Browsing: National Association of Realtors

Mortgage rates went above 7 percent for the first time this year, according to new data released Friday by Freddie Mac.  The average 30-year fixed-rate mortgage increased to 7.1 percent this week, up from 6.88 percent the previous week.  “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or…

An appeals court granted the Department of Justice (DOJ) authority to reopen an antitrust probe into the National Association of Realtors (NAR) Friday. In a 2-1 decision, a District of Columbia Circuit Court of Appeals panel of judges reversed a lower court decision to “set aside” a 2021 investigative subpoena from the Antitrust Division of…

A significant settlement reached between the National Association of Realtors (NAR) and home sellers on Friday could bring major changes to the real estate world. The full implications of the $418 million settlement for the U.S. housing market are not yet clear. Even so, NAR’s agreement to eliminate long-standing rules governing broker commission fees will reduce…