National News

Real estate stocks hold firm during rough week on Wall Street

The week’s biggest real estate winner was Redfin, which saw its stock nearly double.

Is Compass acquiring HomeServices of America?

Compass is in “advanced talks” to acquire competitor HomeServices of America, per The Wall Street Journal. But the HomeServices of America CEO says it isn’t true.

Matthew Cenedella named CFO for NAR

Matthew Cenedella replaces John Pierpoint, who will retire at the end of the month after nearly 40 years with the association.

Rocket to acquire Redfin

The acquisition was described as an all-stock transaction.

CoreLogic: Home-price growth slows in January, with further deceleration possible 

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

The tariffs took effect. Now what?

After a month-long delay, the 25% tariffs on goods from Canada and Mexico have gone into effect. Additionally, President Donald Trump signed an executive order increasing tariffs on imports from China to 20%.

What looming tariffs could mean for homebuilding and the economy

Now that President Donald Trump’s tariffs are beginning to take shape, homebuilders are wary.

NAHB: Tariff worries help send builder confidence to five-month low 

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

NAR’s Lawrence Yun predicts home-sales growth of 9% or more in 2025

Yun expects mortgage rates to drop to 6% by the end of the year.

Who is new HUD secretary, Scott Turner?

Scott Turner, President Donald Trump’s pick to lead the Department of Housing and Urban Development (HUD), was confirmed to the role in a 55-44 vote.

CoreLogic: U.S. home prices rose 3.4% in November 

On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C. 

How much did it cost to build a new home in 2024?

What exactly goes into homebuilding costs, and how do those costs translate to profits for builders — and home prices for buyers?

NAR: Existing-home sales rise for third month in a row in December 

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

73% of owners have regrets about their home purchase, survey finds

Those regrets may explain why the survey also found that 59% of respondents said they plan to move in 2025.

Appeals court rules in favor of agents using floor plans to market homes

The Eighth Circuit Court of Appeals has ruled in favor of defendant brokerages and agents using floor plans when marketing properties.

0% of homes are affordable to locals in these 9 markets

In 28 cities, the typical local family can afford less than 1% of for-sale properties, according to a recent study by NetCredit.

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