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Top 3 national association of realtors News Today

#1
NAR chief economist offers ‘best guess’ about Fed rate cuts
#1 out of 3
business1d ago

NAR chief economist offers ‘best guess’ about Fed rate cuts

  • Lawrence Yun, NAR chief economist, says a single 50-basis-point rate cut may occur this summer.
  • Oil price dynamics could influence the timing of rate cuts, Yun says.
  • Mortgage rates may stay near 7% if energy costs stay elevated, Yun warns.
  • NAR revised its 2026 home-sales forecast downward, trimming the year-over-year gain.
  • The economy is not in a recession, Yun says, but confidence remains weak.
  • Fed Chair Powell's term ending soon could affect rate decisions, Yun notes.
  • Warsh's hawkish stance in past years shapes expectations for cuts, Yun adds.
  • The upcoming energy market trajectory remains a key variable for policy and housing.
  • Yun cites resilience in some employment data despite limited job gains.
  • The Latest: Powell's successor could influence mid-year rate decisions.
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#2
Broker Excellence Takes Center Stage
#2 out of 3
business1d ago

Broker Excellence Takes Center Stage

  • Brokers at Michigan and Maryland summits emphasized professionalism and ethics as core to agent success.
  • NAR executives pitched a three-way agreement to boost broker collaboration with state and local associations.
  • Sessions covered recruiting and retaining new agents through culture and training investments.
  • Panels addressed real estate fraud risks and safeguarding seniors from financial exploitation.
  • Experts discussed technology adoption and AI risks for brokerages and operations.
  • Advocacy updates highlighted RPAC funding and lobbying efforts at state level.
  • MD and MI events showcased legislative recap and updates on real estate policy.
  • NAR highlighted the Realtors Property Resource (RPR) as a high-value member resource.
  • Michigan and Maryland summits drew brokers from multiple offices to share best practices.
  • NAR reporters emphasized ongoing content development and broker-led program improvements.
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#3
Batton plaintiffs move to block NAR deal in commissions case
#3 out of 3
business7h ago

Batton plaintiffs move to block NAR deal in commissions case

  • Batton plaintiffs file for a preliminary injunction to block NAR's Tuccori settlement in the related commissions case.
  • NAR joined the Tuccori settlement via an opt-in provision, paying about $52.25 million to resolve claims.
  • Proposed settlement is described as a 'reverse auction' by Batton plaintiffs, who seek to stop the deal.
  • Batton argues the Tuccori deal undervalues harms to the homebuyer class and ends litigation prematurely.
  • Other opt-ins include Anywhere Real Estate, United Real Estate, and Compass, potentially influencing Batton's challenge.
  • The Tuccori settlement amount contrasts with earlier Sitzer/Burnett payouts and prior 'icebreaker' cases.
  • Batton plaintiffs say the Tuccori deal could pressure ongoing race-to-the-bottom settlements.
  • The case landscape includes prior refusals and later appeals as the Batton plaintiffs challenge settlements.
  • The article notes the Tuccori settlement covered multiple entities beyond NAR, including state and local associations and some MLSs.
  • The Batton case involves a direct action against NAR, contrasting with Tuccori's broader opt-in framework.
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