Are Lower Home Prices On The Horizon?
Posted by Alfonso "Fonz" Salazar on
Are Lower Home Prices On The Horizon?
A Look At How The NAR Lawsuit Might Impact The Real Estate Market
You've probably heard the headlines about the huge class-action lawsuit regarding Realtor commissions during home sales. A jury found that Realtors conspired to inflate commissions for home sales, and now the way Realtors are paid will have to be more transparent and no longer the seller's responsibility. Realtors are in a panic, worried that they're about to lose their income. The general public is excited because they think this will make homes more affordable.
While we don't know exactly how this will play out since everything is still so new, we expect real estate in New Mexico and the rest of the country to change as a result of…
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