Oct 03, 2024
WASHINGTON (DC News Now) -- The recent settlement with the National Association of Realtors (NAR) is set to bring significant changes to the homebuying process, altering the way buyers and agents interact. Real estate expert Brian Coester, CEO of Real Estate Connection, outlines how these adjustments will impact future transactions. Among the most notable shifts, buyers will now face new requirements when navigating the homebuying process. Coester advises those planning to move or tour homes to stay informed on these developments to be better prepared. DC real estate expert talks Fed rate cuts, Montgomery County housing affordability In addition to market changes, Mayor Muriel Bowser's "Office to Anything" program aims to repurpose office spaces, addressing real estate demand in Washington, D.C. Buyers also need to consider recent interest rate fluctuations, which have directly affected mortgage activity, making it crucial to time their purchases wisely. Coester said that many buyers qualify for down payment assistance programs, with options available to reduce upfront costs. However, misconceptions about these programs persist. Buyers are encouraged to explore these resources to make homeownership more accessible.
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