Existing-home sales drop in November as median prices inch up
Sales of existing homes in November fell 7.7% to a seasonally adjusted annual rate of 4.09M, according to data released Wednesday by the National Association of Realtors
by Ben Verde Dec 21
Two wolves fighting
The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America
by Andrea V. Brambila Dec 16
Top lenders
Turner is a former entrepreneur in residence for NAR venture capital arm Second Century Ventures and a co-founder of Realtor association management platform Tangilla
by Andrea V. Brambila Dec 14
The PLS to Supreme Court: Deny NAR petition in pocket listing suit
In a new brief, the former pocket listing service argues NAR limited competition to its Realtor-affiliated MLSs 'by conspiring to destroy the livelihood of any dissenting real estate agent'
by Andrea V. Brambila Dec 12
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
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
by Jim Dalrymple II Dec 1
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
by Andrea V. Brambila Nov 30
NAR venture capital arm launches tech accelerator in Latin America
The launch marks the 1st time the accelerator, REACH, will accept applications from companies in a non-primarily English-speaking region. Real estate startups can apply through February
by Andrea V. Brambila Nov 29
NAR shuts down bid to end no-commingling rule, Zillow reveals
Zillow Senior Director of Broker Operations Matt Hendricks said the portal petitioned NAR to stop allowing MLSs to ban brokers from displaying MLS listings with non-MLS listings online
by Andrea V. Brambila Nov 23
Mortgage rates dropped faster this week than at any time in 40 years
The fall from 7.08% to 6.6% would save buyers approximately $100 a month on a median priced home, according to a report released Thursday from Redfin
by Taylor Anderson Nov 18
Existing-home sales slip for ninth-consecutive month in October
Sales of existing homes fell 5.9% to a seasonally adjusted rate of 4.43M — 28.4% lower than in October 2021, according to data released Friday by the National Association of Realtors
by Ben Verde Nov 18
NAR passes proposals to encourage MLS data sharing statewide
Aiming to compete with search portals, NAR will create a toolkit with resources, best practices and case studies that MLSs will be able to use if they choose to share listing data within a state
by Andrea V. Brambila Nov 18
NAR leaders must undergo sexual harassment, diversity training
The trade group's board of directors also passed policies on nepotism and on a process for removing National Association of Realtors officers
by Andrea V. Brambila Nov 17
'Panicked' sellers are turning to Opendoor later in the game: Exec
Opendoor Director of Strategic Partnership William Holmes said at Connect Now on Thursday that sellers are increasingly requesting offers from the iBuyer after listings hit the market
by Taylor Anderson Nov 17
NAR's new president to spearhead Realtor brand roadshow
A key initiative for the trade group's 2023 President Kenny Parcell is a 'member activation tour' that will stop or host events in every U.S. state over the next year
by Andrea V. Brambila Nov 16
NAR votes to end use of the term 'handicap' in Realtor Code of Ethics
The highest governing bodies of the National Association of Realtors have amended the Realtor Code of Ethics to replace references to 'handicap,' considered offensive by many, with 'disability'
by Andrea V. Brambila Nov 14
NAR incentives plan for MLSs, local Realtors goes back to drawing board
On Monday, the National Association of Realtors' board approved every proposal except one that would have created a program to incentivize local associations and Realtor-affiliated MLSs
by Andrea V. Brambila Nov 14
NAR chief economist expects price of office space and apartments to dip
Lawrence Yun expects employees to spend 25% to 35% less time in the office, keeping downward pressure on office rent. The multifamily sector also saw prices drop with high borrowing rates
by Taylor Anderson Nov 14
NAR chief economist predicts 'strong rebound' in 2024
Lawrence Yun said home prices will rise 1% and sales will dip 7% next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices next year
by Andrea V. Brambila Nov 14
Political analysts at NAR: 'The politics of our country is broken'
Karl Rove, deputy chief of staff to President George W. Bush, and April Ryan, the longest-serving Black female White House correspondent, spoke at NAR's Legislative and Political forum
by Andrea V. Brambila Nov 14
In an era of divisiveness, be the brand to trust
TheSkimm co-founders Danielle Weisberg and Carly Zakin took to the virtual stage at the National Association of Realtors' annual conference, NAR NXT, on Friday
by Andrea V. Brambila Nov 11
Annual home price gains fall to single digits in most markets: NAR
Annual home price growth fell from 14% in the second quarter to below 9%, according to the National Association of Realtors latest quarterly metro home price report, released Thursday
by Daniel Houston Nov 10
Tropical Storm Nicole plunges NAR conference guests into uncertainty
As Nicole carves its path, likely thousands of Realtors have had flights canceled and are unable to reschedule, waiting to see if their reservations hold or exploring travel alternatives
A misty forest
North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents
What to watch for at NAR's annual conference this week
NAR NXT in Orlando will feature sessions on fair housing, politics, market forecasts, MLS data-sharing and a proposed update to the Realtor Code of Ethics, among other topics
Share of first-time buyers plummets to lowest level since 1981: NAR
Rising home prices, mortgage rates and inflation cut the share of first-time buyers to 26% — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981
by Marian McPherson Nov 3
Pending home sales retreat 10.2%
Pending sales fell 10.2% between August and September, according to new data released Friday by the National Association of Realtors, 31% lower than they were during the same time last year
by Ben Verde Oct 28
Even in a topsy-turvy market, some agents are still drawing tons of bids
Even as home prices and rates hit record highs, it's still possible to attract multiple offers when a property stands out or it's priced to sell. 'We priced it right — right away,' one agent told Inman
by Ben Verde Oct 28
Widow sues Compass for alleged abuse in pocket listing sale
The lawsuit alleges Compass agent Cory Cooper pressured an elderly homeowner to sell her property off the multiple listing service to a real estate investor he knew
by Andrea V. Brambila Oct 27
Level up! Grow your skills this fall with designations and certifications
Opinion
If you are looking to niche down your business and learn to be an expert, there is a designation or certification out there to help support your education
by Rachael Hite Oct 21
Judge orders Zillow to give REX FSBO listing data
Federal court in Seattle grants discount brokerage's motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general
by Andrea V. Brambila Oct 20
California Association of Realtors apologizes for racist past policies
'The Association was wrong.' The trade group says it's taking 'bold action' to address the legacy of discrimination that continues to impact access to housing today
by Andrea V. Brambila Oct 20
Rent-to-own startup Landis raises $40M from Google, Jay-Z and NAR
The new Series B funding will go toward boosting the company's homeownership coaching program, growing its team and expanding to new markets
by Andrea V. Brambila Oct 18
How much does a real estate agent make?
From the hours agents put in to the years of experience they have, several variables determine what kind of income agents can bring in any given year
by Lillian Dickerson Oct 14
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
Minneapolis Realtors apologize for racial discrimination in real estate
'Minneapolis Area Realtors apologizes to all members of the community who have been burdened, denied service, or ignored by our actions.' Trade group also releases policy changes
by Andrea V. Brambila Oct 12
Seeking clout, MLS trade group taps ex-DOJ and FTC antitrust lawyers
The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies
Court thwarts NAR, orders execs to turn over evidence in REX case
Brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies 'limiting both how homes are listed online and the negotiation of commissions'
Court orders Anywhere to hand over NAR commission rule documents
Judge M. Page Kelley noted the real estate holding company formerly known as Realogy allegedly perpetuated NAR and MLS PIN's 'substantively identical' buyer broker commission rules
'Don't wait until the plane crashes': Lawyers offer grim antitrust update
Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 30
Presale home renovation startup Revive wins NAR 'Pitch Battle'
Revive takes home the $15,000 cash prize from a contest hosted by NAR’s for-profit investment subsidiary Second Century Ventures. It was one of 12 startups to compete in the contest
by Andrea V. Brambila Sep 30
What haunts MLS leaders? Politics, commissions and their own demise
At the Council of Multiple Listing Services' annual conference, CEOs discussed being ready for the possible death of the commission structure and why MLSs should be run as businesses
by Andrea V. Brambila Sep 30
A man splitting a log
Denee Evans, Art Carter and Errol Samuelson lay out a vision of the MLS as the ultimate real estate data source at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 29
NAR asks US Supreme Court to overturn pocket listing ruling
An appeals court allowed The PLS's case against the Clear Cooperation Policy to proceed in April, but NAR hopes a review from the nation's highest court will change that
by Andrea V. Brambila Sep 29
REX seeks court order for Zillow listing data on FSBOs
Court sets new trial date for June 5, 2023, as the legal battle over the National Association of Realtors' no-commingling rule continues
by Andrea V. Brambila Sep 28
Pending home sales fell for the third-straight month in August
Pending home sales dropped 2 percent between July and August, with 3 out of the 4 major regions in the United States experiencing monthly declines, according to new data from NAR
by Ben Verde Sep 28
Judge 'baffled' why Anywhere won't give up NAR commission rule docs
Judge M. Page Kelley pushed back against the real estate holding company formerly known as Realogy, noting that NAR's broker commission rule is 'virtually identical' to that of MLS PIN
by Andrea V. Brambila Sep 26
LGBTQ+ Real Estate Alliance calls on RPAC to adopt 'Article 10 Rule'
In the wake of Florida Realtors' support of anti-LGBTQ Gov. Ron DeSantis, the LGBTQ+ Real Estate Alliance has called on NAR and RPAC to evaluate political candidates' credibility
by Marian McPherson Sep 23
Court orders REX to give Zillow list of employees who kept laptops
Zillow had emphasized that the information contained on the laptops of REX's former employees could potentially point to other reasons for REX's downfall unrelated to Zillow or NAR
by Andrea V. Brambila Sep 21
Realtor associations gave nearly 21% more to charity in 2021
NAR report highlights donations and volunteer hours to community nonprofits and Realtor associations. In 2021, Realtor associations donated a median of $12,070 to community nonprofits
by Andrea V. Brambila Sep 20
Anywhere fights sellers' bid to give up docs on NAR commission rule
Federal court will hold oral arguments later this month on whether franchisor's implementation of the policy nationwide is relevant to homesellers' case in the MLS PIN service area
by Andrea V. Brambila Sep 14
These 12 startups will go head-to-head at NAR's 'Pitch Battle'
Contestants offer tools for virtual agent coaching, real estate investing, floor plans, inspections, property co-ownership, secure document storage, rentals, home renovation and agent finances
by Andrea V. Brambila Sep 13
After 2 years of hikes, rental market may be bound for 'complete reversal'
Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests
by Taylor Anderson Sep 13
An umpire waving a flag
An antitrust case filed by Arizona broker Grady Hillis is now dead. The National Association of Realtors insisted the lawsuit was 'frivolous,' 'meritless' and 'recklessly thrown together'
Zillow to REX: Let's unite against NAR's 'no-commingling rule'
Legal battle of wills rages on as the 3 parties have motions to compel pending before the court. On Tuesday, REX pushed back against Zillow’s motion to compel, calling it a 'fishing expedition'
MLS-listed homes sell for more, a new study claims. But there's 1 twist
Critics raise issues over conclusion that listing homes on the MLS is what caused higher sales prices and faster transactions, especially if NAR rules mean MLSs have a thumb on the scale
by Andrea V. Brambila Aug 31
What is 'Barbiecore'? Design trend pretty in pink as 'Barbie' flick nears
The design trend of the moment includes — you guessed it — lots of pink, frills, vintage finds, florals, curvy furnishings and beds evocative of clouds. Barbie wouldn't have it any other way
by Lillian Dickerson Aug 26
Colorado MLS first to rescind controversial listing display rule
After nearly 2 decades, REcolorado has eliminated NAR's optional no-commingling rule, which is the subject of an antitrust lawsuit
by Andrea V. Brambila Aug 25
Zillow seeks court order over REX laptops allegedly kept as 'severance'
On Friday, Zillow filed a motion to compel REX to identify employees who left the discount brokerage with laptops that could hold evidence relevant to an ongoing antitrust lawsuit
by Andrea V. Brambila Aug 25
WATCH: How will buyer's agents make money if the DOJ wins?
The ongoing lawsuits and investigation into US industry practices could alter how buyer's agents make money on the typical home sale, panelists said earlier this month at Inman Connect
by Daniel Houston Aug 25
Pending home sales post modest decline in July after a rocky June
Pending transactions were down 19.9% year over year, but just 1% month over month, according to data released Wednesday by the National Association of Realtors
by Ben Verde Aug 24
Revive Real Estate hires former NAR incubator executive
Real estate venture capitalist Kia Nejatian joins the renovation startup as the company anticipates growth in a buyer's market
by Andrea V. Brambila Aug 23
Florida Realtors and landlords team up to fight rent control, file lawsuit
The proposed ordinance in Tampa threatens landlords with jail time if they raise rent more than 5% a year. Landlords and Realtors vow to fight back seeking to block a cap on rent hikes
by Taylor Anderson Aug 19
International buyers are back — and they're eyeing secondary markets
Just as US homebuyers did 2 years earlier, luxury international buyers are rushing to secondary cities with investment potential, including Austin, Boise and... Bentonville, Arkansas?
by Lillian Dickerson Aug 19
Agent charged in Capitol attack gets 30 days in jail, probation
John MacMillan Cameron, of Port Orchard, Washington, pleaded guilty to a misdemeanor and admitted his participation in the riot as part of a plea agreement, according to court documents
by Andrea V. Brambila Aug 17
Plaintiffs end suit accusing companies of defrauding agents
Former sales reps drop claims that Move, its parent company News Corp. and the National Association of Realtors discriminated against them and used them to lie to agents
by Andrea V. Brambila Aug 17
Home price growth is scaling back, but not everywhere at once: NAR
Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in Q2, but overall numbers point to a housing market in opening stages of a cooldown, report says
by Daniel Houston Aug 11
Real (Estate) Talk: Is this overzealous charity work or rightful amends by NAR?
Opinion
Historical inequities in the real estate industry created harm, and we have a collective responsibility to make it right, or at least better
by Lee Davenport Aug 9
Realtor income rose by double digits in 2021: NAR
The trade association's 2022 report finds that the median gross income for Realtors overall grew 25.3% last year, but the increase was smaller for sales agents
by Andrea V. Brambila Jul 28
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
by Andrea V. Brambila Jul 28
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
by Andrea V. Brambila Jul 27
Pending home sales take nosedive in June, signaling a bleak August
Pending home sales dropped 8.6% in June, suggesting a drop in home closings just around the corner, according to figures released Wednesday by the National Association of Realtors
by Ben Verde Jul 27
Northwest MLS eliminates broker commission sharing as default
Effective Oct. 3, NWMLS's forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid
by Andrea V. Brambila Jul 22
Anti-LGBTQ Missoula pastor takes fight from court to state senate
Pastor and Realtor Brandon Huber lost his religious discrimination suit against the NAR and the Montana Organization of Realtors. Now he's working to dismantle NAR's hate speech provision
by Marian McPherson Jul 21
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
by Taylor Anderson Jul 20
The international buyer pool dropped to a new low last year
Foreign buyers, either noncitizens living in the US or those with permanent homes outside the country, scooped up 98,600 existing homes between April 2021 and March 2022, NAR reports
by Taylor Anderson Jul 20
Home sales fall for 5th month as median prices hit record high
Sales of existing homes ticked down 5.4% between May and June, falling 14.2% from a year ago, as median prices rose to $416,000, according to the National Association of Realtors
by Ben Verde Jul 20
New MLS company will sell data, pay brokers for their listings
REdistribute, a joint venture formed by California Regional MLS and Bright MLS, plans to deliver aggregated MLS data to financial institutions starting in 2023
by Andrea V. Brambila Jul 14
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
by Jim Dalrymple II Jul 9
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
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
It's baaack! Homebuyer commission suit against NAR rises from ashes
On Wednesday, 8 homebuyers filed an amended complaint, once thought to be dead, against NAR, Realogy, Keller Williams and others alleging NAR rules have inflated agent commissions
'Longstanding conspiracy': Why the bombshell commission suit matters
Millions of homesellers across the country may be able to seek billions in damages for commissions they paid to buyer agents between 2015 and 2020. Here's why it matters
'Radical' and 'doomed': The case against the 'bombshell' Moehrl suit
The real estate establishment's latest salvo against the so-called 'bombshell' buyers' agent case is a sprawling, 3,000-page argument against granting class-action status in the Moehrl federal suit
LGBTQ+ Real Estate Alliance blasts NAR for supporting Anti-LGBTQ candidates
In a 3-page letter on Wednesday the LGBTQ+ Real Estate Alliance called out the Realtor Political Action Committee for supporting anti-LGBTQ candidates as NAR lobbies for LGBTQ rights
by Marian McPherson Jun 30
Pending home sales climb in May following 6 months of declines
But the modest 0.7% increase shouldn't discount clear evidence of a transition spurred by high prices and mortgage rates, according to new data from the National Association of Realtors
by Ben Verde Jun 27
Industry vet Melissa Kwan's latest company to power REACH class
'I’m particularly excited to partner with REACH to help their portfolio companies solve the exact problem that eWebinar was created to solve,' said eWebinar cofounder, former Spacio CEO, Kwan
by Craig C. Rowe Jun 22
US existing-home sales prices tally new record after topping $400K
Total sales of existing homes, condos and co-ops dropped 3.4% between April and May to a seasonally adjusted rate of 5.4M, according to new data from the National Association of Realtors
by Ben Verde Jun 21
How to convert leads so you’re eligible for exclusive lead networks
Many agents are searching for leads to bump themselves out of a summer sales slump. Not just any agent can qualify for exclusive leads where conversion metrics matter, but here are a few tips to give yourself a leg up
by Chris Heller Jun 14
Appeals court rejects NAR class certification challenge in lawsuit
The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023
Real estate agents received billions in PPP loans during the pandemic
More than $3.9B in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80% of that amount was forgiven
by Daniel Houston Jun 6
The labor shortage is real. But its impact on real estate will surprise you
The latest jobless numbers show US unemployment is holding steady at a very low 3.6%. In real estate, this situation may offer a slight counter trend to rising rates and inflation
by Jim Dalrymple II Jun 6
KW demands REX turn over audio recordings in commission suit
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case
The Real Word on real estate-related reality TV
Opinion
This week, Byron Lazine and Nicole White discuss real estate-based reality shows, Google searches for 'housing bubble' and NAR spending
by Byron Lazine May 31
'Not with a bang but a whimper': Why REX 'shuttering' doesn't really matter
Opinion
During its tenure, REX made a lot of noise in court, but not so much in the marketplace. Now, as they appear to have bowed out of the fight, at least in part, Jay Thompson is left wondering what all of the fuss was about
by Jay Thompson May 31
Pending home sales hits slowest pace in nearly 10 years
Pending home sales dropped 3.9% from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR
by Lillian Dickerson May 26
The shift has begun — but rate hikes won't be housing's Achilles' heel
Experts told Inman they expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market
by Jim Dalrymple II May 26
REX pivots to single-family rental market as its Hail Mary
Two weeks after reports of mass layoffs and office closures, REX eyes serving institutional buyers in the single-family rental market
by Marian McPherson May 25
New home sales hit 2-year low, falling well short of expectations
New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5%, according to Census Bureau data
by Lillian Dickerson May 24
Google searches for 'housing bubble' have been spiking since March
Google Trends experienced a spike in searches for the term 'housing bubble' earlier this spring, and it hasn't fully returned to normal levels, hinting that the topic is at least on a lot of minds
by Jim Dalrymple II May 23
Realtors to push for required fair housing training nationwide
Earlier this month, NAR's board of directors passed policies that touched on property reforms, fair lending enforcement and fair housing education for all real estate licensees, not just Realtors
by Andrea V. Brambila May 20
NAR rebrands annual event to 'NXT,' boosts spending to make it 'iconic'
The 1.5 million-member trade group said it decided to overhaul its annual Realtors Conference & Expo after more than 2 years of analysis and research
by Andrea V. Brambila May 20
Insurance agency says REX is still operating, adding new wrinkle
PIUS CEO tells Inman the company is operating 'on a smaller scale,' but a former REX agent insists those operations no longer include handling real estate transactions
by Andrea V. Brambila May 19
Existing-home sales dip for third month as buyers say 'No thanks'
Existing-home sales decreased by 2.4% from March and 5.9% from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors
by Lillian Dickerson May 19
NAR, franchisors face long odds in effort to appeal class action status
NAR and co-defendants Realogy, Keller Williams, RE/MAX and HomeServices of America are asking a higher court to let them appeal a decision to make a commission suit a class action
by Andrea V. Brambila May 18
REX hires lawyer-to-the-stars David Boies to carry on battle with Zillow
Boies, who has represented Al Gore, Harvey Weinstein and failed medical startup Theranos, told Inman he took the case because it's 'important to enhancing competition in housing markets'
by Jim Dalrymple II May 16
How is NAR spending your money? The Real Word
Opinion
This week, Byron Lazine and Nicole White discuss NAR spending and executive compensation plus ShowingTime's Offer Manager
by Byron Lazine May 13
REX abandons antitrust case against Oregon rebate ban
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
by Andrea V. Brambila May 12
Brokerages push back on NAR ad campaign targeting 'competitors'
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it's competing with for consumer mindshare
by Andrea V. Brambila May 12
Demise of discount brokerage REX may be imminent, reports indicate
REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue
by Andrea V. Brambila May 11
Ukrainian Realtors appeal to NAR: 'I beg you not to forget my country'
Trade group raises more than $20K in three hours for Ukraine relief, on top of $100K in donations from Second Century Ventures and Louisiana Realtors
by Andrea V. Brambila May 10
'Much needed' or 'Ridiculous'? Realtors sound off on NAR fee hike
Paying $10 more for the trade group's consumer ad campaign has agents and brokers reevaluating what they're getting for their NAR membership
by Andrea V. Brambila May 10
Get off the burnout rollercoaster! How to reduce stress in real estate
Opinion
No need to fear and loathe the stress in your life. Coach Darryl Davis offers ways to reenergize and empower yourself to achieve more with less stress
by Darryl Davis May 9
Cryptocurrency dollar bill Benjamin Franklin
A presidential advisory group of Realtors and staff will probe the impact of digital money in the real estate industry, with a potential eye toward completely digitizing the transaction process
Realtors get inside look at Capitol Hill politics, including Roe v. Wade
At the NAR midyear conference, journalists Anna Palmer and Jake Sherman answered Realtor questions on abortion, Trump, Biden, the Capitol attack and the upcoming midterm elections
Yes, we can change how commissions are paid
Opinion
Rules can and should be changed starting with the way buyer’s agents are paid. Trying to preserve the system at all costs doesn’t make sense
by Teresa Boardman May 4
Judge halts commission-sharing case alleging inflated buyer costs
Unlike 2 federal cases that claim seller costs are inflated by commission sharing, New Jersey homebuyer's lawsuit argued that buyers are the ones unfairly impacted
Secondary markets drove home price growth in Q1: NAR
The National Association of Realtors' latest quarterly housing market report revealed buyers' search for cheaper housing led booming home price growth in Florida and other smaller markets
by Marian McPherson May 3
'Caste' author: Sordid history of unfair housing cannot be left as-is
Author Isabel Wilkerson urged NAR midyear attendees at the Realtors Legislative Meeting to roll up their sleeves and fix the consequences of past racist policies without guilt, shame or blame
NAR debuts implicit bias training at midyear conference
Bias Override is a 3-hour course that identifies ways to prevent unconscious bias from influencing behavior. NAR doesn't require fair housing training, but that may change this week
NAR heads into midyear gathering while under siege on multiple fronts
The National Association of Realtors, which boasts 1.5M members, will tackle real estate's hottest topics a week after suffering a series of legal setbacks in court. Here's a breakdown of the agenda
by Jim Dalrymple II May 2
This class action lawsuit threatens all Realtors: The Real Word
Opinion
This week: Byron Lazine and Nicole White discussed a decision in the bombshell class action lawsuit against NAR and Realogy, Zillow's revised forecast and Ryan Serhant's branding advice from ICNY
by Byron Lazine Apr 29
'Writing is on the wall': Court tosses NAR counterclaim against REX
Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group's reputation with its own members and consumers
by Andrea V. Brambila Apr 28
A reverse arrow on a street
Three-judge panel concludes trade group must face allegations that the Clear Cooperation Policy was part of a group boycott to prevent The PLS from competing with multiple listing services
by Andrea V. Brambila Apr 27
Pending home sales keep falling as market conditions 'normalize': NAR
Pending home sales dipped for the 5th straight month in March, with the Pending Home Sales Index dropping 1.2% from February to 103.7, according to the National Association of Realtors
by Lillian Dickerson Apr 27
New home sales hit 4-month low
New home sales took an 8.6% hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, according to new data released Tuesday
by Lillian Dickerson Apr 26
Federal commission suit now a class action; NAR, Realogy vow to appeal
Days after oral arguments, a judge Friday granted class certification in 1 of 2 federal commission suits that could rock the real estate industry and impact how agents are compensated nationwide
by Andrea V. Brambila Apr 25
Existing-home sales drop for second month as buyer demand stalls
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors
by Lillian Dickerson Apr 20
Gary Keller singled out as 'head of conspiracy' as federal commission lawsuit accelerates
As oral arguments began Monday in the Sitzer federal commission case, plaintiffs questioned the role of buyer agents, what a world without NAR's commission policy would look like, and why they believe Keller is leading an antitrust conspiracy
by Andrea V. Brambila Apr 19
Inman Connect turns 25: The top 20 moments of real estate's best bash
The event has come a long way since its beginnings in the woods of Sonoma County, California
by Andrea V. Brambila Apr 18
Florida agent arrested after alleged hate crime caught on video
Licensed real estate agent Victor Dubauskas, 72, was arrested on assault and battery charges after he allegedly poured his beer on and threw a beer bottle at a Muslim man
by Andrea V. Brambila Apr 15
Former BoxBrownie director to lead NAR tech accelerator in Australia
Peter Schravemade will serve as managing partner of REACH Australia, a program run by the National Association of Realtors' Second Century Ventures
by Jim Dalrymple II Apr 14
Discrimination second only to high prices as biggest obstacle to buying
The National Association of Realtors latest consumer survey revealed affordability is the main thing plaguing homebuyers, followed by discrimination, mortgage access and agent performance
by Marian McPherson Apr 14
Professional etiquette today? Real estate pros sound off
Manners have changed in recent years, accelerated by COVID and pandemic shutdowns. We asked you: What are the rules of behavior that have gone by the wayside, and what are the new rules that may not have been formalized yet?
by Christy Murdock Apr 13
Should home floor plans be copyrighted intellectual property?
In a brief filed late last week, NAR suggested an ongoing lawsuit waged by Designworks Homes could lead to lawsuits 'against homeowners who make or display floor plans of their own homes'
by Jim Dalrymple II Apr 12
National Association of Realtors names new political head
Jon Waclawski will lead the National Association of Realtors' efforts to influence policy on the federal, state and local level as the group's vice president of political advocacy
by Ben Verde Apr 7
The 10 remodeling projects that bring homeowners joy — and cash
Hardwood floors, upgraded insulation and closet renovations brought satisfaction and the most bang for the buck, according to NAR and the National Association of the Remodeling Industry
NAR tech accelerator accepts 8 residential real estate startups
Perchwell, Fractional, Inspectify, Courted, Place, Reggora, Revive and Courted to get education, mentorship and networking opportunities in exchange for marketing fee and small equity stake
A comprehensive guide to finding inventory in today's market
Here, Inman has created an extensive resource for ways to find inventory — from old-school methods to more creative approaches — when it seems like there's nothing left on the shelves
by Lillian Dickerson Mar 30
As homebuyers pine for options, startups scramble to fill the void
A new class of tech company is responding to the home inventory shortage by taking sellers to the edge of the MLS — and sometimes beyond — with off-market appeals and more
by Daniel Houston Mar 29
Pending home sales dip for 4th consecutive month
Pending home sales decreased 4.1% in February from the previous month, and were down 5.4% from the same period last year
by Ben Verde Mar 25
Millennials glow up: Tech savvy age group nears 50% share of US buyers
In 2021, millennials made up the largest share of buyers at 43%, up from 37% in 2020, according to the National Association of Realtors' Home Buyers and Sellers Generational Trends Report
by Andrea V. Brambila Mar 23
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Rent rose sharply, but it didn’t keep up with the rapid increase in the price of a monthly mortgage, according to a Redfin report released Monday
by Taylor Anderson Mar 21
Bad bosses? 5 rotten apple red flags and what to do next
Opinion
Agents are supposed to be able to look up to their brokers and leadership team for professional guidance. However, what do you do when the ones in charge are the problems?
by Christy Murdock Mar 21
Whistleblower alleges Realtor group 'extorted' agents for political gain
A lawsuit filed in San Diego County details how the Greater San Diego Association of Realtors allegedly tried to get its 20,000 members to contribute to NAR's political action committee
by Andrea V. Brambila Mar 18
Existing-home sales tick downward in February
Sales of existing homes fell to a seasonally adjusted rate of 6.02M, a 7.2% decrease from the previous month, according to data released Friday by the National Association of Realtors
by Ben Verde Mar 18
A man examining a contract closely
Former sales reps claim Move, parent company News Corp., and the National Association of Realtors discriminated against them and used them to lie to agents
by Andrea V. Brambila Mar 16
How to get involved in the real estate industry
Opinion
Volunteering for committee membership takes time. Attending meetings takes time. Simply applying takes time. It’s all time well spent
by Jay Thompson Mar 16
Top Augusta Realtor Venus Morris Griffin goes viral with story of abuse
Venus Morris Griffin is a top Realtor in Augusta, Georgia, and vice president of Meybohm Real Estate. This week, she made headlines for something that changed her world over a decade ago
'Mortgages in Russia will die': Agents in Moscow fear worst as Ukraine invasion intensifies
Western sanctions are driving up mortgage rates in Russia to previously unseen levels. Inman spoke with Russian-based real estate insiders about how decades of gains are slipping away
by Daniel Houston Mar 3
NAR asks court to scrap broker's suit over listing agent omission
Trade group calls out broker Grady Hillis of Arizona for 'repetitive and confusing allegations' in nearly 1,300-page amended complaint, which seeks $1.18B in punitive damages
Pending home sales dip amid anticipated 'retreat' in demand
The number of homes that went pending in January, a leading indicator of future sales, fell 9.5% year over year, according to data released Friday by the National Association of Realtors
by Daniel Houston Feb 25
A little girl on a phone and computer
Trade groups in Austin, Denver, Miami and Northern Virginia are holding quarterly events to present Realtors with innovative technology from their local market
by Andrea V. Brambila Feb 25
AREAA President: NAR report outlines 'double trouble' in housing market affordability
Opinion
NAR's '“Double Trouble' report examines affordability with a focus on ethnicity and annual household income. It shows how these issues disproportionately impact Black, Hispanic and Asian communities
by Tim Hur Feb 25
'We're not the pocket listing guys anymore': The PLS is now The NLS
The National Listing Service wants to help agents compete with big portals such as Zillow, Realtor.com and Redfin for control of their lead generation
by Andrea V. Brambila Feb 24
REX asks court to toss NAR countersuit on First Amendment grounds
The discount brokerage filed paperwork in a federal district court in Seattle that argues its opinions challenging the legality of the National Association of Realtors' rules are protected speech
by Andrea V. Brambila Feb 23
Sotheby's notches $204B in global sales volume in 2021
The luxury brand blew its previously held global sales volume record out of the water, increasing by 36 percent year over year to $204 billion
by Lillian Dickerson Feb 22
Existing-home sales tally surprise January surge as inventory shrinks
Sales of existing homes rose to a seasonally adjusted rate of 6.5M, an increase of 6.5% from December, according to sales data for January from the National Association of Realtors
by Ben Verde Feb 18
How to become an inclusive Realtor: NAR certifications, designations, resources
Not sure how to grow your knowledge and familiarize yourself with contemporary perspectives? These courses are a great place to start
by Christy Murdock Feb 16
NAR files motion to dismiss Missoula LGBTQ hate speech case
The National Association of Realtors has asked a Montana District Court to dismiss Realtor and pastor Brandon Huber's suit against the association for alleged religious discrimination
by Marian McPherson Feb 11
News Quiz: Do you know the biggest stories for the week of Feb. 6?
Keller Williams, eXp Realty, Opendoor and Zillow all made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry in February
by Inman Feb 11
Home price growth eased up in Q4 but not enough to help buyers: NAR
Although the annual median home price growth slowed from 15.9% in Q3 2021 to 14.6% in Q4, homebuyers still struggled under the weight of booming sales prices, according to NAR Q4 data
by Marian McPherson Feb 10
NAR ad campaign stresses difference between Realtors, agents
The campaign rollout includes TV and radio commercials emphasizing that Realtors work 'at a higher standard' than agents who are not Realtors
On Google, 'real estate agent' is the job most Americans really want
In 2021, the most popular 'how to become' search on Google was for 'real estate agent,' strongly suggesting a tidal wave of new agents may soon be coming to a housing market near you
Everything you need to know about Realtor.com's relationship with the National Association of Realtors
Realtor.com is the official listing site of the 1.5 million-member National Association of Realtors. In November 2014, News Corp. acquired its parent company, Move, with NAR's blessing
Location, location, location: Real estate will continue to be an antitrust hotspot in 2022
Opinion
With billions in commissions at stake, all three branches of government are focused on the real estate industry. Here are the legal wranglings at the heart of their scrutiny
by Dylan Carson AND Alicia Batts Feb 2
lightbulbs on blue background
The discount brokerage is now a member of 6 multiple listing services, but says it's still avoiding 'traditional' agent fees by offering a low commission when it submits listings
NAR countersues REX Real Estate, alleges harm from 'campaign of lies'
Real estate trade organization hits back at discount brokerage's claims regarding its own business model and inflated real estate commissions
Getting started as a real estate agent: 102 tips from top Realtors
Inman reached out to more than a hundred of the country's top-performing Realtors and asked them what they would say to a real estate agent just starting out in 2023. These are their answers
News Quiz: Do you know the biggest stories for the week of Jan. 23?
Million Dollar Listing, a crime family and Move Inc. CEO David Doctorow made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry
by Inman Jan 28