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December 2021 REALTORS® Confidence Index Survey: Fewer Buyers Waiving Appraisal, Inspection Contract Contingencies

National Association of Realtors

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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Pending home sales continue to slip as 2021 approaches

Housing Wire

year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%.

Contracts 532
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NAR petitions for rehearing in appeals court decision of DOJ probe

Housing Wire

The National Association of Realtors (NAR) has petitioned a circuit court of appeals in Washington, D.C., The settlement proposed at the time included requirements for NAR to boost transparency about broker commissions and to stop misrepresenting that buyer broker services are free.

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Experts optimistic about home sales in 2021

Housing Wire

drop in November , according to a report from the National Association of Realtors. However, contract signings rose 21.4% However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston.

Contracts 529
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Appeals court to allow DOJ to reopen its investigation into NAR

Housing Wire

has ruled that the Department of Justice can reopen its investigation into the National Association of Realtors. the court “will not interpret a contract to cede a sovereign right of the United States unless the government waives that right unmistakably. By context, I mean the rest of the contract’s text. Winstar Corp.,

Realtors 536
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Pending home sales shock 2021 housing crash bears

Housing Wire

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5%

Inventory 527
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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions.

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