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Meanwhile, most Americans with mortgages landed their loans — either through buying or refinancing — when rates were below 4 percent. The result: Homeowners are reluctant to move.
Market activity will vary across the US Nationally, many economists call for home prices to rise between 2% and 4% next year, around historical averages. But the strength of the housing market is ...
A settlement announced by the National Association of Realtors on Friday, which ended its litigation with some homesellers, could fundamentally change how Americans buy and sell their homes. The ...
The mere prospect of a future settlement has already caused some Americans to change their behavior when buying and selling their homes. ... agent and the agent who lists a home on the market, are ...
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The plunge in existing-home sales was the steepest since 1989. [citation needed] The new home market also suffered. The biggest year over year drop in median home prices since 1970 occurred in April 2007. Median prices for new homes fell 10.9 percent according to the U.S. Department of Commerce. [49]
For the median-priced American home for sale — $387,000 — sellers are paying more than $23,000 in brokerage fees. Those costs are passed on to the buyer, boosting the price of homes in America.
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