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The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement | CNN Business
Submitted 8 months ago by wintermute_oregon@lemm.ee to conservative@lemm.ee
https://www.cnn.com/2024/03/15/economy/nar-realtor-commissions-settlement/index.html
Comments
verity_kindle@lemmy.world 8 months ago
wintermute_oregon@lemm.ee 8 months ago
I’m still reading through all the news on it. I think it’s good for everyone except realtors. Housing cost have escalated quickly over the last few years and I’ve always found 6% non-negotiable. That’s been the issue. They are a monopoly in the market
intensely_human@lemm.ee 8 months ago
The other thing that’s “artificially” driving housing prices up is the consistently constrained supply enforced by overeager zoning and labyrinthine permitting processes.
wintermute_oregon@lemm.ee 8 months ago
There are many things that caused the slow creep over the year. The last three years have sky rocketed the cost.
Historically homes are suppose to grow at the rate of inflation. Maybe slightly higher.
I wish both parties would team up to fight the rapid cost increase. Otherwise there will be a few generations who can’t own a home.
BearOfaTime@lemm.ee 8 months ago
Thank Blackrock, and all the 401k/roth/retirement investment orgs for investing in Blackrock.
intensely_human@lemm.ee 8 months ago
I’m sure there are many factors, but constructive zoning plus rising population (ie rising demand) is itself sufficient to explain not only rising prices, but even accelerating price increases (since the demand curve isn’t linear).