So when’s the housing bubble bursting?

Wow, I wonder what it could be.

Folks were showing her love yesterday so it doesn't seem like anything bad on the political side.






Yeah that’s what I was thinking too. She too smart to do something stupid, but her agency has some weird rules that all staff must adhere too. Probably more office gossip anyways, but was interesting
 







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BREAKING: The National Association of Realtors is eliminating the 6% realtor commission.

Here’s everything you need to know:

With the end of the standard commission, real estate agents in the United States will now have to compete for business and likely lower their commissions as a result.

This could lead to a 30 percent reduction in commissions, driving down home prices across the board.

Real estate commissions total around $100 billion per year in America.

With commissions potentially dropping 30%, that could put tens of billions of dollars back in the pockets of American home buyers and sellers every year.

A seller of a $500,000 home could save $9,000 or more on a 3% commission instead of 6%.

This is expected to drive down housing costs and significantly impact the U.S. housing market.

Housing experts predict that this could trigger one of the most significant jolts in the U.S. housing market in 100 years.

Economists estimate that this change could save American homeowners billions of dollars annually.

My advice - if you're selling a home soon, consider waiting to list until new lower commission models emerge to save thousands. Or negotiate commission rates aggressively.
 


BREAKING: The National Association of Realtors is eliminating the 6% realtor commission.

Here’s everything you need to know:

With the end of the standard commission, real estate agents in the United States will now have to compete for business and likely lower their commissions as a result.

This could lead to a 30 percent reduction in commissions, driving down home prices across the board.

Real estate commissions total around $100 billion per year in America.

With commissions potentially dropping 30%, that could put tens of billions of dollars back in the pockets of American home buyers and sellers every year.

A seller of a $500,000 home could save $9,000 or more on a 3% commission instead of 6%.

This is expected to drive down housing costs and significantly impact the U.S. housing market.

Housing experts predict that this could trigger one of the most significant jolts in the U.S. housing market in 100 years.

Economists estimate that this change could save American homeowners billions of dollars annually.

My advice - if you're selling a home soon, consider waiting to list until new lower commission models emerge to save thousands. Or negotiate commission rates aggressively.


A bunch of takes on this. Most believe it will not be good for buyers.





















 
40-year-old homeowner says economy doesn’t add up: ‘I’m making the most money I’ve ever made, and I’m still living paycheck to paycheck’

“There's this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.

BY CLAIRE BALLENTINE , ELIZA RONALDS-HANNON , AND BLOOMBERG
March 15, 2024

 









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