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Existing Home Sales Down Despite Inventory Gains

Existing Home Sales Down Despite Inventory Gains

by Phil Hall | May 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down by 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April, according to new data from the National Association of Realtors (NAR). Compared to the previous year, sales were also down by 1.9% from 4.22 million in...
NAR Seeks Appeal of Decision Reopening Justice Dept. Probe

NAR Seeks Appeal of Decision Reopening Justice Dept. Probe

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is appealing a court ruling that enabled the U.S. Department of Justice (DOJ) to reopen a probe of the organization’s Participation Rule and Clear Cooperation Policy that was resolved in a 2020 settlement. In a filing...
More Than 90% of Metros Scored Q1 Home Price Gains

More Than 90% of Metros Scored Q1 Home Price Gains

by Phil Hall | May 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 90% of metro markets posted home price gains during the first quarter, according to the National Association of Realtors (NAR). Home price increased were recorded in 205 of the 221 markets (93%) tracked by NAR and 30% of the tracked metros experienced...
NAR Chief Economist Predicts Falling Rates, More Existing Home Sales

NAR Chief Economist Predicts Falling Rates, More Existing Home Sales

by Phil Hall | May 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

National Association of Realtors (NAR) Chief Economist Lawrence Yun is predicting interest rates will fall in the long term, while existing home sales will rise to 4.46 million this year (up 9% from 4.09 million in 2023) and to 5.05 million next year (up 13.2% from...
NAR’s Sitzer/Burnett Policy Changes Moved to August

NAR’s Sitzer/Burnett Policy Changes Moved to August

by Phil Hall | May 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) updated when the policy changes of its Sitzer/Burnett settlement agreement will go into effect. Originally slated for July, the policies will now go into effect on Aug. 17. These changes will prevent listing brokers from...
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