The stagnant housing market has made it difficult for brokerages and franchises to grow, but one of the more effective ways to do so in the current environment is to add more agents. That’s bad news for RE/MAX’s business in the U.S. During the company’s fourth-quarter earnings call on Friday, RE/MAX disclosed that its U.S….
"February 21, 2025" Archives
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Another antitrust lawsuit related to the National Association of Realtors‘ (NAR) three-way membership agreement is facing a motion to dismiss. On Thursday, the Pennsylvania Real Estate Commission, which is a defendant in the Moore suit, filed a motion to dismiss for lack of jurisdiction and/or failure to state a claim. The motion was written by…
The Mortgage Bankers Association (MBA) has revised its previous 2025 mortgage forecast, raising its projection for purchase originations while trimming projections for refinances from its January forecast. Its updated forecast, released Feb. 19, put this year’s total origination volume at a projected $2.055 trillion, up slightly from January’s $2.052 trillion forecast. The MBA still forecasts…
Existing-home sales started the year on a down note, dropping 4.9% month over month to a seasonally adjusted annual rate of 4.08 million in January, according to data released Friday by the National Association of Realtors (NAR). Despite the monthly decrease, existing-home sales were up 2% compared to the same month last year, marking the…