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NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement

NAR Receives Preliminary Approval of Sitzer/Burnett Settlement Agreement

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

The judge who oversaw the Sitzer/Burnett lawsuit has granted preliminary approval to the National Association of Realtors’ (NAR) $418 million settlement. As part of the settlement, NAR will allocate the $418 million into a fund over a four-year period. NAR also agreed...
Existing Home Sales Drop in March

Existing Home Sales Drop in March

by Phil Hall | Apr 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales tanked in March, according to data from the National Association of Realtors (NAR). Last month, total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – declined by 4.3% from February...

Housing Costs Help Drive Up Inflation in Latest Consumer Price Index Data

by Phil Hall | Apr 10, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market contributed to the uptick in the latest Consumer Price Index (CPI) data published today by the U.S. Bureau of Labor Statistics. The CPI for March recorded a 3.5% year-over-year increase, up from the 3.2% annual uptick in February. Last month marked...
Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) received a new legal headache as the U.S. Circuit Court of Appeals in Washington, D.C., ruled the U.S. Department of Justice (DOJ) can reopen its investigation into the trade group’s Participation Rule and Clear...
A Phil Hall Op-Ed: Will the NAR Settlement Create a Lose-Lose Scenario for Homebuyers?

A Phil Hall Op-Ed: Will the NAR Settlement Create a Lose-Lose Scenario for Homebuyers?

by Phil Hall | Apr 1, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: As the proverbial dust is settling on the National Association of Realtors’ (NAR) $418 million settlement, a growing number of voices are starting to complain loudly that the changes being enacted on the home selling structure will not bode well for...
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