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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 | Market Snapshot, News/Current Events, 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, Market Snapshot, News/Current Events, 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 | Market Snapshot, News/Current Events, 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...
North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit

North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

North Dakota legislators are considering a bill that would expand the age and income eligibility for the state’s homestead property tax credit. The homestead property tax credit program allocates state funds to local governments to compensate for the property tax...
Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses

Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is more to homeownership than mortgage costs – indeed, a new data study published by Clever Real Estate determined the typical homeowner spends an average of $24,529 per year – or $2,044 per month – on housing expenses in addition to their mortgage. This is up...
Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The newly sworn-in Treasury Secretary Scott Bessent is making himself as home in Washington, DC, at a historic mansion that he acquired for $12.5 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the deal,” the property in...
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