A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay elsewhere.
It's not only low interest rates pushing up prices to record highs. A historic lack of homes for sale is a big part of it too. And it's making homeownership unaffordable for too many people.
Thanks to the tax overhaul, buying a home will get more expensive in some places in 2018. That's because of new restrictions on how much mortgage interest and property taxes homeowners may deduct.