As part of a nationwide settlement, new rules governing residential real estate commissions went into effect last month. We welcome the demise of the standard...
The standard 6% residential real estate commission rate is a thing of the past. Good riddance.nationwide last month. And while it remains to be seen what effect these changes will have on consumers, we’re optimistic that they’ll result in a more transparent and fair marketplace. We also hope local home prices will continue to dip into more affordable ranges, in effect, by reducing commission costs.
are still on the rise. Dallas-Fort Worth’s home prices rose 2.3% in June from the same time last year., out of reach for most middle-income families. That hefty price tag is likely the lingering effect of the skyrocketing prices of 2021 and 2022, when D-FW had some of the largest home price increases in the nation. The year-over-year price increase reached a record 31% in April 2022.
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