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The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
With 2024 existing home sales dropping to 4.06 million, the median sales price reached a record high of $407,500, according to the NAR. Mortgage rates are a key piece of the puzzle.
Per NAR data, the inventory of unsold existing homes was at a 4.1-month supply in June. It’s typically believed that a balanced market would require a 5- to 6-month supply.
The National Association of Realtors (NAR) publishes a monthly Housing Affordability Index which "measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data." [15] [3]
Homebuyers and home sellers would instead pursue commission negotiation with real estate professionals, where the rule comes as the result of a proposed $418 million settlement, as reported by USA ...
National Association of Realtors (formerly Sitzer v. National Association of Realtors ) is a class-action lawsuit challenging the fees charged by real estate agents in the United States. The case was filed against the National Association of Realtors and some of the largest brokerages in the country.
The settlement comes months after a federal jury in Missouri found the NAR and two brokerages liable for $1.8 billion in damages for conspiring to keep agent commissions artificially high. The NAR ...
The term “Realtor” (note the capital R) for example, is trademarked by the NAR, and if you’re not a dues-paying member, you’re just a real-estate agent. With about 1.5 million members, it ...