A new website streamlines the home buying process, threatening realtors and their 6% commission.
"Across the country, the National Association of Realtors and the 6 percent commission that most of its members charge to sell a house are under assault by government officials, consumer advocates, lawyers and ambitious entrepreneurs. But the most effective challenge so far emanates from" FsboMadison.com, which holds a nearly 20 percent share of the Dane County, Wisconsin, market for residential real estate listings.
"The price competition is startling. FsboMadison listed about 2,000 homes in 2005 and said that about 72 percent of its listings sell. If those 1,440 houses averaged $200,000 per sale, the real estate commissions under the 6 percent system would have been about $17.3 million. [FsboMadison.com] collected about $300,000."
FULL STORY: Owners' Web Site Gives Realtors Run for Money
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Vehicle-related Deaths Drop 29% in Richmond, VA
The seventh year of the city's Vision Zero strategy also cut the number of people killed in alcohol-related crashes by half.
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With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
A Case for Universal Rental Assistance
A pair of researchers argues that expanding rental assistance programs for low-income households is the most effective way to alleviate the housing crisis.
Office Conversions Have Increased Every Year This Decade
Since the pandemic, office vacancy rates remain high, leading many cities to adjust zoning codes to accommodate adaptive reuse.
Index Measures Impact of Heat on Pedestrian Activity
When heat and humidity are high, people are more likely to opt for cars when possible.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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