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Existing-home sales take a sleigh ride to the sky with highest jump since 2021

Housing Wire

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. The growth also bucks the historic trend of sales dropping between October and November.

Sales 436
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Keller Williams lands new affiliate in Illinois

Housing Wire

According to a news release, PRG Group sold 277 units in 2024, generating $130 million in sales volume. No one else came close to Keller Williams when we assessed the top brands in real estate for culture, training, and technology.

Land 362
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From consultation to closing: The definitive homebuying checklist

Housing Wire

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. Think of this as building a roadmap for their homebuying journey.

Closing 357
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The Federal Reserve’s housing recession dilemma

Housing Wire

The existing home sales market does not align with their dual mandate of ensuring stable personal consumption expenditures (PCE) or consumer price index (CPI) prices, as these measures account for rent. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy.

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Why title insurance is essential to the U.S. system of property rights

Housing Wire

By contrast, many European countries have a centralized, government-managed land registration system, which requires government review before property transfers are effective. system are the speed of the transfer, which in our system depends only on the parties being ready to close. Nor are the land records authoritative.

Title 400
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How a luxury real estate agent fell for a listing scam

Housing Wire

Why listing scams are on the rise Unlike home sales, land transactions often skip in-person meetings or property access, which makes it easier for scammers to impersonate legitimate owners without detection. Watch for these red flags Repeated use of the same property Scammers often recycle the same land listings. Use a service.

Agents 361
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Here’s why we won’t build millions of new homes

Housing Wire

Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at. We should note that existing home sales are in the third consecutive year of the lowest sales on record when you adjust to the workforce size.