National News

Cambridge ranked the No. 1 family-friendly city in the U.S.

Opendoor identified the best cities for families by analyzing and averaging the number of OpenStreetMap “family friendly” tags within 3 miles of all addresses in a city where an Opendoor Brokerage operates. 

Share of ARM applications hits highest percentage in 15 years

More borrowers are turning to adjustable-rate mortgages to save money as interest rates climb.

Compass cuts signing bonuses following Q2 market downturn

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Mortgage rates fall below 5% — for the first time since April

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

The worst neighbor annoyances — ranked

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

BidMyListing platform met with questions as it expands nationally

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Federal Reserve raises interest rates by .75% — again

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

Douglas Elliman launches Elliman Showroom, a platform to help clients during the moving process

Elliman Showroom is a personal assistant platform that aims to streamline the move-in process for homebuyers.

14.9% of home-purchase agreements nationwide fell through in June 

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

New Zillow tool helps military vets find VA loan-eligible condos

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

Half of Americans are brought to tears while buying a home

A new Zillow survey revealed that 50% of Americans cry while buying a home, with Gen Z and millennial buyers far more likely to shed tears at least once during their home-buying journey.

Federal judge dismisses counterclaim against REX in ongoing legal dispute with NAR and Zillow

A federal judge dismissed the countersuit brought by the National Association of REALTORS® against Real Estate Exchange Inc.

Property taxes across the U.S. rose to $328 billion in 2021

Property taxes across the U.S rose last year, but the hike was much lower than in 2020, according to a new report.  ATTOM found in its 2021 property tax analysis of almost 87 million single-family homes, $328 billion in

Betty White’s Carmel home is for sale — look inside

For more than 40 years, Betty White lived overlooking the ocean in a custom beach house in Carmel-by-the-Sea, California.For more than 40 years, Betty White lived overlooking the ocean in a custom beach house in Carmel-by-the-Sea, California.

Fed votes to increase interest rates, projects more hikes in 2022

The Federal Reserve announced today that it would increase the federal funds rate by 0.25%, its first increase in more than three years, with more hikes projected for the remainder of the year.

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