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Pending Home Sales Inched Up in July

Pending Home Sales Inched Up in July

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were up for the second consecutive month in July, according to data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, inched up by 0.9% to...
NAR President Kenny Parcell Resigns Following Media Report on Sexual Harassment

NAR President Kenny Parcell Resigns Following Media Report on Sexual Harassment

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

Kenny Parcell has resigned as the 2023 President of the National Association of Realtors (NAR) following a recent New York Times report accusing him of sexual harassment while describing NAR’s corporate culture where female real estate professionals were...
Hits and Misses for the Real Estate Week of Aug. 21-25

Hits and Misses for the Real Estate Week of Aug. 21-25

by Phil Hall | Aug 25, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A newspaper that fact checked a dubious real estate report, a female empowerment lesson that is better than “Barbie” and a wristwatch inspired by a legendary hotel. From the wild and woolly world of real estate, here are the hits and misses for this week....
Existing Home Sales Down 16.6% From Last Year

Existing Home Sales Down 16.6% From Last Year

by Phil Hall | Aug 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were in retreat last month, according to new data from the National Association of Realtors (NAR). During July, completed transactions were down 2.2% from June to a seasonally adjusted annual rate of 4.07 million. On a year-over-year measurement,...
Trade Groups Ask FHFA to Forgo Rent Control Proposal

Trade Groups Ask FHFA to Forgo Rent Control Proposal

by Phil Hall | Aug 11, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A coalition of 18 national trade associations representing the stakeholders in the housing industry sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents,...
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