A genuine estate trend is any constant pattern or change in the basic direction of the real estate market which, throughout time, triggers a statistically noticeable change. This phenomenon can be a result of the economy, a modification in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Buyer agency growth
At one time, all property brokers and agents, or Realtors, practiced "single firm", indicating they represented just the seller. In the 1990s, the principle of purchaser company became popular, enabling a purchaser to retain a representative who would represent the best interests of the purchaser alone. The first national company to provide this service was The Buyer's Agent, Inc. [citation needed] A 2008 study by Consumer Reports indicates that previous to this development, state law presumed that a Real estate agent represented the seller by default. The very same study reveals that buyers using purchaser agents acquired a cost savings of $5000 in the rate of the home as compared to prices paid by unrepresented purchasers. [1] Unrepresented realty buyers might still call the seller's representative straight to set up residential or commercial property showings
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Real Estate Trends
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