National News

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%.

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.

MoxiWorks acquires lead nurturing platform ActivePipe

Real estate technology platform MoxiWorks recently announced the acquisition of ActivePipe, a lead nurturing platform for real estate professionals.

Black mortgage applicants 84% more likely to be denied than white applicants, analysis finds

Black applicants were 84% more likely to be denied a mortgage than white applicants, the data showed, an increase from the 74% disparity in 2019.

Unique ‘MetaReal’ deal will include luxury mansion’s identical counterpart in the virtual world

Construction of a Miami mansion will coincide with the creation of its identical counterpart in the virtual world to form a first-of-its-kind “MetaReal” mansion, according to a press release.

Omicron worries push mortgage rates down

Fears of an economic fallout are causing long-term U.S. mortgage rates to fall as the newest COVID-19 strain reignites worry among Americans. 

Eviction crisis unfolds as courts process backlog of filed cases

Eviction filings are rising as millions of Americans are being forced from their homes months after lawmakers allowed the federally imposed eviction moratorium to expire. 

Redfin reports 10 housing records set in 2021

The pandemic and work-from-home orders have changed where, when and why people buy homes. As a result, housing prices hit the highest median of all time in 2021, as the number of homes for sale fell to an all-time low and the demand for second homes surged, according to a new Redfin report. 

NAR applauds President Biden’s nomination of FHFA director

The National Association of REALTORS®  applauded President Joe Biden’s nomination of acting Federal Housing Finance Agency director Sandra Thompson to serve in a permanent capacity.. “Her talents and experience will benefit the enterprises, homeowners and home buyers and the mortgage-financing ecosystem,” NAR President Leslie Rouda Smith said in a press release.

Tour Santa’s home and workshop in new Zillow listing

The listing also shows Santa’s North Pole estate’s value has skyrocketed this year.

NAR donated nearly 3,500 meals to Americans in last six months

As part of an ongoing relationship with the Food Recovery Network (FRN), the National Association of Realtors provided roughly 3,475 meals to Americans in the past six months, according to a press release. 

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