National News

New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

Zillow pauses its iBuyer service for the rest of 2021

Zillow announced it will not sign any new contracts to buy homes until the end of the year due to a “backlog in renovations and operational capacity constraints.”

MLS consortium scoops up digital MLS Remine

The acquiring group includes First Multiple Listing Service in Atlanta, MIAMI REALTORS®, ACTRIS MLS in Austin, Texas, and Heartland MLS in Kansas City.

Atlanta Realtor named president of AREAA

At 37 years old, the new president will be the second-youngest leader of the national nonprofit trade organization, which works to improve the homeownership rate in the Asian-American Pacific Islander community.

Latino real estate investments are increasing at high rate

The median household wealth for U.S. Latinos is set to triple by 2024 — largely due to recent real estate gains. This information comes from data released by NAHREP®.

Coldwell Banker receives 2021 St. Jude New Partner Campaign of the Year Award

Coldwell Banker’s new group originally aimed to raise $250,000, which it did within the first six months of the year, and by October, it had more than doubled its initial goal.

DepositLink unveils platform to eliminate paper-check payments to broker and title companies

The new program, DepositLink Pay, allows a broker, agent or title company to direct buyers and renters to a customized URL or a “Pay” button online to make digital earnest-money deposits and rental payments with no cost to brokers, agents or companies. 

MooveGuru opens proptech franchise YourHomeHub

The user of the app can monitor information about their home and local market conditions, store important documents, generate estimates for home repairs and find a local contractor for more than 1,000 different home-service categories. 

Mortgage rates spike at the end of September

Mortgage rates rose quickly last week. The 30-year fixed mortgage rate hit 3.01%, up 0.13% from the week prior.

Housing inventory supply shortage beginning to ease

Expect a stable housing market over the next five years — despite the expiration of COVID-era protections — says a new Zillow report.

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