Flat-fee models were less affected by side reductions in bad years, possibly due to part-time agents with diverse income sources.
Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage.
Mirroring the trend for new home sales(+4.4%), pending home sales rose 0.9% in July, according to data released by NAR.
HousingWire Lead Analyst Logan Mohtashami appeared on CNBC Wednesday to talk about the health of the housing market.