What’s the Average New York Real Estate Commission Rate?

Most real estate agents in New York get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home…

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Selling my house where my neighbor wants “dibs”

I have a small house (around ~$100k value) that I’ll be selling shortly. My neighbor has asked me on numerous occasions to let him know if I will be selling because he wants to buy it for his daughter, etc. (Unrelated, but said neighbor has also helped out a lot by doing things like mowing…

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Q1 2023 – State of the Market Mega-Thread – Revenge of the Doomers!

Observations, rants, theories, speculation on future market movement, experiences, offer heartbreak, buyer fatigue, seller drama, mortgage drama, appraisal drama, anecdotes, new construction builder shenanigans, rate predictions, frustration with seller listing price strategy, crystal balls, and so on, that you may not feel warrant their own threads, but you want to get it off your chest.…

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Despite U.S. Economic Slowdown, Industrial Sector Remains Strong

Port Markets Command Highest Lease Rental Premiums According to the CommercialEdge latest U.S. industrial market report, despite elevated levels of new supply coming online over the past few years, the continued demand for industrial space is keeping market fundamentals healthy across the U.S. The national average rent for in-place leases stood at $7.12 per square…

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Mortgage Delinquencies Decline 22 Straight Months in January

Based on CoreLogic’s latest Loan Performance Insights Report for January 2023, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.5 percentage point decrease compared with 3.3% in January 2022 and a 0.2 percentage point decrease compared with December…

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Foreclosure Rates in U.S. Remained Near Record Lows in 2022

According to CoreLogic’s monthly Loan Performance Insights Report for December 2022, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared with 3.4% recorded in December 2021 and less than a 0.1 percentage point increase…

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