National News

CoreLogic: Home-price gains slowed again in July 

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

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.”

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.

Daniel Manginelli to lead in-house coaching for Rate

Rate, formerly known as Guaranteed Rate, has appointed Daniel Manginelli to lead its nationwide sales coaching program: Success Coaching Solutions.

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. 

Rounds of rate cuts may come sooner than you think, Lawrence Yun predicts

NAR Chief Economist Lawrence Yun expects a pre-election interest rate cut this fall — the first of six to eight rounds.

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.

VA to temporarily lift ban on buyer agent commissions

VA Deputy Director of Policy Michelle Corrdion announced that the department would temporarily lift its ban.

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