Realtors and real estate brokers are striving to understand and prepare for the impact of the National Association of Realtors’ (NAR) agreement that will change the way homes are bought and sold starting in July. Previously, sophisticated homebuyers and sellers understood the rules: Real estate agents on each side of the transaction would be paid for their work through commissions, a percentage of the sale, which would be taken out of the funds going to the home seller when the house was … [Read more...] about Realtors Navigating a Change in the Real Estate Landscape
national association of realtors
Buyers Signing Contracts but Closings are Few
Lots of info packed into last week's video from National Association of Realtors Chief Economist Lawrence Yun. He covers the continued uptick of pending home sales in June and the dissappointing closing results following a similar uptick in May. Yun also covers the impact the gridlock in Washington has had on the economy and real estate markets and the threat of rising interest rates caused by the debt-ceiling impasse. Even though it looks tonight like that impasse is resolved, interest rates … [Read more...] about Buyers Signing Contracts but Closings are Few
