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Existing Homes Sales Up for First Time in 5 Months

Existing Homes Sales Up for First Time in 5 Months

by Phil Hall | Dec 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales inched up in November, breaking a five-month streak of consecutive declines, according to the National Association of Realtors (NAR). Total existing home sales rose by 0.8% from October to a seasonally adjusted annual rate of 3.82 million in...
Existing Home Sales Down in October

Existing Home Sales Down in October

by Phil Hall | Nov 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The volume of existing home sales declined by 4.1% from September to a seasonally adjusted annual rate of 3.79 million in October, according to new data from the National Association of Realtors (NAR). Year-over-year, sales plummeted by 14.6% from 4.44 million in...
NAR’s Yun: 15% Spike in Home Sales Coming Next Year

NAR’s Yun: 15% Spike in Home Sales Coming Next Year

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home sales will likely decline by 18% this year, compounding a 17% reduction from last year – but next year should see a 15% increase in sales activity, according to a forecast from National Association of Realtors (NAR) Chief Economist Lawrence Yun. Speaking at...
NAR: The Average Homebuyer Has a Six-Digit Household Income

NAR: The Average Homebuyer Has a Six-Digit Household Income

by Phil Hall | Nov 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s average homebuyer has a six-digit household income, according to new data released by the National Association of Realtors (NAR). In a survey of roughly 6,800 buyers involved in real estate transactions between July 2022 and June 2023, NAR determined the...
NAR Slapped with New Antitrust Lawsuit

NAR Slapped with New Antitrust Lawsuit

by Phil Hall | Nov 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) is facing a new federal class-action lawsuit that accuses the trade group of violating antitrust laws. The lawsuit was filed earlier this week in South Carolina and accuses NAR and a listing broker affiliated with Keller...
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