Natalie Davison, a Moncton-based realtor, says the inventory is at the lowest point she’s had in the past 12 months.
Financial experts are predicting interest rates will begin to drop later in the year and Davison said that should kick-start the market.
“Lower interest rates are going to mean an increased demand and I see just more of a seller’s market, low inventory in Greater Moncton this year,” said Davison.
Mike Power, the incoming chair of the New Brunswick Real Estate Board, said overall volumes were a little lower than last year, but above historical sales.
Power believes it should…
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$1.8B judgment could impact Florida real estate market
TAMPA, Fla. — A recent antitrust court case in Missouri, along with similar lawsuits, may bring about changes to the standard 6% commission paid to real estate brokers, along with who is responsible for paying that fee.
Callen Jones of Jones Home Team Inclusive Real Estate is a Florida real estate agent who says they are already seeing the impact of that verdict locally.
What You Need To Know
A recent antitrust court case in Missouri, along with similar lawsuits, may bring about changes in the standard 6% commission paid to real estate brokers and who is responsible for paying…
National Association of Realtors approves $418 million settlement
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing commissions, commonly of up to 6% of the purchase price.
Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will be thin, further driving down commission prices.
“For years, anti-competitive rules in the real estate industry have financially harmed millions,” said Benjamin Brown, managing partner at the Cohen Milstein law firm and one of the…