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. 

NAR’s Katie Johnson explains what’s next for Realtors in the wake of the association’s legal settlement.

NAR will prohibit offers of broker compensation or commission on the MLS.

U.S. home prices are 24 times higher than they were in 1963 — while overall inflation is just 10 times higher.

Willis previously served as Keller Williams president from 2002 to 2005 and CEO from 2005 to 2015.

NAR President Kevin Sears also raised concerns about Biden Administration regulations that could create hurdles to affordability. 

If your buyer is having a hard time moving on from 2021 and accepting the reality of today’s rates, a history lesson may help.