Real Estate News: Property News, Updates On Residential, Business Property
Many owners who’d in any other case be eager to promote have hesitated to shake off the so-called golden handcuffs of mortgage rates as low as 2% or 3%. A groundbreaking $418 million settlement announced Friday by the highly effective National Association of Realtors is set to usher in essentially the most sweeping reforms the American real estate market has seen in a century. It could dramatically drive down homebuyers’ prices — and push some real estate brokers out of enterprise. A rule of thumb for mortgage rates is that consumers are more sensitive to changes in rates than to …