National News

NAR: Existing-home sales rise for third month in a row in December 

The median existing-home price for all housing types in December rose 6% from its year-ago level.    

Mark Willis steps down as CEO and president of Keller Williams, transitions to chief leadership officer

Willis initially served as president from 2002 to 2005 and as CEO from 2005 to 2014. He then resumed the post of CEO in November 2023 and took over as president again in March of last year.

Phoenix home sales jump year over year in December 

Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said. 

73% of owners have regrets about their home purchase, survey finds

Those regrets may explain why the survey also found that 59% of respondents said they plan to move in 2025.

99% of local homes are too pricey for typical Scottsdale and Glendale residents

In 28 cities across the nation, the typical local family can afford less than 1% of for-sale properties. Among them: Glendale and Scottsdale.

The 2025 SP 200: Power players in Phoenix real estate

Matt Widdows, founder and CEO of Scottsdale-based HomeSmart, was the highest ranking Phoenix leader on the list at No. 25.

November pending home sales top expectations, hitting highest level since February 2023 

In its last reading before the end of the year, the National Association of REALTORS®  Pending Home Sales Index posted its fourth consecutive monthly increase in November. 

NAR says Phoenix REALTORS® is ‘violating’ bylaws, moves to revoke charter

The National Association of REALTORS® will move to revoke Phoenix REALTORS’® charter following the local association’s refusal to “categorically withdraw” MLS Choice.

New-home sales rise 5.9% month over month in November

The median-sales price slid from $425,600 in October to $402,600 last month. 

Economist Matthew Gardner’s predictions for real estate in 2025

Matthew Gardner shares his predictions for the housing industry in 2025.

NAR: Existing-home sales rise in November for sharpest gain since 2021

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 

COMPASS acquires @properties and Christie’s International Real Estate

COMPASS has acquired @properties and Christie’s International Real Estate.

NAR lawsuit settlement receives final approval in federal court

Ruling brings an end to the Sitzer-Burnett legal saga.

Family, friends and funds: The big motivators for relocation in 2024

Realtors say about one-third of their relocation clients moved to be closer to friends and family this year, according to the National Association of REALTORS®.

Case-Shiller: Home prices hit an all-time high for the 16th month in a row in September 

Despite the new record in September, the rate of increase continues to slow. 

Builder confidence increases for the third straight month

Builder confidence in the market for newly built single-family homes increases again.

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