LOS ANGELES (Nov. 19) – California home sales rebounded in October, reversing two straight months of sales declines and registering the fastest year-over-year sales pace in 40 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Sacramento, Calif. – The Department of Real Estate (DRE) is alerting consumers that the rules around buyer representation and agent compensation in real estate purchase transactions is changing.

At its Monday, Nov. 11 meeting, the National Association of REALTORS® Board of Directors approved NAR’s operating, advocacy and Consumer Ad Campaign budgets and approved a membership figure of 1.4 million to serve as the basis for dues revenue in the 2025 budget. To date in 2024, membership continues to track ahead of forecast, NAR Treasurer Greg Hrabcak reported. (For more on the membership count, see “Strength in Numbers.”)

LOS ANGELES (Nov. 11) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has installed its 2025 Leadership Team. Leading the team is C.A.R. President Heather Ozur, a licensed Palm Springs REALTOR® with more than two decades of experience. Serving with Ozur are President-elect Tamara Suminski, Treasurer Mark Peterson and Chief Executive Officer Phil Hawkins. The 2025 officers begin their official term this week at the close of the NATIONAL ASSOCIATION OF REALTORS® (NAR) Conference and Expo held in Boston, Mass.

BOSTON (November 8, 2024) – The worst of the housing inventory shortage is coming to an end, mortgage rates are stabilizing and job additions are continuing, according to NAR Chief Economist Lawrence Yun.

WASHINGTON (November 7, 2024) – Approximately 90% of metro markets (196 out of 226, or 87%) registered home price gains in the third quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.08% to 6.95%, according to the National Association of REALTORS®’ latest quarterly report. Seven percent of the 226 tracked metro areas recorded double-digit price gains over the same period, down from 13% in the second quarter.

LOS ANGELES (Nov. 7) – Slower home price growth and more favorable interest rates in third-quarter 2024 buoyed California’s housing affordability from both the previous quarter and a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

The American dream of homeownership is facing its toughest test in a generation. With mortgage rates having only recently dropped from nearly 7%, home prices at record highs, and inventory limited, many would-be buyers feel boxed out of the market.

WASHINGTON (November 4, 2024) – The first-time homebuyer market share decreased to a historic low of 24% (down from 32% last year), while home buyers’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors®' 2024 Profile of Home Buyers and Sellers.1

WASHINGTON (November 1, 2024) – Today, National Association of Realtors® (NAR) President Kevin Sears released the following statement in response to Congress introducing the Renewing Opportunity in the American Dream (ROAD) to Housing Act:

More listings are coming to the real estate market, but home sales continue to be sluggish. Read more from NAR’s latest housing report.

WASHINGTON (October 23, 2024) – Existing-home sales drew back in September, according to the National Association of REALTORS®. Three out of four major U.S. regions registered sales declines while the West experienced a sales bounce. Year-over-year, sales fell in three regions but grew in the West.

LOS ANGELES (Sept. 25) – A more favorable interest rate environment that will loosen up the “lock-in” effect and improve housing inventory will encourage buyers and sellers to return to the market to boost both home sales and prices next year, according to a housing and economic forecast released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

LOS ANGELES, Calif. (Sept. 24) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement on the passage of C.A.R.-sponsored bill AB 2992 (Nguyen)

WASHINGTON (September 19, 2024) – Existing-home sales fell in August, according to the National Association of REALTORS®. Three out of four major U.S. regions posted sales declines while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast.

LOS ANGELES (Sept. 17) – California home sales hit a seven-month low in August, as buyers held out despite interest rates that dipped to the lowest level since spring, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

I’m reaching out to share important information about Proposition 33, which will be on the upcoming November ballot. As your REALTOR®, I want to make sure you are informed about how this could impact homeowners in California.

It’s been a big summer for real estate in Texas and America. According to recent data, the number of homes for sale across the country sits at a post-pandemic high. This is welcome news for buyers as the housing market slowly but surely finds its footing.

CHICAGO (September 4, 2024) – The National Association of Realtors® today announced the 10 finalists for its 2024 Good Neighbor Awards, which honor NAR members who make extraordinary differences in their communities through volunteer work by giving time, money, energy and expertise to uplift people. Now in its 25th year, the Good Neighbor Awards have recognized 250 Realtors® making an impact in 43 states, Puerto Rico and 17 countries worldwide.

CHICAGO (August 29, 2024) – The National Association of Realtors® is proud to announce that Tether RE won the sixth annual Pitch Battle competition at the 2024 Innovation, Opportunity & Investment (iOi) Summit(link is external).

WASHINGTON (August 29, 2024) – Pending home sales in July retreated 5.5%, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses in transactions. Year-over-year, the Northeast rose while the Midwest, South and West registered declines.

SAN DIEGO (Aug. 27) – San Diego region’s housing supply challenges took center stage last week during the Center for California Real Estate’s (CCRE) multi-sector solutions discussion highlighting the urgent need for increased affordable housing development.

LOS ANGELES (Aug. 20) – Fueled by the lowest interest rates since spring, California home sales rebounded in July to reach a five-month high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

CHICAGO (August 19, 2024) - The National Association of Realtors® (NAR) has named Nykia Wright its permanent Chief Executive Officer, effective immediately.

LOS ANGELES (Aug. 13) – LOS ANGELES (Aug. 13) – Higher prices combined with elevated mortgage rates that pushed borrowing costs to all-time highs pulled California’s housing affordability down to the lowest levels in nearly 17 years during the second quarter of 2024, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Infographic: https://www.car.org/Global/Infographics/HAI-2024-Q2

NAR has launched a Call for Action asking members of Congress to cosponsor H.R. 5419, the Direct Seller and Real Estate Agent Harmonization Act, to ensure real estate agents maintain their independent contractor status under the Fair Labor Standards Act (FLSA).

LOS ANGELES (Aug. 8) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it has named Phil Hawkins as its new chief executive officer. Hawkins currently serves as chief executive officer for the Pacific West Association of REALTORS® (PWR), one of the largest local real estate associations in California.

CHICAGO (July 30, 2024) – The National Association of REALTORS® (NAR) today published new resources to help guide consumers on the impact of the March 15th settlement agreement ("Settlement") and support both REALTORS® and consumers as they navigate the changes required by the agreement.

To help members better understand and effectively implement the new business practices, as well as navigate conversations with clients about the changes, C.A.R. will be releasing new resources over the coming weeks.

LOS ANGELES (July 29) – Important regulatory updates, coming by end of year, plan to provide homeowners insurance options to consumers, according to a panel discussion last week hosted by the Center for California Real Estate. Panelists offered important tips on specific actions to take now to help better protect their homes and increase their chances of keeping their policies or to improve eligibility for coverage as the changes take effect.

CHICAGO (July 29, 2024) – Second Century Ventures, the strategic investment arm of the National Association of Realtors® and the most active global real estate technology fund, announced today the acceptance of seven companies to the 2024 REACH Commercial program. Launched in 2019, this marks the sixth cohort dedicated to scaling solutions for commercial real estate.

Though the summer housing market is in full swing, buyer enthusiasm has been tempered by still-high housing costs. New, existing and pending home sales all fell in May as buyers remained on the sidelines, hoping for more affordable conditions later in the year. Mortgage rates ranged from 6.86% to 7.22% in the second quarter, which, coupled with high home prices, meant that home shoppers in many markets simply could not afford to participate.

REALTORS® must implement business practice changes resulting from the NAR settlement in less than four weeks! Make sure you’re ready for the August 17, 2024, deadline! Some MLSs are implementing changes prior to August 17, so check with your MLS for your specific deadline.

The materials here are intended for reference by members, staff, and anyone supporting the National Association of REALTORS®. They will help provide background on current events related to the association and give you the tools to talk about them.

* Existing-home sales faded 5.4% in June to a seasonally adjusted annual rate of 3.89 million. Sales also slumped 5.4% from one year ago. * The median existing-home sales price bounced 4.1% from June 2023 to $426,900 – the second straight month it reached an all-time high and the twelfth consecutive month of year-over-year price gains. * The inventory of unsold existing homes rose 3.1% from the previous month to 1.32 million at the end of June, or the equivalent of 4.1 months' supply at the current monthly sales pace.

CHICAGO (July 18, 2024) – The National Association of Realtors® has announced the 12 companies participating in the Innovation, Opportunity & Investment (iOi) Summit's(link is external) Pitch Battle competition from August 28–29 in Chicago.

* Existing, single-family home sales totaled 270,200 in June on a seasonally adjusted annualized rate, down 0.8 percent from 272,410 in May and down 2.7 percent from 277,690 in June 2023. * June’s statewide median home price was $900,720, down 0.8 percent from May and up 7.5 percent from $837,850 in June 2023. * Year-to-date statewide home sales edged down 0.5 percent.

Number of existing homes bought by international buyers declined to 54,300 — the fewest since NAR began measuring in 2009