Loading...
Market
Will the median home price in the US increase by more than 5% by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
US Housing Market Index, National Association of Realtors (NAR) reports
Story
Real Estate Industry Faces Changes with NAR Settlement on Commission Structure
Aug 19, 2024, 06:47 PM
The real estate industry is experiencing significant changes following a settlement involving the National Association of Realtors (NAR) lawsuit. The settlement aims to make realtor commissions more competitive, which some experts compare to a tax cut. However, this change is expected to increase new home costs in the long run. Discussions are emerging around the traditional commission structure, with some predicting that the public will eventually recognize the inefficiencies of past practices. The settlement has sparked debates on whether homebuyers should avoid paying percentage-based fees and opt for more flexible payment options. This shift is prompting real estate agents to reconsider their commission strategies, as buyers and sellers may now negotiate commissions directly.
View original story
Similar markets
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease • 25%
Stay the same • 25%
Less than 4% • 25%
4% to 5% • 25%
5% to 6% • 25%
More than 6% • 25%
Less than $420,000 • 25%
$420,000 - $430,000 • 25%
$430,000 - $440,000 • 25%
More than $440,000 • 25%
0.1% to 0.3% • 25%
0.31% to 0.5% • 25%
0.51% to 0.7% • 25%
More than 0.7% • 25%
