A realty trend is any consistent pattern or modification in the basic instructions of the property market which, throughout time, causes a statistically noticeable modification. This phenomenon can be a result of the economy, a modification in mortgage rates, customer speculations, or other fundamental and non-fundamental reasons.

Buyer agency growth

At one time, all realty brokers and representatives, or Realtors, practiced "single firm", indicating they represented only the seller. In the 1990s, the idea of buyer agency became popular, allowing a buyer to keep a representative who would represent the very best interests of the purchaser alone. The very first national company to offer this service was The Buyer's Agent, Inc. [citation required] A 2008 study by Consumer Reports shows that prior to this advancement, state law presumed that a Real estate agent represented the seller by default. The same study reveals that buyers utilizing buyer agents got a savings of $5000 in the cost of the home as compared to rates paid by unrepresented purchasers. [1] Unrepresented real estate buyers might still get in touch with the seller's representative straight to set up residential or commercial property showings