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The Latest Breaking News from the National Association of Realtors

If you recently sold your home, you might get part of your realtor fee back

A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay elsewhere.

WEKU

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

Landmark 8M Settlement Reshapes Real Estate Commission Fees

Learn about the changes in the real estate industry following a 8 million settlement by the National Association of Realtors, including the elimination ...

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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

Stock Market Today: Stocks Close Lower After Fed Minutes, Retail Earnings

Burlington was a big winner on the earnings front, while Kohl's slumped after its results.

Kiplinger

Tough housing market is luring buyers without kids and higher incomes

A report from the National Association of Realtors shows the average home buyer this past year had a six-figure income. Others face challenges in a period of high prices and costly home loans.

WEKU

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

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

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

High interest rates is hurting one more industry: Mortgage lenders

Mortgage brokers, who rely on commissions, are struggling as their income has dipped as home buyers move to cash.

Al Jazeera

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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.

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.

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.

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.

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Kiplinger

How Much Does It Cost to Sell a House? Don’t Overlook These Common Fees

Selling a home isn’t free. Learn about the most common — and often overlooked — costs involved in selling your house, from agent fees to prep work.

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.

Axios

Realtors are leaving the housing market in droves

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

Tribune News Service

Bankrate: Existing-home sales, prices decline again

The housing market remained soft in April, 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. The number of sales in April was off 3.4% from last month and…

Chicago Tribune

Spring housing market ‘stalling’ as record low inventory plagues buyers

Ron Vlasic, 56, was one of 19 bidders on a $315,000, three-bedroom house in Des Plaines in February.

Kiplinger

Millennials No Longer the Largest Generation of Homebuyers

The latest study from the National Association of Realtors finds that millennials are no longer the largest generation of homebuyers, and have been overtaken by baby boomers.

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