That's when, in 2024, the National Association of Realtors agreed to a $418 million antitrust settlement, which includes new commission rules by August of that year, that seemed like a turning point for American homebuyers. Agents' earnings could be cut by 25% to 50%, analysts predicted. Consumer advocates celebrated. Many said that the 6% commission era had ended. Today, almost two years later,...
Ownership costs for property in America will likely appear very different in coming decades. As per a report on the future of the housing market, the median price of an average American house might touch the mark of $1 million somewhere near the year 2050. This means that the achievement is possible in a span of about 25 years from now, while the millennials would be close to retiring by then.This...
It appears that the US real estate sector provided some much-needed hope in the form of rising sales of existing homes in May, indicating that buyers have begun coming back despite high-interest rates and affordability challenges.There were 4.17 million sales on an annual basis, the highest level since late 2025 and also ahead of analysts' expectations. This rise indicates that a certain portion of buyers...
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