Existing-home sales dropped in January, as high mortgage rates and rising home prices continued to squeeze buyers, according to the National Association of Realtors (NAR). Existing-home sales fell 4.9 percent in January to a seasonally adjusted rate of 4.08 million.
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A drop in expenses was enough to offset falling revenue from franchise fees and annual dues that make up about 70 percent of RE/MAX’s revenue, the company said on Thursday.
As homeowners figure out what to do next, the city continues to search for some semblance of organization in the recovery. Agents are caught in-between trying to do the best they can to help their clients — sometimes while homeless themselves.
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…