New real estate rules threatened to upend homebuying for Americans. Here’s what experts say has changed > 자유게시판

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New real estate rules threatened to upend homebuying for Americans. He…

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작성자 Hannah Neuman 작성일25-03-02 09:30 조회4회 댓글0건

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With mortgage rates hovering around 7% for the last six months and average home prices across the US continuing to rise, the new rules, which took effect in August, had spurred hope that commissions paid to real estate professionals would plunge, making homebuying and selling less expensive for average Americans. Last year, TD Cowen Insights estimated that the new rules could cause fees paid to Realtors to fall by 25% to 50%.

Chronic underbuilding has led to a shortage of new homes, driving up prices, but there have been signs that prices have leveled off in the rental market.
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Instead, commissions have remained largely unchanged since August, according to a study released this month by real estate platform Redfin. For kra28 cc relatively lower-priced homes that sold for under $500,000, Redfin found that the average commission has increased since the rules took effect.

Representatives from NAR did not provide a comment when asked about the settlement.

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