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Pending Home Sales Up in February

Pending Home Sales Up in February

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales during February were up by 1.6% from January, according to the National Association of Realtors (NAR). On a year-over-year basis, pending sales were down by 7%. NAR’s Pending Home Sales Index (PHSI) increased to 75.6 in February; an index of 100 is...
ATTOM: Home Affordability Remained Elusive During Q1

ATTOM: Home Affordability Remained Elusive During Q1

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the first quarter of this year compared to historical averages in more than 95% of counties around the U.S., according to a new data report from ATTOM. The report found the major expenses on...
The Best City to Move to in 2024 Is…

The Best City to Move to in 2024 Is…

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Warren Buffett may be getting a large wave of new neighbors if readers of Forbes Advisor follow the publication’s advice that Omaha, Nebraska, is the best city to move to in 2024. Omaha scored a perfect 100 out of 100 based on the point system created by Forbes...
Wisconsin Records 21% Year-Over-Year Spike in New Home Listings

Wisconsin Records 21% Year-Over-Year Spike in New Home Listings

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wisconsin recorded a bumper crop of new home listings last month with a 20.9% year-over-year spike, according to data from the Wisconsin Realtors Association (WRA). Total listings increased 7.5% in the state year-over-year, which was credited for the 3.1% annual...
Sitzer/Burnett Plaintiff: ‘Realtors Are Controlled by a Huge Spider Web’

Sitzer/Burnett Plaintiff: ‘Realtors Are Controlled by a Huge Spider Web’

by Phil Hall | Mar 27, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The lead plaintiff in the Sitzer/Burnett case stated that landmark lawsuit was based on her real estate agent’s refusal to negotiate her commission – but rather than sue the agent, she was steered into suing the trade association representing real estate...
NAR Requests Changes to VA Home Loan Policies, Citing ‘Potential Disadvantage’ to Veterans

NAR Requests Changes to VA Home Loan Policies, Citing ‘Potential Disadvantage’ to Veterans

by Phil Hall | Mar 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In the wake of the $418 million settlement by the National Association of Realtors (NAR) that will result in changes to the real estate agent commission structure, a new problem arose regarding veterans seeking to buy a home using a VA home loan. Under the current...
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