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The Latest Breaking News from NAR

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.

Kiplinger

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

The Independent UK

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.

WEKU

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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.

Fortune

Millennials are replaying their parents’ housing market journey as first-time buyers in their 30s flood into an unaffordable market

First-time buyers make up 32% of all home buyers, the National Association of Realtors says—up from last year’s historic low of 26%.

Fortune

Christian Dominion movement crumbling?

Oklahoma-based "City Elders" group talks big about political takeover. How much of that is smoke and mirrors?

Salon

Americans pay $100 billion in real estate commissions but get ready for a 30% cut on that, expert says

A $1.8 billion verdict this week against the National Association of Realtors and large brokerages likely spells changes ahead.

Fortune

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National realtor association CEO suddenly quits in the wake of a massive sex scandal and a pricing conspiracy that cost the industry $1.8 billion

Bob Goldberg, CEO of the National Association of Realtors, announced his resignation.

Fortune

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement

The Independent UK

National Association of Realtors CEO Bob Goldberg resigns, replaced by former Sun-Times CEO Nykia Wright

Goldberg’s departure follows the resignation of former President Kenny Parcell, who was accused of sexual harassment.

Chicago Sun-Times

Home Sellers' Costs Could Soon Be Cheaper Due To This Court Case

Home sellers may see big changes next year following $1.8B guilty verdict against brokerages that inflated home sales commissions.

Kiplinger

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales

A series of court challenges are seeking to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill

The Independent UK

Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees

Warren Buffett's HomeServices was among the defendants found liable for a verdict that could climb to more than $5 billion.

Fortune

Boomer parents are suddenly muscling their kids out of the housing market according to surprising new data from realtors

America's parents are vying with their kids—or maybe grandkids—for the relatively few homes for sale.

Fortune

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Fortune

The housing winter arrives early as existing-home sales crash to Great Recession levels and the long-feared ‘deep freeze’ sets in

Zillow warned in May that housing would enter a “deep freeze” if mortgage rates hit 8%. They came anyway—and existing home sales hit a 13-year low.

Fortune

The housing market is about to have its slowest year since the real estate bubble burst in 2008, according to National Association of Realtors

Mortgage rate lock-in effect is making homeowners hold on for longer: “You can’t buy what’s not for sale,” one pro says.

Investors Business Daily

Warren Buffett's Real Estate Play Gets Goldman Sachs Upgrade As Housing Stocks Enter Pivotal Week

Key housing data is set to be released this week which could push the homebuilder sector above key support or send the stocks falling further down.

Fortune

‘Enough is enough’: Redfin is so furious about the bombshell NAR sexual harassment report it’s ordering thousands of Realtors to ditch the industry group

Redfin only joined the National Association of Realtors in 2017, and now it’s ordering as many of its members to leave as possible. It just can’t yet in some markets.

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The Hindu

Realtors to host South Zone Business Exchange Meet in Mysuru

NAR-India to host 1st South Zone Real Estate Business Exchange Meet in Mysuru on Sept 29, bringing together stakeholders in the real estate sector of South India. Meet to provide platform for discussions on industry growth, future business prospects and collaboration opportunities. Event to benefit realtors, developers, investors and financial…

Chicago Sun-Times

National Association of Realtors taps Maggie Hickey to craft sexual harassment policies

The Chicago-based group announced other internal measures in response to charges that it has done little to stop abusive behavior by officers or vendors.

Investors Business Daily

BlackRock's Top Homebuilder Stock Surprises Wall Street With Housing Affordability In Focus

BlackRock has a 11% stake in KB Home.

Chicago Sun-Times

Critics allege Chicago-based National Association of Realtors tolerates sexual harassment, calls for CEO Bob Goldberg to resign

Former staffer tells Sun-Times of incidents involving forced physical contact at events the association organized.

Kiplinger

Best Time of Year to Buy A House

You may find a good home deal at any time of year, but certain seasons or even months have the perfect blend of inventory, supply and price. Here's when to look.

Investors Business Daily

Warren Buffett's S&P 500 Housing Market Play Just Surprised Wall Street

Lennar reported better-than expected fiscal third-quarter earnings and revenue Thursday.

Investors Business Daily

This Warren Buffett-Backed Stock Is A Litmus Test For The U.S. Housing Market

Warren Buffett-backed Lennar reports third-quarter earnings Thursday.

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