National News

US housing market sees rising inventory, slower price growth and more negotiation room

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

VA Home Loan Reform Act becomes law

The law helps delinquent VA borrowers and allows them to pay buyer-agent commissions when house shopping. 

NAR: Pending home sales decline in June despite inventory increase

Geographically, the only region to post a monthly increase in pending sales was the Northeast, where they rose 2.1%, according to NAR’s Pending Home Sales Index.

Case-Shiller: Chicago home-price growth rises in May as national market undergoes ‘slow unwind’

Nationally, the pace of home-price appreciation declined to its slowest pace in almost two years, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

Who’s moving to Chicago?

A new report from U-Haul identified Milwaukee, Indianapolis, Detroit, St. Louis and Dallas as the top cities of origin for new Chicagoans.  

New-home sales climb in June as median price dips

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

Matthew Gardner’s Q2 2025 market insights

Real estate economist Matthew Gardner joins Agent Publishing Co-Publisher Anne Hartnett to unpack the biggest housing trends from the second quarter, plus the potential impact of a new Fed chair and the future of Fannie Mae and Freddie Mac.

NAR: Existing-home sales price hits all time high in June

At the same time, the pace of existing-home sales declined from May’s level. 

RE/MAX: Chicago leads US for June home sales

Nationally, home sales rose 5.7% year over year and 1.3% month over month, RE/MAX said. 

Housing starts climb 4.6% in June despite softening single-family sector

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

MBA: Tariff worries starting to show up in mortgage app numbers

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said. 

What’s new on Zillow? 5 features that enhance the home search experience

Zillow has rolled out five new features this summer to make searching for homes easier and more efficient.

NAR’s new Market Statistics Dashboard provides local housing data to members

The National Association of REALTORS® debuted its Market Statistics Dashboard for members, which provides local housing data intended to help clients buy and sell homes.  

Fannie and Freddie now accept VantageScore 4.0 for mortgage underwriting

The FICO alternative is expected to greatly expand the number of eligible borrowers by allowing rent and utility payments to count toward a credit score. 

mortgage applications
MBA: Mortgage applications pop as rates fall to three-month low

Purchase applications hit their highest level since February 2023. 

NAR advocacy effort starts with Chicago REALTORS®

2025 REALTOR® Party Director Zeke Morris says the association’s lobbying efforts begin at the local level.

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