NAR CEO Dale Stinton to Retire, Search Firm Retained

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WASHINGTON (December 28, 2016) –  After 36 years of service, National Association of Realtors® CEO Dale Stinton will retire from the association in 2017. Chicago-based executive search firm Heidrick & Struggles has been retained to find Stinton’s replacement.

Stinton took over as CEO in November 2005. Previously, he served as chief financial officer and chief information officer since 1998 and was named acting CEO and executive vice president in 1996. Stinton demonstrated exceptional leadership and business savvy in bringing continued success to the… Read More

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Pending Home Sales Backpedal in November

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WASHINGTON (December 28, 2016) — Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors. Only the Northeast saw monthly and annual pending sales gains last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.5 percent to 107.3 in November from 110.0 in October. After last month's decrease in activity,… Read More

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