National News

Housing starts rebound in September after August dip

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

The hottest home trends of 2024 — according to Zillow

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

Buyer agent commissions hang in the balance during federal case beginning this week

No matter what the jury decides, it could take years for the appeals process to work itself out, delaying any potential changes to agent commissions.

This Phoenix ZIP code boasts the most new rental construction

The Pheonix ZIP code of 85281 ranked among the top 10 in the country in terms of new apartment construction, according to RentCafe.

Buyers can now search by school on Zillow

Prospective buyers can access the search-by-school feature via the search bar on Zillow’s iOS mobile app.

Coldwell Banker Affiliates names Jason Waugh president

Waugh most recently served as president and CEO of Berkshire Hathaway HomeServices Northwest Real Estate and Berkshire Hathaway HomeServices Real Estate Professionals.

MBA: Mortgage apps rise on increase in ARM activity

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

Homebuyer pessimism hits all-time high

More than eight in 10 Americans think it’s a bad time to buy a home, according to a new survey from Fannie Mae.

Major real estate brands open option for agents to leave NAR

Agents from CENTURY 21, Coldwell Banker, ERA, Sotheby’s International Realty, Corcoran and Better Homes and Gardens Real Estate — and RE/MAX — will all have the option to leave NAR pending new settlements.

Opendoor and eXp Realty partner for ExpressOffer platform

eXp Realty partnered with real estate technology company Opendoor to integrate an application programming interface into its ExpressOffers platform.

Redfin to cut ties with NAR, citing recent sex harassment claims

Redfin said it will require many of its agents to leave NAR and the association has “forced an all-or-nothing choice on us,” and it would therefore “choose nothing.”

NAR: Pending-home sales fall 7.1% on high interest rates

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

Phoenix housing market decreases in value

Despite ranking among the most valuable housing markets in the nation, the overall value of Phoenix real estate fell on an annual basis.

NAR: Existing-home price rises again as sales continue to slide

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

Phoenix agents recognized in third annual LGBTQ+ Real Estate Top Producers list

The LGBTQ+ Real Estate Alliance announced the rankings for its third annual LGBTQ+ Real Estate Top Producers list.

CoreLogic: Home-price growth picks up speed in July

CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

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