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The Latest Breaking News from the National Association of Realtors

Buying a Home? You Need a Six-Figure Income and a Big Down Payment

The median household income for home buyers hits a record $107,000; Down payments rise to more than two-decade highs as housing market crunch continues, NAR study shows.

Kiplinger

Stock Market Today: Stocks Close Lower After Fed Minutes, Retail Earnings

Burlington was a big winner on the earnings front, while Kohl's slumped after its results.

Kiplinger

Tough housing market is luring buyers without kids and higher incomes

A report from the National Association of Realtors shows the average home buyer this past year had a six-figure income. Others face challenges in a period of high prices and costly home loans.

WEKU

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Millennials are replaying their parents’ housing market journey as first-time buyers in their 30s flood into an unaffordable market

First-time buyers make up 32% of all home buyers, the National Association of Realtors says—up from last year’s historic low of 26%.

Fortune

Americans pay $100 billion in real estate commissions but get ready for a 30% cut on that, expert says

A $1.8 billion verdict this week against the National Association of Realtors and large brokerages likely spells changes ahead.

Fortune

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement

The Independent UK

If you sold a house from 2015 to 2022, you may have overpaid your realtor: Lawsuit reveals

The National Association of Realtors and multiple brokerage firms were instructed to pay home sellers who claimed they were forced to pay inflated fees to real estate agents.

The Street

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High interest rates is hurting one more industry: Mortgage lenders

Mortgage brokers, who rely on commissions, are struggling as their income has dipped as home buyers move to cash.

Al Jazeera

‘Enough is enough’: Redfin is so furious about the bombshell NAR sexual harassment report it’s ordering thousands of Realtors to ditch the industry group

Redfin only joined the National Association of Realtors in 2017, and now it’s ordering as many of its members to leave as possible. It just can’t yet in some markets.

Fortune

National Association of Realtors taps Maggie Hickey to craft sexual harassment policies

The Chicago-based group announced other internal measures in response to charges that it has done little to stop abusive behavior by officers or vendors.

Chicago Sun-Times

Critics allege Chicago-based National Association of Realtors tolerates sexual harassment, calls for CEO Bob Goldberg to resign

Former staffer tells Sun-Times of incidents involving forced physical contact at events the association organized.

Chicago Sun-Times

Warren Buffett's S&P 500 Housing Market Play Just Surprised Wall Street

Lennar reported better-than expected fiscal third-quarter earnings and revenue Thursday.

Investors Business Daily

This Fortune 1000 real estate giant just settled antitrust lawsuits for a reported $83.5 million

"This settlement is a significant milestone in this case against the National Association of Realtors and the Nation’s four largest real estate brokerages" Steve Berman, the attorney for the plaintiffs, wrote in a statement shared with Fortune.

Fortune

The Hidden Costs of Selling a House

Here's a look at all the hidden costs of selling a house, including agents fees (which may be changing soon), repairs, staging and closing costs.

Kiplinger

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Investors Business Daily

Mortgage Demand Dives To 28-Year Low But This Luxury Builder's EPS Surged 60%

Housing market data for July showed existing-homes sales fell again. Meanwhile, Toll Brothers beat fiscal third-quarter expectations late Tuesday.

The Street

Where High Mortgage Rates Cost Homebuyers the Most

In one pricey New York market, the typical monthly payment jumped more than $3,000.

Tribune News Service

Existing-home sales fall but prices continue rising

The housing market remained soft in June, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide, dropping 3.3%. The number of sales in June was off 18.9% compared to…

WEKU

Inflation may be cooling, but the housing market is still too hot for many buyers

The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.

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The Street

What Is the Housing Affordability Index? Definition & Limitations

The Housing Affordability Index measures whether a potential homeowner can afford to take out a 30-year fixed mortgage to purchase a single-family home in a metropolitan area. It is compiled and maintained by the National Association of Realtors, a trade group representing more than 1.5 million ...

Axios

Realtors are leaving the housing market in droves

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

Tribune News Service

Bankrate: Existing-home sales, prices decline again

The housing market remained soft in April, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide. The number of sales in April was off 3.4% from last month and…

The Street

20 Cities Where It's Cheaper to Buy a House Than a Condo

For first-time home buyers looking to break in to a challenging housing market, condominiums usually cost less, but not everywhere.

Chicago Tribune

Spring housing market ‘stalling’ as record low inventory plagues buyers

Ron Vlasic, 56, was one of 19 bidders on a $315,000, three-bedroom house in Des Plaines in February.

Kiplinger

Millennials No Longer the Largest Generation of Homebuyers

The latest study from the National Association of Realtors finds that millennials are no longer the largest generation of homebuyers, and have been overtaken by baby boomers.

The Independent UK

Average long-term mortgage rate at lowest level in six weeks

The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway

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