Housing Market Sees Massive Shift: 'Very Disruptive'

Recent rule changes over how real estate agents charge commissions are set to disrupt the real estate market, experts say, which could help bring down the cost of home purchases for buyers, help sellers save cash along the way, and bring down fees generated from home sales by billions of dollars.On Friday, the National Association of Realtors , which has more than 1.

'So, if you think about it on a $400,000 house, the consumers are going to say, 'Well, do I really want to spend $12,000 on a 3 percent buyer's agent fee and how much of that work can I do myself?' $12,000 is like the price of a used car,' Garg said.Buyers can pick and choose what they want to get from agents and negotiate fees that fit with the service they receive.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Housing Market Sees Flood of New HomesCompleted new home construction jumped in February, according to the U.S. Commerce Department.
Source: Newsweek - 🏆 468. / 52 Read more »

Housing Market Update: Are Sellers Returning to the Market?Listings jumped in February to their highest levels in more than a year, according to Redfin on Friday.
Source: Newsweek - 🏆 468. / 52 Read more »