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Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change

Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change

by Phil Hall | Oct 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Aug. 17 rule change by National Association of Realtors (NAR) on commissions appears to have minimal impact on how buyer’s agents are paid. According to new data from Redfin (NASDAQ: RDFN), the average buyer’s agent commission for homes sold in October was...
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,...
NAR Delays Decision on Clear Cooperation Policy

NAR Delays Decision on Clear Cooperation Policy

by Phil Hall | Oct 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is pursuing an indefinite study of its Clear Cooperation Policy, with no deadline on when it would come to a final decision. Real Estate News reported NAR’s MLS Technology and Emerging Issues Advisory Board, which has been...
Existing Home Sales Down by 1% in September

Existing Home Sales Down by 1% in September

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were down in September despite an uptick in the total housing inventory, according to new data from to the National Association of Realtors (NAR). Total existing home sales dropped by 1.0% from August to a seasonally adjusted annual rate of 3.84...
A Phil Hall Op-Ed: What’s Next for NAR’s Clear Cooperation Policy?

A Phil Hall Op-Ed: What’s Next for NAR’s Clear Cooperation Policy?

by Phil Hall | Oct 15, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Dark clouds have formed around the National Association of Realtors’ (NAR) Clear Cooperation Policy, with many prominent figures within the real estate industry calling for it to be jettisoned. However, it seems like an equal number of prominent...
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