Fewer home buyers signed contracts to purchase a property in December, breaking a four-month streak of gains for pending home sales. The National Association of REALTORS®’ Pending Home Sales Index—a forward-looking indicator of home sales—showed contract signings fell 5.5% month over month in December and were down 5% from a year earlier.
As Californians face the devastating impact of ongoing wildfires, the importance of supporting the REALTORS® Relief Foundation (RRF) has never been more apparent. Families and communities are experiencing immense loss, and the need for financial assistance to rebuild lives and homes is urgent.
There was an important legal victory that strengthens protections for NAR’s members thanks to support from NAR’s Legal Action Committee. On Wednesday, the Eighth Circuit Court of Appeals unanimously upheld the district court’s decisions in Designworks Homes, Inc. v. Columbia House of Brokers Realty, Inc., et al. and Designworks Homes, Inc. V. Susan Horak, et al., affirming real estate professionals have a “fair use” defense when using floorplans in home listings.
Each June, REALTOR® Magazine features 30 young rising stars in the real estate industry. To determine who makes the 30 Under 30 list, the REALTOR® Magazine staff looks for candidates who are successful in the real estate business and have demonstrated skill, success, creativity, and leadership in their careers.
Per the National Associatin of REALTORS, real estate professionals should be prepared to draft more home sale contracts as buyers gradually return to the housing market. Contract signings, which are a gauge for future home sales, rose 5.4% in October compared to a year ago, the National Association of REALTORS® reported Wednesday. NAR also reported last week that existing-home sales posted their first yearly gain in more than three years and are now up nearly 3% annually.
We are pleased to share NAR's latest installment in their "Consumer Guide" series on seller concessions. This resource covers the most common types of seller concessions, rules for when and where to offer them, and how they can facilitate a successful transaction for both homebuyers and sellers.
We’re excited to introduce NAR's game-changing opportunity for Commercial members: NAR REALTOR Benefits®—now with tailored solutions specifically designed for Commercial practitioners.
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