The National Association of Realtors®’ (NAR) Existing-Home Sales report for October came in on a somewhat dismal note: Existing-home sales decreased 5.5% month-over-month to a rate of 3.75 million. That marks the lowest level since August 2010’s 3.68 million, according to Realtor.com® Chief Economist Danielle Hale. Year-over-year home sales were down 8.8% compared to October…
The National Association of Realtors® (NAR) may spend the holidays in court, as the association is being accused of failing to pay a former employee promised retirement based on the financial strain of previous legal issues. John Pierpoint—NAR’s former and long-time chief financial officer, who was succeeded by Matthew Cendella in 2025—filed a lawsuit against…
At its Nov. 9 meeting during NAR NXT in New Orleans, the National Association of Realtors®’ (NAR) board of directors approved a 2027 budget and installed new leadership. The board approved an operating budget projecting approximately $280 million in revenue and $247 million in expenses. Under the new approach, NAR departments were required to evaluate…
A wave of sidelined homebuyers could be poised to flood the housing market if a trifecta of housing supply and affordability improve and consumer confidence picks up. How likely that is remains unclear, however. That was the theme of a market outlook delivered this past Friday by National Association of Realtors® Chief Economist Lawrence Yun…
As affordability remains one of first-time buyers’ biggest hurdles in real estate, the face of homebuying remains squarely retirees and members of older generations who are repeat participants in the housing market. The median age of a homebuyer now stands at 58, and there is “increased buying activity among those over 60,” according to the…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR defends Compass subpoena in private listing lawsuit The latest dust-up in the battle between now defunct PLS.com and the National Association of Realtors® (NAR) continues, as both parties await a judge’s decision…
Home prices rose in 78% of metro markets during the third quarter of 2026, according to the National Association of Realtors®’ latest quarterly report. This is down from 80% in Q2, but shows the continued value and equity-building power of homeownership even in a down market. Four percent of metro areas recorded double-digit price gains,…
The National Association of Realtors® (NAR) has announced five winners of its 2026 Good Neighbor Awards. Now in its 27th year, the program honors NAR members who make an extraordinary difference in their communities by giving their time, money, goodwill and expertise to help others. NAR 2026 Good Neighbor Awards: Shawnee Doherty, Hope Through Hollis…
As the housing market begins to wind down for the cold season, pending home sales are also showing the impact of elevated mortgage rates as contract signings fell across the board, according to the National Association of Realtors® (NAR). The Pending Home Sales report by NAR for September shows that sales decreased by 7.3% month-over-month,…
Existing-home sales increased by 1.5% month-over-month and decreased by 2.2% year-over-year, according to the National Association of Realtors®’ (NAR) Existing-Home Sales report. The report provides the real estate ecosystem, including agents, homebuyers and sellers, with data on the level of home sales, price and inventory. Month-over-month sales increased in the South and West, held steady…
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