National News

New-home sales dip in August but beat expectations 

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

NAR: Home sales dip in August  

The 2.5% decline followed a 1.3% increase in July, according to the National Association of REALTORS®. 

Fed cuts interest rates for first time in four years

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

RE/MAX: Atlanta ranked No. 5 in U.S. for home sales in August 

The city also ranked No. 5 in the U.S. for active inventory, according to the latest RE/MAX National Housing Report.    

What agents should know about expected Fed rate cuts

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

Rate’s Spanish-language digital platform eclipses 10,000 mortgage applications

Rate introduced its Spanish-language mortgage process in 2022.

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 and in Atlanta

The Atlanta region ranked No. 5 among major metro areas, with more than 18,500 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.

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.

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

NAR’s commissions lawsuit settlement includes some nuances important to know for buyer’s agents, seller’s agents and clients. 

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. 

New Subscribe

  • This field is for validation purposes and should be left unchanged.