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NAR: Existing-Home Sales Fell in April But Inventory Increased 9 Percent

Appraisal Buzz

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales fell 1.9% Despite a 9% month-over-month increase in inventory in April, home prices continued to increase: The median existing-home price jumped 5.7%

Inventory 195
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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200.

Contracts 458
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Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall

Appraisal Buzz

compared with March 2023, according to the National Association of Realtors (NAR). million in 2025. Inventory will grow steadily from more home construction, and various life-changing events will require people to trade up, trade down or move to another location.” in 2025 to $403,800. to $440,500 in 2025.

Inventory 195
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NAR membership continues to slide in 2024

Housing Wire

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% This is down 2.1%

Realtors 421
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. For example, Compass has access to off-market exclusives through Compass Private Exclusives and Coming Soon, which is particularly important in a low-inventory environment.” million to 5.6 million homes in 2026,” Reffkin said.

Agents 440
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Zillow execs imagine a world without buyer’s agency

Housing Wire

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

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Why CAR campaigned for California’s Proposition 19

Housing Wire

The passage of Proposition 19 in California — which will generate wildfire relief funds while providing tax breaks for senior citizens — was a victory for the California Association of Realtors , which lobbied for its passage and put real dollars behind the effort. But CAR, which supported the measure with $35.7