article thumbnail

Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

In relatively competitive housing markets, agents are seeing more negotiation over who pays the buyer’s agent, and how much they are paid. Commissions Have Risen Slightly for Some Homes Listed While the average buyer’s agent commission has stayed the same since August, there have been slight changes within different price brackets.

article thumbnail

U.S. Home Values Trend Below Historical Averages

Appraisal Buzz

Regional variation in the housing market means that buyers across the country face vastly different market conditions, Jones added. Markets in the Midwest and Northeast continued to see substantial demand, resulting in sustained price growth in November, while the South and West continued to soften. After rising 4.2%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What the Biden tax plans mean for the housing market

Housing Wire

Industry participants should keep a close eye on these proceedings, understanding the broader context of the debate with respect to the budget, the level of revenues needed to finance government spending, the distribution of tax liabilities, and the specific provisions which may impact real estate market.

article thumbnail

Median income earners can only afford 25% of current listings

Housing Wire

households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket. Based on the report, the housing market needs an additional 319,460 listings priced under $256,000 in order for the market to be balanced. Over half (51%) of U.S.

article thumbnail

As title insurance volume shrinks, workers take on more tasks

Housing Wire

However, 67% of respondents are over the age of 45, with the largest age brackets being 45-54 and 55-64 at 28% each. The second largest age bracket was 35-44 at 19%. According to the report, 76% of respondents are female, while only 21% are male.

Insurance 397
article thumbnail

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
article thumbnail

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. This is according to new CoreLogic research , with additional insight from business executive Praveen Chandramohan.