National Association of Realtors (NAR)

Ramifications of NAR settlement to strain profits for lean-margin real estate brokerages

Wright has served in the interim CEO role since November 2023.

It’s the end of ‘Business as usual’ for real estate agents as they know it. Loan officers can aid in the transition.

Cooling demand in May and June put downward pressure on price gains

Existing homes sold in June at a rate only 40,000 units above that experienced in October 2023 — when mortgage rates kissed 8% — and 1.5 million units lower than June 2019.

The 54,300 existing homes international clients bought from April 2023 to March 2024 is 36% fewer annually.