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Pending Home Sales Up in March

Pending Home Sales Up in March

by Phil Hall | Apr 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement

NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement

by Phil Hall | Apr 23, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The judge who oversaw the Sitzer/Burnett lawsuit has granted preliminary approval to the National Association of Realtors’ (NAR) $418 million settlement. As part of the settlement, NAR will allocate the $418 million into a fund over a four-year period. NAR also agreed...
Existing Home Sales Drop in March

Existing Home Sales Drop in March

by Phil Hall | Apr 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales tanked in March, according to data from the National Association of Realtors (NAR). Last month, total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – declined by 4.3% from February...
Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

by Phil Hall | Apr 5, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) received a new legal headache as the U.S. Circuit Court of Appeals in Washington, D.C., ruled the U.S. Department of Justice (DOJ) can reopen its investigation into the trade group’s Participation Rule and Clear...
NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market

NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market

by Phil Hall | Apr 3, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Millennials and baby boomers are the dominant forces in the U.S. housing market, according to the National Association of Realtors’ (NAR) newly published “2024 Home Buyers and Sellers Generational Trends Report.” Millennial buyers accounted for 38% of buyers, the...
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