Here are the latest updates in the Santa Cruz real estate market!
🏠 Breaking News: National Association of Realtors (NAR) Found Guilty & Ordered to Pay $1.78 Billion in Damages 🏠
The National Association of Realtors announced Thursday that CEO Bob Goldberg will resign earlier than expected, as the group contends with the fallout from a federal lawsuit and a harassment scandal.
The leadership transition comes days after a federal jury found the association — and some residential brokerages, including units of Warren Buffett’s Berkshire Hathaway— liable for conspiring to artificially inflate commissions from home sales. The NAR was ordered to pay $1.78 billion in damages.
Replacing Goldberg is Nykia Wright, interim CEO, effective November 20.
What is happening in our national economy? And what about interest rates?
The central bank revealed on November 1 that the federal funds rate will remain at its current range of 5.25% to 5.5%, with that announcement marking the second consecutive time it has left rates unchanged after a similar pause in September.
Last, we take a look at the numbers for the Santa Cruz housing market for last month.
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Stay tuned for future updates, expert insights, and exclusive content to stay well-informed and confident in your real estate decisions. Remember, I’m Shemeika Fox, your Santa Cruz real estate expert and personalized real estate concierge, here to assist you on your real estate journey.
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