The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement | CNN Business

Comments

• intensely_human@lemm.ee ⁨1⁩ ⁨year⁩ ago

  The other thing that’s “artificially” driving housing prices up is the consistently constrained supply enforced by overeager zoning and labyrinthine permitting processes.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ 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.

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    • BearOfaTime@lemm.ee ⁨1⁩ ⁨year⁩ ago

      Thank Blackrock, and all the 401k/roth/retirement investment orgs for investing in Blackrock.

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    • intensely_human@lemm.ee ⁨1⁩ ⁨year⁩ 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).

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• verity_kindle@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Great! Good news to fuel an already decent morning! Thanks

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ 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

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