06 Sep 06 Real Estate

NYTimes on Redfin & The End of Real Estate Agents

“Some economists wonder why agents fight so hard to maintain this pricing system when it is making so few of them rich. In every housing boom, the number of new agents entering the market tracks the climb in home prices. As a result, the average agent sells far fewer homes and makes less money.”

“If agents don’t like [Redfin], then it must be better for consumers.” – Matt Bell

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