Housing Equality & Policy
Policy
The Potential Impact of Immigration Policies on Housing
President-elect Donald Trump’s incoming administration plans to “seal the border” and deport millions of undocumented migrants from the United States, starting in 2025. The housing market relies on immigrants as part of the construction labor force and could be impacted by the deportations, depending on the size and scale of the operation. Immigrants make up
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented
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
New NAR Rules Are a Bargaining Chip, Putting Pressure on Commissions in Competitive Markets, But Redfin Agents Say Most Sellers Are Willing to Cover Some Fees
A few weeks after the new NAR rules went into effect, Redfin agents report some homebuyers and sellers are confused about fee agreements and who is responsible for paying the buyer’s agent. Once they understand the guidelines, most sellers are still willing to cover the buyside commission–but negotiation has become more common in some markets
The Typical Buyer’s Agent Earns 2.55% in Commission, a Rate That Has Declined Since the NAR Settlement Was Announced in March
Buyer’s agent commissions have declined since the NAR settlement announcement; the average stands at 2.55%, down from 2.62% at the beginning of the year. Changes mandated by the NAR settlement must be complete by August 17; we could see further declines after that. In dollar terms, the typical buyer’s agent earns $15,377 per deal, up
The Pride Premium: People in LGBTQ+ Friendly Areas Need to Earn $150,000 to Afford the Typical Home—A Premium of Nearly 50%
The typical home in areas with LGBTQ+ housing protections costs $492,290, compared with $357,010 for the typical home in areas without protections. San Francisco and Portland, OR have the highest share of LGBTQ+ adults, yet less than 7% of homes in those places are affordable for someone on the local median income. Detroit and Rochester
Nearly 1 in 5 People Who Plan to Vote for Trump Want to Live in a Place Where Abortion is Legal: Survey
A similar share of Trump voters want to live in a place that has laws allowing discussion of LGBTQ topics in schools and laws ensuring equality based on gender or sexual orientation. Over half of Trump voters say they don’t want to live somewhere with easy access to mail-in-voting. Biden voters feel particularly strongly about
The Potential Impact of Immigration Policies on Housing
President-elect Donald Trump’s incoming administration plans to “seal the border” and deport millions of undocumented migrants from the United States, starting in 2025. The housing market relies on immigrants as part of the construction labor force and could be impacted by the deportations, depending on the size and scale of the operation. Immigrants make up
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented
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
New NAR Rules Are a Bargaining Chip, Putting Pressure on Commissions in Competitive Markets, But Redfin Agents Say Most Sellers Are Willing to Cover Some Fees
A few weeks after the new NAR rules went into effect, Redfin agents report some homebuyers and sellers are confused about fee agreements and who is responsible for paying the buyer’s agent. Once they understand the guidelines, most sellers are still willing to cover the buyside commission–but negotiation has become more common in some markets
The Typical Buyer’s Agent Earns 2.55% in Commission, a Rate That Has Declined Since the NAR Settlement Was Announced in March
Buyer’s agent commissions have declined since the NAR settlement announcement; the average stands at 2.55%, down from 2.62% at the beginning of the year. Changes mandated by the NAR settlement must be complete by August 17; we could see further declines after that. In dollar terms, the typical buyer’s agent earns $15,377 per deal, up
The Pride Premium: People in LGBTQ+ Friendly Areas Need to Earn $150,000 to Afford the Typical Home—A Premium of Nearly 50%
The typical home in areas with LGBTQ+ housing protections costs $492,290, compared with $357,010 for the typical home in areas without protections. San Francisco and Portland, OR have the highest share of LGBTQ+ adults, yet less than 7% of homes in those places are affordable for someone on the local median income. Detroit and Rochester
Nearly 1 in 5 People Who Plan to Vote for Trump Want to Live in a Place Where Abortion is Legal: Survey
A similar share of Trump voters want to live in a place that has laws allowing discussion of LGBTQ topics in schools and laws ensuring equality based on gender or sexual orientation. Over half of Trump voters say they don’t want to live somewhere with easy access to mail-in-voting. Biden voters feel particularly strongly about