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Pending Home Sales Down in May

Pending Home Sales Down in May

by Phil Hall | Jun 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were down by 2.1% in May from April, according to new data from the National Association of Realtors (NAR). Year-over-year, pending sales were down by 6.6%. Last month, NAR’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home...
Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A new data study is predicting more than three-quarters of brokerages could become unprofitable if the industry fails to transform their operations once the National Association of Realtors’ (NAR) settlement changes how commissions are structured. The study by...
Hits and Misses for the Real Estate Week of June 17-21

Hits and Misses for the Real Estate Week of June 17-21

by Phil Hall | Jun 21, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Disappointing housing and personal finance data reports, an unlikely business enjoying property tax breaks and a land transfer that rights a historic wrong. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 17-21. Miss:...
Ex-Employee Sues NAR for Discrimination and Sexual Harassment

Ex-Employee Sues NAR for Discrimination and Sexual Harassment

by Phil Hall | Jun 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A former National Association of Realtors (NAR) employee filed a lawsuit against the trade group that claims she was fired and subjected to retaliation for complaining about discrimination and sexual harassment. Real Estate News reported Roshani Sheth, a NAR project...
Existing Home Sales Slip Despite Stronger Inventory

Existing Home Sales Slip Despite Stronger Inventory

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

Existing home sales dipped by 0.7% in May to a seasonally adjusted annual rate of 4.11 million, according to new data from the National Association of Realtors (NAR). Sales were down 2.8% from the 4.23 million recorded in May 2023. As the sales level slipped, prices...
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