The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.
Speaking at a conference in Boston Feb. 1, the new president of the National Association of Realtors declared that the traditional rules of agent commissions are “going to change” in the wake of a $1.78 billion verdict against NAR and several prominent brokerages.
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.
Kenny Parcell has resigned his post after 19 NAR staffers and members accused him of sexual harassment in an investigation published Saturday.
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive.
Across the country, Baby Boomers are now the largest cohort of homebuyers according to new National Association of Realtors research.
Count the top forecaster at the nation’s biggest real estate trade group among the optimists when analyzing the looming 2023 housing market.
Speaking at a National Association of Realtors conference in Florida last week, association Chief Economist Lawrence Yun says American home prices aren’t likely to drop by significant amounts despite the big drops in demand.
America’s homebuyers are older than ever, whiter than in previous years and a higher-than-ever share are repeat buyers according to NAR’s latest Profile of Home Buyers and Sellers.
A bump in construction of new single-family homes last month didn’t help homebuilders feel any better about their business prospects.
With home prices spiraling upwards and stories about the growing single-family rental industry percolating in local and national media alike, concern is rising about the impact institutional investors might be having on the housing market.
A record low 25 percent of respondents in Fannie Mae’s latest monthly Home Purchase Sentiment Index survey said it was a good time to buy a home.
A new survey from Redfin suggests more than a quarter of prospective homebuyers nationwide are putting off their search due to rising prices.
With the rental market strengthening, the median monthly rent outpaces the monthly mortgage payment on the median newly-bought home in most of Connecticut, according to a National Association of Realtors analysis.
Many of 2021’s buyers started their homebuying process with an online search for homes for sale, according to a new report by the National Association of Realtors.
The National Association of Realtors is asking a federal judge to not let the Department of Justice walk away from a settlement that ended federal investigations into rules banning pocket listings.
NAR President Charlie Oppler has penned a letter to the group’s members urging masking and social distancing “whenever possible.”
The federal Department of Justice says it’s abandoning a proposed settlement and its civil antitrust complaint against the National Association of Realtors. But it’s not letting the group off the hook.
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
Next year will deliver a better economy but consistently low mortgage interest rates, a survey of 20 top economic and housing experts organized by the National Association of Realtors predicts.
