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

Vanguard Properties promotes industry leader to executive role

Nina Dosanjh has worked in real estate for 12 years. She acts as treasurer for the San Francisco Association of Realtors and was named among Inman’s Real Estate Influencers of 2017. Continue reading

The international buyer pool dropped to a new low last year

Foreign buyers, either noncitizens living in the U.S. or those with permanent homes outside the country, scooped up 98,600 existing homes between April 2021 and March 2022, NAR reports. 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

NAR inks deal with Rental Beast offering agents access to technology

In addition to the software’s application and screening capabilities, members will leverage courses within the technology provider’s educational component, Rental Beast University. Continue reading

New MLS company will sell data, pay brokers for their listings

REdistribute, formed by California Regional MLS and Bright MLS, is a joint venture that plans to deliver aggregated MLS data to financial institutions starting in 2023. Continue reading

Everything you need to know about the bombshell commission lawsuits

A slew of lawsuits may radically change how agents get paid and real estate generally. Here’s Inman’s deep dive into what’s going on and what it all means. Continue reading

More than 700 agent steering calls suggest price-fixing, lawyers charge

In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX. Continue reading

4 commission charts that explain both sides of the Moehrl conflict

The homeseller plaintiffs hope to show the need for change in how agents are paid, while NAR and major real estate franchisors aim to show the status quo is working just fine. Continue reading