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Real Estate News

Latest Realty News from NAR

Existing-Home Sales Soften Further in August

WASHINGTON (September 22, 2016) — Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums... Read More

NAR Study Finds Real Estate Firms Have Positive Outlook, Despite Sales Volume Decrease

WASHINGTON (September 20, 2016) – The vast majority of real estate firms have an optimistic outlook for the future of the industry’s profitability and growth, according to the National Association of Realtors® 2016 Profile of Real Estate Firms. Profitability expectations have declined from the 2015 survey, mainly due to inventory shortages and home-price growth, but real estate firms remain confident about their overall future profitability.

The report is based on a survey of firm executives who are... Read More

NAR Settles Patent Dispute with Data Distribution Technologies, LLC

WASHINGTON (September 20, 2016) – Data Distribution Technologies, LLC (“DDT”) and the National Association of Realtors® (“NAR”) have settled several proceedings relating to U.S. Patent No. 6,529,908, titled Web-updated database with record distribution by email, including an Inter Partes Review of the patent requested by NAR. The terms of the settlement agreement include a covenant not to sue by DDT as to all NAR members, local and state associations, MLSs, affiliates, and certain other NAR-related entities.

The National Association of Realtors... Read More

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Michael Tarantino
West Shore Realty
844 East Broadway
Milford, CT 06460
203-874-0523
Email Michael

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Michael Tarantino  |  203-874-0523  |  Email Michael
West Shore Realty  |  844 East Broadway, Milford, CT 06460