New rules hit the housing market

New rules and regulations have changed the game for both buyers and sellers. A real estate expert, Sarah Bernard, joins us in the FOX 2 studio to take a closer look at how the changes are impacting affordability, accessibility, and overall market trends.

[tatianastarcic]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.

[sasstewart]

we just sold our 3bd/2bth SFR house and it sold for asking in 4 weeks (CA) and we didn't have to pay the buyers agent fee. We weren't sure if we'd have to pay it as its a new ruling but we had alot of response to the house. I guess if the house wasn't desirable it may be a different story.

[robertroy]

I was black listed because I refuse to pay buyers agent fee. My home is now unsellable.

[waterbug]

Buyers are NOT required to sign an agent contract. Buyers can go directly to sellers or the seller's agent to buy a home. This video is trying to scare buyers into paying them a lot of money.

[Dee-wy]

Home values will continue to decline for over a decade. Hehehehe

[koraynexecutioner]

No way would I pay for buyer's agent fee when I am selling. GTFO

[vietdo]

Real estate agents are as useful as travel agents.

[kylecaudill]

10-15% of my market has had price drops and the length of time houses has increased since the changes from the settlement have been implemented. A good rule of thumb is that if its on the news, be suspicious. Either it isnt true or they want something to come of it.

[Amber-iy]

This lady doesn't understand what she is talking about. It absolutely impacts supply and demand. Buyers now are weighing properties' list price plus commission. Although the fees are not in the MLS, they are still able to be part of the marketing of the seller. For those that are not choosing to disclose what they are paying out, their price to a buyer is list price plus commission while those that do choose to disclose will be a better deal for the buyer for several reasons. It also prices some buyers out of the market or at least those specific properties, which has an obvious direct impact on demand.

The only thing that really changed, is sellers and listing agents, no longer control the amount the buyer agent gets paid, just how much of a value proposition they want to provide to a buyer as they compare their home to others on the market This will become more obvious in a neutral or buyers market. Sellers still pay it, they just don't realize it is in the price.

[alphaomega]

You don't own a home if you have a mortgage, people! The bank 🏦 does. 🤓