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> real estate companies like Zillow immediately buying up everything on the market is a primary contributor. No such corporate buyers exist in my market, but p
by pxeboot 5y ago
> real estate companies like Zillow immediately buying up everything on the market is a primary contributor.
No such corporate buyers exist in my market, but prices have gone up a similar amount. The cause of recent price increases is likely far more complicated.
If Zillow or a similar company is able to disrupt the realtor and mortgage industry, there is potential for massive savings for both buyers and sellers. Right now middle men skim close to 10% off each transaction.
- jeffbee 5y ago> far more complicated. Or far simpler: not enough homes to satisfy demand.
- djrogers 5y ago> Right now middle men skim close to 10% off each transaction. It’s 5% at the most in most markets right now, with lost of options for even lower commission or flat rate listings.
- pxeboot 5y agoThat only covers the agent commissions. The mortgage industry also charges substantial fees with little to no benefit for the buyer. Origination fees, lenders title insurance, appraisals, etc...