Residential Real Estate

Redfin Says It Will Leave NAR

Redfin Says It Will Leave NAR

By James Sanna | October 2, 2023 | Reprints | Unlock Link

Amid fallout from a sexual harassment scandal at the very top of the National Association of Realtors and court cases that look set to force changes in buyer-broker compensation, one of the nation’s largest brokerages says it will require “many” of its agents to leave the group.

Mortgage Rates Hit 20-Year High

Mortgage Rates Hit 20-Year High

By Matt Ott and Alex Veiga | The Associated Press | August 18, 2023 | Reprints | Unlock Link

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.