Cold winter looms as pending home sales fall for 6th-consecutive month

The number of homes that went under contract in November dropped by another 4 percent, signaling a slow winter, according to data released Wednesday from the National Association of Realtors. Continue reading

The 2023 housing market: A real estate ‘reckoning is at hand’

Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won’t change much while mortgage interest rates will continue to dip. Continue reading

Court deals blow to NAR, KW, Anywhere in commission suit

The judge denied requests filed by NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America, allowing the Sitzer/Burnett case to continue toward a new October trial date. Continue reading

Outdated MLS policy hides thousands of homes for sale

Where MLSs ban commingling, brokerage websites either can’t display non-MLS listings or must hide this inventory behind filters and log-in walls. Redfin’s Joe Rath offers an argument in favor of allowing brokerages to display all of the options. Continue reading

NAR and Anywhere clash over commission class action trial

The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America. Continue reading

The PLS to Supreme Court: Deny NAR petition in pocket listing suit

In a new brief, the former pocket listing service argues that NAR limited competition to its Realtor-affiliated MLSs “by conspiring to destroy the livelihood of any dissenting real estate agent.” Continue reading

RentSpree, C.A.R. to offer rental management courses for agents

RentSpree and the California Association of Realtors — the state’s largest real estate trade group — are set to offer three classes to agents interested in earning a certificate in rental management. Continue reading

Calling all startups: NAR’s tech accelerator is taking applications

The National Association of Realtors’ venture capital arm Second Century Ventures runs REACH, which debuted in 2012 and has invested in more than 200 startups over the years. Continue reading

Pending sales fell in October for the fifth month in a row

Rising rates and nervous consumers have set up the housing market for its “slowest fourth quarter in a decade,” according to one economist. Continue reading

Local association’s revenue bump funds national ad campaign

Broward, Palm Beaches and St. Lucie Realtors’ “Only a Realtor” commercials are a “local contribution to creating a national movement,” the association says. Continue reading