NAR Reports Existing Home Sales Tumble in March, Hit 16-Year Low

According to the National Association of Realtors (NAR), U.S. existing-home sales fell in March 2025, with declines observed across all four major regions. Compared to March 2024, sales were down in the Midwest and South, up in the West, and unchanged in the Northeast. Market Overview Total existing-home sales -- which include single-family homes, townhomes, condominiums, and co-ops -- dropped 5.9% from...

Democratic senator open to working with HUD on federal land for housing

One Democratic senator is reaching across the aisle on a key housing agenda item for the Trump administration: developing housing on federal land. Semafor reported that Arizona Sen. Ruben Gallego, who sits on the powerful Senate Banking Committee, submitted a letter to both HUD Secretary Scott Turner and U.S. Department of the Interior (DOI) Secretary Doug Burgum in an effort to find common ground on...

DC’s housing market is shifting rapidly. Are federal layoffs driving it?

President Donald Trump has shifted federal economic policy in a big way since his inauguration on Jan. 20. Housing markets across the country will no doubt be impacted in some way, but one city is a special case — Washington, D.C. That’s because the Trump administration made reductions to the federal workforce a priority, resulting in an unknown number of civil servants who’ve lost their...

Keller Williams lands new affiliate in Illinois

Keller Williams is continuing to expand its network. On Thursday, the firm announced the affiliation of Illinois-based PRG Group with KW Premiere Properties. PRG Group, which was doing business as Realty Executives Premiere, was a franchisee of Wheaton, Illinois-based Realty Executives International. According to a news release, PRG Group sold 277 units in 2024, generating $130 million in sales...

Reverse mortgage conversion software adds Smartfi proprietary product

The HECM Tool — a software platform designed to serve as a reverse mortgage sales conversion tool — announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platform’s existing visualization and comparison capabilities. The platform was developed by reverse mortgage industry veteran Tane Cabe. It’s designed to offer a broader set of...

Real Brokerage fires CFO, names Ravi Jani as successor

The Real Brokerage has named Ravi Jani as its new chief financial officer. His appointment is effective immediately and follows the departure of former CFO Michelle Ressler, who was terminated amid an ongoing internal investigation. Jani, who joined Real in September 2023 as vice president of investor relations and financial planning and analysis, steps into the role as the company experiences...

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