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Big changes take effect this month that will mean seismic shifts in how most Americans buy or sell a home and could ultimately drive down residential real estate prices.
The seismic settlement announced by the National Association of Realtors earlier this month has not yet been approved, but it is already sending shockwaves through the real estate industry.
On August 17, a new set of rules governing the way most real estate professionals do business in the US officially take effect – and the changes could potentially upend the way Americans buy and ...
About 30% of homes are owned outright by their occupants, and a further 40% are owner-occupied on a mortgage. About 18% are social housing of some kind, and the remaining 12% are privately rented.[2007] [2] The UK ranks in the top half in Europe with regard to rooms per person, amenities, and quality of housing.
Even boosting (UK) housing supply to 310,000 homes per annum in their model only brings a five per cent fall in the baseline forecast of house prices". [30] Therefore, the National Housing Federation (NHF) and Crisis from Heriot-Watt University argue that alongside the needed 340,000 new homes each year (until 2031), 145,000 of those “must be ...
A first-time buyer is usually desirable to a seller as they do not have to sell a property, and as such will not involve a housing chain. [2]In the US, Canada, [3] and Australia, [4] the average age of first-time buyers is usually around their mid-30s, [5] [6] while in the UK it's between 25 and 34 years old.
The way Americans buy and sell homes is about to get turned on its head. An earth-shattering, multibillion-dollar antitrust ruling against the National Association of Realtors late last year led ...
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