03 July 2025

• Downward trend in mortgage rates not enough to spur homebuyers
  Requests to refinance are up 40 percent from a year ago, but uncertainty "continues to hold homebuyers out of the market," Mortage Bankers Association economist Joel Kan said Wednesday.
• With an eye on future lawsuits, Compass formally repudiates CCP in letter to NAR and MLSs
  CEO Robert Reffkin said the real estate brokerage doesn't consider 'any national NAR MLS rule impacting clients as binding,' but will continue to train agents to comply with local MLS rules
• Inventory has doubled in nearly half of the US’s largest markets
  Robust new construction activity and subdued homebuyer demand has led to an inventory boom in 22 of the 50 largest markets, with metros in the South and on the West Coast seeing active inventory double compared to 2019.