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Hits and Misses for the Real Estate Week of Dec. 25-29

Hits and Misses for the Real Estate Week of Dec. 25-29

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An acute lack of affordable homeownership opportunities, another lawsuit challenging broker commissions and a Frank Lloyd Wright-designed house that changed hands for the first time since 1955. From the wild and wooly world of real estate, here are the hits and misses...
Pending Home Sales Activity Remains Unchanged

Pending Home Sales Activity Remains Unchanged

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales in November was unchanged from October and down by 5.2% from one year earlier, according to the National Association of Realtors (NAR). NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings...
Efforts Underway to Create Organization to Challenge National Association of Realtors

Efforts Underway to Create Organization to Challenge National Association of Realtors

by Phil Hall | Dec 27, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

As the National Association of Realtors (NAR) rings out its problem-plagued year, there is a report of two new endeavors to create a national-level trade association for real estate professionals. The New York Times reported Jason Haber, a Compass real estate broker...
Second Texas Lawsuit Filed Over Broker Commissions

Second Texas Lawsuit Filed Over Broker Commissions

by Phil Hall | Dec 26, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the second time in a month, a lawsuit has been filed in Texas claiming the state’s real estate industry is engaged in a “conspiracy” related to broker commissions. The new putative class action lawsuit – Martin, et al., v. Texas Association of Realtors, Inc., et...
Existing Homes Sales Up for First Time in 5 Months

Existing Homes Sales Up for First Time in 5 Months

by Phil Hall | Dec 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales inched up in November, breaking a five-month streak of consecutive declines, according to the National Association of Realtors (NAR). Total existing home sales rose by 0.8% from October to a seasonally adjusted annual rate of 3.82 million in...
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