Posts with tag 'Changes to the real estate industry'

Central Florida's real estate market will largely favor buyers between summer 2026 and spring 2027. Elevated mortgage rates and economic anxiety tied to Middle East conflicts have caused listings to linger. However, steady domestic relocation, stabilized prices, and rising inventory are creating a balanced, strategic environment.

Key Market Dynamics (Summer 2027 – Spring 2027):

• Pricing Trends: Over the past year, prices have stabilized or dipped slightly. Although
sale prices remain high, inside many transactions - sellers have been contributing more
heavily to buyer closing costs.  

• Inventory & Leverage: Active listings have surged to their highest levels in years,
providing buyers with much-needed options and greater leverage to negotiate repair
credits, closing costs, and other concessions.

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On or about August 17^th of this year, the way consumers hire and compensate their individual buying-side and selling-side real estate agents is changing drastically.

Our goal is always to ensure that our selling and buying clients are knowledgeable, and fully prepared to succeed in any type of market environment.  These changes impact both buyers and sellers.

Because of a National Association of Realtors (NAR) settlement with the Dept. of Justice (DOJ), there are big changes coming to how real estate agents operate, and how they are compensated.

Starting on or about August 17^th of this year (exact date TBD), these changes will take effect in Florida:

• Sellers of real property (all types of residential homes, including land) will no longer be obligated to offer compensation to buying-side agents...

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