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Study: Average Q4 Buyer’s Agent Commission Was 2.37%

Study: Average Q4 Buyer’s Agent Commission Was 2.37%

by Phil Hall | Feb 4, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a data analysis from Redfin (NASDAQ: RDFN), a scant uptick from the 2.36% in the third quarter, when the new National Association of Realtors (NAR) commission rules took...
A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?

A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?

by Phil Hall | Feb 4, 2025 | A Phil Hall Op-Ed, Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Do you recall the children’s tale of Chicken Little, where a barnyard bird who is hit on the head with an acorn that dropped from a tree limb? Chicken Little took the bonk to its noggin as evidence that the sky was falling and began to run around...
Tennessee Bill Seeks to Limit Contact by Developers Making Unsolicited Calls to Buy Homes

Tennessee Bill Seeks to Limit Contact by Developers Making Unsolicited Calls to Buy Homes

by Phil Hall | Feb 4, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bill has been introduced in the Tennessee legislature that will limit contact by real estate developers making unsolicited inquiries to buy homes. WKRN.com reports the “Tennessee Homebuyer Harassment Protection Act” introduced by Sen. Charlane Oliver...
New York State Bill Seeks to Codify Disparate Impact Standards

New York State Bill Seeks to Codify Disparate Impact Standards

by Phil Hall | Feb 4, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A bill that would codify federal disparate impact standards ahead of a possible rollback by President Trump of those standards has been introduced in the New York State legislature. The Gothamist reports the bill would ensure the disparate impact standard could be...
California Mortgage Firm President Arrested for DUI Collision That Killed 88-Year-Old Man

California Mortgage Firm President Arrested for DUI Collision That Killed 88-Year-Old Man

by Phil Hall | Feb 4, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The president of a California mortgage company was arrested for allegedly driving drunk and causing the vehicular death of an 88-year-old man. ABC News reports that Serene Vernon, president of OCMBC Inc., was arrested on suspicion of driving under the influence and...
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