Real Estate: Latest News & Updates On Real Estate, Property Market News The Financial Occasions
A technology in the past, the buyer’s agent had all the data — comparable neighborhood sales prices, tax histories, school district placement and particulars of the house — and was imagined to act as a comprehensive counselor. Popular 30-year fastened mortgage rates are hovering at decadeslong highs of round 8%, and the provision of properties remains far beneath normal, not sufficient to satisfy demand. A U.S. homebuyer’s greenback now goes about half so far as it did in late 2020. The case hinged on the commissions, normally of 6%, that sellers pay their agents, who then break up them with… Read More