Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Black (26%) and Hispanic (22%) applicants experience higher denial rates for mortgage applications compared to their White (16%) and Asian (15%) counterparts,
NAR’s view is that all relevant cases should be included in any consolidation (including buyer and seller cases), and the Northern District of Illinois is best placed to address the industrywide issues these cases present.
Breaking News: NAR President Kasper Resigns Over Blackmail Threat; Sears Takes Over as Association President Immediately
Kasper stated in an announcement that she refused to compromise her position and in fact reported the threat to law enforcement. NAR President-elect Kevin Sears has stepped into the role of NAR President, effective immediately.
The Northeast, Midwest and West posted monthly gains in transactions while the South recorded a loss. All four U.S. regions registered year-over-year declines in transactions.
The compensation structure plaintiffs’ lawyers would like to dismantle—one in which listing brokers offer compensation to buyer brokers for finding a buyer—promotes consumer choice, encourages market competition and boosts access to homeownership.
Suzanne Bouhia Appointed Chief Marketing and Communications Officer of the National Association of Realtors
Bouhia to play critical role in communicating NAR's perspective on emerging issues and helping spread awareness of the value of the organization.
Tracy Kasper, president, Kevin Sears, president-elect and 18 other national and regional vice presidents assumed their offices at NAR NXT in Anaheim.
Pros should continue to use buyer representation agreements that provide an opportunity to talk about your value, the services you provide and how you will work in the client’s best interests.
Home buyers' median income jumped to a record high of $107,000, but they faced less competition thanks to higher interest rates and by offering larger down payments.
Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the third quarter, with year-over-year price appreciation of 1.7%. Prices also grew 5.3% in the Northeast, 5.2% in the Midwest and 0.6% in the West.