National News

NAR’s IOI Summit welcomes real estate’s top tech leaders to Chicago

The two-day conference included more than 20 presentations on how tech is changing real estate.

Rate’s Spanish-language digital platform eclipses 10,000 mortgage applications

Rate introduced its Spanish-language mortgage process in 2022.

CoreLogic: Home-price gains slowed again in July

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

Listed at $50 million, sold at $15.25 million

Jennifer Ames of Engel & Völkers represented the buyer in one of Chicago’s most high-profile recent real estate transactions. She shares her insights with Chicago Agent.

New study ranks Chicago as the No. 2 relocation destination in the U.S.

Chicago compared favorably to other cities due to its lower cost of living while offering high-level education, jobs and public transportation. 

Realtor survey points to expected increase in buyer traffic

The latest National Association of REALTORS® Confidence Index Survey found that 16% of respondents expect a year-over-year increase in buyer traffic in the next three months, compared to 13% a month earlier.

DOJ accuses RealPage of rent price-fixing scheme

RealPage calls DOJ filing “devoid of merit.”

Existing-home sales end 4 months of declines in July

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

NAR elevates Nykia Wright from interim to permanent CEO

Wright had served as interim CEO since November.

Apartment construction surges nationwide

The influx represents a 9% increase compared to last year and a 30% jump from 2022.

Michigan agents sue NAR, claim membership requirement to access MLS violates federal law

The lawsuit criticizes NAR’s new rules in the wake of its legal settlement.

What you need to know when NAR’s new rules start Aug. 17

There are nuances in NAR’s rule changes that are important to know for buyer’s agents, seller’s agents or clients.

Average mortgage rate drops to lowest level in more than a year

The average 30-year fixed mortgage rate dropped more than a quarter point since last week.

Pending home sales regain upward momentum in June

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

Daniel Manginelli to lead in-house coaching for Rate

Rate, formerly known as Guaranteed Rate, has appointed Daniel Manginelli to lead its nationwide sales coaching program: Success Coaching Solutions.

Rounds of rate cuts may come sooner than you think, Lawrence Yun predicts

NAR Chief Economist Lawrence Yun expects a pre-election interest rate cut this fall — the first of six to eight rounds.

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