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NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy

NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy

by Phil Hall | Oct 6, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Lawrence Yun, the chief economist for the National Association of Realtors, is warning that today’s mostly positive jobs report should not be embraced as evidence of an improving economy. “The job market continues to crank out jobs in high figures: 336,000 in...
Anywhere Real Estate in $83.5 Million Settlement Over Antitrust Charges

Anywhere Real Estate in $83.5 Million Settlement Over Antitrust Charges

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Madison, New Jersey-based Anywhere Real Estate Inc. (NYSE: HOUS), formerly known as Realogy Holdings Corp., announced the terms of a settlement agreement to resolve claims brought in two class action lawsuits that the company colluded with the National Association of...
Study: 81% of U.S. Real Estate Firms are Single-Office Operations

Study: 81% of U.S. Real Estate Firms are Single-Office Operations

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The vast majority of U.S. real estate firms in 2022 were single-office entities not affiliated with a franchise network, according to the 2023 Profile of Real Estate Firms published by the National Association of Realtors (NAR). Last year, 81% of the nation’s real...
Redfin Exits from National Association of Realtors

Redfin Exits from National Association of Realtors

by Phil Hall | Oct 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Redfin (NASDAQ:RDFN) has announced it will end its support of the National Association of Realtors (NAR), citing the organization’s fee requirements and what it dubbed as “a pattern of alleged sexual harassment.” “We’ve had many meetings with NAR execs to explore...
Fewer Pending Home Sales During August

Fewer Pending Home Sales During August

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

Pending home sales in August were down 7.1% from July and down 18.7% from August 2022, according to data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings,...
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