The Changing Landscape of Real Estate: Insights from an Expert

TLDRReal estate commissions are negotiable, but confusion remains. Buyers need brokers for assistance, and sellers recognize the value of brokers bringing in buyers. Real estate prices continue to rise, and interest rates may not significantly affect the market. New York City remains a strong real estate market despite some challenges.

Key insights

💼Real estate commissions are negotiable.

🏠Buyers need brokers to help them buy a house.

📈Real estate prices have been rising.

🌎Interest rates may not significantly affect the real estate market.

🗽New York City remains a strong real estate market.

Q&A

Are real estate commissions fixed?

No, real estate commissions are negotiable.

Why do buyers need brokers?

Buyers need brokers to help them navigate the real estate market and find the right property.

Are real estate prices increasing?

Yes, real estate prices have been rising in recent years.

How do interest rates impact the real estate market?

Interest rates may not have a significant impact on the real estate market.

Is New York City a good real estate market?

Yes, New York City remains a strong real estate market despite some challenges.

Timestamped Summary

00:18Real estate commissions are negotiable, and buyers need brokers to help them buy a house.

00:48Real estate prices have been rising, and interest rates may not significantly affect the market.

02:02Sellers and buyers brokers are not allowed to look up commissions on the MLS anymore.

04:27Trophy properties and high-end condos are still in demand.

05:33If interest rates go down, the real estate market may see increased activity.