Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001.

Inventory 499

Inventory Contracts Realtors Buyers 499

Housing Wire

NOVEMBER 18, 2024

The National Association of Realtors (NAR) has spent much of the past few years having its dirty laundry aired across public domain and in courtrooms. Some Realtors question what they get out of their NAR memberships, but rules imposed by NAR and affiliates at the state and local levels force them to be members.

Law 286

Law Real Estate Agent Realtors Real Estate 286

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 400

Buyers Contracts Agents Realtors 400

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Home sales will remain below the historic average of 5 million throughout 2023. from December to a pace of 4.00

Inventory 359

Inventory Buyers Housing Market Contracts 359

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The suit obtained class certification in March 2023. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Real Estate Agent 392

Real Estate Agent Realtors Real Estate Sellers 392

Appraisal Buzz

JULY 31, 2024

increase was reported in June pending home sales by the National Association of REALTORS (NAR). The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. A measure of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) increased to 74.3

Contracts 397

Contracts Inventory Buyers Housing Market 397

Appraisal Buzz

JUNE 27, 2024

decline in pending home sales, according to the National Association of REALTORS. Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 May saw a 2.1%

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in November.

Contracts 481

Contracts Housing Market Construction Inventory 481

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.

Realtors 346

Realtors Finance Agents Legal 346

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 415

Contracts Brokerage Law Real Estate Agent 415

Appraisal Buzz

SEPTEMBER 26, 2024

According to the National Association of Realtors (NAR) , pending home sales in August 2024 rose 0.6%, with the Midwest, South, and West posting monthly gains in transactions, and the Northeast recording a loss. NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6

Contracts 359

Contracts Buyers Mortgage Realtors 359

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 408

Inventory Contracts Housing Market Realtors 408

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 419

Contracts Brokerage Law Real Estate Agent 419

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 449

Realtors Agents Contracts Brokerage 449

Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. She used Redfin agents for both listing and buying purposes.

Realtors 380

Realtors Agents Sellers Real Estate 380

Appraisal Buzz

SEPTEMBER 26, 2024

in August compared with July but were down 3% compared with August 2023, according to the National Association of Realtors (NAR). “A However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.” Pending home sales inched up 0.6% Year-over-year, pending home sales decreased 2.2%

Contracts 195

Contracts Realtors Mortgage Appraisal 195

Appraisal Buzz

OCTOBER 30, 2024

compared with September 2023, according to the National Association of Realtors (NAR). Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” says Lawrence Yun, chief economist for NAR, in a statement.

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Looking ahead to the second half of 2023 and beyond, NAR said it expects that the economy will continue adding jobs , but at a slower pace.

Inventory 442

Inventory Realtors Contracts Construction 442

Appraisal Buzz

JULY 31, 2024

compared with June 2023, according to the National Association of Realtors (NAR). Month-over-month, contract signings increased in all four U.S. The rise in housing inventory is beginning to lead to more contract signings,” says Lawrence Yun, chief economist for NAR, in a statement. Pending home sales increased 4.8%

Contracts 195

Contracts Inventory Insurance Realtors 195

Housing Wire

MARCH 19, 2024

billion in damages awarded by a jury in late October 2023. million in funds that resulted from the settlement agreements reached by Anywhere , RE/MAX , Keller Williams and the National Association of Realtors (NAR). 1, 2023) at the rate of 5.4% The plaintiffs then subtracted the $626.5 per year, compounded annually.

Sellers 375

Sellers Law Realtors Contracts 375

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. According to the National Association of Realtors (NAR), some 96% of homebuyers use the internet in their home search.

Real Estate 434

Real Estate Real Estate Agent Agents Tools 434

Housing Wire

JANUARY 27, 2023

Mortgage analysts are in charge of pre-approving buyers, contract desk employees take in incoming contracts and send it to the underwriting team, and closing specialists process the loans and take over all communication with escrow, real estate agents and buyers to close loans.

Lending 403

Lending Real Estate Agent Loan Officers Retail 403

Appraisal Buzz

AUGUST 29, 2024

compared with July 2023, as mortgage rates and home prices remained stubbornly high, according to the National Association of Realtors (NAR). Regionally, and month over month, contract signings decreased 1.4% Pending home sales decreased 5.5% in July compared with June and were down 8.5% in the Northeast, 7.8% in the West.

Contracts 221

Contracts Buyers Realtors Inventory 221

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile.

Contracts 439

Contracts Inventory Housing Market Mortgage 439

Appraisal Buzz

JUNE 28, 2024

compared with May 2023, as higher mortgage rates continued to keep homebuyers on the sidelines, according to the National Association of Realtors (NAR). Regionally, and month over month, contract signings declined in the Midwest and South but increased in the Northeast and West. million 2023 – and to 4.92 million in 2025.

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

MARCH 27, 2024

2023, denied the HomeServices defendants’ motion to decertify the class. At the time, the defendants in the suit, which included HomeServices, as well as the National Association of Realtors , Keller Williams , Anywhere , and RE/MAX , requested that the Eighth Circuit court of appeal review the class certification order.

Law 405

Law Sellers Realtors Contracts 405

Housing Wire

MARCH 28, 2024

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023.

Sellers 388

Sellers Contracts Buyers Realtors 388

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. in 2023 and 5.4% year over year in 2023 to a total of 4.47

Housing Market 446

Housing Market Realtors Contracts Buyers 446

Housing Wire

OCTOBER 31, 2023

home prices continued to rise in August 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement. in August, which marks the seventh consecutive monthly gain since prices bottomed in January 2023. in September year over year to $394,300, according to the National Association of Realtors.

Inventory 483

Inventory Housing Market Contracts Realtors 483

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. million in volume in 2023, according to RealTrends Verified data. The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price.

Agents 434

Agents Inspection Real Estate Sellers 434

Housing Wire

NOVEMBER 21, 2022

million in 2023 and then climbing to 5.25 trillion in 2023 before climbing to $2.11 million, according to the National Association of Realtors. Fannie Mae expects real GDP growth in 2024 to be 2% year over year, reflecting the start of a recovery following an anticipated 2023 contraction of 0.6%. million in 2024.

Contracts 387

Contracts Government Mortgage Buyers 387

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Home sales will pick up in the second half of 2023, but will be down by 7.1% regions recorded year-over-year decreases in contract signings. In July , the index fell 1.0%

Contracts 380

Contracts Realtors Inventory Marketing 380

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. “In Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Inventory 424

Inventory Realtors New Listings Contracts 424

Housing Wire

JANUARY 3, 2024

The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28 from the Northeast, 26 from the Southeast, 33 from the Midwest, 33 from the Southwest and 16 from the Northwest. I was already using buyer broker contracts, but now use them 100% of the time.

Agents 392

Agents Realtors Clients Real Estate 392

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 11.2% year over year, with November 2023 at 5,397 compared to 6,078 last November. 2023: 4,691 2022: 5,333 2021: 7,485 Price Reductions: The number of price reductions is down 4% when compared to November 2022.

Real Estate 74

Real Estate Sellers Buyers Realtors 74

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors. What is NAR?

Realtors 74

Realtors Agents Real Estate Agent Real Estate 74

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 12.9% year over year, with November 2023 at 2,732 compared to 3,138 last November. Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2%

Real Estate 74

Real Estate Sellers Home Value Buyers 74