New U.S. Rules to Try to Combat Money Laundering

The new regulations require real estate pros and investment advisors to report cash sales of residential real estate sold to legal entities, trusts and shell companies.

Idalia Caused $372M in Flood Claims

A year after Hurricane Idalia made landfall in North Florida., FEMA says the National Flood Insurance Program handled 5,200 claims and paid out $372 million.

Pending Home Sales Dropped 5.5% in July

Citing affordability issues, NAR reported contract signings declined in all four U.S. regions month over month, while pending sales were down 8.5% year over year.

Average 30-Year Mortgage Rate Eases to 6.35%

It’s the second drop in 2 weeks, keeping the 30-year FRM at its lowest level in over a year, which is good news for would-be homebuyers facing high home prices.