After brief dip, pending home sales bounce back stronger in October
The number of contract signings grew 7.5 percent from September to October, the National Association of Realtors reports
by Daniel Houston Nov 29
'Love letter' ban to see day in court as First Amendment comes into play
A first-in-the-nation Oregon law restricting love letters between buyers and sellers, set to begin in January, is being challenged in court by the conservative-leaning Pacific Legal Foundation
by Daniel Houston Nov 22
2021 on pace to tally biggest year in existing-home sales since 2006
Inventory across all housing types fell 0.8% from the month previous and 12% year over year to 1.25M units. Nonetheless, home sales are expected to exceed 6 million by the end of the year
by Lillian Dickerson Nov 22
Inman Top 5: The biggest stories of the week Nov. 12-19, 2021
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
by Inman Nov 19
5 ways NAR's annual conference changed the future of real estate
The trade group changed real estate listings nationwide, made buyer agent compensation more transparent, declared a divisive symbol discriminatory and turned the gender divide on its head
by Andrea V. Brambila Nov 19
Nation's largest MLS teases upcoming tech investments
California Regional MLS CEO Art Carter highlights broker discomfort after Zillow's acquisition of ShowingTime and Compass' acquisition of Glide
by Andrea V. Brambila Nov 18
3 agents per home: Is Daytona Beach the canary in the coal mine?
In September, approximately 2,200 agents licensed in the Florida beachside community of 70,000 were vying for just 674 listings. Is this the fate in store for the rest of the country?
by Daniel Houston Nov 18
5 reasons to be optimistic about the 2022 housing market
At the National Association of Realtors' national conference on Friday, NAR Chief Economist Lawrence Yun shared promising insights about 2022
by Marian McPherson Nov 18
NAR launches website to enlist Realtors in 'court of public opinion'
The National Association of Realtors' legal team says members can help the trade group fight its antitrust war while the association fends off the DOJ, REX and various commission lawsuits
by Andrea V. Brambila Nov 18
NAR's Oppler: The changes we agreed to with DOJ will take effect
Opinion
The changes adopted Monday are an example of how NAR works toward positive change in real estate, says immediate past president Charlie Oppler, and doing the right thing is a 'responsibility we take very seriously'
by Charlie Oppler Nov 17
NAR governance overhaul shifts power dynamic among top leaders
The trade group changed the composition and qualifications of its board of directors and Executive Committee with the aim of making itself more nimble, efficient, and transparent
by Andrea V. Brambila Nov 17
NAR's leadership team is majority-female for the first time ever
Leslie Rouda Smith follows in her father's footsteps as NAR's 2022 president as turnover within the group's leadership team veered toward women for the first time since its founding in 1908
by Andrea V. Brambila Nov 17
Claiming your services are 'free' is misleading — at best
Opinion
If proclaiming your services as free is the best way for you to get business, you might be in the wrong business
by Jay Thompson Nov 16
11+ takeaways from NAR’s Annual Conference
Opinion
From need-to-know statistics to predictions about the future, Bernice Ross recounts the most important takeaways from NAR's Realtors Conference & Expo. Here's what you need to know
by Bernice Ross Nov 16
Affordable housing axed from $1.2T infrastructure bill
President Biden signed the $1.2T infrastructure bill into law on Monday. However, billions of dollars for affordable housing didn't make it into the final draft
by Marian McPherson Nov 15
National Association of Realtors passes listing attribution policy
Three-quarters of the National Association of Realtors' directors voted to require display of listing broker contact information on agent and broker websites
by Andrea V. Brambila Nov 15
NAR approves display of buyer broker commissions
Two-thirds of the trade group's directors voted in favor of allowing brokers and agents to share buyer broker compensation on their websites
by Andrea V. Brambila Nov 15
Simone Biles to Realtors: 'You're more than your work'
At NAR's annual conference, the four-time Olympic gold medalist said 'it's OK to not be OK'
by Andrea V. Brambila Nov 15
Display of Confederate flag violates hate speech ethics policy: NAR
Professional Standards Committee passes case interpretation after intense debate
by Andrea V. Brambila Nov 15
NAR buyer broker commission policy moves ahead after close vote
After vigorous debate at the trade group's multiple listing service committee, the proposal heads to the National Association of Realtors' board of directors on Monday
by Andrea V. Brambila Nov 15
Listing agents dropped from NAR's controversial attribution proposal
A requirement to display listing firm contact information 'at least as prominently as any other contact information' was stricken from the proposal, which passed on Saturday
by Andrea V. Brambila Nov 15
NAR relies on the dictionary in its latest volley against the DOJ
Trade group contends the antitrust regulator never closed its previous investigations into NAR's pocket listing and buyer broker commission rules
by Andrea V. Brambila Nov 13
LeadingRE retracts support of NAR listing attribution proposal
After broker feedback, indie brokerage network says its updated stance is 'neutral'
by Andrea V. Brambila Nov 12
RE/MAX urges NAR to reject listing attribution proposal entirely
Real estate franchisor says giving the listing brokerage equal billing would cause consumer confusion
by Andrea V. Brambila Nov 11
Clients may peek online, but 9 in 10 still turn to an agent: survey
A recent survey of thousands of buyers and sellers found they overwhelmingly work with agents, even as their attitudes have shifted
by Daniel Houston Nov 11
Zillow, Realogy push for NAR listing agent attribution
Some MLSs are 'strongly opposed' to requiring the display of listing agents in addition to listing brokerages
by Andrea V. Brambila Nov 10
US sees 8th record-breaking month of high-speed sales
Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com shows
by Lillian Dickerson Nov 10
Home prices see double-digit price surge across almost 80% of metros in Q3: NAR
The median sales price of single-family existing homes increased in 99% of the 183 markets measured by the National Association of Realtors, while 78% of markets saw double-digit price gains
by Lillian Dickerson Nov 10
Home showings don't equal procuring cause. Here's why
Opinion
Read the arbitration manual. Review the questions on the arbitration worksheet. And please, stop proclaiming that simply showing a home entitles you to compensation. It doesn't work that way
by Jay Thompson Nov 9
Nation's largest MLS rebuts 'Zero DOM' pocket listing study
California Regional MLS CEO Art Carter told Inman that NAR's Clear Cooperation Policy has resulted in more listings being marketed on the multiple listing service, not fewer
What to expect at NAR's Realtors Conference & Expo this week
Olympic gymnast Simone Biles and former NFL quarterback Drew Brees to speak at Realtors Conference & Expo in San Diego, plus much, much more
Realtor's 'white skin' didn't keep her out of jail for Capitol riot after all
Texas-based broker Jenna Ryan, who claimed her 'blond hair' and 'white skin' would keep her out of jail, was sentenced to 60 days behind bars for her role in Jan. 6 insurrection
How agents use encrypted apps to scout off-market listings
Agents, investors and developers are taking to Telegram and Facebook's free, encrypted instant messaging and voice-over-IP service to network and find off-market listings
'Zero Days on Market': New study highlights controversial metric
While brokers see the study as reason to re-evaluate NAR's pocket listing policy, MLSs push back on the study's conclusions, pointing to a hot market. This is the 3rd in a 5-part series
How NAR and multiple listing services fail brokers
Greg Robertson and Victor Lund don't hold back on why obtaining MLS data should be easier and why the National Association of Realtors' policy should be enforced
Pocket listings are still around, but the off-market landscape is evolving
Two years after the National Association of Realtors approved the Clear Cooperation Policy, pocket listings are as strong as ever. This is Inman's first story in a 5-part series
by Jim Dalrymple II Nov 1
Pending home sales take a hit in September: NAR
Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said
by Lillian Dickerson Oct 28
Realogy's Q3 earnings defy expectations with $2.2B in revenue
Realogy reported a revenue increase of 15 percent year over year while recording a net income of $114 million, it was announced Thursday during an earnings call
by Lillian Dickerson Oct 28
NAR president to DOJ: Step up and honor the agreement
Opinion
In response to the Department of Justice hitting back against a petition from the National Association of Realtors, NAR president Charlie Oppler urged the DOJ to honor their agreement, calling for fair markets, fair housing and a fair chance for small businesses
by Charlie Oppler Oct 22
Existing-home sales rebound in September after August dip: NAR
Existing-home sales made a rebound in September following a dip in sales in August, NAR reported. All 4 major US regions saw an increase in sales from the previous month
by Lillian Dickerson Oct 21
DOJ to NAR: Increased competition could save consumers billions
In court filings, regulator says rules 'restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations'
by Andrea V. Brambila Oct 19
Buyer commissions in — lockboxes out — when NAR votes next month
The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won't consider change to lockbox policy
by Andrea V. Brambila Oct 15
Real-estate hiring outpaces other industries amid stale jobs report
Employers in real estate and residential construction grew workforces by 0.2% on a seasonally adjusted basis, according to Department of Labor survey out Friday
by Daniel Houston Oct 8
Commission rules, lockbox access chief among threats to industry
At Coldwell Banker's Gen Blue Experience event, Kalama Kim predicted that everything from a DOJ antitrust case to 'marginal agents' could soon upend the real estate industry
by Jim Dalrymple II Oct 6
'This is not a blip': Antitrust experts warn RE leaders to work with DOJ
The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, 'It's better to be part of the process ... than having the rules written for you'
REX: 'Outmoded' real estate rules 'struck a vein' with DOJ
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should 'shock the conscience' of anyone interested in equity in housing
Inman Top 5: The biggest stories of the week Sept. 25-30, 2021
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
by Inman Oct 1
Why REX pays buyer agents and uses MLSs — sometimes
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
REX CEO calls on NAR to repeal 'anti-consumer' rules at conference
In an open letter, Ryan alleges the National Association of Realtors' rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November
by Andrea V. Brambila Sep 30
Pending home sales beat projections following 2 months of declines: NAR
Pending home sales finally saw some positive growth in August, following two consecutive months of declines in June and July, the National Association of Realtors reported
by Lillian Dickerson Sep 29
NAR to consider listing attribution, DOJ-inspired policies at big event
Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November
by Andrea V. Brambila Sep 24
New home sales see modest gains for 2nd consecutive month
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5% from the revised July rate, according to the US Census Bureau
by Lillian Dickerson Sep 24
Interest in second homes remains down for third consecutive month
Many buyers are still considering second-home purchases, but the number was down from last year's blistering levels, according to a report from Redfin on Wednesday
by Daniel Houston Sep 22
Existing-home sales take a U-turn following 2 straight months of gains
Existing-home sales declined 2% between July and August to a seasonally adjusted annual rate of 5.88M, with all geographical regions in the US seeing monthly and annual declines
by Lillian Dickerson Sep 22
NAR is fighting a losing battle against the feds
Opinion
The messy set of industry practices at the crux of this fight are long overdue for major reform — now is the time to make it happen
by Brad Inman Sep 22
80% of real estate brokerages operate from one office: NAR
The National Association of Realtors' 2021 Profile of Real Estate Firms revealed how brokers are pivoting with enhanced consumer and agent benefits
by Marian McPherson Sep 17
Inman Top 5: The biggest stories of the week Sept. 11-16, 2021
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
by Inman Sep 17
NAR vs. DOJ: A timeline of the battle as it stretches into 4th year
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
by Andrea V. Brambila Sep 16
REX takes new jab at NAR in blistering 'cartel economics' attack
The discount brokerage struck on Wednesday following the National Association of Realtors' petition 2 days earlier to compel the DOJ to uphold its antitrust settlement
by Lillian Dickerson Sep 15
DOJ quietly resumed NAR probe days after settlement withdrawal
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
by Andrea V. Brambila Sep 15
Top Agent Network appeals dismissal of NAR antitrust suit
Lower court suggested TAN was the wrong plaintiff to bring suit because its business model is itself allegedly anticompetitive, but TAN says the court's order was 'erroneous'
by Andrea V. Brambila Sep 14
Broker sues NAR, claims listing agent omission violates antitrust
Arizona broker Grady Hillis objects to rules prohibiting listing broker and agent contact information in public remarks and restricting access to lockboxes to Realtors
by Andrea V. Brambila Sep 13
NAR fights back against DOJ efforts to withdraw antitrust settlement
The trade group accused the Justice Department of reneging on a binding agreement. NAR also said it had already begun implementing policies based on its DOJ settlement
by Jim Dalrymple II Sep 13
NAR can't raise the bar — but your broker can
Opinion
NAR is the face of real estate — a nice big target to blame when something needs to be fixed. But here's why it's really up to real estate brokerages to raise their standards
by Teresa Boardman Sep 10
Realogy calls for NAR rule change on listing broker attribution
Real estate brokerage giant says 'many listing search websites misdirect consumers by obfuscating display of a property’s listing firm'
Largest MLS in nation signs off on slew of big changes to listings
California Regional MLS, which boasts more than 108,000 subscribers, has instituted changes on how listing agents and brokers appear on online listing pages
Federal judge denies NAR, Zillow's motion to end REX lawsuit
Federal Judge Thomas Zilly said REX Real Estate's antitrust allegations against NAR and Zillow are 'plausible' in an order on Thursday. NAR said it will continue to defend itself against REX's claims
by Marian McPherson Sep 3
Pending home sales slump for second-straight month
Pending home sales saw a slight slump in July, dropping 1.8% to a Pending Home Sales Index of 110.7, according to the National Association of Realtors' latest report
by Lillian Dickerson Aug 30
NAR President to Realtors: Wear masks, social distance
Charlie Oppler urged both NAR members and their clients to be diligent regarding the virus and indicated he was encouraged by growing vaccination rates
by Jim Dalrymple II Aug 27
Existing-home sales rise for second consecutive month in July
Total existing-home sales in July 2021 rose 2% on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors
by Lillian Dickerson Aug 23
Agent who marketed her business at Capitol riot pleads guilty in deal
Jenna Ryan, the Texas real estate agent who livestreamed the insurrection in January, pleaded guilty this week to an illegal demonstration charge
by Daniel Houston Aug 20
'The American dream has changed': Feather wins NAR 'Pitch Battle'
The furniture rental startup was one of 12 contestants to go head-to-head in a 'Pitch Battle' hosted by NAR’s for-profit investment subsidiary, Second Century Ventures
by Andrea V. Brambila Aug 19
Court calls Top Agent Network 'anticompetitive,' tosses NAR suit
Judge voiced concerns that the Clear Cooperation Policy could have anticompetitive effects but suggested TAN was the wrong plaintiff to bring suit
by Andrea V. Brambila Aug 18
12 startups vie for $15K at NAR's 'Pitch Battle' for real estate tech
Contestants offered tools for staging, rentals, listing presentations, keeping up with clients post-close, real estate development, affordable housing, risk assessment and accounting
by Andrea V. Brambila Aug 17
NAR to federal court in REX case: Ignore the DOJ
REX calls out NAR for alleged 'false assertions,' while NAR alleges REX is blaming others for its 'business shortcomings' and that 'consumers are not interested' in REX's services
by Andrea V. Brambila Aug 17
Home prices jump by double digits across nearly every US metro
The median existing single-family home price rose 22.9% year over year during the second quarter, to $357,900, an increase of $66,800 from the year before, according to NAR
by Lillian Dickerson Aug 12
DOJ intervenes in REX antitrust suit against NAR and Zillow
The federal agency says NAR can't use a 2008 consent decree to shield itself from investigation of its rules
by Andrea V. Brambila Aug 10
Looking back: A brief history of real estate team crackdowns
A new Connecticut law that limits team names is just the latest in a list of regulations impacting teams and their branding
by Jim Dalrymple II Aug 4
'It’s creating a nightmare': Agents, landlords bristle at new eviction ban
Real estate industry professionals argued that the latest eviction moratorium hurts small time landlords and leads to renters piling up debt
by Jim Dalrymple II Aug 4
Here's the tech real estate agents wish their brokerages offered
Cyber security and lead generation topped the list of tech tools agents wished their brokerages offered, according to a new National Association of Realtors study
End of foreclosure moratorium could help ease strain on inventory
Home equity and job growth are expected to hold the levee against a tidal wave of pandemic-triggered foreclosures
by Libertina Brandt Aug 2
Homes listed in the MLS sell faster and for nearly 17% more: Study
Bright MLS looked at 442,829 home sales across its 6-state Mid-Atlantic footprint that sold over a 24-month period
by Andrea V. Brambila Jul 30
Pending home sales fall further than expected in June
Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors' Pending Home Sales Index
by Lillian Dickerson Jul 29
Foreign buyers may soon swoop back into US housing market
International buyers were less involved in the US housing market during the first year of the pandemic — but that may soon change
by Daniel Houston Jul 28
22 common ways agents violate the Realtor Code of Ethics
Broker and ethics hearing officer Barbara Betts details the ways agents misrepresent themselves and the transaction, sometimes inadvertently
by Andrea V. Brambila Jul 27
Dueling NAR and REX op-eds hint that DOJ will target commissions
National Association of Realtors: 'The Administration has publicly signaled a lack of understanding about the MLS system and the associated commission structure'
by Andrea V. Brambila Jul 22
Zillow, NAR formed 'group boycott' to enforce commission rule: REX
REX alleges that the National Association of Realtors and Zillow use NAR's segregation rule to hinder competitors who don't comply with NAR's commission rule
by Andrea V. Brambila Jul 21
3 ways Biden could change real estate
Real estate experts share how President Biden's latest executive order could impact real estate from licensing to noncompete agreements to antitrust lawsuits
by Marian McPherson Jul 19
Transitioning into summer, high-end properties are seeing a cool down
As the official start to summer approaches, agents say the market is less chaotic, and more high-end luxury properties seem to be available and lingering on the market
by Lillian Dickerson Jul 16
The Real Word: What the DOJ-NAR battle means for agents
Opinion
This week, Byron Lazine and Nicole White discuss the DOJ withdrawing its settlement offer to NAR, the first state to ban homebuyer love letters, and a study that shows what the majority of real estate listings are lacking
by Byron Lazine Jul 16
Updater acquires on-demand moving service Dolly
Deal will expand Updater's product offerings to help consumers with moves of all sizes
by Andrea V. Brambila Jul 15
DOJ hints NAR's pocket listing policy may be in its crosshairs
Agency letter offers first clue that the Clear Cooperation Policy may be part of a 'broader investigation' into trade group's rules
by Andrea V. Brambila Jul 14
Zillow, NAR slam REX's alleged use of antitrust as a business strategy
Real estate giants ask court to toss the discount brokerage's lawsuit over optional MLS rule
by Andrea V. Brambila Jul 14
NAR, stop fighting for commissions — make better Realtors
Opinion
NAR has been fighting for commission while letting the industry slide in the public’s opinion. Here's what we should be doing
by Bret Weinstein Jul 12
NAR 'cut a deal' with Trump DOJ to undermine commission suits: CFA
The National Association of Realtors countered that the Consumer Federation of America's assertions are 'wrong and misleading' and 'commissions are very much negotiable'
Realtor.com launches microsite with fair housing resources
Visitors to 'Realtor.com for Everyone' are able to search for Realtors who have completed NAR’s At Home with Diversity certification
Oregon becomes first US state to ban homebuyer love letters
Homebuyers have used these so-called 'love letters' to help their offers stand out, but critics say they leave the door open for discrimination
by Daniel Houston Jul 7
NAR brings back 'pitch battle' for real estate tech
Contest winner will get a $15K cash prize at the trade group's 3rd annual Innovation, Opportunity & Investment (iOi) Summit
Why the ongoing DOJ vs. NAR battle matters
Opinion
The DOJ's most recent action seems to be a giant step backward toward any resolution. Here's what you should know
by Jay Thompson Jul 6
Here's the timeline of the NAR-DOJ legal battle
The US Department of Justice just backed out of an antitrust settlement with the National Association of Realtors, suggesting more legal wrangling is on its way
by Jim Dalrymple II Jul 6
This is what makes real estate in the United States of America so unique
From commissions and entrepreneurism to Poland's legendary tale of the '1-hour MLS,' there are few places like the US when it comes to real estate
by Jim Dalrymple II Jul 2
Justice Department withdraws from settlement with the National Association of Realtors
The antitrust regulator said the trade group refused to modify the deal to protect the agency's ability to investigate other NAR conduct that could impact real estate competition
After April slump, pending-home sales rise 8% in May
Pending-home sales are once again on the increase, according to new data released Wednesday by the National Association of Realtors
NAR disaster relief charity kicks off campaign to raise $8.5M
Because natural disasters have become increasingly common, the Realtors Relief Foundation is shoring up its resources to be able to respond at a moment's notice
by Andrea V. Brambila Jun 29
With new FTC chair, expect greater scrutiny on the real estate industry
Lina Khan's appointment at the Federal Trade Commission last week appears to indicate the Biden administration plans to take an aggressive approach to antitrust regulation
by Andrea V. Brambila Jun 29
Ohio's largest MLS ditches 'Coming Soon' status
MLS Now says the status caused 'unintended consequences' and has been the most common complaint among agents in the past year
by Andrea V. Brambila Jun 24
LGBTQ+ Real Estate Alliance teams up with Asian Real Estate Association of America
The two groups will work together to combat discrimination and increase homeownership rates at a time of renewed scrutiny on discrimination against Asian Americans
by Jim Dalrymple II Jun 23
Blackstone shells out $6B to re-enter rental market
Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. for $6 billion in cash after a competitive bidding process
by Lillian Dickerson Jun 23
Sexual harassment suit against Move settles
Case alleging Move failed to provide a safe working environment and retaliated against Suzanne Mueller for participating in a sexual harassment investigation against an NAR executive was dismissed at the request of both parties
by Andrea V. Brambila Jun 22
‘Homebodies' hampering housing market potential by not selling
Homeowners with low mortgage rates and seniors choosing to age in place aren't eager to sell, according to a new analysis by First American Financial Corp.
by Matt Carter Jun 22
Ahead of Juneteenth, Atlanta Realtors Association apologizes for history of discrimination
The Atlanta Realtors Association issued the first apology in its 111-year history to members and the communities they serve for its history of discriminatory practices while making a commitment to supporting an inclusive community in the future
by Lillian Dickerson Jun 18
They came for 2-sided deals — then a pocket listing debate broke out
Despite its title — 'The End of the Two-Sided Deal: Will This Be The New Normal?' — a panel at Inman Connect quickly turned into an intense debate over the role of pocket listings
by Jim Dalrymple II Jun 15
Stop calling NAR and Zillow a ‘cartel,’ judge tells REX
A judge also denied REX's request for a preliminary injunction against NAR and Zillow. REX asked for the injunction after arguing it was the victim of anticompetitive practices
by Jim Dalrymple II Jun 9
Share of LGBTQ buyers and sellers hasn't grown since 2015: NAR
The share of LGBTQ homebuyers and sellers has remained at 4 percent since 2015, according to NAR. Lower household incomes and less access to affordable housing are 2 of the largest barriers
by Marian McPherson Jun 9
NAR, Updater partner to provide real-time relocation data to Realtors
Trade group will be able to use 'pre-move' data to inform reports on migration patterns and housing demand
Norman Flynn, former NAR president, dies at 79
As president of NAR in 1990, Flynn focused much of his efforts on tackling housing affordability and educating the public on real estate and housing issues
The Inman Handbook on existing-home sales
3 leading economists share what existing-home sales reveal about the market and how to properly use statistics to make client decisions
by Marian McPherson Jun 3
Pocket listing suit against NAR shouldn't have been thrown out: DOJ
The Department of Justice and The PLS argue that lower court should have considered Clear Cooperation Policy's impact on brokers who directly purchase access to listing services, not on buyers and sellers
The median Realtor income declined in 2020, new survey says
The record number of homes sold in 2020 didn't necessarily translate into higher wages for most Realtors, with the median gross income falling $6K from the year before
REX execs take aim at Zillow in op-ed: 'We had no choice but to sue'
In an op-ed co-written by REX CEO Jack Ryan and REX President Lynley Sides, the pair said they 'won't stop' until policies like NAR's segregation rule no longer impede consumers
by Lillian Dickerson May 28
Top Agent Network takes aim at office exclusives in NAR pocket listing policy
Top Agent Network argues that office exclusives result in less inventory, less exposure for listings and less consumer choice while benefitting large brokerages
by Andrea V. Brambila May 27
Pending-home sales take 4.4% hit in April
In a reversal from the previous month, pending-home sales decreased in all regions except the Midwest, which saw gains of 3.5% from March to April
by Lillian Dickerson May 27
NAR forges partnership with LGBTQ+ Real Estate Alliance
The relationship between the entities will enable the development of new training opportunities in an effort to help create LGBTQ+ leaders in the real estate industry
by Lillian Dickerson May 26
Existing-home sales decline again as home prices grow to an all-time high
Continuing inventory woes have hampered existing-home sales for the third consecutive month, according to a National Association of Realtors' market report released Friday
by Marian McPherson May 21
The Real Word: Is there an end date to the housing shortage?
Opinion
This week, Byron Lazine and Nicole White discuss the latest on NAR’s controversial address proposal, how long the housing shortage will last and staging in a seller’s market
by Byron Lazine May 21
The Inman Handbook on real estate's biggest rivalries
Compass versus Realogy. Keller Williams versus eXp. REX versus everyone. The real estate industry is full of big names and big feuds, and Inman's unpacking all of them
by Jim Dalrymple II May 21
Hot housing market, unemployment fuel record-high NAR membership 
The National Association of Realtors credited the boom in membership in 2020 to a robust housing market and Americans' career shifts during the pandemic
by Marian McPherson May 20
5 people to watch at realtor.com as the company plots its next move
The News Corp. subsidiary is laser-focused on growing traffic and improving the consumer experience as it maintains its industry ties
by Andrea V. Brambila May 20
NAR ends multimillion-dollar zipLogix partnership
After 6 years and $62M, the trade group says it will reallocate funds to 'other important member-facing initiatives'
by Andrea V. Brambila May 18
NAR elects new leaders, approves budget as midyear meeting wraps
The National Association of Realtors' board of directors held its biannual meeting Friday on the last day of the trade group's midyear conference, the Realtors Legislative Meetings
by Andrea V. Brambila May 17
NAR board votes to require addresses on MLS listings
The ongoing, controversial debate surrounding pocket listings finds some resolution, with NAR voting to make addresses immediately available to other MLS subscribers. Here are the details.
by Andrea V. Brambila May 14
Manchin to Realtors: Bipartisanship is built on personal relationships
US Sen. Joe Manchin, a Democrat, and Shelley Moore Capito, a Republican, discussed making deals across the aisle at the National Association of Realtors' midyear conference
by Andrea V. Brambila May 14
NAR: Housing market is 'topping out' due to inventory shortage
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
by Andrea V. Brambila May 13
NAR forum: We're at a 'hinge point' in American politics
At the Realtors Legislative Meetings, Mara Liasson and Van Jones talked polarization, bipartisanship and the issues that could get Republicans and Democrats to work together
by Andrea V. Brambila May 13
Bright MLS cracks down on abuse of pocket listing rule
'Vast majority' of Clear Cooperation Policy complaints turn out not to be in violation
by Andrea V. Brambila May 11
NAR: 'The MLS is under attack'
Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating
by Andrea V. Brambila May 11
'Lumber truthers' question veracity of shortage through social media
Despite lumber shortage data released for consecutive months by industry associations, lumber-shortage truthers have taken to social media to dispel what they see as myth
by Lillian Dickerson May 11
89% of all metro areas saw double-digit home price gains in Q1
Amid widespread annual home price growth, 89% of all metros saw double-digit price gains, according to the National Association of Realtor's First Quarter Metro Home Prices report
by Lillian Dickerson May 11
NAR: Don't work without a written listing agreement
Trade group says agents and brokers want to avoid MLS policies and rules, but are taking on major risks
by Andrea V. Brambila May 10
Controversial proposal to require addresses on MLS listings clears hurdle
Proposal now moves to the National Association of Realtors' board of directors, but bitterness over the Clear Cooperation Policy's office exclusives exemption lingers
by Andrea V. Brambila May 10
Realtor.com's new microsite will connect buyers to agents with fair housing training
Realtor.com for Everyone will help renters, buyers and sellers search for agents 'committed to working with today’s increasingly diverse communities'
NAR's lobbying playbook: 'Make friends before you need them'
During a panel about lobbying at the Realtors Legislative Meetings, the trade group explained that building a relationship with a congressperson or senator is like building a relationship with a friend — it takes time and is not a one-way street
No different than an 'all-white jury': NAR tackles ethics panel diversity
Trade group urges Realtor members of minority groups to get involved with professional standards enforcement at the local and state levels
Religion is no safe harbor, NAR rules in controversial hate speech policy
Some NAR members balked at approving a case interpretation that specifically says a preacher speaking to his congregants would be in violation of the Realtor Code of Ethics
Controversial proposal to require addresses on MLS listings is back
NAR will also consider Redfin proposal to allow MLSs in non-disclosure states to exclude the display of sales prices from listing feeds, but not sold listings as a whole
by Andrea V. Brambila Apr 30
Cheaper home purchases by student debt holders could widen wealth gap
Hispanic and Black Americans who buy lower-priced homes than white Americans can also lead to further wealth gaps, according to a study by the National Association of Realtors
by Andrea V. Brambila Apr 29
Pending-home sales increase following 2 months of declines: NAR
The pending home sales index rose from the previous month in every US region but the Midwest, while all regions saw gains year over year
by Lillian Dickerson Apr 29
NAR's venture capital fund picks Knock, other startups for REACH program
Second Century Ventures, which is an arm of the National Association of Realtors, has chosen Knock and 7 other startups to be a part of the 2021 REACH scale-up program
by Jim Dalrymple II Apr 26
Ethics violation, lawsuit or worse: 10 situations that get agents in trouble
Even earnest agents make false steps that end up in an ethics violation, a suit or revocation of a license. Check out Inman's handy charts to learn the consequences of 10 situations
by Lillian Dickerson Apr 26
A third of Realtors bought or sold a 'green' home in the past year
Thirty-two percent of respondents of a National Association of Realtors survey say they were involved in buying or selling a property that had eco-friendly features in the past year
by Andrea V. Brambila Apr 23
Existing-home sales prices rise to historic high — even as sales decline
Existing-home sales fell 3.7% in March, but the median sales price rose 17.2% to a historic high of $329,100, according to the National Association of Realtors
How to safely handle an open house
Holding an open house has always been a bit risky and has become even more so during the pandemic. To safely continue the practice, agents should keep these factors in mind
by Lillian Dickerson Apr 19
Why the nation's largest MLS is declaring Saturday a work day
CRMLS created the change to 'ensure that the information in the MLS is as accurate as possible as soon as feasible,' CRMLS CEO Art Carter told Inman
by Andrea V. Brambila Apr 15
5 people to watch at RE/MAX as franchisor counts on investment pay-off
RE/MAX intends to keep its agent productivity throne and expects its tech acquisitions in the last couple of years to boost its bottom line in 2021
More than half of agents don't bother staging homes for sale
Just over half of listing agents say in a NAR survey that they believe staging boosts how much buyers will offer, but about the same share don't stage. Is reality TV to blame for unrealistic expectations?
Realtors praise Biden infrastructure plan's focus on housing shortage
The American Jobs Plan proposes building and retrofitting more than 2M homes and commercial buildings
Pending-home sales fall 10.6%
Pending-home sales also declined on an annual basis for the first time in 8 consecutive months, according to the National Association of Realtors
by Lillian Dickerson Mar 31
NAR survey shows large income gap between white and Black Realtors
White Realtors' median gross personal income last year was $49,400 while the median for Black Realtors was $16,700
by Andrea V. Brambila Mar 30
5 big challenges for REX Real Estate in 2021
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow
by Andrea V. Brambila Mar 29
NAR-DOJ rule changes won't come for months
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March
by Andrea V. Brambila Mar 23
New home sales hit 9-month low in February
February's seasonally adjusted annual rate of 775,000 was down 18.2% from January's revised rate of 948,000
by Lillian Dickerson Mar 23
Some landlords are declining funds from the Emergency Rental Assistance program. Here's why
Some landlords are declining the funds because of regulatory tape attached to them. Others hope to replace struggling tenants with more financially secure renters
by Lillian Dickerson Mar 23
Compass, Sotheby's roped into latest suit alleging 'inflated' commissions
The new antitrust lawsuit, filed Friday in California, also names the National Association of Realtors, Realogy, Keller Williams, RE/MAX and several other companies as defendants
by Andrea V. Brambila Mar 23
Rising rates and low inventory cause home sales to plummet
Existing-home sales were down 6.6% from January to February, according to data released Monday from the National Association of Realtors
by Patrick Kearns Mar 22
Listen: REX releases recordings of agent steering
One agent told the discount brokerage: 'I won't bother to show [the listing]. Who's your local agent though because I'll make sure to tell people not to work with them'
by Andrea V. Brambila Mar 18
NAR claps back on commission attacks
Trade group's president accuses commission detractors of duplicity 'for a payout' under the guise of protecting consumers
by Andrea V. Brambila Mar 18
How the agent commission structure benefits everyday Americans
Opinion
For those who are attacking agents and the associated commission structure, let’s be clear about who and what they’re attacking. They’re attacking everyday Americans who are helping their fellow Americans achieve the ultimate dream — owning a home
by Charlie Oppler Mar 18
The problem with antitrust litigation as a real estate business strategy
Opinion
In the real estate industry, antitrust lawsuits have become more prevalent in the past few years, but perhaps it's time for litigious parties to take a step back and refocus their energies on sellers and buyers, instead of competitors
by Bob Mathew Mar 18
Consumer groups support REX suit against anti-rebate law
The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers
by Andrea V. Brambila Mar 16
Study commissioned by REX claims commissions are deeply inflated
Real estate commissions are inflated by as much as $50B per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal
by Andrea V. Brambila Mar 12
NAR: 'We haven't seen a deluge' of hate speech cases
Trade group's professional standards committee will vote on case interpretations in May to help evaluate complaints
REX takes aim at Zillow with new lawsuit
REX alleges Zillow shift to IDX feed is 'driving consumers away from REX'
by Patrick Kearns Mar 9
Black Lives Matter pressured RE/MAX Platinum to fire me: Agent
Michigan Realtor Rick Beaudin alleges in a lawsuit filed against the brokerage that an 'unknown BLM representative' pressured RE/MAX of Michigan to fire the agent. The complaint lists 'Black Lives Matter Unknown Associate' as a defendant
The PLS appeals case against NAR, MLSs over pocket listing rule
The former private listing network for agents seeks to overturn a ruling that threw out its lawsuit alleging the National Association of Realtors' Clear Cooperation Policy harms competition
Pending-home sales see another monthly decline in January: NAR
The Pending Home Sales Index declined 2.8% from the previous month to 122.8, but was up 13% from the year before and marked an all-time high for January
by Lillian Dickerson Feb 25
Redfin: Real estate commissions will drop due to iBuyers, public display
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin
by Andrea V. Brambila Feb 25
From critic to fanboy: How this NAR detractor turned
Opinion
Ever wonder what exactly the National Association of Realtors does for you? Here’s how I went from vocal critical blogger to NAR defender
by Jay Thompson Feb 24
Homeownership rate for Black Americans lags behind at 42%
The National Association of Realtors' latest report revealed the systemic issues in housing, education, and jobs keeping minority homebuyers behind
by Marian McPherson Feb 18
California Regional MLS allows display of buyer agent commissions
Listing brokers and agents will not be able to opt out of having the compensation they're offering made public, according to the California Regional MLS
by Andrea V. Brambila Feb 12
Nearly 90% of metros see double-digit price gains in Q4: NAR
Home price growth was widespread during the fourth quarter of 2020 as mortgage rates and inventory levels both hit record lows, according to the National Association of Realtors
by Lillian Dickerson Feb 11
NAR: Sanctions for hate speech 'not a slap on the hand'
Members found in violation could receive up to $15,000 fine and termination of membership for up to three years -- but circumstances matter
by Andrea V. Brambila Feb 11
Court throws out pocket listing lawsuit against NAR and MLSs
Judge says ThePLS.com failed to plausibly allege the National Association of Realtors' Clear Cooperation Policy harms competition and consumers. To the contrary, the policy has 'some plainly pro-competitive aspects'
Inman Handbook on healthy choices for health insurance
Insurance remains a challenge for many agents, many of whom have independent contractor status. But there are more and more options out there
by Jim Dalrymple II Feb 1
RE/MAX starts displaying buyers' agent commission on listings
The move comes in the wake of the agreement between NAR and DOJ concerning Realtor competition
by Patrick Kearns Jan 29
Pending-home sales dip for 4th consecutive month
Despite continuing monthly declines, the Pending Home Sales Index (PHSI) hit an all-time high for the month of December at 125.5
by Lillian Dickerson Jan 29
A commission suit with a twist: It's the buyers who are getting screwed
A new lawsuit filed earlier this week sits in stark contrast to 3 previous homeseller suits that allege commission sharing between cooperating brokers inflates seller costs
by Andrea V. Brambila Jan 29
Why 'higher' standard doesn't mean 'highest' standard
Opinion
Yes, the NAR Code of Ethics is a higher standard — but it isn’t the highest standard. Here's what one broker thinks about self-policing among Realtors and the consequences of ethics violations
by Teresa Boardman Jan 28
Capitol rioters could face penalties under this NAR policy
Realtors convicted of a 'felony or crime involving moral turpitude' may be subject to discipline under membership rule
by Andrea V. Brambila Jan 22
It's official: Home sales in 2020 soared to highest level in ages
Just as the real estate industry suspected, existing-home sales surged in 2020, up 5.9% from the year previous and to a level unseen since the Great Recession, according to new data
by Patrick Kearns Jan 22
Housing construction sees 'biggest bang' since 2006
New homes authorized by permits were up 17% year over year in December, according to the US Census Bureau and US Department of Housing and Urban Development
by Patrick Kearns Jan 21
In reversal, NAR pauses federal political donations in wake of Capitol attack
Members call for changes to the Realtors Political Action Committee after lawmakers voted against certifying results of presidential election
by Andrea V. Brambila Jan 19
NAR's midyear conference goes virtual for a second time
The Realtors Legislative Meetings & Trade Expo will be held online May 3-14. Some fear that an earlier event to be held in person in April will be a COVID-19 'super spreader'
by Andrea V. Brambila Jan 18
A comprehensive list of 2021 real estate events — virtual and in-person
With the COVID-19 vaccine rolling out across the country, many companies and associations are planning in-person events for the coming year
Realtor arrested for role in Capitol riot is second agent to be charged
Standing on the steps of the Capitol in a now deleted video, Frisco, Texas, agent Jenna Ryan appears to say, 'Y’all know who to hire for your Realtor. Jenna Ryan for your Realtor.'
by Patrick Kearns Jan 15
NAR: Most behavior at Capitol riot does not violate new ethics policy
According to the trade group, 'merely being a participant in something that appears likely to involve criminal activity does not automatically invoke' rule against hate speech
by Andrea V. Brambila Jan 14
Olympic swimmer is first real estate agent to be charged in Capitol riot
Klete Keller, a former Olympian and commercial real estate agent in Colorado Springs, resigned from his brokerage earlier this week
by Patrick Kearns Jan 14
NAR to hold first in-person event in April as pandemic drags on
Trade group says it's monitoring CDC guidelines, host city restrictions, the current trajectory of infections and vaccination rates
by Andrea V. Brambila Jan 14
Zillow will withhold support for all 'sedition caucus' lawmakers
The company didn't donate to any of the election objectors during the previous election cycle but officially vowed to withhold any support moving forward
by Patrick Kearns Jan 13
Alabama and Georgia Realtors pause efforts to stop eviction ban
Alabama and Georgia Realtors suspend their lawsuit against the Trump administration at least until February after legislation extends moratorium
by Andrea V. Brambila Jan 13
Recordings of Houston agents by rival brokerage reveal commission steering
REX CEO Jack Ryan said he believed the recordings contributed to getting the US Justice Department's antitrust lawsuit against the National Association of Realtors off the ground
by Lillian Dickerson Jan 12
NAR won't rule out penalties for Realtors who 'stormed the Capitol'
'We are committed to taking any action that is deemed appropriate and in the best interest of our association, our 1.4 million members, and our nation as a whole at the conclusion of these investigations,' NAR said in a statement
by Andrea V. Brambila Jan 11
Airbnb halts donations to election objectors
The moves come as a number of major companies say they are suspending political campaign contributions through PACs
by Patrick Kearns Jan 11
Real estate leaders speak out against 'mob' — but won't rule out campaign contributions for election objectors
As violence unfolded, real estate leaders and trade groups issued strongly worded statements decrying the violence. They are not, however, committing to no longer donating money to the campaigns of lawmakers who voted against certification
by Patrick Kearns Jan 8
NAR, MLSs seek to avoid disclosing competition documents in pocket listing suit
The PLS wants info on Upstream, the DANGER Report, the Clear Cooperation Policy and antitrust inquiries from the DOJ or FTC. Realtors say producing these documents would impose 'substantial burdens' on them
National Association of Realtors lays out legislative priorities for 2021
NAR Chief Advocacy Officer Shannon McGahn said the trade organization will fight for tax incentives for homeownership and construction of affordable housing
by Patrick Kearns Jan 4
A look at 2020: A year of reckoning for housing policy and equality
From eviction bans to redlining, zoning reform and the NAR Code of Ethics update, 2020 has been a year of reckoning on real estate's checkered past
by Marian McPherson Dec 31
What NAR can do better to support fair housing in 2021
Opinion
More education for members and changes to the code of ethics is certainly a great start, but there's more that can be done. Here, one broker weighs in on what NAR can do to prevent future discrimination and promote fair housing
by Teresa Boardman Dec 31
Housing crunch to blame for third month of pending-home sales dips
Despite the modest slide, the National Association of Realtors' pending home sale index hit an all-time high for the month of November, it was announced Wednesday
by Patrick Kearns Dec 30
Brad Inman's 21 predictions for '21
Opinion
Keller Williams will amp up its recruitment program, Zillow will acquire Opendoor, and nursing homes will die. These and 18 other predictions for 2021 from Inman's founder
by Brad Inman Dec 30
Former pocket listing site to relaunch as public-facing
The PLS says its new site will comply with NAR's Clear Cooperation Policy and show exclusive listings to the public for the first time
by Andrea V. Brambila Dec 29
Everything that happened in 2020, the wildest year of our lives
This year had it all: A presidential election, a stock market crash and rebound, and the busiest summer and fall in memory — all amid an unprecedented global pandemic
by Jim Dalrymple II Dec 21
Real (Estate) Talk: New challenge for a new year
As we leave behind a turbulent 2020, agents have an opportunity to continue to show courage at an individual level. Here's how to join the new year's challenge to be defenders of justice, equity, diversity and inclusion
by Lee Davenport Dec 17
Could your brokerage require you to get vaccinated? It's complicated
A National Association of Realtors source told Inman that the trade organization is waiting on guidance from government agencies before issuing any mandates
by Patrick Kearns Dec 17
NAR on historic apology: It wasn't just 'bad agents' who discriminated
Bryan Greene, NAR's vice president of advocacy policy: 'We feel we owe a debt and that the future prosperity of our industry and the economy depend on us doing this work'
by Andrea V. Brambila Dec 11
Homebuyers are becoming more diverse — and facing 'headwinds'
A demographics panel at NAR's Real Estate Forecast Summit talked about the declining share of first-time homebuyers, the 'baby bust,' and the rise in multigenerational living
by Andrea V. Brambila Dec 11
Former Obama adviser: Expect Biden to prioritize housing
Jim Parrott, a nonresident fellow at the Urban Institute, said housing is 'not an abstraction' for the president-elect at National Association of Realtors' Real Estate Forecast Summit
by Andrea V. Brambila Dec 11
Job growth slows in November — and real estate sector saw losses
The real estate sector — which includes rental and leasing — added 8.5K jobs on a seasonally adjusted rate in November and actually lost 3K jobs if unadjusted for seasonality
by Patrick Kearns Dec 4