Real (Estate) Talk: Is this overzealous charity work or rightful amends by NAR?

Historical inequities in the real estate industry created harm, according to author and trainer Lee Davenport. As Realtors, we have a collective responsibility to make things right, or at least better. Continue reading

Home sales should be falling but not this fast. Here are 3 things to watch

Homebuying power has been in decline, but the market fundamentals remain as strong as they were in 2019. Here is some advice from First American Chief Economist Mark Fleming. Continue reading

Realtor income rose by double digits in 2021, says NAR’s Member Profile

The trade association’s 2022 report finds that the median gross income for Realtors overall grew 25.3 percent last year, but the increase was smaller for sales agents Continue reading

NAR chief economist: Don’t expect big changes in mortgage rates

Speaking at NAR’s Real Estate Forecast Summit on Wednesday, Chief Economist Lawrence Yun said “inventory is turning” and the housing market is heading back toward a pre-COVID normal. Continue reading

Commission study paid for by HomeServices comes under fire

The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it’s based on a faulty premise. Continue reading

Pending home sales take nosedive in June, signaling a bleak August

Pending home sales dropped 8.6 percent in June, suggesting a drop in home closings just around the corner, according to figures released Wednesday by the National Association of Realtors. Continue reading

After discrimination reveal, LIBOR to tackle fair housing on Long Island

The Realtor organization’s new campaign comes after a sweeping investigation in which journalists found endemic discrimination among Long Island’s real estate community. Continue reading

Anti-LGBTQ Missoula pastor takes fight from court to state senate

Pastor and Realtor Brandon Huber lost his religious discrimination suit against the National Association of Realtors and the Montana Organization of Realtors. Now he’s teamed up with several Montana legislators to dismantle NAR’s hate speech provision … Continue reading

Home sales fall for 5th month as median prices hit record high

Sales of existing homes ticked down 5.4 percent between May and June, falling 14.2 percent from a year ago, as median prices rose to $416,000, according to the National Association of Realtors. Continue reading

Why super long mortgages won’t be a thing, and why that’s good news

Longer loans, including a 50-year concept recently floated in the U.K., are sometimes framed as a way to improve housing affordability. But the experts aren’t convinced. Continue reading