U.S. Home Sales Remain Sluggish in May

Northeast, Midwest Lead Modest National Sales Gains Says NAR U.S. existing-home sales ticked up in May, boosted by gains in the Northeast, Midwest, and South, though the Western housing market continued to lag, according to new data from the National Association of Realtors (NAR). The pace of sales rose 0.8% from April 2025 to a seasonally adjusted annual rate of 4.03 million units, but activity remains...

The mortgage market hopes for rate cuts amid war moves

Global tensions between the United States and Iran have led many in the mortgage industry to wonder whether the bombing of Iran nuclear sites would move bond yields and lead to a drop in mortgage rates. On Monday, just as economists were factoring in the possibility of war with Iran, at least one member of the Federal Reserve signaled the chance of a July rate cut. Both events could have a domino effect...

House passes abusive trigger leads ban

The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups. The House’s action follows the U.S. Senate’s approval of a similar bill (S. 1467) on June 13. Both bills prohibit companies from making credit offers...

The juiciest details in Compass’s lawsuit against Zillow

Given the animosity between Compass and Zillow over the portal giant’s listing standards policy, it came as little surprise when the Robert Reffkin-helmed firm filed a lawsuit against Zillow Monday morning.  While the complaint contains many of the anticipated claims, including that Zillow enacted the policy, which bans listings that are publicly marketed for more than 24 hours before being input...

Anywhere welcomes Barri Rafferty as chief communications officer

Anywhere Real Estate has appointed Barri Rafferty as its new chief communications officer and head of public affairs.  In this role Rafferty will lead Anywhere’s public relations, communications, government relations, and events and productions functions. “I’m honored to take on a new challenge at Anywhere as it pursues its mission to provide a superior, end-to-end transaction experience for...

Inventory is rising, but existing home sales remain in a major slump

The May existing-home sales report from the National Association of Realtors (NAR) shows sales at just 4.03 million, a 0.7% decrease year over year and up 0.8% compared to April. It was the slowest May for existing home sales since 2009 and the fourth consecutive month with a year-over-year decline in sales. Unsold inventory also continues to rise substantially, with 1.54 million listings representing...

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