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Real closes $880 million RE/MAX deal, creating 180,000-agent group
The newly formed Real REMAX Group begins trading on Nasdaq today, bringing a cloud-based brokerage, a global franchise network and mortgage services under one public company.
US new-home inventory rises as July sales estimate retreats
Inventory rose to 488,000 homes while the estimated sales pace fell 10.5 percent in July, adding to the pressure on builders to compete through pricing and incentives.
Seven federal agencies withdraw guidance for special-purpose credit programs
Lenders have been told not to rely on a 2022 statement that supported targeted credit initiatives, extending a federal fair-lending policy reversal already being challenged in court.
US housing starts fall 12.4% while building permits rise 5%
July delivered three different signals from the new-housing market, with permits increasing as construction starts and completed supply moved sharply lower.
NAR commission settlement survives appeal, leaving new brokerage model intact
The Eighth Circuit has upheld the nationwide settlement behind written buyer agreements and the removal of compensation offers from NAR-affiliated multiple listing services.
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