The 2024 Contract & Commission Study has just been released! This annual report provides insights into real estate contract structures, commission trends, and key industry shifts. Some highlights i...
Average Rates by Region: The study compares commission rates across major regions, highlighting areas with rising or falling averages.
Influential Factors: Rising home prices, local market competition, and online commission transparency have all impacted these rates.
Variable Commission Structures: There’s an increase in tiered commission models where rates vary based on sales price, client loyalty, or additional services.
2. Contract Flexibility
Customized Contracts: Nearly half of the contracts now offer customizable terms, with options for services such as virtual tours, online marketing, and concierge-level listing services.
Client Preferences: Buyers and sellers increasingly prefer shorter commitment periods, with flexible renewal or opt-out options.
Shift in Listing Periods: More agents are shortening the initial listing period to 3-4 months, reflecting current market speed and client expectations.
3. Market Dynamics and Impact on Commissions
Rising Inventory and Buyer Power: As more properties enter the market, buyers gain greater leverage, often negotiating lower commission rates.
Regional Variability: Hot markets, like urban and coastal areas, still command higher commission rates, while rural and suburban areas are experiencing a slight decline.
New Construction Influence: Increased new construction inventory has led to more competitive pricing and commission offerings among agents.
4. Technology Integration
Smart Contracts and e-Signing: Adoption of smart contracts and digital signatures has improved efficiency and allowed more flexible commission arrangements.
Client Transparency: Many agents are using digital dashboards to let clients track the home-buying or selling process, boosting trust and allowing more open discussion on fees and commissions.
AI and Data Analysis: AI tools are increasingly used to recommend optimized contract terms, saving agents time and helping clients see value in higher commission options.
Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.
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Housing market and stock market are in massive bubbles! Crash is coming as our monetary system is broken, consumer debt is at all-time highs and the Federal Reserve is Bankrupt according to Mike Maloney (@Goldsilver)!
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Todd Sachs, is a Maryland Real Estate Broker providing information based on his opinions and the opinions of others regarding the housing market, the U.S. economy, and geopolitics affecting Americans.
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Zillow has 26 photos of this $790,000 3 beds, 2 baths, 2,129 Square Feet single family home located at 14438 N 99th St, Scottsdale, AZ 85260 built in 1994. MLS #6773074.
On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about the real reason mortgage rates rose this week and how the election could impact pricing.
The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.
DCatalog offers digital catalog publishing solutions that help to transform your content into stunning flip catalogs, magazines, brochures, annual reports, training materials and more. Increase brand awareness by simply integrating your shoppable catalog with your eCommerce platform.
Full-service agents in Minnesota have typically charged 5% to 6%. A settlement earlier this year aims to make it less expensive to buy and sell a home.
The quality of U.S. housing construction today varies significantly depending on factors like location, builder standards, materials, labor expertise, and regional regulations. Here are a few key factors affecting current housing quality:
1. Materials
Pros: New materials, like energy-efficient insulation and double-glazed windows, improve energy performance and durability. Innovations like cross-laminated timber (CLT) and sustainable materials are also more common.
Cons: Supply chain issues during the pandemic led to scarcity in some materials, driving costs up and incentivizing builders to use cheaper alternatives. Quality of some materials, like engineered wood products, is lower compared to solid wood traditionally used in construction.
2. Labor Shortages
Impact: Skilled labor shortages in construction have led to longer build times and, in some cases, inconsistent quality. Unskilled or rushed labor can lead to issues like poor drywall installation, gaps in insulation, or improperly installed plumbing and electrical systems.
3. Building Codes and Regulations
Positive Influence: Many areas have updated building codes to improve structural integrity, energy efficiency, and safety (e.g., hurricane-resistant structures in coastal areas).
Variability: Building code rigor can vary widely by state and municipality, so quality and safety standards are inconsistent. Areas with outdated codes may lag in resilience and efficiency.
4. Energy Efficiency and Sustainability
Advances: Demand for energy-efficient homes has driven builders to incorporate features like advanced HVAC systems, solar-ready designs, and high-quality insulation.
Challenges: Some builders prioritize aesthetics over quality in key functional areas to attract buyers, so efficiency improvements may sometimes be superficial.
5. Prefabricated and Modular Homes
Pros: Modular construction can yield consistent quality due to factory-controlled environments and can be faster than traditional on-site construction.
Cons: While factory control can improve quality, modular and prefabricated homes often face stigma, and building quality can vary among manufacturers.
6. Foundation and Structural Integrity
Concern: In some cases, builders have reduced foundation quality to save costs, particularly in places where soil quality or seismic activity isn’t a significant risk. However, this can lead to structural problems over time.
Overall, the housing industry’s quality today leans toward improvement in areas like energy efficiency and design innovation, but faces challenges with material quality, skilled labor, and regional code disparities.
As of 2024, U.S. bond debt—referring mainly to government-issued Treasury bonds and notes—is a critical component of the national debt, which has surpassed $33 trillion. Treasury bonds and notes, as debt instruments, help fund the government's operations, pay for federal projects, and service existing debt. This debt is owed to both domestic and international investors, including individuals, corporations, foreign governments, and other central banks.
The key types of U.S. Treasury securities include:
Treasury Bonds: Long-term bonds maturing in 20 to 30 years, which offer a fixed interest rate and are a core part of government debt.
Treasury Notes: Medium-term securities maturing between 2 and 10 years, which also pay a fixed interest rate.
Treasury Bills: Short-term securities with maturities ranging from a few days to one year, sold at a discount from their face value and do not pay interest before maturity.
The U.S. debt is largely funded through the issuance of these securities, with around 75% of the national debt being public debt (held by domestic and international investors) and 25% intragovernmental holdings (held by U.S. government accounts, like the Social Security Trust Fund). The increasing national debt and bond issuance influence interest rates, inflation, and fiscal policy, leading to discussions about sustainable debt management strategies for the future
The National Association of Realtors (NAR) certainly faces a slew of legal challenges, partly because of its influential role in shaping the real estate industry's standards and policies. Many of these lawsuits focus on practices surrounding commission structures, membership rules, and antitrust concerns, especially regarding buyer-agent commissions. The way commissions are structured in MLS systems has led to recurring scrutiny and class action lawsuits, arguing that buyers are effectively paying higher home prices due to these commissions being bundled into the sale price.
Given that real estate is a highly regulated industry with substantial consumer impact, NAR's policies are constantly under the microscope. This legal pressure might push for more transparent or flexible commission models, which could ultimately reshape the structure of the real estate market. For now, it seems NAR will continue to be a "lawsuit magnet" as these issues evolve
The IRS just released their Inflation-Adjusted Tax Brackets for 2025, which is going to save millions of taxpayers money in taxes.
You are going to be able to report more income at a lower tax rate. You are going to have a higher standard deduction, which means less income reported on your tax return.
For investors, you will be able to report more of your capital gains at lower tax rates. And for my savers, you are also going to be able to put more money into your HSA, Retirement Accounts, and other tax deferred accounts.
So as someone who has read through all of the revenue procedures pertaining to this for you, and a licensed CPA that tax plans everyday at mycpacoach.com, I want to provide you with a very simple and EASY understanding of how these changes are going to affect you.
So let’s jump right in.
2025 Tax Brackets: (0:00) Single and Married: (1:05) 2025 vs. 2024 Tax Rates: (5:00) New 2025 Standard Deduction: (6:30) New 2025 Capital Gains Rates: (8:00)
A real estate firm in Idaho is making local liberals an offer that it assumes they can’t refuse – free real estate listings for their properties if they move out of the state.
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