National News

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.

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.

Guaranteed Rate rebrands itself as Rate

The new name conveys a “concise, modern identity,” the company said.

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

In Atlanta, the 2022 shortage was more than 65,000 homes, a 3.3% increase from 2021.

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.

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.

Donald R. Horton, founder of nation’s largest homebuilder, dies at 74

Horton served as chairman of D.R. Horton Inc. since it was formed in July 1991.

Mortgage rates dip below 7%, bring relief to homebuyers

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

Anywhere Real Estate, Keller Williams and RE/MAX commissions settlements receive final court approval

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

NAR Chief Economist Lawrence Yun optimistic about real estate industry this year and beyond

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

Changes to MLS from NAR settlement to take effect Aug. 17

NAR previously said the changes were expected to start in mid-July.

Warren Buffett’s HomeServices of America settles compensation lawsuit for $250 million

HomeServices of America is the last defendant to settle in the case.

@properties and Christie’s International Real Estate opt to settle broker-commission lawsuits

At World Properties LLC, the Chicago-based company that owns @properties and Christie’s International Real Estate, has agreed to settle all claims brought by sellers relating to broker commissions.

After four months of growth, builder confidence remains flat in April

The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.

Hailed as a win for NAR, Supreme Court rules against large development fees

NAR and other housing groups backed the lawsuit and submitted statements to the justices.

DOJ can resume its antitrust investigation into NAR, appeals panel rules

An appeals panel ruled the DOJ could resume its antitrust investigation into NAR. 

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