National News
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According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.
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Other settlements are still awaiting final approval, including the $418 million settlement with NAR.
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Zillow attributes this trend to a growing sense of nostalgia for easier times.
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Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.
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NAR previously said the changes were expected to start in mid-July.
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The typical amount donated annually was $1,000, up from $800 in 2022.
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HomeServices of America is the last defendant to settle in the case.
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CoStar Group Inc., a global real estate information marketplace, will acquire Matterport, which pioneered the development of “digital twins”: the 3D capture method which can deliver photorealistic, virtual home tours.
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The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.
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NAR and other housing groups backed the lawsuit and submitted statements to the justices.
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Among the top award recipients were the Allan & Murphy Luxury Property Group, which was named the No. 15 small team in the brokerage’s global network.
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An appeals panel ruled the DOJ could resume its antitrust investigation into NAR.
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Pareja replaces former CEO Glenn Sanford, who will maintain his roles as founder, chairman and CEO of eXp World Holdings.
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Millennials surpassed baby boomers to make up the largest share of homebuyers last year, according to NAR’s latest Home Buyers and Sellers Generational Trends report.
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In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.
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NAR’s Katie Johnson explains what’s next for Realtors in the wake of the association’s legal settlement.