{"id":2189,"date":"2021-04-19T18:02:33","date_gmt":"2021-04-19T18:02:33","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2021\/04\/19\/realtrending-ep-98-housing-market-future-litigation-noise-and-top-broker-lessons\/"},"modified":"2025-03-13T02:37:28","modified_gmt":"2025-03-13T02:37:28","slug":"realtrending-ep-98-housing-market-future-litigation-noise-and-top-broker-lessons","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2021\/04\/19\/realtrending-ep-98-housing-market-future-litigation-noise-and-top-broker-lessons\/","title":{"rendered":"RealTrending Ep. 98: Housing market future, litigation noise and top broker lessons"},"content":{"rendered":"\n<p>RealTrends Advisor and Industry Stalwart Steve Murray takes a forward look at the housing market from 2022 to 2024, offers his input on the recent litigation noise and gives brokers some insight into this year\u2019s rankings.<\/p>\n\n\n\n<div id=\"buzzsprout-player-8363843\"><\/div>\n<script src=\"https:\/\/www.buzzsprout.com\/1595341\/8363843-realtrending-ep-98-market-direction-litigation-noise-and-lessons-learned-from-the-realtrends-500.js?container_id=buzzsprout-player-8363843&#038;player=small\" type=\"text\/javascript\" charset=\"utf-8\"><\/script>\n\n\n\n<p><em>Here is a small preview of today\u2019s interview. The transcript below has been lightly edited for length and clarity:<\/em><\/p>\n\n\n\n<p><strong>The future of the housing market<\/strong>: We&#8217;re still <a href=\"https:\/\/www.realtor.com\/research\/\" target=\"_blank\" rel=\"noreferrer noopener\">creating as many households<\/a> as we&#8217;re building housing, both multifamily and single family. The problem is that we&#8217;re looking at a 4- to 5-million housing deficit from the 2010 to 2020 period. That is, there were four to five million households formed, more than there were houses built for them. We&#8217;re seeing the implications of that in today&#8217;s market. However, while we think this is overheated, remember that in 2020 existing home sales were up 5.6%. That&#8217;s not earth shattering.<\/p>\n\n\n\n<p><strong>Litigation:&nbsp;<\/strong>Consumers are very aware that <a href=\"https:\/\/preprod.realtrends.com\/blog\/flawed-real-estate-commission-lawsuits\/\" target=\"_blank\" rel=\"noreferrer noopener\">commissions are negotiable<\/a> and frequently consumers negotiate to reduce their commission costs in a transaction. Consumer data and the housing market proves that. The next key point is that many of these lawsuits seem to put forth the argument that, if buyers didn&#8217;t have to pay as much commission, a seller would reduce their price. Is that true?<\/p>\n\n\n\n<p><strong>Top brokerage company insights:&nbsp;<\/strong>The <a href=\"https:\/\/preprod.realtrends.com\/blog\/real-trends-500\/\" target=\"_blank\" rel=\"noreferrer noopener\">RealTrends 500<\/a> (RT500), from 2010 to 2020, doubled the number of agents at their brokerage firms. That&#8217;s an increase of 100% over 10 years, while the Realtor membership count grew at about 38%. So, the RT500 picked up significant market share among the number of agents that are working for a RT500 firm. Interestingly enough, the number of transactions done by the RT500 firms was slightly more than double by about six points.<\/p>\n\n\n\n<p><em>RealTrending features Steve Murray, founder and partner with <a href=\"https:\/\/realtrendsconsulting.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">RTC Consulting<\/a> and a senior advisor to HousingWire. He offers insight and analysis on three trending real estate issues. Steve\u2019s 30+ years in the industry allows him to give you a deeper understanding of today\u2019s real estate business happenings. Hosted by Steve Murray and produced by Victoria Wickham.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RealTrends Advisor and Industry Stalwart Steve Murray takes a forward look at the market from 2022 to 2024, offers his input on the recent litigation noise and gives brokers some insight into this year\u2019s rankings.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[27],"class_list":["post-2189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RealTrending Ep. 98: Housing market future, litigation noise and top broker lessons - 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