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Existing Home Sales Up 9.5%

Existing Home Sales Up 9.5%

by Phil Hall | Mar 21, 2024 | Current News & 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 | Current News & Events, Industry Updates, 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...
NAR Pushes Back at Biden’s Claim That Realtors Drive Up Home Prices

NAR Pushes Back at Biden’s Claim That Realtors Drive Up Home Prices

by Phil Hall | Mar 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) called out President Biden for misrepresenting how real estate professionals do their jobs. In a campaign speech delivered yesterday in Nevada, the president alluded to NAR’s $418 million settlement of the...
Agents Prepare for Worst in Wake of NAR Settlement Offer

Agents Prepare for Worst in Wake of NAR Settlement Offer

by Rick Grant | Mar 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market

While the ink isn’t even on the paper yet, much less dry, the recent $418 million settlement offer by the National Association of Realtors (NAR) (which it called an “agreement reached” in its press release) has experienced real estate agents expecting the...
A Phil Hall Op-Ed: X Marks the NAR Settlement Spot

A Phil Hall Op-Ed: X Marks the NAR Settlement Spot

by Phil Hall | Mar 18, 2024 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Following Friday’s announcement of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Barnett lawsuit and its pledge to change its commission structure in the home sale process, a lot of people had the overwhelming urge to voice their...
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