The housing market has undergone profound changes in the last 25 years, shaped by technological advancements, economic shifts, changing demographics, and societal trends. From the late 1990s to the present day, the market has experienced dramatic highs, devastating lows, and significant transformations that continue to influence how homes are bought, sold, and valued today. Let’s explore this evolution and its impact on homeowners, buyers, and the real estate industry.

The real estate industry is on the brink of a significant transformation as new regulations take effect on August 17, 2024. These changes, stemming from a landmark settlement involving the National Association of REALTORS® (NAR), will alter the way real estate agents conduct business, particularly in how they are compensated. Understanding and adapting to these changes is crucial for agents looking to continue thriving in this evolving market.