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Real Estate Market Dynamics and Challenges
This chapter explores the impact of mortgage rates on housing affordability, emphasizing their significance over home prices. It discusses the evolving landscape of real estate commissions following the NAR settlement and how these changes are influencing buyer-agent relationships and operational strategies for companies like Redfin and Zillow. Additionally, it highlights the competitive challenges these companies face in a low inventory market while navigating their financial health amid changing consumer sentiments.