A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high.
Tag: home sales
Homes in November Sold at Fastest Pace in 10 Months
Home sales in the United States increased in November, owing to low mortgage interest rates and a strong labor market. The National Association of Realtors reported Wednesday that existing-home sales increased 1.9 percent from the previous month to a seasonally adjusted annual rate of 6.46 million, the highest rate since January. November sales were down… Continue reading Homes in November Sold at Fastest Pace in 10 Months
Home Sales Set to Hit the Highest Pace Since 2006
Home sales in the United States increased in October, as buyers continued to compete for a limited number of available properties. The National Association of Realtors reported Monday that existing-home sales increased 0.8 percent from the previous month to a seasonally adjusted annual rate of 6.34 million, the highest rate since January. Sales fell 5.8… Continue reading Home Sales Set to Hit the Highest Pace Since 2006
Swift Home Sales Forcing Buyers to Take Risks
American home buyers are having to act faster than ever before in order to close a deal, forcing many of them to make hasty decisions about which house to buy and where to live. According to a survey released Thursday by the National Association of Realtors, home sales between July 2020 and June 2021 sat… Continue reading Swift Home Sales Forcing Buyers to Take Risks