The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

NAR Chief Economist Lawrence Yun expects a pre-election interest rate cut this fall — the first of six to eight rounds.

The U.S. housing shortage grew to about 4.5 million homes in 2022, an increase from 4.3 million the previous year, according to Zillow.

The money raised will go to nonprofit organizations that support the U.S. military community.

“NAR’s proposed settlement agreement largely duplicates the rules and practices in place in NWMLS’ service area for several years,” NWMLS said.

VA Deputy Director of Policy Michelle Corrdion announced that the department would temporarily lift its ban.

Horton served as chairman of D.R. Horton Inc. since it was formed in July 1991.

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a new Redfin report.  As of May 15, the typical 30-year fixed mortgage rate was 6.99%, down from

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

NAR previously said the changes were expected to start in mid-July.

HomeServices of America is the last defendant to settle in the case.

At World Properties LLC, the Chicago-based company that owns @properties and Christie’s International Real Estate, has agreed to settle all claims brought by sellers relating to broker commissions.

The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.

NAR and other housing groups backed the lawsuit and submitted statements to the justices.

An appeals panel ruled the DOJ could resume its antitrust investigation into NAR.