The Bombshell Case That Will Transform the Housing Market

The Bombshell Case That Will Transform the Housing Market

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Episode
1963 of 2633
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27M
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Engelsk
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For decades, an invisible hand has been guiding and controlling the American real estate industry, dictating how much buyers and sellers pay to their agents and how homes are sold. A few days ago, after a stunning legal settlement, that control — wielded by the National Association of Realtors — collapsed.

Debra Kamin, who reports about real estate desk for The Times, explains how the far-reaching change could drive down housing costs.

Guest: Debra Kamin, a reporter on real estate for The New York Times.

Background reading:

• The National Association of Realtors agreed to a landmark deal • that will eliminate a bedrock of the industry, the standard 6 percent sales commission. • Read about five ways • buying and selling a house could change.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


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