realtor.com
A realty trend is any consistent pattern or modification in the basic instructions of the property market which, throughout time, triggers a statistically noticeable change. This phenomenon can be an outcome of the economy, a change in mortgage rates, customer speculations, or other essential and non-fundamental reasons.

Buyer agency growth

At one time, all property brokers and agents, or Realtors, practiced "single company", indicating they represented only the seller. In the 1990s, the concept of buyer agency became popular, enabling a purchaser to keep a representative who would represent the very best interests of the purchaser alone. The very first nationwide business to supply this service was The Buyer's Agent, Inc. [citation needed] A 2008 study by Consumer Reports indicates that previous to this development, state law presumed that a Real estate agent represented the seller by default. The exact same research study reveals that buyers using buyer agents obtained a savings of $5000 in the price of the home as compared to prices paid by unrepresented purchasers. [1] Unrepresented real estate buyers may still contact the seller's representative directly to set up residential or commercial property provings