Trending News: July 26, 2023

Bright MLS breaks with NAR policy on commissions, mortgage demand for new homes jumps 26.1%, and existing-home sales hit 14-year low as prices soar.

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Show Notes

Bright MLS breaks with NAR policy on commissions: Starting Aug. 9, the nation’s 2nd-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright. Read more

Existing-home sales hit 14-year low as prices soar: Existing-home sales fell to a seasonally adjusted rate of 4.16M as the median sales price climbed to $410K, or just 0.9% below the highest median recorded by the National Association of Realtors. Read more

Mortgage demand for newly built homes jumped 26.1% in June: MBA estimates that about 687,000 new single-family homes were sold in June at a seasonally adjusted annual rate. Read more

Music by: Gloria Tells from Epidemic Sound


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