National News

Realtor survey points to expected increase in buyer traffic

The latest National Association of REALTORS® Confidence Index Survey found that 16% of respondents expect a year-over-year increase in buyer traffic in the next three months, compared to 13% a month earlier.

DOJ accuses RealPage of rent price-fixing scheme

RealPage calls DOJ filing “devoid of merit.”

New-home sales jump in July

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

Existing-home sales end 4 months of declines in July

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

NAR elevates Nykia Wright from interim to permanent CEO

Wright had served as interim CEO since November.

Apartment construction surges nationwide

Seattle ranked No. 12 among major metro areas, with more than 12,800 apartments expected to be completed in 2024. 

Michigan agents sue NAR, claim membership requirement to access MLS violates federal law

The lawsuit criticizes NAR’s new rules in the wake of its legal settlement.

What you need to know when NAR’s new rules start Aug. 17

There are some nuances in NAR’s new rules that are important to know for buyer’s brokers, seller’s brokers or their clients.  

Average mortgage rate drops to lowest level in more than a year

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

Pending home sales regain upward momentum in June

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

Housing data still leans in favor of sellers, REALTORS® Confidence Index shows

Just 13% of respondents expect an increase in buyer traffic in the next three months.

Guaranteed Rate rebrands itself as Rate

Guaranteed Rate has rebranded itself simply as Rate and unveiled a new logo, the mortgage company announced Tuesday.

U.S. housing deficit grows to about 4.5 million homes

The U.S. housing shortage grew to about 4.5 million homes in 2022, an increase from 4.3 million the previous year, according to Zillow.

Guaranteed Rate raises more than $1 million for military nonprofits

The money raised will go to nonprofit organizations that support the U.S. military community.

Northwest MLS opts out of NAR’s commissions lawsuit settlement

“NAR’s proposed settlement agreement largely duplicates the rules and practices in place in NWMLS’ service area for several years,” NWMLS said.

Case-Shiller: Home-price index hits all-time high in March; Seattle sees 7.8% gain

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

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