National News

US commissions jump to 5.44% amid cooling housing market

According to a report from Clever Real Estate, the average total commission for U.S. real estate agents is now 5.44%, a rise from 5.32% over the past year, despite the recent broker commission reforms from the National Association of REALTORS®.

NAR: One in five homebuyers considered their pet when choosing neighborhood

Pets aren’t just companions — they’re family. And according to a recent National Association of REALTORS® report, one in five homebuyers actively considered their pet’s needs when choosing a neighborhood.

NAR hails Senate passage of One Big Beautiful Bill Act

The association said the legislation contains five of its key priorities, including a permanent extension for the mortgage-interest deduction and a temporary quadrupling of the SALT-deduction cap. 

US Conference of Mayors backs Realtor.com’s Let America Build initiative

The organization issued a statement in support of the pro-development campaign at its annual meeting in Tampa. 

Pending-home sales rise in May as market continues ‘slow thaw’

May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said. 

Baird & Warner acquires Dream Town

Baird & Warner has acquired Dream Town, which will now represent a combined entity of almost 3,000 agents, loan officers and staff.

FHFA directs Fannie Mae, Freddie Mac to accept cryptocurrency in mortgages

Federal Housing Finance Agency (FHFA) Director William J. Pulte posted to X issuing an order that directs Fannie Mae and Freddie Mac to consider cryptocurrency as an “asset for single-family loans.”  

Case-Shiller: Chicago home-price growth slows in April, tracking ‘healthier, more sustainable’ national trend

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

NAR: Existing-home sales gain ground in May

The median-sales price for an existing home rose 1.3% year over year to $422,800. 

Compass files federal antitrust lawsuit against Zillow

The lawsuit also claims that with Zillow, sellers don’t have control over how their properties are marketed, a sentiment that’s been a core tenet of anti-clear cooperation rhetoric over the past year.

New-home construction drops in May

Homebuilder sentiment recently reached its third-lowest level since 2012. 

NAHREP names Illinois’ top Latino real estate agents by transactions

The agents were ranked in the association’s annual Top 250 Latino Agents Report. 

US housing market exceeds one million active listings for first time since 2019

The U.S. housing market has exceeded one million active listings for the first time since the winter of 2019, according to Realtor.com’s May Monthly Housing Trends Report.

NAHREP condemns ICE raids, urges protestors to remain peaceful

“NAHREP supports the human rights of all people living in the United States,” the association wrote. “These rights are preserved by the U.S. Constitution and include the right to due process.”

mortgage applications
Mortgage applications surge 12.5% on ‘looser housing inventory’

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

MLS subscriber-Realtor gap hits record level

T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record. 

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