Buyer’s agent commissions for closed home sales in October were 2.34% compared to 2.35% in August, when industry-wide changes were implemented following the NAR settlement. It’s too soon to say if the trend since August is a departure from the long-term trend of falling commissions. Commissions for homes listed under $500,000 have risen slightly since
18.7% of survey respondents have gotten in a disagreement with a neighbor over politics, including 27.1% of men and 13.4% of women. 11.9% have gotten into a disagreement with a neighbor over racial issues. 30.4% regularly engage in political conversations with neighbors, with younger generations more likely to engage than older generations. Nearly one in
Home prices grew 0.5% month over month in September, the fastest pace since April. On a year-over-year basis, home prices rose 6%, the smallest annual increase since December. 13 of the 50 most populous U.S. metros recorded a drop in home prices month over month. U.S. home prices grew 0.5% from a month earlier in
23% of buyers who are likely to purchase their first home in the next year said they are waiting until after the election. 26.1% said they are waiting to see if Harris’ housing affordability plan goes into effect; 15.9% are waiting to see if Trump’s housing affordability plan is enacted. Personal finances and timing are
The median asking rent rose 0.6% year over year in September to $1,634, but was down 0.2% month over month. Washington, D.C. recorded the biggest rent increase, while Jacksonville posted the biggest decrease. Rents dropped slightly across all bedroom counts for the second time in three months. The typical U.S. asking rent ticked up 0.6%
54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier. Newly-built studio apartments rented out faster than other bedroom types. One-bedroom and two-bedroom apartments rented out slower as completions climbed by more than 20%. More than half (54%) of newly constructed apartments completed in