National News

NAR installs 2024 leadership team

Tracy Kasper was named 2024 president of the National Association of Realtors® during the organization’s annual event in Anaheim, California. 

NAHB: The two-car garage is king

Across the map, there’s a dominant parking option among single-family homes: the two-car garage. Sixty-six percent of new single-family construction in 2022 included two-car garages.

Income needed to afford the typical Miami home up 33%

New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.

Another lawsuit regarding buyer commissions — this time, in Illinois

In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

South Florida Housing Scorecard: Home sales slide in all three counties

Existing-home sales slid in Miami-Dade, Broward and Palm Beach counties, while days on market and housing inventory were mixed.

NAR names Nykia Wright interim CEO, replacing retiring Bob Goldberg

Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.

NAR, Keller Williams, HomeServices of America found liable of conspiring to inflate commissions

The National Association of REALTORS®, Keller Williams and HomeServices of America were found liable of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.

Miami ranks No. 6 in the U.S., Canada for Covid recovery 

A new study analyzed mobile phone data in the downtown areas of over 60 of the largest metros in the U.S. and Canada to determine the amount of unique visitors in each city and compared that data to 2019 volumes. 

Fulton Grace Realty expands into Florida with acquisition of DreamWorks Real Estate Inc.

Chicago-based Fulton Grace Realty has acquired DreamWorks Real Estate Inc., a brokerage headquartered in Stuart, Florida, marking its first expansion into the state.

Buyer agent commissions hang in the balance during federal case beginning this week

No matter what the jury decides, it could take years for the appeals process to work itself out, delaying any potential changes to agent commissions.

How to sell a home that’s — allegedly — full of ghosts

Four bedrooms, 2.5 bathrooms, original wood flooring … and a pattern of paranormal activity. These are the features agent Heather Bland had to manage when overseeing the sale of Whispers Estate — one of the Midwest’s most haunted homes.

This Miami ZIP code boasts the most new rental construction

The Miami ZIP code of 33301 ranked among the top 10 in the country in terms of new apartment construction, according to RentCafe.

Homebuyers from all demographics are waiting for the same thing: lower prices and mortgage rates

Two recent reports from the National Association of REALTORS® examine the challenges faced by today’s homebuyers from both the consumer’s and the Realtor’s perspective.

Mortgage rates hit highest level in more than 20 years

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

Houses before spouses: the best and worst states for single homeowners

House hunting was traditionally a couples’ game until Millennials and Gen Zers came into the picture. Now, many young individuals are plunging into the market solo.

Redfin to cut ties with NAR, citing recent sex harassment claims

Redfin said it will require many of its agents to leave NAR and the association has “forced an all-or-nothing choice on us,” and it would therefore “choose nothing.”

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