National News

NAR sues DOJ after the department withdraws from antitrust settlement
NAR sues DOJ after the department withdraws from antitrust settlement

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.

Mortgage rates remain flat at 2.88%
Mortgage rates remain flat at 2.88%

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

Pending home sales up 6% from 2020 despite dwindling listings
Pending home sales up 6% from 2020 despite dwindling listings

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

Boston Housing Scorecard: Housing starts and existing-home sales rose in August
Boston Housing Scorecard: Housing starts and existing-home sales rose in August

Housing inventory fell in Boston during August, while housing starts and existing-home sales rose.

Why the future of exurbs remains uncertain
Why the future of exurbs remains uncertain

Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.

Median home sale prices increase 16% from 2020
Median home sale prices increase 16% from 2020

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

Toll Brothers, Equity Residential team up for $1.9B multifamily JV
Toll Brothers, Equity Residential team up for $1.9B multifamily JV

The strategic partnership will initially target developments in six metro areas where both companies have a “significant or growing presence”: Atlanta; Austin, Texas; Boston; Denver, Orange County/San Diego, Calif.; and Seattle.

What do buyers want to see in your real estate listing marketing?
What do buyers want to see in your real estate listing marketing?

You might be surprised by the results of this survey.

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

NAR condemns racial profiling of Michigan agent
NAR condemns racial profiling of Michigan agent

After a Black real estate agent and his client were detained by police while viewing a house, the National Association of REALTORS® took a strong stance against the “deeply disturbing” incident of “racial profiling.”

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