Real Estate: Newest News & Updates On Real Estate, Property Market News The Financial Occasions
A generation ago, the buyer’s agent had all the data — comparable neighborhood gross sales costs, tax histories, school district placement and particulars of the home — and was imagined to act as a comprehensive counselor. Popular 30-year mounted mortgage rates are hovering at decadeslong highs of around 8%, and the availability of homes remains far below regular, not enough to meet demand. A U.S. homebuyer’s dollar now goes about half as far as it did in late 2020. The case hinged on the commissions, often of 6%, that sellers pay their agents, who then split them with the buyers’ …