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Budge Huskey on the NAR Settlement: Don’t Believe Everything You Read

Budge Huskey on the NAR Settlement: Don’t Believe Everything You Read

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

Budge Huskey, the president and CEO of Premier Sotheby’s International Realty, has issued an eight-point statement that challenges assumptions raised the mainstream media about the $418 million settlement announced by the National Association of Realtors (NAR)....
NAR Takes Credit for Defeating Chicago’s ‘Mansion Tax’ Referendum

NAR Takes Credit for Defeating Chicago’s ‘Mansion Tax’ Referendum

by Phil Hall | Mar 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is taking credit for last week’s rejection by Chicago voters of a ballot referendum that would have changed the city’s real estate transfer tax structure. Chicago voters rejected the referendum 54% to 46% ratio. In a website...
Hits and Misses for the Real Estate Week of March 18-22

Hits and Misses for the Real Estate Week of March 18-22

by Phil Hall | Mar 22, 2024 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Attacks on realtors by the Wall Street Journal and President Biden, a pair of unusual HUD endeavors and Chicago voters rejecting the “mansion tax.” From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 18-22....
Existing Home Sales Up 9.5%

Existing Home Sales Up 9.5%

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

Existing home sales during February spiked by 9.5% from January to a seasonally adjusted annual rate of 4.38 million, according to new data from the National Association of Realtors (NAR). This represented the largest monthly increase since February 2023. However, on...
Wall Street Journal Editors Accuse Realtors of Playing a ‘Rigged Game’

Wall Street Journal Editors Accuse Realtors of Playing a ‘Rigged Game’

by Phil Hall | Mar 20, 2024 | Industry Updates, News/Current Events, Real Estate News

The editorial board of the Wall Street Journal accused the real estate profession of working against the best interests of their clients with “a rigged game that pads their pockets at the expense of consumers.” In an editorial titled “The Realtors Stage a $418 Million...
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