This week the Federal Reserve did follow through with its much-anticipated interest rate reduction as expected by many Wall Street analysts.
According to recent data from the National Association of Realtors, existing-home sales saw an improvement in July 2024, halting a four-month streak of declines.
The National Association of Realtors is busy now reminding its 1.5 million NAR members, real estate professionals, and consumers that on August 17, important practice changes resulting from NAR's DOJ Settlement Agreement, addressing claims related to broker commissions brought on behalf of home sellers, will be implemented nationwide.
All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.