San Francisco Chronicle’s Post

Buyers agents are crucial for home buyers AND sellers. Those advocating for drastic changes to this system without considering the impact on buyers with less generational wealth may unknowingly be promoting policies that could lead to greater homeownership inequality, greater risk and expense for low to moderate income buyers, more liability for sellers, and fewer buyers able to make offers on homes (making homes harder to sell and harming sellers). While there's certainly room for improvement in the real estate transaction, we should be wary of proposals from those who don't work directly in real estate transactions with first time home buyers who have less generational wealth.

Breaking News: The National Association of REALTORS® (N.A.R.) has settled for $418 million, promising a seismic shift in the U.S. real estate landscape by eliminating its standard 6 percent sales commission rules. This historic agreement, awaiting federal court approval, is hailed as a potential catalyst for "one of the most significant jolts in the U.S. housing market in 100 years," with economists predicting commission reductions by 30 percent. Remember what the Internet did to the Travel industry? This settlement will have the same impact. Changes expected: - Significant reduction in home selling costs - Enhanced competition among real estate agents - Increased affordability and accessibility for homeowners and buyers

$100 billion. That’s how much Americans spend on real estate commissions each year. But it’s about to be a lot less—possibly half as much, by some estimates—due to a settlement deal involving the National Association of Realtors. Why does it matter? It could keep housing prices in check at a time when homeownership has become out of reach for many, even in once more affordable heartland communities. In Columbus, for example, the housing deficit is growing as builders struggle to keep up with demand (link in the comments). What other impacts do you foresee? More sales? Fewer real estate agents?

Those who are looking to buy or sell a home in Central Austin this market comparison helps you understand the market fluctuation by zip code. If you would like a home valuation to better understand your home's value, please email us at hello@SEEDpropertygroup.com for a complimentary valuation. https://loom.ly/nQrTuaA #realestate #compassATX #austinrealestate #seedaustin #homevaluation

Buyer Beware - Changes in the U.S. housing market could mean you’ll be paying more out-of-pocket for your agent’s commission. Read Jordan Metzger and Matthew Love’s latest article to learn more about the new rules from the National Association of REALTORS®’s recent settlement agreement and how they might affect future home buying costs. https://lnkd.in/ehUzwkkq #realestatelaw #realestatecomission #housingmarket

In a transformative development for the real estate market, a class settlement promises to significantly reduce the expenses associated with purchasing homes. This settlement targets longstanding practices that have kept buying costs high, offering potential relief and more accessible homeownership. The implications suggest a reevaluation of how realtor fees and buying processes have traditionally been structured. #RealEstateInnovation #HomeBuyingCosts #ClassSettlement #RealtorFees #HomeOwnership https://lnkd.in/eMphtCWN

It may be a seller’s market in the Triangle, but that doesn’t mean your circumstances are ideal for selling your home. Fortunately, a new program called Sold it in a Snap can help sellers who are ready to move forward with a cash offer, all on their own terms. See how JAG agents Kim Myers - The Jim Allen Group and Jamie McGuire Real Estate are helping sellers looking to move fast with our latest post in the Triangle Business Journal: https://bit.ly/49oKaFY. #trianglehomes #inhabitthetriangle #ncrealestate #trianglenc #trianglerealestate #solditinasnap

Home prices in Atlanta; Detroit; Knoxville, Tennessee; and Charlotte, North Carolina, are rising faster than their historical trends, pinching buyers and sparking concerns of unrestrained growth. Atlanta is the nation's most overvalued housing market with buyers paying 40.94% higher than they should, according to the latest report from professors at Florida Atlantic University and Florida International University. The report covers single-family houses, townhouses, condominiums and co-ops. At the end of April, the average home price in Atlanta was $385,771. It should be only $273,710 based on publicly available price growth data dating back to 1996, according to professors Ken Johnson of FAU and Eli Beracha of FIU. Buyers in the second most overvalued market of Detroit are paying a 40.78% premium, while premiums in No. 5 Knoxville are at 37.41% and, in No. 8 Charlotte, at 35.45%. "The premiums in those four markets are the highest they've been, and it's all been happening in the presence of high interest rates," Johnson said in an interview with CoStar News. "It makes you nervous. What you worry about is overheated markets."

Thinking about buying or selling a home? If so, it's important to know what's happening in the housing market. Right now, the supply of homes for sale is growing, prices are on the rise, and homes are selling fast. First American Title Phone:609.528.6860 https://lnkd.in/e-ERz6s #FirstAmericanTitle #FirstAm #titleagency #titleinsurance #njrealestate #newjerseyrealestate #njtitle #njrealtors #njrealestateagents #newjerseytitle #NJTitleServices #NJRealEstateServices #springmarket

I was asked a few weeks ago in a deposition about homes can only go up in value right? I used this as a simple current example. I know this is a unique home and the buyer had a huge contract for the Broncs, but still shows the current market for the ultra high end homes in Denver might not be the best investment. 15% discount over 2 years might not be the best investment not to add the $100,000 a year taxes ($8,333 per month) and insurance that must be at least $3,000 a month. Oh, don't forget the $3,500 per month HOA. So add the extra $360,000 over 24 months for the above on top of the 15% cut in value. I failed to mention the broker fees and updates completed on home when purchased. FYI this info is all public records and nothing here is private and can be found on zillow or other real estate websites.