Housing is presently out of reach for many Americans. Mortgage rates remain above 6%. Existing-home prices are above $400,000. Sales are weak, and available houses are increasingly difficult to find.
Some in the real estate industry are framing private housing listings as “seller choice.” That sounds good. Sellers should have choices. But the real question is: choice to do what? Choice to get less exposure, fewer bidders, weaker price discovery, and a process that may benefit the agent more than the homeowner?
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