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Commission rates continue to hold steady at Anywhere
Nearly a year has passed since the NAR settlement went into effect, but Anywhere’s data shows little impact on commission rates.
Judge orders HUD to resume allocation of fair housing funds
Judge Sparkle Sooknanan issued a temporary order on Tuesday, mandating that the U.S. Department of Housing and Urban Development (HUD) allocate crucial federal fair housing funds nationwide.
Pending home sales down 0.8% in June, 2.8% below last year
Month-over-month and year-over-year declines were recorded in the Midwest, South and West. The Northeast saw a 2.1% gain from May.
Mortgage demand for new homes is down 6.9% in the past year
Mortgage applications for new-home purchases fell 6.9% year over year in February, according to data from the Mortgage Bankers Association (MBA)’s Builder Application Survey that was released Thursday.
Senate confirms Bill Pulte as FHFA director
Bill Pulte was confirmed Thursday as FHFA director by the U.S. Senate, garnering some Democratic support in the final vote.
Home equity buffer remains strong, but underwater homes rise 9%
CoreLogic reported 1.1 million homes (2% of all mortgaged properties) being underwater, a 9.3% increase quarter-over-quarter.
Growth in single-family rental prices slows down
CoreLogic’s Single Family Rent Index (SFRI) for November 2024 reported that Detroit had the highest single family rental price growth.
Home seller profits on 2024 sales top $100K in 62% of metros
ATTOM reported that margins fell back as the increase in home values failed to keep up with larger price spikes.
Hughes Fire puts thousands near LA under evacuation orders
Two more fires have broken out in Southern California, which is now entering its fourth consecutive day of red flag fire warnings.
