The Property Management Mastermind Show Post-Election Real Estate: What to Expect in 2025
Dec 9, 2024
The podcast examines the impact of the recent election on real estate in San Antonio and Austin. It reveals how consumer confidence is rising and influencing buying and selling decisions. Key changes in commission structures from a National Association of REALTORS ruling are discussed, along with significant market stats. The average home price stands at $371,945, signaling a shift toward a buyer's market. Overall, the outlook for 2025 appears optimistic, making property management services vital for investors.
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Consumer Confidence and Real Estate
- Consumer confidence is key to real estate sales, influencing buying and selling decisions.
- Uncertainty breeds lack of confidence, impacting property management and hiring decisions.
NAR Ruling and Commission Changes
- A National Association of Realtors (NAR) ruling changed commission structures after a lawsuit alleging antitrust violations.
- Commissions were previously fixed, leading to price fixing and limited negotiation for consumers.
Buyer Agency Agreements and Steering
- Buyer's agents must now have signed buyer agency agreements with negotiated commissions before showing properties.
- This allows negotiation but may lead to steering, where agents prioritize higher commissions over client needs.