National News

Paradise Valley among richest ‘middle class’ towns

In Paradise Valley, $254,157 is the minimum income to be considered middle class, according to GOBankingRates. The maximum, meanwhile, is $762,470.

Fed cuts interest rates for first time in four years

Mortgage rates have been dropping in recent weeks in anticipation of the Fed’s move.

What agents should know about expected Fed rate cuts

The expectation of a rate cut this week, and the potential for more later in the year, has already moved mortgage rates lower.

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

Rate introduced its Spanish-language mortgage process in 2022.

What Trump and Harris said — and didn’t say — about housing during the debate

The subject of housing came up four times during Tuesday night’s presidential debate — all mentions were by Vice President Kamala Harris.

Guaranteed Rate Affinity ranks as 13th-largest lender in the Scotsman Guide

Guaranteed Rate Affinity has been named the 13th largest retail mortgage lender in the United States by Scotsman Guide.
The company was founded in 2017.

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.”

New-home sales jump in July

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

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.      

Which Phoenix suburb is best for single-family home renters?

A new study ranks communities in the Valley for population density, cost of living, average commute times and more. 

NAR elevates Nykia Wright from interim to permanent CEO

Wright had served as interim CEO since November.

Apartment construction surges nationwide and in Phoenix

The Phoenix Valley ranked No. 4 among major metro areas nationwide, with more than 20,000 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.

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. 

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