National News

Fannie and Freddie now accept VantageScore 4.0 for mortgage underwriting 

The FICO alternative is expected to greatly expand the number of eligible borrowers by allowing rent and utility payments to count toward a credit score. 

mortgage applications
MBA: Mortgage applications pop as rates fall to three-month low 

Purchase applications hit their highest level since February 2023. 

NAR claims real estate wins as House passes One Big Beautiful Bill Act

The National Association of REALTORS® has claimed that the passage of the One Big Beautiful Bill Act in the House delivers significant victories for homeowners and real estate professionals.

NAR: One in five homebuyers considered their pet when choosing neighborhood

Pets aren’t just companions — they’re family. And according to a recent National Association of REALTORS® report, one in five homebuyers actively considered their pet’s needs when choosing a neighborhood.

US commissions jump to 5.44% amid cooling housing market

According to a report from Clever Real Estate, the average total commission for U.S. real estate agents is now 5.44%, a rise from 5.32% over the past year, despite the recent broker commission reforms from the National Association of REALTORS®.

NAR hails Senate passage of One Big Beautiful Bill Act 

The association said the legislation contains five of its key priorities, including a permanent extension for the mortgage-interest deduction and a temporary quadrupling of the SALT-deduction cap. 

US Conference of Mayors backs Realtor.com’s Let America Build initiative 

The organization issued a statement in support of the pro-development campaign at its annual meeting in Tampa. 

Pending-home sales rise in May as market continues ‘slow thaw’ 

May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said. 

FHFA directs Fannie Mae, Freddie Mac to accept cryptocurrency in mortgages

Federal Housing Finance Agency (FHFA) Director William J. Pulte posted to X issuing an order that directs Fannie Mae and Freddie Mac to consider cryptocurrency as an “asset for single-family loans.”  

Case-Shiller: Dallas home-price growth slows in April, tracking ‘healthier, more sustainable’ national trend 

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

NAR: Existing-home sales gain ground in May 

The median-sales price for an existing home rose 1.3% year over year to $422,800. 

New-home construction drops in May 

Homebuilder sentiment recently reached its third-lowest level since 2012. 

US housing market exceeds one million active listings for first time since 2019

The U.S. housing market has exceeded one million active listings for the first time since the winter of 2019, according to Realtor.com’s May Monthly Housing Trends Report.

mortgage applications
Mortgage applications surge 12.5% on ‘looser housing inventory’ 

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

MLS subscriber-Realtor gap hits record level 

T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record. 

NAR repeals ‘no-commingling’ rule from MLS Policy Handbook

The National Association of REALTORS® Board of Directors repealed the non-commingling rule, often referred to as “no commingling,” which allowed MLSs to require non-MLS listings to be displayed separately from their own, during last week’s legislative meetings in Washington, D.C. 

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