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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Furthermore, more than 96% of all listings included offers of 2% or more, and more than 67% are offering to pay 2.5%

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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. The 802 new listings in December was a low not seen since records were archived online from 1990.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. Estimated opening is 2026.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. >> Since 1980, cash buyers paid about 11% less on a home than those using a mortgage, according to a study from researchers at the University of California-San Diego.

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