National News

NAR settles compensation lawsuits for $418 million and will ban commissions on MLS

NAR will prohibit offers of broker compensation or commission on the MLS.

Opendoor: A portrait of first-time homebuyers in 2023

Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?

Mark Willis replaces Marc King as president at Keller Williams

Willis previously served as Keller Williams president from 2002 to 2005 and CEO from 2005 to 2015.

HUD Secretary Fudge announces retirement 

Deputy Secretary Adrianne Todman will take over as acting secretary on Marcia Fudge’s last day, March 22. 

NAR praises Biden’s proposals to address housing affordability  

NAR President Kevin Sears also raised concerns about Biden Administration regulations that could create hurdles to affordability. 

Today’s buyers prioritize price over location

Location, location, location … at least that’s how the old real estate adage goes, right?

This is the magic mortgage rate number to reignite the housing market

Lower mortgage rates are the one thing that could draw buyers back into the housing market, according to a new survey from Realtor.com. The magic number? Around 5%.

NAR: Existing-home sales rise 3.1% in January 

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

Greater Boston Association of REALTORS® partners with AgentEDU

AgentEDU, which provides online real estate training courses, has partnered with The Greater Boston Association of Realtors (GBAR) to empower thousands of Boston-area agents with additional educational resources.

NAR: Home prices rise across the country in the fourth quarter of 2023

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

Keller Williams and Coursera create new professional certification 

The KW Real Estate Agent Professional Certificate comprises 124 hours of real estate education, including videos, readings, assessments and hands-on projects. 

Draper and Kramer Mortgage acquired by New American Funding

The acquisition will bring most of Draper and Kramer’s loan originators and operations and support staff to NAF.

December pending home sales surge past expectations 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

December new-home sales jump 8%

Declining interest rates spurred the increase. 

NAR: Existing-home sales slid 1% in December but are expected to rise 

At the same time, the median sales price rose 4.4% to $382,600. 

Builder confidence jumps in January on falling mortgage rates 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

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