Quote:
Originally Posted by Winsor_Pilates
Also, If you've ever sold a home you'd likely know it's actually the Realtor looking to lower pricing and get the home sold, and the owner looking to keep the pricing too high and beyond the reality of their market.
High prices are not a big motivation to Realtors, that's a myth.
Repeat customers, client loyalty and referrals, and overall volume are far more important.
And Would decreased home values be best for home owners?
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Once a realtor has a listing, it's absolutely in their best interest for it to sell right away, even if for a slightly lower price. For Realtor's in general, rising prices lead to rising volumes, which is where they make their money. Also, many of the changes will only reduce prices by removing some marginal buyers (==Realtor clients) from the market when they can't get a mortgage under the new requirements.