The average 30-year fixed mortgage rate climbed to 6.44%. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

At the same time, the median-sales price declined from August, according to the RE/MAX National Housing Report. 

John L. Scott has reached a settlement agreement in the ongoing buyer-agent commission lawsuit, Gibson/Umpa. It is one of two independent brokerages to settle in the case this week, the other being the Michigan-based Real Estate One.

Katie Johnson, who serves as NAR’s chief legal officer and chief member experience officer, is stepping down.

The Seattle area had the third-largest home-price spike in the country during August, according to RE/MAX’s latest National Housing Report. The market’s median price — $745,000 — is now the fourth-highest in the United States.

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

Rate introduced its Spanish-language mortgage process in 2022.

The subject of housing came up four times during Tuesday night’s presidential debate — all mentions were by Vice President Kamala Harris.

Guaranteed Rate Affinity has been named the 13th largest retail mortgage lender in the United States by Scotsman Guide.
The company was founded in 2017.

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.

RealPage calls DOJ filing “devoid of merit.”

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

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

Wright had served as interim CEO since November.