Realtors

"I have not seen us write more than two offers before getting an acceptance, whereas before it was writing offer after offer after offer," said Houston real estate broker LaTisha Grant.

But how much will really change on August 17?

More agents might start charging buyers hourly rates or working on retainer.

Agents typically split the 5% to 6% commission when a home is sold. Rates could go lower in the wake of class-action litigation.

Realtors are encouraging their clients to get creative if they really want to make a move while interest rates remain high and inventory remains low.

Prices are cooling in the West, but the market in the East is still hot. We check in with a real estate pro in the center of the divide.

As mortgage rates rise, the housing market in San Francisco has come "to a screeching halt," says Cynthia Cummins.

As home sales decline, the field is becoming more competitive.

"You're working twice as hard for the same amount of money," says Mindy Palmer of helping buyers in a tight market.

It's a supply problem.