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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...
DOJ: Sitzer/Burnett Settlement Does Not Prevent Future Enforcement Against NAR

DOJ: Sitzer/Burnett Settlement Does Not Prevent Future Enforcement Against NAR

by Phil Hall | Nov 25, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) filed a Statement of Interest on Sunday ahead of this week’s final hearing of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Burnett case. Real Estate News reported the DOJ’s statement informed the...
Existing Home Sales Score First Year-Over-Year Hike Since July 2021

Existing Home Sales Score First Year-Over-Year Hike Since July 2021

by Phil Hall | Nov 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales recorded its first year-over-year upswing since July 2021, according to new data from the National Association of Realtors (NAR). Total existing-home sales were up 3.4% from September to a seasonally adjusted annual rate of 3.96 million in October....
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...
Hits and Misses for the Real Estate Week of Nov. 11-15

Hits and Misses for the Real Estate Week of Nov. 11-15

by Phil Hall | Nov 15, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 11-15. Hit: Let’s Not Go, Brandon. Praise goes this...
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