| CURATED for Agents | Iron Valley Signs Open Real Estate’s Letter of Support, New Home Sales Slip to 676,000 & Case-Shiller Prices Rise 2.1% |
TUESDAY · OCTOBER 27, 2026 Your shortcut through today’s real estate news. Three stories, distilled into what happened, why it matters, and the Takes agents are talking about. |
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| 👋 Agents. Iron Valley Real Estate signed Open Real Estate’s letter of support, and a founder says Compass was invited to be a founding member.
New home sales slipped 0.6 percent in September to a 676,000 pace. And Case-Shiller national home prices were up 2.1 percent from a year earlier in August. Let’s get into all of it.
Enjoy, — CURATED. |
| 1st TakeIron Valley Signs Open Real Estate’s Letter of Support as a Founder Says Compass Was Invited to Be a Founding MemberThe Quick TakeHousingWire reports that Iron Valley Real Estate announced Monday it had signed Open Real Estate’s letter of support. Tamir Poleg, the CEO of Real REMAX Group, said Compass International Holdings was invited to be a founding member. The leaders told HousingWire that Compass is still weighing its options. Compass did not comment on the invitation. A spokesperson congratulated the founders and said Compass is excited there will be a national real estate listing service. Read more →The Real StoryCompass has sued California Regional MLS over fines on its agents who publicly marketed office exclusive listings. A Zillow spokesperson said it supports efforts that keep every home for sale visible to every buyer. Council of MLSs CEO Jessica Edgerton welcomed the chance to collaborate. | 📊 The Takes
Compass’s surprise praise draws the most side-eye, while other agents nudge their brokers to sign and a smaller share waits for MLSs to come aboard.
🧐 Watches Compass Closely — ‘Compass praising this while suing an MLS is quite a twist. I will believe it when Compass actually signs.’
✍️ Wants My Broker In — ‘The founders are not charging brokerages to join. I want my broker to tell me whether we are signing.’
🗂️ Watches My MLS — ‘The founders want MLSs involved. Until mine is part of it, my listing process stays the same.’ |
| 2nd TakeNew Home Sales Slipped 0.6% in September to a 676,000 Pace as the Median Price Rose to $400,400The Quick TakeSales of new single-family houses ran at a seasonally adjusted annual rate of 676,000 in September, the Census Bureau and the Department of Housing and Urban Development reported on October 27. That is 0.6 percent below the August rate of 680,000 and 5.3 percent below September 2025. The median sales price rose 3.9 percent from August to 400,400 dollars. It was still 3.9 percent below a year earlier. Read more →Why You’ll Feel ItThe 476,000 new houses for sale equal 8.4 months of supply at the current sales rate. The margin of error on the monthly sales change is plus or minus 13.8 percent. The average sales price was 472,800 dollars, 6.7 percent below a year earlier. | 📊 The Takes
The biggest share of agents sees leverage in a deep pile of unsold new homes, some shrug at a small dip inside a wide margin, and others flag the higher median price.
🏗️ Pitches New Construction — ‘Builders are sitting on 8.4 months of supply. My buyers should see what a new home offers before choosing a resale.’
📊 Reads the Margin — ‘A 0.6 percent dip inside a 13.8 percent margin of error is not a trend. I will wait for more months.’
💵 Watches the Median — ‘The median new home rose to 400,400 dollars from August. That is a hard number for my first-time buyers.’ |
| 3rd TakeCase-Shiller Home Price Growth Picked Up to 2.1% in August as Chicago Led for a Sixth Consecutive MonthThe Quick TakeThe S&P Cotality Case-Shiller Home Price Index showed the U.S. National Index rising 2.1 percent year over year in August, up from 1.9 percent in July, Realtor.com Economic Research reports. The 20-City Composite rose 2.7 percent. Chicago led all metros for a sixth consecutive month with a 6.7 percent annual gain. Seattle posted the weakest reading for a third straight month, down 2.0 percent. Read more →The Bigger PictureHome values still fell in real terms for a 15th consecutive month, as 3.4 percent inflation ran ahead of the gain. The data reflects sales closing from June through August, when rates edged from 6.49 percent to 6.67 percent. The 30-year rate climbed to 7.40 percent in mid-October before easing to 7.32 percent. | 📊 The Takes
A 2.1 percent gain cheers agents with sellers, many say local gaps matter more than the national figure, and a few dismiss August closings as old news.
📈 Shows Sellers Gains — ‘Annual growth picked up to 2.1 percent from 1.9 percent. I show my sellers that number first.’
🗺️ Prices It Locally — ‘Chicago is up 6.7 percent and Seattle is down 2.0 percent. The national number tells my buyers very little.’
⏱️ Calls It Old Data — ‘These sales closed before rates hit 7.40 percent. The next few reports will matter more to me.’ |
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