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Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. In relatively competitive housing markets, agents are seeing more negotiation over who pays the buyer’s agent, and how much they are paid.

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U.S. Home Values Trend Below Historical Averages

Appraisal Buzz

This months release covers home sales in September, October, and November, a period in which buyers saw the most for-sale home options in nearly five years. Jones continued: Eager buyers took advantage of the brief reprieve in rates, which resulted in a 6.1% in November. bump in existing home sales in November. After rising 4.2%

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Median income earners can only afford 25% of current listings

Housing Wire

And while this situation is certainly far from ideal, according to a report published Thursday by the National Association of Realtors and Realtor.com , even with the existing level of homes available for sale, the housing affordability and inventory shortage issues wouldn’t be so severe if there were enough homes for buyers at all income levels.

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Targeting 2025’s 10 Top Housing Hot Spots 

Appraisal Buzz

The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. 2025 Outlook NAR expects the Federal Reserve to maintain a gradual approach to easing monetary policy in 2025.

Inventory 370
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Combating the Financial Hurdles of Homeownership… With Roommates?

Appraisal Buzz

An increasing number of individuals in this age bracket are choosing to pool their money and purchase residences with friends rather than facing these financial obstacles alone. Rising Property Costs: Solo buyers can no longer afford to own a home since price rises have surpassed salary growth in many areas.

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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

It includes insights from CoreLogic economists to help appraisers and home buyers understand the market. When recent comparable sales are limited, the Case-Shiller Index offers empirical data that helps appraisers make informed time adjustments, ensuring that property values reflect current market conditions.

Appraisal 358
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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

If you compress the commissions on the buyer side by some amount it would have an effect on the overall commission pot and that would hurt the large publicly traded companies because that would be akin to just having a drawdown in volumes overall, which we’ve seen what that does to margins and profits and it hurts,” Paolone said. “If

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