Northwest MLS (NWMLS) on Thursday, defended its countersuit against Compass in the Western District of Washington, urging Judge Jamal N. Whitehead to allow the MLS’s fraud, Consumer Protection Act and tortious interference claims to proceed against the mega-brokerage in a high-profile battle over MLS policies that is likely to reverberate across the industry. Responding to…
Lamacchia Realty announced its expansion into Vermont, now licensed to provide residential real estate brokerage services in its seventh state and completing its presence across all six New England states. The expansion follows the company’s recent acquisition of Steepleview Realty in North Adams, Massachusetts, which already held a Vermont real estate license. Lamacchia Realty currently…
WASHINGTON D.C. — A potential new Standard of Practice for Realtors® sparked debate amongst the members of the National Association of Realtors®’ (NAR) Board of Directors (BOD) at the 2026 Realtors® Legislative Meetings, with proposed change to disclosure requirements eventually withdrawn. The controversy came after a relatively quiet gathering in the nation’s capital, at least…
Mortgage rates lowered this week following a ceasefire agreement with Iran, a trend economists say may be more promising in light of a signed agreement by President Trump. The average 30-year fixed mortgage rate decreased to 6.47% from 6.52% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday.…
Nonprofit research organization The Conference Board’s Leading Economic Index (LEI) for the U.S.—which provides an early indication of significant turning points in the business cycle and where the economy is heading—increased slightly by 0.1% in May to 99.3, following a 0.2% increase in April, with plenty of uncertainty still around the future. After these two…
Harvard’s Joint Center for Housing Studies (JCHS) released its State of the Nation’s Housing Report 2026 on June 17 and revealed a market where activity remains restrained, demand is weakening and high costs are sidelining many would-be buyers and renters, even as new construction slowly chips away at supply shortfalls. In a livestreamed event the…
In his first Federal Open Market Committee (FOMC) meeting as Fed Chair, Kevin Warsh held rates steady and announced the formation of five task forces to review the Fed’s operations. He also stripped forward guidance from the policy statement entirely. The FOMC voted to maintain the federal funds rate at 3.5% – 3.75%, citing solid…
The Mortgage Bankers Association is pointing to a combination of economic and geopolitical forces ultimately netting a decrease in mortgage application activity this week. The latest Market Composite Index from the MBA—its measure of mortgage loan activity volume and includes purchases and refinances—shows application activity decreasing 3.8% on a seasonally adjusted basis from a jump…
Summer arrives with a positive sign for the housing market, as the National Association of Realtors®’ (NAR) pending home sales report shows growth month-over-month and year-over-year in May 2026. Gains were felt across all four major regions of the United States. “A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up…
Three Virginia congressional representatives have sent letters to the Federal Trade Commission (FTC) encouraging further investigation into listing portal practices and their effects on housing affordability. Jennifer McClellan and Don Beyer (both Democrats) sent a letter to FTC Chairman Andrew Ferguson on May 29. On June 12, Ben Cline (a Republican) sent a second, substantively…
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