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Pending Home Sales Plummeted in July

Pending Home Sales Plummeted in July

by Phil Hall | Aug 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales sank during July, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s a forward-looking indicator of home sales based on contract signings, dropped by 5.5% to 70.2 in July, the lowest...
NAR Faces New Realtor-Filed Lawsuit

NAR Faces New Realtor-Filed Lawsuit

by Phil Hall | Aug 28, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is facing its second realtor-filed lawsuit in a month. According to a report in The Real Deal, NAR is a co-defendant in a lawsuit filed by eight realtors against Move (the parent company of Realtor.com), News Corp (the parent...
Hits and Misses for the Real Estate Week of Aug. 19-23

Hits and Misses for the Real Estate Week of Aug. 19-23

by Phil Hall | Aug 23, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new NAR leader, a jaw-dropping data revision and more Britons buying homes. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Aug. 19-23. Miss: Wright or Wrong, Part 1. Nine months after the National Association of Realtors...
Utah Brokerage Homie Sues NAR, Claiming Organized Boycott

Utah Brokerage Homie Sues NAR, Claiming Organized Boycott

by Phil Hall | Aug 23, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Utah-based real estate brokerage Homie has filed an antitrust complaint against the National Association of Realtors (NAR), claiming that the organization’s member agents have steered prospective buyers away from Homie’s listings. According to a Deseret News...
Existing Home Sales Inch Up, Breaking 4-Month Decline Streak

Existing Home Sales Inch Up, Breaking 4-Month Decline Streak

by Phil Hall | Aug 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales in July were on the rise, reversing a four-month streak of monthly declines. According to new data from the National Association of Realtors (NAR), total existing home sales were up 1.3% from June to a seasonally adjusted annual rate of 3.95...
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