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Federal Court Gives Final Approval for NAR’s Settlement of the Sitzer/Burnett Case

Federal Court Gives Final Approval for NAR’s Settlement of the Sitzer/Burnett Case

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The $418 million settlement by the National Association of Realtors (NAR) of the Sitzer/Burnett case received its final approval in federal court. The New York Times reported Judge Stephen R. Bough of the Western District of Missouri gave his final sign-off on the...
NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending

NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending

by Phil Hall | Nov 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The New York Times (NYSE: NYT) has published another investigative report into the National Association of Realtors (NAR), this time examining the financial benefits enjoyed by its executive leadership. Under the headline “Chauffeured Cars and Broadway Tickets: Inside...
Study: Real Estate Commissions Hold Steady in 2 Months Since NAR Settlement

Study: Real Estate Commissions Hold Steady in 2 Months Since NAR Settlement

by Phil Hall | Nov 12, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A new data study has determined the commission rates that real estate agents charge to buyers and sellers has held steady since the National Association of Realtors (NAR) settlement went into effect in August. According to data from AccountTECH, the average commission...
NAR: Number of First-Time Homebuyers at Historic Low

NAR: Number of First-Time Homebuyers at Historic Low

by Phil Hall | Nov 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of first-time homebuyers has dropped to a historic low of 24%, according to data from the National Association of Realtors (NAR). One year ago, the share was 32%. At the same time, homebuyers’ ages hit all-time highs of 56 years overall in 2024, up from 49...
Pending Home Sales Up 7.4%

Pending Home Sales Up 7.4%

by Phil Hall | Oct 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were on the rise last month, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, soared by 7.4% to 75.8 in September,...
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