Valhermoso Springs
REAL ESTATE
New real estate rule will change the way real estate agents get paid
HUNTSVILLE, Ala. (WAFF) - Increasing transparency in the real estate industry is the goal of several big changes that are going into effect on August 17. For decades, home sellers typically paid their listing agent a 5% or 6% commission on the sale of their home and then the listing agent would share that commission with the buying agent.
More homes available in fast-growing north Alabama cities as mortgage rates dip
With more homes on the market and mortgage rates creeping down, potential buyers could see more choice in fast-growing Huntsville and Athens. The Huntsville-Madison County area had 2,610 homes on the market last month, according to new data from Valley MLS. That’s a 16.6% increase compared with June’s 2,237 and up nearly 62% over July 2023. Athens and Limestone County saw a similar trend, where the inventory of 944 homes was up 15.3% over June and up 77% compared with the previous July.
Changes to impact the real estate industry go into effect nationwide
HUNTSVILLE, Ala. — Thinking of buying a home with the help of a real estate agent? You can no longer take it for granted that a seller will cover the cost of your agent’s commission. Home sellers have traditionally offered a blanket commission to a buyer’s agent when...
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