National Association of Realtors

National Survey Shows Housing Market Needs Rates Below 5% to Rebound

Retrieved on: 
Thursday, April 4, 2024
Bankrate, National Association, Union, Research, National Association of Realtors, Fannie Mae, Appetite, Renewable energy

Mortgage rates are not projected to fall fast enough or soon enough to meet this threshold, likely putting a real estate rebound on hold until 2025.

Key Points: 
  • Mortgage rates are not projected to fall fast enough or soon enough to meet this threshold, likely putting a real estate rebound on hold until 2025.
  • Another 15 percent (14.18) said that they’ll buy when rates drop to between 5 and 6 percent.
  • Less than 7 percent (6.8) say that rates between 6.1 and 6.5 percent will motivate them to enter the market.
  • While mortgage rates are unpredictable and tied to external factors, most experts are predicting rates to only fall between 5.9 and 6.1 percent.

Budge Huskey Debunks the Myths of the NAR Settlement

Retrieved on: 
Tuesday, March 26, 2024
Tax, Environment, Trust, Sale, MLS, National Association, Emotion, Economics, National Association of Realtors, Real estate

Budge Huskey, president and chief executive officer of Premier Sotheby’s International Realty shares the facts below for buyers and sellers.

Key Points: 
  • Budge Huskey, president and chief executive officer of Premier Sotheby’s International Realty shares the facts below for buyers and sellers.
  • Since the settlement announcement, there have been numerous articles and stories in the media on what this means for buyers and sellers.
  • False
    The settlement in no way establishes any standard or limitation on Realtors for what they may charge, nor the services they elect to deliver.
  • The settlement will, for the first time, allow sellers to no longer pay compensation for an agent bringing the buyer.

Coldwell Banker Seaside Realty Names Vandermyde Group As Team Of The Year For 2023

Retrieved on: 
Tuesday, April 9, 2024
Professional, KILL, Team of the Year, Trust, Top, HDR, MLS, National Association of Realtors

KILL DEVIL HILLS, N.C., April 8, 2024 /PRNewswire-PRWeb/ -- Coldwell Banker Seaside Realty is excited to announce the VanderMyde Group as winner of the firm's Team of the Year award for 2023.

Key Points: 
  • KILL DEVIL HILLS, N.C., April 8, 2024 /PRNewswire-PRWeb/ -- Coldwell Banker Seaside Realty is excited to announce the VanderMyde Group as winner of the firm's Team of the Year award for 2023.
  • "-Pamela Smith, Vice President of Coldwell Banker Seaside Realty.
  • For the seventh consecutive year, the VanderMyde Group led the firm in listings, units and sales volume.
  • The VanderMyde Group was also the #1 Listing Team of the Year and earned the
    2023 Coldwell Banker International President's Circle Team award—a prestigious recognition given only to the top 10% of all sales associate/representative teams worldwide.

Texas Homebuyers Remain Satisfied with the Real Estate Process

Retrieved on: 
Friday, April 5, 2024
Professional, National Association of Realtors, Real estate

AUSTIN, Texas, April 5, 2024 /PRNewswire/ -- While mortgage rates and home prices have risen over the last several years, the vast majority of Texas homebuyers and sellers show continued confidence in the homebuying and selling process as well as a high level of satisfaction with the real estate agents who assist them. The 2024 Texas Homebuyers and Sellers Report from Texas Realtors also shows homebuyers consider their home purchase to be a good long-term investment.

Key Points: 
  • AUSTIN, Texas, April 5, 2024 /PRNewswire/ -- While mortgage rates and home prices have risen over the last several years, the vast majority of Texas homebuyers and sellers show continued confidence in the homebuying and selling process as well as a high level of satisfaction with the real estate agents who assist them.
  • The 2024 Texas Homebuyers and Sellers Report from Texas Realtors also shows homebuyers consider their home purchase to be a good long-term investment.
  • 91% of buyers and sellers were very or somewhat satisfied with the process of buying or selling their home.
  • "As Realtors, we have direct interactions with our clients and understand how much it means for them to buy or sell a home, invest in real estate, do a commercial transaction—whatever our real estate specialty may be," said Jef Conn, Chairman of Texas Realtors.

Coldwell Banker Seaside Realty Names The Heather Sakers Team As Top Producing Team In Kitty Hawk

Retrieved on: 
Thursday, March 28, 2024
Professional, Don Sakers, Communication, Perseverance, MLS, National Association of Realtors, Real estate

KITTY HAWK, N.C., March 28, 2024 /PRNewswire-PRWeb/ -- Coldwell Banker Seaside Realty was proud to recently announce The Heather Sakers Team as their Top Producing Team for the Kitty Hawk office.

Key Points: 
  • KITTY HAWK, N.C., March 28, 2024 /PRNewswire-PRWeb/ -- Coldwell Banker Seaside Realty was proud to recently announce The Heather Sakers Team as their Top Producing Team for the Kitty Hawk office.
  • Heather and her team also earned the Coldwell Banker International Sterling Society Team Award, an esteemed honor given to the top 27% of all sales associate/representative teams worldwide.
  • The Heather Sakers Team consists of team leader, Heather Sakers, along with team members Ann Taylor Lusk and Charles Gill.
  • Coldwell Banker Seaside Realty has once again sold the most* real estate on the Outer Banks!

JND Legal Administration Named #1 Class Action Claims Administrator by The National Law Journal for Fourth Consecutive Year

Retrieved on: 
Tuesday, March 26, 2024
Government, The National Law Journal, New York Law Journal, Trust, Warner Bros. Discovery EMEA, ALM, History, NLJ, JND, Fortune 500, National Association, National Association of Realtors, Pharmaceutical industry

SEATTLE, March 26, 2024 /PRNewswire/ -- JND Legal Administration (JND), the U.S. leader in legal management and administration services, has again been named the nation's #1 Class Action Claims Administrator by The National Law Journal (NLJ) in its 13th annual 'Best Of' supplement. Having been voted the #1 Class Action Claims Administrator for four consecutive years, JND has received the additional distinction of being listed in the NLJ Hall of Fame for the third time.

Key Points: 
  • SEATTLE, March 26, 2024 /PRNewswire/ -- JND Legal Administration (JND), the U.S. leader in legal management and administration services, has again been named the nation's #1 Class Action Claims Administrator by The National Law Journal (NLJ) in its 13th annual 'Best Of' supplement.
  • Having been voted the #1 Class Action Claims Administrator for four consecutive years, JND has received the additional distinction of being listed in the NLJ Hall of Fame for the third time.
  • JND was founded by Jennifer Keough , Neil Zola and David Isaac in 2016 and was named #1 Class Action Claims Administrator in the country by the National Law Journal in its very first year of operation.
  • "We are honored that the readers of the National Law Journal have selected JND as the nation's top class action claims administration firm for the fourth straight year," says Jennifer Keough , CEO of JND.

Tampa Bay Real Estate Company Eliminates Commission Offerings From Multiple Listing Service As A Result Of NAR's Settlement Agreement

Retrieved on: 
Saturday, March 23, 2024
Real estate, Plaintiff, Tampa Bay area, Fox 9, NAR, Sale, Interview, Local, Estate (law), MLS, National Association of Realtors, Multiple listing service, Estate agent, Multimedia

SPRING HILL, Fla., March 23, 2024 /PRNewswire-PRWeb/ -- The National Association Of Realtors last week announced a bombshell, NAR has agreed on a settlement of a lawsuit regarding real estate commissions to the tune of $418 Million. The Sitzer-Burnett case is a class action lawsuit that was filed in Missouri Federal Court by a group of Home Sellers against NAR and other defendants. On October 31st 2023 with just 3 hours of deliberation the jury in the case delivered a blow to NAR with a surprise verdict that sided with the Plaintiffs. NAR of course was to appeal the case, however just last week announced a settlement agreement with the plaintiffs. In part the settlement agreement will require NAR to pay out $418 Million over the next 4 years, and the Association has agreed to have all commissions removed from MLS as well as abolish cooperation rules that require listing agents to make an offer of compensation to a buyer's agent on MLS. These new rules go into effect Mid July, assuming the Judge signs off the settlement agreement, which has not happened just yet.

Key Points: 

Two From Fairway Independent Mortgage Corporation Named as Women of Inspiration by NMP Magazine

Retrieved on: 
Tuesday, March 12, 2024
Culture, Growth, EVP, Committee, Knowledge, MBA, Council, Fairway, National Association of Realtors, Management

MADISON, Wis., March 12, 2024 /PRNewswire/ -- Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D.

Key Points: 
  • MADISON, Wis., March 12, 2024 /PRNewswire/ -- Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D.
  • Power 2023 U.S. Mortgage Origination Satisfaction Study, announced that two of its team members were named Women of Inspiration by National Mortgage Professional Magazine.
  • Carrie Guarrero and Kelly Rogers were selected by NMP Magazine for the honor that recognizes women who are trailblazers, visionaries, and leaders of the mortgage profession.
  • Guarrero has been with Fairway for nine years and is the EVP Communications Advisor for Fairway and the EVP of Sales for Fairway Ignite, and continues as a Producing Branch Manager for Fairway.

United Real Estate Delivers 13% Growth in Agent Count Despite 2.1% Fewer Agents Industry-Wide

Retrieved on: 
Thursday, February 22, 2024
Axios, Real estate, National Association, Forecasting, Investment, News, Growth, National Association of Realtors, Sale, Learning, COVID, NAR, Population growth, Housing

DALLAS, Feb. 22, 2024 /PRNewswire-PRWeb/ -- United® Real Estate (United), the major-market residential division of United Real Estate Group, posted strong net agent count growth throughout all four quarters of 2023, outperforming the national real estate market by 14.7% at year-end 2023 and exceeding the 20,000-agent mark.

Key Points: 
  • DALLAS, Feb. 22, 2024 /PRNewswire-PRWeb/ -- United® Real Estate (United), the major-market residential division of United Real Estate Group, posted strong net agent count growth throughout all four quarters of 2023, outperforming the national real estate market by 14.7% at year-end 2023 and exceeding the 20,000-agent mark.
  • NAR reported a 1.7% annual decrease in the number of real estate agents nationwide in 2023.
  • United Real Estate's total number of affiliated real estate professionals increased 13% during 2023, growing from 18,102 agents at year-end 2022 to 20,467 agents at year-end 2023.
  • United's upward trend in agent count does not follow the conventional trend of contraction observed during real estate market downturns.

Zonda Acquires BDX and the Leading Consumer Website for New Construction Home Listings

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, United States census, Beazer Homes USA, National Association, COVID-19, PulteGroup, Lennar, Marketing, KB Home, 3D, National Association of Realtors, Floor, Catalog, Habit, BDX, Envision, UTour Golf, Community, Benchmarking, Online shopping

NEWPORT BEACH, Calif. , Feb. 21, 2024 /PRNewswire-PRWeb/ -- Zonda, the leading provider of data-driven housing market solutions for the homebuilding industry, today announced it has acquired Builders Digital Experience (BDX), which includes NewHomeSource.com, the largest new construction home listings platform in the U.S., and Envision, the leading new home design platform.

Key Points: 
  • NewHomeSource.com is the largest portal for new construction listings, and Envision is used by major U.S. home builders to help buyers visualize their future home and customize finishes based on their budget.
  • The demand for new construction remains clear – especially as homeowner needs evolved following the Covid-19 pandemic.
  • Zonda also operates Livabl, Canada's leading new construction home listings portal.
  • Data based on Zonda calculation using data from National Association of Realtors and U.S. Census data.