National News

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.”

The most expensive home for sale in Arizona

Point2Homes analyzed listings in every U.S. state and Washington, D.C. to determine the most expensive home for sale in each.

Mortgage rates hit nearly 20-year high, cause home sales to tumble

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years

3D home tours, customization and other keys to reaching today’s new-construction buyers

One of the biggest hurdles facing residential builders is raising awareness of their projects among prospective buyers, according to Zillow’s recently released new-construction consumer housing trends report.

High housing costs dampen homebuyer demand

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

NAR President Kenny Parcell resigns amid reports of sexual harassment

Kenny Parcell has resigned as president of the National Association of REALTORS® following a recent bombshell report by the New York Times into allegations of sexual harassment within the organization.

How agents are working around the cyberattack that shut down MLS access in parts of 12 states

MLS freeze strikes agents in Florida, Massachusetts, Indiana, New York, California and elsewhere.

Housing starts rebound in July after June slump 

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Nearly half of homeowners now are considered ‘equity-rich’

Homes where the loan-to-value ratio is 50% or lower — equity-rich homes — are on the rise, which is good news for homeowners.

Monthly mortgage payments up nearly 20% from 2022

Meanwhile, July’s home sale prices had their highest increase since November.

NAR launches podcast highlighting Realtor safety

Set to debut on July 17, “Drive with NAR: The Safety Series” will be hosted by former real estate agent and expert, Tracey Hawkins.

Former employee sues NAR, alleges discrimination by President Kenny Parcell

The National Association of REALTORS® has been named in a new lawsuit by Janelle Brevard, the organization’s former chief storyteller. NAR President Kenny Parcell is named multiple times in the complaint.

Phoenix ranks among the top cities in the country

World’s Best Cities has announced their ranking of the best cities around the country, with Phoenix coming in at No. 23.

Why the current market is toughest on first-time buyers

Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.

The new American luxury home, according to the National Association of Home Builders

According to the NAHB, The New American Home® represents the latest in luxury real estate. It was unveiled at their recent tradeshow.

Guaranteed Rate launches new reverse mortgage training for loan officers

Guaranteed Rate is adding more support systems and training for loan officers to boost its reverse mortgage program.

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