Millennials Reclaim Position As Largest Group Of Home Buyers
Baby boomers remain the largest generation of home sellers at 45 percent
Baby boomers remain the largest generation of home sellers at 45 percent
The original decision describes the settlement deal as a quid pro quo
Month-over-month, contract signings climbed in the Midwest and South but dipped in the Northeast and West
The median existing-home sales price jumped 5.7 percent from February 2023 to $384,500
The often standard 5-6 percent commission could become a thing of the past under the agreement
The deal, yet to be filed, will still need a federal court’s approval before being finalized
Month-over-month, contract signings rose in the Northeast and West but fell in the Midwest and South
The median existing-home sales price climbed 5.1 percent from January 2023 to $379,100
According to NAR, 34 markets experienced double-digit annual price appreciation
The deal aims to shield the brokerage from any future lawsuits from sellers regarding commissions
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