National News

PulteGroup fires incoming COO weeks before his promotion 

The termination follows a lawsuit filed by the homebuilder’s founding family alleging the executive created a network of Twitter bots to harass the late founder. 

New-home construction slides in November as builders pull back 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

Tour Santa’s home, workshop on Zillow

“Santa gets a peek into millions of homes each year. Now, millions of Zillow surfers are getting a peek into one of the most famous homes in the world,” Amanda Pendleton, Zillow’s home trends expert.

MBA: Mortgage applications rise in latest weekly survey 

The 30-year fixed-rate inched to 6.42%, which is still close to the lowest rate in a month, the group said. 

Second Century Ventures accepting applicants for 2023 REACH programs

“Real estate technology continues to undergo a significant transformation, and the startups selected for the REACH program will play a critical role in helping to drive that change,” said Bob Goldberg, CEO of NAR and president of SCV.

December brings a record increase in housing supply

Homes are lingering on the market longer, up 15% from last year during the four weeks ended Dec. 4, marking the largest uptick in home supply since 2015.

Coldwell Banker CEO replaced amid parent-co shakeup 

Sue Yannaccone, CEO of Anywhere Brands, will lead the brokerage as M. Ryan Gorman moves to a strategic-advisor role. 

Declining mortgage rates boost homebuyer demand

Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.

Denver-area home sales to drop in 2023 while prices grow, Realtor.com projects

The projected year-over-year change in home sale transactions in the Denver-Aurora-Lakewood region is -1.9%.

NAR: Pending-home sales slide for fifth consecutive month in October 

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

S&P CoreLogic Case-Shiller: Denver housing prices continue to lose ground

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

New-home sales post surprise gain in October as median price hits new high 

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

FHA allows borrowers to obtain private flood insurance

In the wake of this new rule, FHA borrowers will have a choice between federal flood insurance and private flood insurance.

Taylor Morrison launches Yardly build-to-rent brand 

The brand will specialize in cottage-style homes with private backyards. 

NAR: Existing-home sales fall again in October as prices continue to rise 

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

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