brought homeowners the most joy in 2024 were primary bedroom suites, kitchens and new roofing.

Once again, baby boomers make up the largest share of homebuyers

“In a plot twist, baby boomers have overtaken millennials — the largest U.S. population — to become the top generation of homebuyers,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research.

Rocket to acquire Mr. Cooper for $9.4 billion 

The acquisition of the mortgage servicer comes on the heels of Rocket’s $1.75 billion deal for Redfin. 

Compass clients seek class-action lawsuit against NWMLS

A new website encourages home sellers in Washington state to join a potential class-action lawsuit against NWMLS.

NWMLS responds in support of Clear Cooperation

NWMLS’s statement, penned by President and CEO Justin Haag, comes just days after NAR’s recent decision to keep its Clear Cooperation Policy, but introduce a new listing option that allows sellers to delay broader marketing of their properties.

NWMLS launches Data Partners program

The program also makes NWMLS listings available to brokers from participating MLSs, including partners in California, Colorado, the Midwest and the East Coast.

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