Read Today’s Top Story: Miami-Dade home sales increase again

National News

Apartment construction surges nationwide and in South Florida

South Florida ranked No. 9 among major metro areas, with more than 14,100 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. 

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.

Miami surges in renter survey

The city jumped 15 spots in RentCafe’s annual ranking of U.S. cities. 

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 Miami, the 2022 shortage was nearly 67,000 homes, an 11.5% 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.

David Weekley CEO to retire Oct. 1

John Johnson will be replaced by the former president and CEO of telecom-infrastructure provider Crown Castle Inc. 

Case-Shiller: Home-price index hits all-time high in March; Miami sees 8.2% 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.

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.

New-home sales decline in April

At the same time, the median price of a new home sold in April declined as well. 

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.

Housing starts rebound in April after March slump

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

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