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Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Implemented in May 2020, under CCP, listing agents have 24 hours from when they begin marketing a property to list it on their local MLS.

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The LO edge in 2022? Realtors, Realtors, Realtors

Housing Wire

I think it’ll be a broken record but Realtors, Realtors, Realtors,” emphasized Rafael Montano, an LO at Rocket Mortgage. Christopher Medellin, vice president regional manager at loanDepot , said that LOs whose business mainly consisted of refis in 2020 and 2021 are now feeling the shift of the market.

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NAR: 31% of Realtors say they feel unsafe at open houses

Housing Wire

As September is Realtor Safety Month, the National Association of Realtors has released its 2020 Member Safety Report. According to the report, 31% of Realtors said they feel unsafe during an open house or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property.

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COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% Mortgage demand picked up in 2020.

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Mortgage lending volume in 2020 likely to break records

Housing Wire

in 2020 and 2.7% Seasonally adjusted existing-home sales surged 25% in July, the biggest monthly gain ever recorded, beating the prior record gain of 21% set in June, the National Association of Realtors said in an Aug. The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire.

Lending 545
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Existing-home sales take a sleigh ride to the sky with highest jump since 2021

Housing Wire

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 And that number includes a huge caveat as June 2020 was at the height of the COVID-19 pandemic lockdowns. The housing industry is getting an early Christmas gift. million, a 4.8%

Inventory 459
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New homes account for the highest share of sales since 2005

Housing Wire

High mortgage rates, low inventory and sky-high prices resulted in historically low sales at a time when agents are already wrestling with the changes related to the $418 million antitrust settlement signed by the National Association of Realtors (NAR). Since the beginning of 2020, the average monthly change for existing-home sales is -0.27%.

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