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The Latest Breaking News from NAR

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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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.

Fortune

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.

Investors Business Daily

‘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.

Fortune

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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…

The Hindu

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.

Chicago Sun-Times

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

BlackRock has a 11% stake in KB Home.

Investors Business Daily

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.

Chicago Sun-Times

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.

Kiplinger

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.

Investors Business Daily

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Fortune

This Fortune 1000 real estate giant just settled antitrust lawsuits for a reported $83.5 million

"This settlement is a significant milestone in this case against the National Association of Realtors and the Nation’s four largest real estate brokerages" Steve Berman, the attorney for the plaintiffs, wrote in a statement shared with Fortune.

Chicago Sun-Times

A reckoning, we hope, at the National Association of Realtors

There is a shakeup in leadership at the Chicago-based National Association of Realtors, and we’d say it’s way overdue.

Chicago Sun-Times

President of Chicago-based National Association of Realtors quits after reports of sexual harassment

Kenny Parcell resigned from his post after The New York Times reported several women had accused him of sexual harassment such as forced physical contact and sending inappropriate messages.

Investors Business Daily

Mortgage Demand Dives To 28-Year Low But This Luxury Builder's EPS Surged 60%

Housing market data for July showed existing-homes sales fell again. Meanwhile, Toll Brothers beat fiscal third-quarter expectations late Tuesday.

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The Independent UK

Home sales slumped in July as rising mortgage rates and prices discouraged many would-be homebuyers

Sales of previously occupied U.S. homes fell last month to the slowest pace since January, as elevated mortgage rates and a stubbornly low inventory of homes on the market combined to discourage many would-be homebuyers

The Guardian - US

Most US millennials finally own homes – and it’s not thanks to their parents

A wave of young adults bought their first home with the help of student loan pauses and remote work – but will the boom last?

Barchart

Where are Home Prices Headed for the Remainder of 2023 and Beyond?

After peaking during the pandemic, housing sales have slowed but prices remain elevated. Where is the housing market headed?

Tribune News Service

Existing-home sales fall but prices continue rising

The housing market remained soft in June, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide, dropping 3.3%. The number of sales in June was off 18.9% compared to…

WEKU

Inflation may be cooling, but the housing market is still too hot for many buyers

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

The Independent UK

Home sales fell in June to the slowest pace since January, limited by near-historic low inventory

Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines

Kiplinger

The 5 Big Steps to Buying Your First Home

We told you how to prepare years ahead of your first home purchase. Now here is how to close the deal.

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