In a surprising twist, U.S. home sales edged up in May, defying expectations amidst high mortgage rates and rising prices. Despite this increase, affordability remains a major hurdle for many prospective buyers.
A recent settlement by the National Association of Realtors is shaking up the real estate industry, allowing for negotiable agent fees and the rise of flat-fee brokerages. Homebuyers like Jim Xiao are finding new ways to save thousands on commissions.
