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[quote=Anonymous][quote=Anonymous]Does anyone believe the argument that this decision will lower home prices? I don’t know why sellers would lower the price even if the fees are lower especially since it’s a seller’s market.[/quote] A previous poster's dead-weight loss explanation is useful https://www.dcurbanmom.com/jforum/posts/list/150/1193145.page#27090047 Even if the dead-weight loss effect does not lower prices, the proceeds will go into the pocket of the consumer, rather than the "dead-weight". [quote]since it’s a seller’s market[/quote] That condition will likely prevent price drops. But that condition is not eternal. In a buyers market condition, this along with the settlement decision is highly likely to lower prices. [/quote]
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