National Association of Realtors Settlement: Our Take Is massive change coming to the real estate industry? It’s unlikely. Will sellers drop their listing price because they’re no longer responsible for paying the buyer’s side of the commission? Almost certainly not. Will it be cheaper for buyers to purchase a home? We doubt that, and it [...]
Why pocket listings are a disservice to home sellers. This reader had an agent who used a pocket listing to market exclusively to a religious community. Q: I’ve been following your discussion of pocket listings with interest. I had an unfortunate experience with a broker who used a pocket listing to try to sell my [...]
Are pocket listings unethical? The National Association of Realtors (NAR) has a new rule regulating how and when properties are listed. Our recent article on pocket listings and “coming soon” listings elicited quite a number of comments. Here is one take: Comment: I think you did your readers a disservice by not informing them that [...]
Home buyers are out in force. Sellers are scarce. The number of homes for sale on the market is as low as it was more than twenty years ago. As a result of supply and demand, half of all housing markets are overvalued in terms of price. The median home price in San Francisco is [...]
Are you confused by the new TILA/RESPA changes? Wondering where to find an apartment with cheap in-unit laundry? Get answers to these questions by listening to this week’s Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes. On this week’s show I talk to Frank Nothaft, [...]
How is the definition of home value changing for buyers? Is there a reason why pending home sales and existing home sales diverged in April? Get answers to these questions by listening to this week’s Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes. On this [...]
In January, 33 percent of existing-home sales transactions were all-cash purchases, according to the National Association of Realtors. Many of these cash buyers are investors, but an increasing number are move-up or first-time buyers who know they’ll get a better deal with cash if they can figure out a way to raise the money. Sellers [...]
In many ways, the Internet has made buying a home easier. Instead of relying on a real estate agent to mine the best listings for you, you can simply plug in your search criteria to a national or local real estate listing site to see what’s available in your area. You can also apply for [...]
The real estate market is recovering, and mortgage interest rates are at an all-time low. Is now the time to buy a home? According to Steve Cook, former vice president of public affairs for the National Association of Realtors, there are other issues at play. A number of hurdles stand in the way of potential [...]
