article thumbnail

Existing Home Sales Continue to Drop Amid Rising Mortgage Rates

Eyes on Housing

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). this week, the highest level since April 2002, Read More ›

Mortgage 173
article thumbnail

Mark Willis steps back into CEO role at Keller Williams

Housing Wire

In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. “With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller.

Brokerage 419
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 100-years-war over real estate commissions

Housing Wire

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. What Decloure and Miller discovered was somewhat shocking. That’s part two, coming up Thursday.

article thumbnail

Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does. They were guidelines.

Law 363
article thumbnail

Optimal Blue hopes to hook mortgage brokers with real-time rate feature

Housing Wire

Cracking the code on marketing to the realtor channel. At the time of acquisition, Optimal Blue, founded in 2002, had about 1,000 originators and 185 investors using the firm’s PPE engine, which produced more than 240 million pricing quotes per year, the firm said. Presented by: 1000watt. billion deal to boost origination offerings.

Mortgage 364
article thumbnail

Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

Ketchmark said the plaintiffs want the defendants, which include the National Association of Realtors , HomeServices of America and Keller Williams , to “return the money” they believe was unlawfully taken via commissions as a result of an alleged conspiracy between the defendants. I reported the numbers and walked off the stage.”

Agents 419
article thumbnail

The housing market is now savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 That was the housing market of 2002-2005, not what we have today. This level is still within my 2022 forecast sales range between 5.74 million and 6.16 Last year I discussed sales levels coming back down to 5.84