Budding Housing Recovery Fails to Aid Broker Commissions: Video
Dec. 29 (Bloomberg) — A surge in home purchases by first-time U.S. buyers is doing little to help real estate agents and brokers who close the deals. Commissions in 2009 fell to the lowest level in seven years, driven down by sales of low-priced homes to first-time buyers using the federal tax credit. Bloomberg’s Vera Gibbons reports. (Source: Bloomberg)
Duration : 0:1:43
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