Three Months in, NAR Settlement’s Opportunities Come into Focus
After the commission settlements landed, some thought the buyer’s agent was an endangered species. But while they must change, experts say, it’s not the whole story.
NAR Profile of Homebuyers and Sellers Illustrates Affordability Issues
The number of first-time homebuyers dropped to the lowest historical share since NAR data collection began in 1981.
New Agent Commission Rules Could Spark Confusion
Industry leaders are hoping for the best but bracing for the worst, and say it could take years to sort out real estate agent compensation issues as new rules take effect this week.
NAR Settles Commission Lawsuits
The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.
NAR Prez in Boston: Agents Must ‘Adapt’ on Commissions
Speaking at a Lamacchia Realty conference in Boston Feb. 1, the new president of the National Association of Realtors declared that the traditional rules of agent commissions are “going to change” in the wake of a $1.78 billion lawsuit.
Anywhere, RE/MAX to Let Agents Leave NAR
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.
Redfin Says It Will Leave NAR
Amid fallout from a sexual harassment scandal at the very top of the National Association of Realtors and court cases that look set to force changes in buyer-broker compensation, one of the nation’s largest brokerages says it will require “many” of its agents to leave the group.
Mass. Brokerage Leaders Respond to NAR Harassment Investigation
Two prominent Massachusetts real estate industry leaders are speaking out in the wake of explosive allegations against 2023 National Association of Realtors President Kenny Parcell.
NAR President Quits After Explosive Sexual Harassment Investigation
Kenny Parcell has resigned his post after 19 NAR staffers and members accused him of sexual harassment in an investigation published Saturday.
NAR Economist Blasts Fed’s Latest Rate Hike
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive.
NAR’s Yun Predicts Stable Home Prices in ’23
Count the top forecaster at the nation’s biggest real estate trade group among the optimists when analyzing the looming 2023 housing market.
NAR’s Yun Predicts No Major Drop in Home Prices
Speaking at a National Association of Realtors conference in Florida last week, association Chief Economist Lawrence Yun says American home prices aren’t likely to drop by significant amounts despite the big drops in demand.
Homebuyers Are Older Than Ever, Mostly Repeat Buyers
America’s homebuyers are older than ever, whiter than in previous years and a higher-than-ever share are repeat buyers according to NAR’s latest Profile of Home Buyers and Sellers.
Homebuilder Confidence Keeps Slipping Despite Housing Starts Bounce
A bump in construction of new single-family homes last month didn’t help homebuilders feel any better about their business prospects
Institutional Investors Are Buying Mass. Houses, but Where?
With home prices spiraling upwards and stories about the growing single-family rental industry percolating in local and national media alike, concern is rising about the impact institutional investors might be having on the housing market.
Millennials Now Dominate Buyer Pool, Report Finds
Millennials now make up the largest segment of American homebuyers, new research from the National Association of Realtors has concluded.
State’s Racial Homeownership Gap Persists Despite Record Buying
Massachusetts’ Black households appear to have been left behind by a record jump in the nation’s homeownership rate, a new study by the National Association of Realtors has found, and the soaring price of homes is likely to blame.
Fannie Mae: Young Homebuyers Most Pessimistic in a Decade
A record low 25 percent of respondents in Fannie Mae’s latest monthly Home Purchase Sentiment Index survey said it was a good time to buy a home.
Will Inflation Hurt Spring Demand for Homes? One Survey Says Yes
Inflation is the big story in the American economy right now, but experts have been divided on its ultimate impact on the housing market.
Greater Boston Monthly Rent, Mortgage Payments Hit Parity
With the rental market strengthening in Greater Boston, the median monthly rent and the monthly mortgage payment on the median newly-bought home are nearly equal, according to a National Association of Realtors analysis.
