Jump in pending home sales foreshadows positive end to the market in 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% com

‘The DOJ is coming for NAR’: What’s next after the $418M settlement?

NAR’s $418 million antitrust settlement has been approved, but real estate industry experts believe the legal wrangling is far from over. (Image generated by AI in Midjourney)As the saying goes, when one door closes, another opens. For the U.S. Department of Justice (DOJ), that door very well may be

Mortgage demand jumps 6.3% as rates level off

Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sig