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NAR, Phoenix Realtors settle dispute over three-way agreement

The Phoenix Association of Realtors (PAR) has blinked first in its game of chicken with the National Association of Realtors (NAR). The groups announced Thursday that they’ve come to an agreement that will pare down PAR’s membership option to agents who are not Realtors, bringing PAR into compliance with NAR’s bylaws. The deal eliminates PAR’s…

Black households led first-time homebuyer market in 2024

Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62 percent purchasing their first home, according to new data released by Zillow Thursday. This continues a growing trend, with Black first-time buyers making up 55 percent of the market in 2022 and 63 percent in 2023.