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Would lower real-estate commissions lead to higher home prices? Economists are split.

Date Published
August 21, 2024
Section
Milstein Center News
Areas of Expertise
Real Estate
From:
Milstein Center

The real-estate industry just went through a historic shift that will fundamentally change how agents are paid for helping people buy and sell homes. 

The new rules, which went into effect on Aug. 17, are supposed to make the process of buying and selling a home more transparent. But they could also result in higher home prices, according to a new working paper circulated by the National Bureau of Economic Research.

Mentioned Faculty

Tomasz Piskorski

Tomasz Piskorski

Edward S. Gordon Professor of Real Estate
Finance Division
Mentioned On
MarketWatch

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