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Posts published in “Business”

July’s Most Expensive Home Sales Include Spelling Mansion, Obama’s Former Summer Retreat

Four of last month’s 10 most expensive home sales were in Southern California, five were in coastal Florida and one was on Martha’s Vineyard.   A Los Angeles estate known as the “Spelling Manor,” after its former owner–producer Aaron Spelling–was the most expensive home sale of July...

One in Five House Hunters Is Willing To Compromise Personal Safety to Afford a Home

Personal safety is the number-one must-have on homebuyers’ checklists, though 22% say they’re willing to compromise on it for affordability. The next-most important priorities are a low crime rate and low risk of natural disasters.  Roughly one in five (22%) homebuyers are willing to compromise personal safety to afford a home...

Buyer’s Agent Commissions Tick Up to Pre-NAR Settlement Levels

The average U.S. buyer’s agent commission rose to 2.43% in the second quarter from 2.38% a year earlier. Commissions rose across all price tiers, with the average buyer’s commission for homes under $500,000 reaching the highest level in nearly two years. The average U.S. buyer’s agent commission was 2.43% for homes sold in the second