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.
Increased consumer confidence post-election is anticipated to invigorate the real estate market, positively influencing buying and selling decisions.
Recent changes to commission structures by the NAR are expected to reshape buyer-agent relationships, providing sellers with more negotiation power in transactions.
Deep dives
Consumer Confidence Post-Election
The podcast emphasizes the significance of consumer confidence in the real estate market following the recent election. With the election outcome settled, there is an expectation that confidence will improve, thereby encouraging people to buy or sell properties. The speaker introduces the concept that increased consumer confidence can lead to a vibrant market where properties are actively bought and sold, enhancing property management opportunities as well. The focus on the upcoming years, particularly 2025, is portrayed as a period with promising potential for both buyers and sellers.
Impact of NAR's Legal Ruling
A recent ruling against the National Association of Realtors (NAR) has made significant changes to how commissions are handled in real estate transactions. This ruling allows for greater negotiation regarding commissions between buyers and their agents, requiring written agreements before property viewings. Such developments are expected to reshape buyer-agent relationships and raise concerns about potential steering practices, where agents may favor properties based on commission structures rather than the buyer's interests. This shift is seen as beneficial for sellers, who now have greater leverage in negotiating both listing and buyer's agent commissions.
Current Market Statistics and Trends
Recent market statistics for the San Antonio and Austin regions reveal important trends for buyers and sellers. Average prices have been noted at around $371,945 for San Antonio with an increasing trend in median prices, indicating a strengthening market. An analysis of months of inventory shows that the market is tipping towards a buyer’s market, but not yet firmly established, as sellers are still negotiating offers to the tune of about 93% of the listing price. These insights suggest that while the market remains relatively stable, sellers will need to be proactive and flexible in their sales strategies amid changing conditions.
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Post-Election Real Estate Landscape: Trends and Regulations
The election is over, and it's time to look ahead to what 2025 holds for the San Antonio and Austin real estate markets. In this episode of the San Antonio Invest podcast, Brad Larsen discusses the impact of the election on consumer confidence and the implications of a recent National Association of REALTORS ruling on real estate transactions. He also dives into the latest market stats, including sales trends, average prices, and inventory levels.
Takeaways
The election outcome can boost consumer confidence in real estate.
Consumer confidence directly impacts buying and selling decisions.
The NAR ruling has introduced significant changes to commission structures.
Market statistics indicate a shift towards a buyer's market.
The average home price in San Antonio is currently $371,945.
The outlook for 2025 is optimistic due to rising consumer confidence.
Property management services are essential for investors.