Building a luxury real estate brand starts with a luxurious website, says Malte Kramer, founder and CEO of Luxury Presence.

At the same time, days on market rose, and existing-home sales declined.

Midwest Real Estate Data said the updated National Association of REALTORS® Clear Cooperation Policy mirrors the MLS’s Private Listing Network, which was implemented in 2016.

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

At the same time, “historically low” inventory managed to post gains, Illinois REALTORS® said. 

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

The average 30-year mortgage saw its contract interest rate jump to 6.90% from 6.81% the week before, the Mortgage Bankers Association said. 

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

In a statement, Redfin CEO Glenn Kelman also asked MLSs to create a “coming-soon” designation that precludes search sites from showing listing history. 

By choosing to list their homes privately, homesellers in 2023 and 2024 forwent a collective $1 billion, according to new research from Zillow.

Oralia Herrera, broker/owner of CENTURY 21 TK Realty Inc. in Addison, has been installed as NAHREP president.

The acquisition of the mortgage servicer comes on the heels of Rocket’s $1.75 billion deal for Redfin. 

NAR recently announced major staffing changes. These include the elimination of 41 current positions and 20 open roles as well as multiple additions to the senior leadership team.

The National Association of REALTORS’® Pending Home Sales Index rose 2% month over month in February, topping an expected 0.9% gain. 

Hispanic homeownership reached a record high of 9.8 million in 2024, marking the largest annual increase among any racial or ethnic group for the second year in a row, according to new data from NAHREP.

The new policy allows sellers to put off marketing their properties for a period of time to be determined by their local MLSs.