National News

Once again, baby boomers make up the largest share of homebuyers

“In a plot twist, baby boomers have overtaken millennials — the largest U.S. population — to become the top generation of homebuyers,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research.

Rocket to acquire Mr. Cooper for $9.4 billion 

The acquisition of the mortgage servicer comes on the heels of Rocket’s $1.75 billion deal for Redfin. 

Pending home sales post surprise gain in February but remain sluggish 

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

NAR keeps Clear Cooperation but adds delayed-marketing option 

The new policy allows sellers to put off marketing their properties for a period of time to be determined by their local MLSs. 

Phoenix home sales rise year over year in February 

Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

NAR: Existing-home sales rise in February; market ‘flashing encouraging signs’ 

The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

Housing starts post surprisingly big jump in February 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

NAR: Black homeownership still lags other racial groups despite highest annual increase

At the same time, Asian and Hispanic homeownership increased as well.

Real estate stocks hold firm during rough week on Wall Street

The week’s biggest real estate winner was Redfin, which saw its stock nearly double.

Rocket to acquire Redfin

The acquisition was described as an all-stock transaction.

CoreLogic: Home-price growth slows in January, with further deceleration possible in Arizona

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

Homeowners would rather lose money than sell to their ex

Furthermore, 13% of homeowners said they’d take their home off the market if they learned their ex was considering buying it.

Keller Williams names Christopher Czarnecki as president and CEO, announces investment partnership

Czarnecki fills the shoes of past president and CEO Mark Willis, who stepped down in January.

New-home sales post unexpectedly large decline in January 

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

Rate to offer mortgage balance coverage insurance for first responders

Rate announced an initiative that will offer first responders a one-year accidental death insurance policy that covers their mortgage balance up to $650,000 if they die in the line of duty.

Case-Shiller: Home prices hit all-time high for the 19th month in a row in December 

In Phoenix, home prices posted a 2.09% year-over-year gain in December, while they slid 0.06% month over month. 

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