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

Home sales were down an average of 13.3% in the 52 largest U.S. metros, according to the RE/MAX National Housing Report. 

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

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.

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.

South Florida ranked No. 9 among major metro areas, with more than 14,100 apartments expected to be completed in 2024. 

The lawsuit criticizes NAR’s new rules in the wake of its legal settlement.

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

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