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Pending Home Sales Up by 8.3%

Pending Home Sales Up by 8.3%

by Phil Hall | Jan 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in December recorded an 8.3% spike, according to data from the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s forward-looking indicator of home sales based on contract signings – increased to 77.3 in December....

Three Settlements Reached in ‘Pocket Listing’ Lawsuit

by Phil Hall | Jan 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The so-called “pocket listing” lawsuit involving the PLS against three regional listing services has been resolved, although litigation by PLS against the National Association of Realtors (NAR) is still pending. Reuters reported lawyers for PLS reached out-of-court...
American Real Estate Association Unveiled as NAR Alternative

American Real Estate Association Unveiled as NAR Alternative

by Phil Hall | Jan 24, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

A pair of high-profile real estate agents have unveiled their effort to directly challenge the National Association of Realtors (NAR) as the trade organization representing their profession. Jason Haber, a New York City-based agent with Compass, and Mauricio Umansky,...
Existing Home Sales Were Down for December

Existing Home Sales Were Down for December

by Phil Hall | Jan 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales ended 2023 on a downturn, according to data from the National Association of Realtors (NAR). Total existing home sales dipped by 1% from November to a seasonally adjusted annual rate of 3.78 million in December. On a year-over-year measurement,...
And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles

And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles

by Phil Hall | Jan 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Another lawsuit aimed at how real estate professionals earn their commissions was filed this week in Los Angeles. The new case was filed on Wednesday in U.S. District Court in Los Angeles by Gael Fierro and Patrick Thurber, two home sellers who named the National...
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