National News

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

Rate introduced its Spanish-language mortgage process in 2022.

CoreLogic: Miami tops U.S. for home-price gains in July 

Price growth on the national level continued to decelerate on a year-over-year basis.

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.

South Florida takes top spots in COMPASS 2024 Mid-Year Ultra-Luxury Report 

Miami-Dade and Palm Beach counties ranked No. 3 and No.4 in the analysis of homes sold for $10 million and up. 

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.

Housing inventory reaches post-pandemic high as market continues to balance

The combination of rising inventory and price reductions in Miami and nationwide is creating a more buyer-friendly market.

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. 

Housing Scorecard: Inventory jumps in Miami-Dade, Broward, Palm Beach counties

At the same time, existing-home sales slid in all three counties, and days on market were mixed.

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. 

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.

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