NAR stands with CEO amid turmoil
NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.
August 31, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Mortgage rates level off but remain above 7%The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.August 31, 2023
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- High home prices in June foretold a tough summer for buyersThe latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall.August 29, 2023
- NAR president resigns in the wake of sexual harassment allegationsJust two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.Updated August 28, 2023
- Allegations paint picture of sexual harassment, ‘culture of fear’ at NARA New York Times article details complaints from women about NAR and its president's “predatory” behavior.August 26, 2023
- Zillow acquiring title company after shuttering closing divisionThe purchase of Spruce will allow Zillow to build “a tech-forward, high-volume title company for the future,” the company said.August 25, 2023
- Mortgage rates surge to new heightsFor the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.August 24, 2023
- New home sales still hot, but will fall bring a chill?New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.August 23, 2023
- MLSs are coming back online after 2 weeks in the darkRapattoni is gradually restoring service following a cyberattack that shut down the MLS service provider on Aug. 9.August 22, 2023
- KW to slash profit sharing for former agentsStarting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.August 22, 2023
- RE/MAX to reduce workforce by 7%In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.”August 21, 2023
- New homes shrink as costs of buying growThe median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.August 21, 2023
- eXp agents facing 'catastrophic' Rapattoni outage get Northstar fixMore than 4,000 eXp Realty agents in 12 markets will be helped by NorthstarMLS, which has offered to assist other major companies as well.August 19, 2023
- Mortgage company, brokerage fined nearly $2 million for 'kickbacks'The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.August 18, 2023
- Mortgage interest rates hit highest level in more than 20 yearsAfter a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.August 17, 2023
- Zillow scores victory in REX case ahead of trialA judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.August 16, 2023
- Upward mobility isn’t cheap for U.S. homebuyersA new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.August 14, 2023
- 3 things to know about REX’s lawsuit against ZillowWhen the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.August 14, 2023
