A landmark settlement could have major impacts on the U.S. housing market

Published March 21, 2024 at 4:00 AM EDT

FILE - In this, Tuesday, March 12, 2013, photo, a sold sign is posted in front of a home for sale in Mariemont, Ohio. From household wealth to spending at stores, many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession. While the housing market is improving, that engine of economic growth and job creation still has far to go before it can be deemed healthy.

In a landmark agreement this month, the National Association of Realtors (N.A.R.) agreed to pay $418 million over four years to settle a series of cases and eliminate its rules on commissions — a change that experts say could lower seller fees and overall home prices.

On Cincinnati Edition, we’ll discuss the court’s ruling and the potential impacts the landmark deal will have on the current housing market and prospective homebuyers in the Tri-State.

Guests:

Al Rosser, associate broker, ERA Real Solutions Realty
Gary Painter, professor of real estate, University of Cincinnati Lindner College of Business

Ways to listen to this show:

Tune in live at noon ET M-F. Call 513-419-7100 or email talk@wvxu.org to have your voice heard on today’s topic.
Catch the replay on 91.7 WVXU and 88.5 WMUB at 8 p.m. ET M-F.
Listen on-demand. Audio for this segment will be uploaded to this page by 4 p.m. ET., or subscribe to our podcast.

Corrected: March 21, 2024 at 10:53 AM EDT

A previous version of this article incorrectly stated the amount of the settlement. It has been corrected.