"Real Estate Industry Faces Major Disruption in CNY as Sellers Push Back Against Commissions"

The National Association of Realtors has settled a $418 million lawsuit, leading to changes in commission policies for real estate transactions, giving homebuyers more power to negotiate costs. Buyers and sellers will now have to enter into a contract with their realtor and negotiate commission rates before viewing a home, with the option to decide who pays the fee. Despite these changes, the housing inventory remains low in Central New York, prompting efforts to address the city's housing challenges and create more affordable housing options.