Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

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Realtors Agents Brokerage Inventory 448

Housing Wire

FEBRUARY 16, 2024

Before joining Path & Post, Smith was a Realtor , broker and partner at LOCAL Realty North ATL for three years. Additionally, Smith is serving as the 2024-25 Region 1 director for the Georgia Association of Realtors ; in 2023 she served as the president of the Cherokee Association of Realtors. “We

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Brokerage Realtors Realty Real Estate 448

Housing Wire

OCTOBER 28, 2024

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. And I am confused.

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Business Sellers Realtors Buyers 468

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. But in 2022, the share of homes bought in rural areas (19%) and small towns (29%) jumped considerably. Urban areas also took a hit, falling from 13% to 10%.

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Realtors Housing Market Construction Real Estate 468

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Compass recorded $227.977 billion in sales volume in 2022, according to RealTrends data. Just like the Sitzer/Burnett suit, the Gibson suit takes issue with NAR’s Participation Rule.

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Brokerage Realtors Agents Clients 482

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

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Marketing Buyers Sellers Realtors 526

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Realtors Buyers Inventory Investors 459

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. offers, according NAR’s REALTORS® Confidence Index.

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Buyers Realtors Inventory Sellers 497

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Moreover, buyers could incur an additional $12,944 in commission costs on the average home if sellers opt not to pay the buyer’s agent commission following the National Association of Realtors (NAR) settlement in August.

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Real Estate Sellers Buyers Renovations 417

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

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Realtors Real Estate Legal Law 448

Housing Wire

JANUARY 9, 2024

A seasoned Realtor , Hines was Sotheby’s top broker in sales volume in West Seattle in 2018-2019 and also appeared on Forbes Market Leader’s list. According to the most recent RealTrends ranking , the Janssens Hines Team ranked 15th among the top small teams in Washington by volume in 2022. In total, the team sold $68.6

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Realty Brokerage Agents Real Estate 448

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. ” Closed sales of single-family homes grew 0.6%

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New Listings Real Estate Realtors Inventory 468

Housing Wire

SEPTEMBER 3, 2024

Illustrated Properties was not grandfathered into the settlement reached by the National Association of Realtors (NAR). billion in 2022, according to data from RealTrends Verified , well above the $2 billion threshold. No details of the conditions of the settlement were immediate available. The Keyes Co./Illustrated

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Brokerage Realty Realtors Real Estate 445

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. million in October 2022 before gradually declining. Realtors who have paid their membership dues by Jan.

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Realtors Agents Inventory Modernization 442

Housing Wire

APRIL 23, 2024

The plaintiffs kept moving the finish line and I was sad as president of the National Association of Realtors not to be able to protect everybody, but at the end of the day we realized we need to be able to protect the most people that we can, and in this proposed settlement, that was what we were able to do,” Sears said.

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Realtors Brokerage Agents Real Estate 448

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. In 2023, NAR raised dues from $150 to $156.

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Realtors Finance Agents Legal 397

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). “The

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Housing Market Marketing Logistics Real Estate 468

Housing Wire

FEBRUARY 21, 2024

In her dismissal ruling on Tuesday, Wood wrote that the plaintiffs’ request for injunctive relief under the Sherman Antitrust Act “essentially mirror the allegations” made in the original 2021 complaint that she dismissed in May 2022 (which was previously known as the Leeder case). ” Wood also cited the $5.36

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Realtors Brokerage Real Estate Law 434

Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. The overall U.S.

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Buyers Inventory Realtors Mortgage 476

Housing Wire

SEPTEMBER 18, 2024

The suit still takes aim at the National Association of Realtors’ Participation Rule, which required listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on a Realtor association-affiliated MLS. The conspiracy also enables brokers to ‘steer’ home buyers away from lower commission homes.”

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Real Estate Realtors Buyers Agents 433

Housing Wire

JUNE 12, 2024

The first Batton suit was filed in Illinois in January 2021 by Judah Leeder and later amended in July 2022 with Mya Batton as the lead plaintiff. The defendants in the suit include National Association of Realtors , Anywhere , Keller Williams , HomeServices of America and RE/MAX.

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Real Estate Realtors Legal Finance 440

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers.

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Buyers Housing Market Marketing Sellers 468

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Compared to November 2022, existing home sales retreated 7.3%, down from 4.12 months in November 2022. Existing-home sales grew 0.8% All four U.S.

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Inventory Housing Market Realtors Buyers 459

Housing Wire

JULY 3, 2024

Davis is a resident of North Carolina who purchased a home in Greensboro in 2022 using a buyer agent from Allen Tate Real Estate LLC , a subsidiary of Hanna Holdings. The suit is seeking class-action status for a nationwide class defined as persons who purchased residential real estate that was listed on a Realtor-affiliated MLS between Dec.

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Law Real Estate Realtors Buyers 418

Housing Wire

JANUARY 5, 2024

The National Association of Realtors saw its membership numbers drop 1.11% during the last month of the year, as 17,489 former members let their membership lapse. 31, 2022, and Dec. Year-over-year, from Dec. 31, 2023, NAR lost 26,367 members, a 1.67% annual decline, according to NAR’s monthly membership report.

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Agents Realtors Inventory Housing Market 476

Housing Wire

FEBRUARY 6, 2024

Originally filed by REX in March 2021 , against Zillow and the National Association of Realtors , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.” In mid-May 2022, REX ceased its brokerage operations.

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Advertising Real Estate Brokerage Agents 448

Housing Wire

OCTOBER 19, 2023

million, according to the National Association of Realtors. Compared to September 2022, existing home sales slumped 15.4%, down from 4.68 million in September 2022. higher than in September 2022. Existing home sales fell 2.0% in September from August , reaching a seasonally adjusted annual rate of 3.96 It was still 2.8%

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Inventory Realtors Buyers Housing Market 435

Housing Wire

NOVEMBER 29, 2023

Ryan Levenson, who is the 2023 president of the East Tennessee Realtors’ Association , is a third-generation real estate agent, following his parents, Rich and Patti Levenson, into the business. In 2022, Ryan ranked as the No. 54 brokerage in the country by transaction sides in the RealTrends 500 , closing 9,701 sides in 2022 and $3.44

Realty 448

Realty Agents Real Estate Agent Real Estate 448

Housing Wire

APRIL 30, 2024

It was the largest annualized increase recorded since November 2022. in February, the fastest annual rate since November 2022. Meanwhile, the National Association of Realtors reported that existing home sales increased by 9.5% National Home Price Index posted a 6.4% the previous month. the previous month. and New York.

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Inventory Realtors Buyers Marketing 497

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. The report was authored by CFA senior fellow Stephen Brobeck.

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Buyers Contracts Agents Realtors 478

Housing Wire

JULY 19, 2024

According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% Interest rates are a big part of the story,” Texas Realtors Chairman Jef Conn said in a statement. compared to the same period last year. year over year to $345,000. annualized increase and 4.8

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Inventory Realtors Housing Market Buyers 476

Housing Wire

DECEMBER 20, 2023

I would argue yes, and the housing market today looks a lot like what we saw in late 2022. From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% from November 2022 ($372,700). million in November.

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Housing Market Marketing Inventory Realtors 482

Housing Wire

OCTOBER 2, 2023

Originally filed by REX in March 2021 , against Zillow and the National Association of Realtors , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.” In mid-May 2022, REX ceased its brokerage operations.

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Advertising Brokerage Real Estate Legal 448

Housing Wire

OCTOBER 4, 2023

In 2022, OWN Real Estate sold 80 homes, amounting to more than $107.1 Leung was a finalist of Realtor Magazine ‘s prestigious 30 under 30 2017 class. San Francisco-based real estate team OWN Real Estate joined Keller Williams , the company announced on Wednesday.

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Real Estate Real Estate Agent Brokerage Agents 468

Housing Wire

JULY 9, 2024

According to the release, in was the top firm in Berkshire County for transaction sides in 2022 and 2023. I have no doubt that together we will be even stronger and will serve all the clients and Realtors even better.” Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick.

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Realty Real Estate Realtors Agents 448

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales expected to close in 2022. million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014. annual increase in 2022. from the 5.13 to $384,500.

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Realtors Mortgage Real Estate Housing Market 435

Housing Wire

JULY 1, 2024

In 2022, Kaufman co-founded AdaMark Residential , where he served as president. Kaufman is also a member of the Florida Board of Realtors. Prior to that venture, Kaufman was a vice president and principal of a luxury residential real estate marketing firm. Adam brings a wealth of experience to our team.

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Realty Development Training Realtors 435