Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
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.
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.
Existing home sales fell year over year all over the United States, down 14.6% to a seasonally adjusted rate of 3.79 million completed transactions that include single-family homes, townhomes, condominiums and co-ops.
Wright takes the helm of NAR November 27 as interim CEO and doesn't shy away from a challenge. What can NAR members and staff as she steps into the role?
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.
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