Home prices hit record high in June

Plus: Keller Williams to acquire Jason Mitchell Group

July 14, 2026

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Today’s newsletter is 651 words—a 2.5-minute read.

1. Keller Williams to acquire Jason Mitchell Group

Keller Williams has agreed to acquire the Jason Mitchell Group (JMG), one of the nation's largest independent real estate brokerages and referral platforms. The Scottsdale, Arizona-based company operates in 37 states with more than 1,200 agents and generated nearly $5.9 billion in sales volume across more than 12,300 transactions in 2025.

The acquisition brings JMG's lead generation and referral platform to Keller Williams, along with partnerships spanning Rocket Mortgage, Mr. Cooper, Redfin, Zillow, New American Funding, and Veterans United.

Jason Mitchell will remain president of the JMG Division and join Keller Williams' executive team following the deal. The transaction is expected to close in Q3 2026, subject to customary closing conditions.

2. Zillow expands AI push with Google Gemini rental integration

Google has added Zillow Rentals to Gemini, making it the only real estate platform available through the AI assistant's connected apps. Renters can search for apartments, check real-time availability, and book property tours directly through Gemini before completing their reservation on Zillow.

Zillow powers the availability, scheduling, and booking experience. Once users link their Google and Zillow accounts, confirmed bookings automatically appear in their Zillow itinerary.

The integration builds on Zillow's AI strategy following its ChatGPT integration and the launch of AI Mode. Zillow said the partnership aims to make it easier for renters to move from home search to tour scheduling.

"Renters don’t all start their search the same way," said Michael Sherman, senior vice president of Zillow Rentals. "What matters is that Zillow is there when they are ready to take a real next step — that includes inside one of the largest AI assistants in the world. Getting a tour scheduled is the point when a search becomes real."

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3. Catch up quick

✍️ Trump didn’t sign it, but the 21st Century ROAD to Housing Act is now law. (NPR)

🏘️ Zillow takes Zillow Pro nationwide after 8-month rollout. (Zillow)

💸 14.5 million homes are vacant, but few are for sale. (LendingTree)

⚽ Arlington takes center stage tonight as France and Spain meet in the World Cup semifinal. (FIFA)

🏞️ On this day in 1879, Texas passed the Fifty Cent Act, selling public land for 50 cents an acre. (TSHA)

4. Home prices hit record high in June

The median home-sale price reached a record $408,776 in June, up 2.2% from a year earlier, according to Redfin.

Existing-home sales increased 0.1% from May to a seasonally adjusted annual rate of 4.4 million, the highest level since late 2022. Pending home sales rose 0.5% month over month and 4.5% year over year.

New listings fell 0.8% from May to 376,762, their lowest level since December. Among major metros, Dallas and Fort Worth recorded the nation's largest declines in new listings, down 6.5% and 6.2%, respectively.

Source: Redfin

5. NAR clarifies office exclusive listing rules

The National Association of Realtors (NAR) has issued new guidance outlining agent and broker responsibilities when sellers choose office exclusive or pre-marketing listings. The resource explains how these options work and the disclosures required before sellers waive the benefits of MLS exposure.

  • Office exclusive listings are filed with the MLS but are not publicly marketed or shared outside the listing brokerage. Pre-marketing options, such as Coming Soon listings, remain available to MLS participants where local rules allow. NAR said agents must explain each option, while brokers must obtain signed disclosures confirming the seller's decision.

The guidance also reinforces the Clear Cooperation Policy, requiring listings to be submitted to the MLS within one business day of public marketing. NAR added that local MLS rules and state laws may impose additional requirements.

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