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
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
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
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
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
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
A senior couple enjoying the sunset
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
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
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
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
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
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
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
South Carolina flooding October 2015
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
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
A woman holding up a hand in objection
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
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
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
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
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
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
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
Redfin
The National Association of Realtors countered that the Consumer Federation of America's assertions are 'wrong and misleading' and 'commissions are very much negotiable'
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
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
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
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
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
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
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
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
22 ways you may be violating the Realtor Code of Ethics
Agents misrepresent themselves and aspects of their transaction, sometimes without even knowing it, according to broker and ethics hearing officer Barbara Betts
by Andrea V. Brambila Jul 27
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
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
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
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
'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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
Two men standing on either side of a line on the ground
Real estate brokerage giant says 'many listing search websites misdirect consumers by obfuscating display of a property’s listing firm'
A photo of a pencil and eraser
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
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
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
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
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
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
Facade Flags Justice Department Building Washington DC
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
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
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
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
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
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
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
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
'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'
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
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
A piece of chocolate cake being removed from the whole
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
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
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
A pencil with eraser
After broker feedback, indie brokerage network says its updated stance is 'neutral'
by Andrea V. Brambila Nov 12
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
A woman researching in a dictionary
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
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 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
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
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
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 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
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
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
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
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
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 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 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
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
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
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
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
'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
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
'Highly uniform' commissions designed to thwart competition: study
The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition
'Is the Bible hate speech?' NAR hate speech provision faces first big test
Realtor Brandon Huber is under fire for pulling his church's support of a food bank during Pride Month. Now, the Missoula Organization of Realtors has to determine if it's religious freedom or hate speech
by Marian McPherson Dec 2
DOJ to appear in court in appeal of pocket listing lawsuit against NAR
The agency, which is currently investigating the trade association's Clear Cooperation Policy, says it's defending its interest in the application of antitrust laws to the real estate industry
Jobs report disappoints, but real estate hiring keeps rolling along
Homebuilders and real estate firms posted strong hiring trends even as a federal jobs report came up far short of expectations for November
by Daniel Houston Dec 3
Landlords more likely to respond to renters with white-sounding names
Property managers' lack of response to applicants of color contributes to housing segregation by race, according to a new study by the National Bureau of Economic Research
NAR deemed 'Great Place to Work' for 2nd year in a row
Most of the National Association of Realtors' 342 employees have worked at the trade organization for 6 years or more
Court tosses REX antitrust suit against Oregon anti-rebate law
Judge said discount brokerage had made 'compelling arguments' that law hurts consumers and artificially inflates home prices, but that states are immune from federal antitrust laws
by Andrea V. Brambila Dec 10
Real estate in 2021 was weird, wild and always unpredictable
The year saw explosive rivalries, wild stock market performances and plenty of rage
by Jim Dalrymple II Dec 13
First-time homebuyers likely to be hit hardest by inflation in 2022
Real estate coach Brian Buffini shared his annual predictions for the year ahead during a webcast in which he urged agents to hunker down on the fundamentals of their training and get back to basics in preparation for a market shift
by Lillian Dickerson Dec 13
Gary Gold: NAR's pocket listing policy is 'nonsensical, stupid'
Real estate's premier luxury agent argues that the Clear Cooperation Policy is 'authoritarian' and accomplishes the opposite of its stated intent in an exclusive interview with Inman
by Andrea V. Brambila Dec 17
DOJ, home prices and equality: Brad Inman talks real estate's future
Inman reporters Marian McPherson, Andrea Brambila and Jim Dalrymple discuss coverage of the biggest stories in real estate — and how those stories might chart the industry's path
by Daniel Houston Dec 14
From hate speech to antitrust: The year in MLSs and associations
2021 came with Realtor misbehavior, rising legal and regulatory scrutiny and MLSs becoming tech investors after Zillow's acquisition of ShowingTime
by Andrea V. Brambila Dec 17
Why the housing market won't burn quite as hot in 2022
The housing market will cool slightly in 2022, but will scorch as a multitude of buyers chase too few homes, according to economic experts who spoke with Inman
by Andrea V. Brambila Dec 30
For years, homeowners were staying put. Is that trend about to change?
Americans used to spend less time in their homes before selling. Then came the housing crash of 2008. But according to a pair of new surveys, the pandemic may be reversing that change
by Daniel Houston Dec 20
John Sebree will be the California Association of Realtors' new CEO
Industry veteran will start new position on Feb. 1, after outgoing CEO Joel Singer retires
by Andrea V. Brambila Dec 20
New court ruling is both victory and defeat for NAR and REX
Discount brokerage's antitrust claims survive after judge concludes REX 'plausibly alleges that Zillow changed its websites because of NAR’s rules'
by Andrea V. Brambila Dec 21
housing market
The median sales price, meanwhile, soared 13.9% year over year in November as inventory plunged 13.3%, according to data released Wednesday by the National Association of Realtors
by Lillian Dickerson Dec 22
News Quiz: Test your knowledge of real estate's biggest stories of 2021
Acquisitions, spats, implosions and brawls: As the year wraps up and real estate professionals wish for the best in 2022, test your knowledge of the biggest real estate stories of 2021
by Inman Dec 31
Mortgage rates dip as Omicron variant triggers market volatility
30-year mortgage rates fell to 3.05%, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey, released Thursday
by Daniel Houston Dec 23
'For sale by owner' homes hit 40-year low. Is it even worth the effort?
Most homeowners who forego an agent are selling to someone they know, leaving a small group that fends for themselves on the open market, several new reports reveal
by Daniel Houston Dec 28
Masks, politics and our great divide: Why we need to change course now
Opinion
Brad Inman can’t recall a time when we all were so righteously indignant. Name-calling, picking petty fights and silent judgement are the name of the game. It's time to bridge the divide
by Brad Inman Dec 28
New York mandates higher fines, more training to combat housing discrimination
Broker and agent license fees and fines will go toward a new Anti-Discrimination in Housing Fund for fair housing testing
by Andrea V. Brambila Dec 29
Pending home sales dip slightly following strong October
The pending sales of existing homes dipped down 2.2 percent in November, in line with the National Association of Realtors' prediction of a slowdown
by Ben Verde Dec 29
NAR is second biggest trade group donor to 'Sedition Caucus': Analysis
Donations to lawmakers who voted against certifying the 2020 election results from the National Association of Realtors and Rocket Mortgage clocked in at more than $375K in 2021
The real estate agents who stormed the Capitol: Where are they now?
Jenna Ryan, Klete Keller and Libby Andrews have had a tumultuous year. Here's what they're up to now as the attempted insurrection at the Capitol notches a grim 1-year anniversary
News Quiz: Test your grasp of the biggest news for the week of Jan. 2
Zillow, NAR and a strange celebrity matchup all made headlines on the first week of the new year. As we embark on 2022, test your knowledge of the week's biggest real estate stories
by Inman Jan 7
Realogy calls on NAR to eliminate commission-sharing requirement
Realogy is publicly calling on the National Association of Realtors to kill a requirement that listing brokers offer commissions to buyer brokers in order to submit listings to MLSs
hundred dollar bills lined up
On Thursday, Realogy Brokerage Group CEO M. Ryan Gorman shared the company's stance on the National Association of Realtors' Participation Rule, saying, 'There’s no reason why an offer of compensation needs to be a mandatory requirement for a home to be listed in the MLS .' Mostly, real estate agents disagreed
by Marian McPherson Jan 7
Demand for houses is way up. Are first-time buyers driving it there?
The share of first-time homebuyers was up last year, but far below the runup to the housing crash of 2008, according to NAR's Profile of Home Buyers and Sellers. What's happening?
by Daniel Houston Jan 10
M. Ryan Gorman: Of course Realogy believes in buyer's agents
Opinion
After agents responded to Realogy's stance on mandatory commission sharing, Realogy Brokerage Group President and CEO M. Ryan Gorman sets the record straight. 'It’s important to me to get this right,' he writes
by M. Ryan Gorman Jan 10
REX: Realogy's stance is prelude to a reckoning on commissions
Realogy says it believes in buyer agents and cooperative compensation, but not in forcing brokers to enter a commission amount to list in a multiple listing service
by Andrea V. Brambila Jan 11
A desert landscape
Of the median 8 homes buyers saw in 2021, they toured 3 of them virtually, according to a new analysis released Wednesday by the National Association of Realtors
by Andrea V. Brambila Jan 19
Existing-home sales tally banner year after 12 months of epic demand
In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5% surge from 2020, according to the National Association of Realtors
by Lillian Dickerson Jan 20
Number of Realtors hits new record high in 2021
For the third straight year, NAR membership hit an all-time high, likely propelled by a blistering hot housing market. Among the 50 US states, Georgia saw the biggest percentage increase
by Andrea V. Brambila Jan 20
DOJ: No need to argue harm to consumers, buyers in NAR pocket listing suit
NAR's attorney says The PLS is trying to 'have their cake and eat it too' by claiming brokers are both the victims and the perpetrators of the Clear Cooperation Policy
by Andrea V. Brambila Jan 21
Glenn Sanford on the 1 player that could change the game in 2022
The founder of eXp Realty told Brad Inman there's plenty of business for agents in the year ahead during a Connect Now session Tuesday, but he's also keeping an eye on potential setbacks
by Daniel Houston Jan 25
Celebrity-backed rent-to-own startup Landis expands to Florida
Company's services are now available in 5 Sunshine State markets: Miami, Fort Lauderdale, Orlando, Tampa and Jacksonville — growing Landis' footprint to 51 cities in 12 states
by Andrea V. Brambila Jan 25
From Realtors with love: 89 tips for new real estate agents in 2022
Inman reached out to more than 200 of the country's top agents by transaction sides and sales volume and asked 1 simple question: What's your advice for agents launching careers in 2022?
Real estate agent charged in Capitol riot pleads not guilty
John MacMillan Cameron of Port Orchard, Washington, was arrested on Jan. 5, 2022, nearly a year after the riot, and charged with entering a restricted building, among other infractions
by Andrea V. Brambila Jan 26
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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
rental image
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
'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
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
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
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
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
'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
How commissions are paid can be changed
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
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
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
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
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
'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
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
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
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
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 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
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
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
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
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
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
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
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
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
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