Nashville Real Estate News
Nashville
NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever
Based on a press release March 15, 2024, the National Association of Realtors reached an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions.
Nonresidential Construction Spending in the U.S. Falls Sharply in January
According to the Associated Builders and Contractors analysis of data by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January 2024. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion.
Income Needed to Buy a Home in America Spikes 80 Percent During Biden Presidency
Based on new data from Zillow, U.S. home shoppers today need to make more than $106,000 to comfortably afford a median-priced home in America.
Pending Home Sales in U.S. Dip 5 Percent in January
Based on new data from the National Association of Realtors, U.S. pending home sales in January 2024 dropped 4.9%. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases.
