"Realtors Settlement Sparks Shift in Home Buying and Selling Practices"
The potential settlement by the National Association of Realtors has already prompted some Americans to change their behavior in buying and selling homes, with prospective buyers hoping for lower prices and sellers adjusting their commission offers. The $418 million settlement, if approved, will bring new rules for Realtors, potentially uncoupling commissions from home prices and leading to a more competitive housing market. Many believe this could result in lower home prices, providing relief for buyers facing surging median sales prices. However, the impact of the settlement will depend on consumers advocating for themselves and actively negotiating in the real estate market.
- The Realtors settlement is already changing the way some Americans buy and sell homes CNN
- How the real estate settlement will change buying and selling homes in Louisiana NOLA.com
- Ending 6% commissions could create a ‘Venus flytrap’ for home buyers: economist MarketWatch
- The Homeowners Who Beat the National Association of Realtors The New York Times
- Real estate terms and commissions are changing – Cache Valley Daily Cache Valley Daily
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