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Report: 1 in 7 Pending Home Sales Were Canceled in January

Report: 1 in 7 Pending Home Sales Were Canceled in January

by Phil Hall | Feb 28, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 41,000 home purchase agreements were canceled in January, equal to 14.3% or one in seven homes that went under contract. According to a new data report from Redfin (NASDAQ: RDFN), last month’s cancelation rate was up from 13.4% in January 2024 and is the...
NAR’s Pending Home Sales Index Sinks to All-Time Low

NAR’s Pending Home Sales Index Sinks to All-Time Low

by Phil Hall | Feb 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales dropped during January, 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, tumbled by 4.6% to 70.6 in January, an...
NAR Announces Resolution with Phoenix Realtors Over MLS Access

NAR Announces Resolution with Phoenix Realtors Over MLS Access

by Phil Hall | Feb 21, 2025 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) announced a resolution with Phoenix Realtors regarding the Arizona-based group’s MLS Choice program that enabled brokers to offer their agents access both the MLS and legal forms outside of the traditional three-tier...
Nearly 90% of Metro Areas Recorded Q4 Home Price Gains

Nearly 90% of Metro Areas Recorded Q4 Home Price Gains

by Phil Hall | Feb 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The fourth quarter of 2024 saw home price increases in 89% (201 out of 226) of metro markets, according to the National Association of Realtors (NAR), with 14% of the metro areas posting double-digit price gains over the same period, up from 7% in the third quarter....
Texas-Based MLS to Enable Non-Realtor Access

Texas-Based MLS to Enable Non-Realtor Access

by Phil Hall | Feb 5, 2025 | Current News & Events, Market Snapshot, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The Austin Board of Realtors’ Unlock MLS is planning to make its multiple listing service available to real estate professionals who do not have membership in a realtor association. “We’re all about providing you with maximum flexibility to run your business your...
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