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The Latest Breaking News from NAR

US Existing Home Sales Slip In April On Still High Mortgage Rates

Existing home sales in the United States crept lower in April as mortgage rates remained elevated, industry data showed Wednesday.

International Business Times

US housing market faces biggest shakeup in years – here’s what we know

A powerful group has agreed to a rule change on how real estate agents are compensated – which could leave the industry scrambling

The Guardian - US

Anthony Lamacchia: An Outspoken Voice For The Real Estate Industry

With his strong media and online video presence, Lamacchia stands as an outspoken defender of the industry and Realtors, a role few are willing to undertake.

International Business Times

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US Home Sales Rise In February By Most In A Year

Sales of existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at slightly lower levels.

International Business Times

Traders May Enjoy ‘Double Duty’ With Zillow (Z) Options

A legal settlement may end up lowering broker commissions on real estate sales, hurting a key revenue stream for Zillow. Still, traders can play both sides of Z stock.

Barchart

Your Home Selling Costs To Fall Following NAR Settlement

The standard 5% to 6% broker commission on home sales is about to become a thing of the past as the National Association of Realtors agrees to change rules.

Kiplinger

Your Guide to the Housing Market in 2024

The challenging housing market conditions that dominated 2023 are easing, but buyers and sellers must take action to stay ahead.

Kiplinger

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Alabama justice's ties with far-right Christian movement raise concern

In the days after Alabama's Supreme Court deemed frozen embryos to be "extrauterine children," the chief justice's ties to a movement that experts call "Christian extremist" have come to light.

WEKU

Home Sales Hit Lowest Level in Nearly 30 Years

Existing home sales fell last year as low inventory, decreased affordability and high interest rates pressured the housing market.

Kiplinger

US Existing Home Sales Fall To Lowest Level Since 1995

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

International Business Times

National Association of Realtors head appointed after sexual harassment scandal, $1.8 billion verdict quits, claiming blackmail

Tracy Kasper claims she was threatened with disclosure of a “past personal, non-financial matter” unless she stepped down. She reported it to police.

Fortune

National Association of Realtors president resigns, blames blackmail threat

Tracy Kasper is the latest leader to depart the embattled organization that represents 1.5 million members. President-elect Kevin Sears will replace her, the association said.

Chicago Sun-Times

NAR President Resigns Amid Threats: Leadership Turmoil Continues

National Association of Realtors faces more turmoil as president resigns after receiving personal threat. Steps taken to protect organization's integrity.

Top News

Mortgage Payments Soften, Existing Home Contracts Remain Unchanged

Is the housing market losing some steam? Contracts to buy existing homes remain stagnant as mortgage payments begin to wane, says the NAR.

Fortune

Fitch Ratings says U.S. homes are ‘overvalued’ by nearly 10%—but homebuyers shouldn’t expect relief anytime soon

"Home prices keep marching higher," NAR’s chief economist Lawrence Yun said in a statement, arguing that "only a dramatic rise in supply will dampen price appreciation."

The Independent UK

Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyers

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

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The Hindu

Mysuru hosts real estate business exchange meet

NAR-India hosted 1st South Zone Real Estate Business Exchange Meet in Mysore, bringing together stakeholders to discuss industry growth, future prospects & collaborative opportunities. It provided an opportunity to foster growth & development in the real estate sector. Realtors, developers, investors & financial institutions from India benefited from the event,…

Fortune

Home prices will fall for the first time since 2012, Redfin’s chief economist predicts, but they'll still be ‘out of reach’ for many buyers

Redfin expects home prices to fall 1% in the second and third quarters of next year and be flat in the first and last quarters, per its 2024 housing market forecast.

International Business Times

Pending Home Sales Fall To Record Low In October

The housing market is suffering from mortgage rates near the highest level in two decades.

Kiplinger

Buying a Home? You Need a Six-Figure Income and a Big Down Payment

The median household income for home buyers hits a record $107,000; Down payments rise to more than two-decade highs as housing market crunch continues, NAR study shows.

The Independent UK

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

WEKU

Speaker Johnson's close ties to Christian right — both mainstream and fringe

The Louisiana Republican has deep ties to evangelical leaders, including pastors who hold anti-democratic views and helped fuel the Jan. 6 Capitol riot as a battle for God to save America.

Fortune

Who is the first-time homebuyer? They’re older, earn more, and probably don’t have kids

Despite millennial plight, 32% of buyers this year bought their first house.

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