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Are buyers, owners, or agents losing money??
Manage episode 410489789 series 3067234
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On today's podcast, 🏡 Barbara Corcoran comments on the NAR settlement and predicts a skyrocketing market, while NAR's recent settlement raises questions about future commission structures for consumers. 🛡️ NAR also calls for crucial updates to VA home loan policies, highlighting the pressing need for policy adjustments. 📉 Amidst a plateau in mortgage demand due to persistently high rates, an analysis reveals that baby boomers are choosing to age in place, contributing to the ongoing housing supply constraint. 💰 The financial threshold to enter the housing market has surged, with the typical down payment now at $56,000. Despite rising supply offering a glimmer of hope for some buyers, housing affordability continues to plummet, painting a grim picture of market accessibility. 📈 Additionally, as rents tick upwards nationally for the first time in six months, the financial disparity between Gen Z and millennials before turning 30 becomes more evident. Join us for a comprehensive exploration of these developments and their far-reaching implications on buyers, sellers, and the market at large.
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