NAR

NAR Supports Centralization of Compensation Lawsuits
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.

Pending Home Sales Flat in November; NAR Expects Higher Sales in 2024
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.

Opinion: Buying a House? Don't Go It Alone. A Real Estate Agent Can Make All the Difference
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.

U.S. Existing-Home Sales Fell 4.1% in October
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.

Eight Questions for NAR Interim CEO Nykia Wright
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?

National Association of Realtors Installs 2024 Leadership
Tracy Kasper, president, Kevin Sears, president-elect and 18 other national and regional vice presidents assumed their offices at NAR NXT in Anaheim.

NAR Attorneys: Buyer Representation Is Not a Thing of the Past
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.

NAR: Typical Home Buyer's Annual Household Income Climbed to Record-High $107,000 in 2023
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.

NAR: More Than 80% of Metro Areas Registered Home Price Increases in Third Quarter of 2023
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.

HGAR & NYSAR Congratulate Members and Leaders on their NAR 2024 Committee Appointments
The Hudson Gateway Association of Realtors and the New York State Association of Realtors offer their congratulations to its members