Hari Iyer has been on a journey to buy his first family home, and he has been learning a lot about the process.'Patience, you know. It's terrifying when you see these home prices, so you really have to be strategic about how you choose things,' said Iyer. The National Association of Realtors recently settled a historic class action lawsuit, prompting significant changes that will impact all home buyers and the industry.
Many, including Annunziata, believe offering to pay the buyer's agent, even after the new rules kick in, could attract more buyers and ultimately help close deals. Housing analysts are trying to determine whether these shifts will impact the price of homes. 'It's not going to be a huge change to what folks are paying out-of-pocket for a home in the Bay Area,' said Mirante.
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