this Week in Real Estate: Recent Episodes
Ray Ellen
The longest running real estate news podcast created so that you would have one place to go to find out the latest real estate news and headlines with succinct professional analysis from those of us active in the field! We cover the national housing market, mortgage rates, the federal reserve, housing affordability, and real estate industry news and information!
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This week’s episode dives deep into the major developments shaping the housing market and the real estate industry. Compass CEO Robert Reffkin has made a bold statement, claiming Zillow could become the national MLS—is this the future of real estate? Meanwhile, Q3 earnings reports are illuminating the early impact of NAR's commission rule changes, raising questions about how these shifts will reshape agent income.
Legal challenges remain front and center, as a law professor warns that an 'unconstitutional' court order could derail NAR’s settlement deals on appeal. Plus, Anthony Hitt is stepping down as CEO of Engel & Völkers Americas—what’s next for this luxury real estate giant?
In market news, mortgage demand has stalled, and pending home sales held steady leading up to the election, despite mortgage rates hovering near 7%. Experts predict rates will remain elevated and volatile as financial markets digest the Trump presidency and its implications for the economy. Speaking of politics, we’ll explore how Trump’s mass deportation plan could impact immigrant workers and the housing market, and why America’s toughest housing markets are trending red.
On the rental side, national rents remained flat in October, but East Coast and Midwest metros are seeing sharp increases. Finally, we’ll look ahead as Zillow predicts which design trends will dominate in 2025.
Join us today at 10 PST / 1 EST as we break down these critical topics and their implications for buyers, sellers, and agents. Don’t forget to subscribe, hit the bell for notifications, and join the live conversation on Clubhouse!
This week, we dive into the headlines dominating real estate and what they mean for agents, clients, and the market as a whole. Election anxiety is running high, and both agents and clients are feeling the tension as loose talk about housing policies impacts decision-making. A recent survey reveals that 38% of early voters say housing affordability influenced their presidential pick—what does this say about the intersection of housing and politics?
In legal news, objections are piling up against NAR and HomeServices settlement deals, while a judge has granted final approval to nine commission lawsuit settlements, potentially reshaping the industry. Meanwhile, real estate commissions have surprisingly held steady, even after new rules were implemented. Plus, Ryan Serhant scored a win in court against KW Black Label in a recruitment dispute.
On the market side, mortgage rates remain a hot topic. Despite a weak jobs report, they’re expected to fall slightly, but buyers are still reeling—mortgage demand has dropped 11% this week, and buyers have lost $33,000 in purchasing power in just six weeks. With the average age of first-time homebuyers hitting an all-time high of 38, what does this shift mean for the market?
We’ll also discuss the growth of renter households, now expanding three times faster than homeowners, and why more people are turning to cash-out refinances amid financial uncertainty. Plus, with 28% of houses for sale being newly built, the lowest share in three years, how will this affect inventory challenges?
Finally, we tackle the big question: What would a Trump presidency mean for housing? With policies likely to differ dramatically from the current administration, we explore the potential impacts on affordability, rates, and homeownership.
Join us today at 10 PST / 1 EST for sharp analysis and candid conversation. Subscribe, hit the bell for notifications, and join us live on Clubhouse!
This week, we dive into some of the biggest stories reshaping the real estate landscape. The Council of Multiple Listing Services (CMLS) is making waves, urging NAR to maintain the controversial Clear Cooperation policy in a new letter, claiming that weakening it could harm the integrity of the housing market. However, some local associations are still pushing back, challenging the policy as unnecessary and restrictive.
We’ll also cover Pacific Sotheby's International Realty’s recent partnership with Rechat, a move that brings cutting-edge tech to streamline agent workflows. Meanwhile, Real Brokerage’s RISE announcements signal strategic growth—what will this mean for agents and clients?
Despite mortgage rates rising again, pending home sales jumped 2.5% in September, marking the biggest monthly increase in over a year and a half. However, first-time buyers are still facing significant challenges with 30 renters for every home for sale in today’s supply-constrained market.
Home prices grew by 0.5% in September, the fastest pace since April, reflecting continued demand despite affordability pressures. As we look to 2025, new surveys highlight buyer and seller expectations and reveal that nearly a quarter of first-time buyers are delaying their purchases until after the election. Will political uncertainty drive even more market hesitation?
Join us today as we break down these key developments!
This week, we explore the major shifts and controversies shaping the real estate industry. We kick things off with NAR’s Clear Cooperation policy under attack—some agents claim it’s giving big brokerages a competitive edge, while others say dismantling it could harm both agents and consumers. One local association is outright rejecting the policy, intensifying the debate. Meanwhile, a survey reveals that 55% of agents now see MLS value declining post-NAR settlement, raising concerns about the future of cooperation in the market.
We also dive into Side’s legal battle with the Alexander brothers over alleged contract breaches. On the market front, mortgage demand dropped 17% this week as rates hit their highest point since August, leaving buyers on edge. Interestingly, nearly 25% of first-time homebuyers plan to delay purchases until after the election, adding more uncertainty to an already tense market.
We’ll also look at a new survey showing that 42% of homeowners favor Trump for maintaining home values, while 35% believe Kamala Harris would do better. Meanwhile, renters are almost twice as likely as homeowners to say housing affordability will affect their vote—what will this mean for the upcoming election?
Despite warmer-than-expected inflation, mortgage rates are unlikely to drop significantly. Yet, there’s good news: Pending home sales posted their biggest jump since 2021, signaling renewed buyer activity.
Join us today. Subscribe, hit the bell for notifications, and join the conversation live on Clubhouse!
On today’s episode, we tackle some of the biggest stories shaking up the real estate world. NextHome CEO James Dwiggins is taking a stand, addressing critics of NAR’s Clear Cooperation policy—how will his comments reshape the debate? Meanwhile, eXp Realty has agreed to a massive $34 million settlement to resolve antitrust commission lawsuits. What impact will this have on the industry?
Additionally, the commission suit against Howard Hanna and an MLS has been tossed out on its merits, providing a significant legal victory in a time of increasing scrutiny on commissions. We’ll also dive into Realtor.com’s new legal battle, claiming that a former editor violated federal law—what does this mean for real estate media?
As we look ahead to 2024, we explore what homebuyers are expecting from real estate agents. With the role of agents constantly evolving, what do buyers want in today’s fast-changing market?
In broader housing news, nearly one-third of young adults say Hurricane Helene has influenced their decision on where to live, and September marked a major turning point for demand as pending home sales leveled off after nine months of declines. Tours hit their highest levels since April, showing a possible market revival.
However, mortgage rates have jumped following a strong jobs report, though consumer sentiment is at a 30-month high. Optimism about mortgage rates is growing, but will that translate into a housing market rebound?
Join us today as we break down these critical stories and more. Subscribe, hit the bell for notifications, and join the live discussion on Clubhouse.
In this week’s episode, we dive into a whirlwind of real estate news, starting with REcolorado’s big move to cut ties with Realtor organizations after being sold to a private buyer. What impact will this have on the MLS landscape? We also cover NAR’s standoff over its controversial Clear Cooperation policy, as revealed by an eye-opening Inman survey. And in breaking news, NAR’s Chief Legal Officer Katie Johnson is stepping down—what does this mean for the future of the organization?
A law professor is shaking things up with a contract designed specifically with buyers' interests in mind—could this change the way we negotiate home purchases? And good news for first-time buyers: buying a starter home is now cheaper than it was a year ago! Plus, we’re seeing signs of market activity picking up, as mortgage demand shoots up and home tours hit their highest levels since May.
However, don’t get too comfortable—mortgage rates are unlikely to drop much further, even with the Fed’s upcoming rate cuts. Meanwhile, refinance demand has taken a step back after a minor bump in rates. With only 2.5% of U.S. homes changing hands this year—the lowest in decades—what does this signal for the market?
We’ll also explore why newly built apartments are filling up, but at a slower pace, and why asking rents for new units have dropped 6%, their lowest since 2022. Finally, Walmart is making headlines with a groundbreaking 8,000-square-foot building for 3D printing. Could this be a game-changer for construction?
Join us for an in-depth look at these stories and more. Subscribe, hit the bell for notifications, and be part of the live discussion on Clubhouse.
This week, we’re excited to be joined live by Skap, Matt, and Michele for a lively discussion on the hottest real estate headlines. We’ll kick off with a debate on NAR’s new consumer guides, which have sparked controversy among agents nationwide. And, Ryan Serhant’s latest tech rollout, S.MPLE, promises to streamline workflows for agents—how will this new platform impact real estate professionals?
In legal news, Compass CEO Robert Reffkin is making waves, claiming NAR’s Clear Cooperation policy violates ethics codes and state laws. Meanwhile, Move’s data-theft lawsuit against CoStar hits a major roadblock, putting a spotlight on the tensions between these two giants. We’ll also unpack the Move class-action lawsuit, which is shining an uncomfortable light on the world of paid leads.
On the market side, half of all home listings are now going stale, sitting unsold for 60 days or more. But there’s a glimmer of hope—buying a home has just become more affordable for the first time since 2020. Could this be the beginning of a market shift? We’ll also cover Fannie Mae’s prediction that 2024 could be the worst year for home sales since 1995—what does this mean for buyers and sellers? And with mortgage applications rising just 1% this week, the market remains in a delicate balance.
Plus, we’ll dive into AI-driven real estate fraud as a South Florida man shares his near-miss experience with this emerging scam. Finally, Realtor.com’s new feature promises to answer the burning question on every buyer’s mind: "Is This the Best Deal on the Street?"
With key insights from our special guests, this episode is one you don’t want to miss. Tune in today at 10 PST / 1 EST and join the conversation live on Clubhouse!
This week, we’re diving into the hottest headlines rocking the real estate world! Support for NAR’s Clear Cooperation Policy is plummeting as the pressure around pocket listings intensifies. Mauricio Umansky is even threatening to sue NAR over these growing concerns, signaling a major showdown in the industry. Meanwhile, the "Portal Wars" are heating up, with $1 billion in advertising driving massive competition among real estate portals—what does this mean for buyers, sellers, and agents?
We also explore shocking allegations in a former NAR employee’s amended complaint, which details claims of discrimination and sexual harassment within the organization. And in a surprising turn of events, the owner of the infamous 'Billionaire Bunker' mansion is suing their realtor for not disclosing that Jeff Bezos was the buyer—what legal ramifications could this hold?
Plus, we take a look at the latest real estate scams, including "The Wolf of West Virginia"—a TikTok scam targeting unsuspecting buyers. On the tech side, Zillow is stepping up with an AI-powered home search that could render traditional filters obsolete. How will this change the way we shop for homes?
In economic news, the Fed is poised for its first rate cut in years after a hotter-than-expected CPI report. However, is it too soon to refinance your mortgage? Mortgage rates are falling, making housing payments more affordable than they were a year ago despite higher home prices. We’ll also cover the falling demand for second-home mortgages, which has hit an eight-year low, and what that signals for the luxury market.
U.S. home prices rose by 0.5% in August, the largest increase in four months, while home listings are surging by over 60% in some cities. But despite builder sentiment improving as rates fall, affordability challenges persist, with existing home and pending sales at their lowest levels since the pandemic. What does all this mean for the future of the market?
Tune in for all this and more as we break down the biggest real estate stories of the week. Subscribe, hit the bell for notifications, and join us live on Clubhouse!
This week’s episode is packed with hot-button issues shaking the real estate world. Agents are filing lawsuits against Move for allegedly selling “fake leads,” raising major concerns about lead generation practices. Meanwhile, the founder of the Sitzer lawsuit has launched a new startup, charging $49 per home tour—what does this mean for buyers and agents? Homie’s lawsuit against NAR and major brokerages has sparked a potential boycott of listings—how will this disrupt the industry?
We also cover NAR’s bold move to fight the DOJ investigation all the way to the Supreme Court, BrightMLS’ decision to restrict data access, and whether we’re on the verge of a national MLS. Plus, despite falling mortgage rates, home sales remain sluggish as uncertainty around the NAR settlement and the upcoming election keeps buyers on edge.
Mortgage refinance demand has surged 94% from last year as interest rates continue to fall, but what’s behind the increase? And with 6 out of every 7 people locked into a mortgage rate below 6%, we’ll explore how the “lock-in effect” is starting to ease.
On the affordability front, we break down the latest data showing that homebuyers need to earn nearly $80,000 to afford the typical U.S. starter home—just shy of an all-time high. Plus, the typical down payment has skyrocketed to a record $67,500, up 15% from a year ago. We’ll also discuss the Bank of Canada’s latest interest rate cut and how Florida and Texas condo supplies are piling up amid soaring HOA and insurance costs. And finally, find out which five cities have the highest rents for one-bedroom apartments.
Tune in today at 10 PST / 1 EST for all these stories and more. Subscribe, hit the bell for notifications, and join us live on Clubhouse for an unfiltered discussion!
Michael Ketchmark says, “We’ll be watching,” as stealth commission offers on lawns and key chains raise red flags across the industry. Meanwhile, NAR settlement class notices are heading to consumers, adding a new layer of transparency. ReAlpha’s “super app” teases commission-free buyer agency—could this be the future of real estate? Plus, we’ll discuss the antitrust lawsuit filed—and then withdrawn—by the Cassina Group against NAR and state Realtor associations.
In leadership news, Nykia Wright has been named the permanent CEO of NAR, bringing fresh direction amid industry shifts. We’ll also break down Kamala Harris’ housing proposals and what her presidency could mean for the market. Home prices are ticking up, and mortgage rates have dropped to the lowest level in over a year, giving buyers a new edge. But what’s behind the drop in weekly mortgage refinance demand? And why are 8.5% of U.S. homes now worth over $1 million?
Don’t miss out on these stories and more! Tune in today at 10 PST / 1 EST for sharp analysis, and join the conversation live on Clubhouse.
In this episode, we tackle the most pressing issues shaping the real estate landscape today. Michigan agents and brokers are taking the National Association of Realtors (NAR) to court, challenging the organization over antitrust concerns stemming from the recent commission settlement. We dive into what this lawsuit means for the industry and its potential ripple effects.
Next, we explore the alarming statistic that 47% of online property inquiries are being ignored. In an era where digital engagement is critical, what does this say about the state of real estate marketing?
We also introduce Zillow Group’s new CEO, Jeremy Wacksman, and discuss his vision for the company amidst a rapidly changing market. Plus, we share Gary Keller’s expert advice on navigating the recession and clearing up commission confusion—essential listening for agents and brokers alike.
In market news, home prices continue to climb in 90% of metros, with Silicon Valley breaking the $2M ceiling. We’ll discuss what’s driving this growth and where the market might be headed next. On the investment front, fix-and-flip loans are going mainstream, attracting more investors into the market. What does this mean for housing availability and prices?
Mortgage rates have dropped to their lowest level in over a year, prompting a surge in house tours. Could this be the sign that the housing market is heating up again? Meanwhile, the U.S. housing market is nearing a staggering $50 trillion in value, with the number of trillion-dollar metros doubling. What are the implications for buyers and sellers?
For renters, there’s some good news: asking rents have fallen across all bedroom counts for the first time in four years. We’ll explore the factors contributing to this shift and whether it’s here to stay. Additionally, we discuss the decline in the share of wood-framed homes in 2023 and what this means for construction trends moving forward.
In political news, we analyze what vice presidential candidate Tim Walz, a non-homeowner, has done for affordable housing. And finally, Amazon’s debut of a trio of tiny homes in response to the home affordability crisis is sparking interest—could this be a viable solution to the housing crunch?
Don’t miss this episode of tWiRE as we break down these critical topics and more. Tune in today at 10 PST / 1 EST. Subscribe, hit the bell for notifications, and join the conversation live on Clubhouse.
Join us for today’s episode as we dive into the hottest real estate headlines. Zillow Gone Wild is facing a $300K copyright infringement suit from a real estate photographer, which could shake up the way property photos are used online. Consumer watchdogs are advising buyers to pay agents '2% or less' amidst shifting commission rates, with the typical buyer’s agent now earning 2.55% in commission—a decline since the NAR settlement announcement in March. With the big August 17 deadline approaching, the NAR settlement remains confusing for many, but NAR has rolled out resources to help sellers and buyers navigate these changes. In the past year, 10% of agents have switched brokerages, highlighting industry volatility.
Meanwhile, America’s renter population is growing three times faster than its homeowner population due to rising homebuying costs. Despite lower mortgage rates, pending sales have posted the biggest year-over-year decline in nine months, indicating buyer hesitation. Mortgage rates have plunged to their lowest level in over a year following a weak employment report, spurring a 16% surge in weekly mortgage refinance demand and giving homebuyers nearly $30,000 in extra purchasing power over the past month.
In a surprising twist, nearly 25% of Gen Z house hunters are willing to sacrifice safety to afford a home, according to a Redfin survey. Additionally, thousands more people are moving into fire- and flood-prone areas, driven by migration to states like Texas and Florida.
Tune in today at 10 PST / 1 EST for a deep dive into these stories and more. Subscribe, hit the bell for notifications, and join us live on Clubhouse to share your thoughts and be part of the conversation.
Join us for today's episode as we dive into the latest and most critical real estate headlines. Over 10 million home sellers are being targeted in a massive class-action media blitz. We’ll discuss what this means for the industry and those involved. EXP Realty has made a bold move by halting broker-to-broker compensation, but with some notable caveats—what’s the real story? CRMLS is also in the spotlight for removing key concessions details, impacting transparency in listings. The prospective new owner of REcolorado has received a positive response, signaling potential changes ahead.
Redfin's CEO describes the housing market as being in a 'funk,' with homebuyers hesitant due to election uncertainties. Are million-dollar starter homes becoming the new norm? We’ll examine this growing trend. Homeowners insurance premiums surged 21% last year, with experts attributing part of the increase to climate change. High housing costs are reaching record levels, as reported by Harvard University, while luxury home prices have spiked 9% to an all-time high.
In economic news, the first Fed interest rate cut in years may be on the horizon—what should homeowners and buyers expect? The Minneapolis Fed suggests that optimal inflation policy should largely ignore housing, sparking debate among economists. Despite these challenges, the typical homebuyer’s monthly payment has dropped to its lowest level in four months, signaling improved affordability. Finally, we’ll discuss the growing trend of investor regret as real estate purchases hit their lowest point in two years.
Tune in today for all these insights and more.
This Week in Real Estate, we will talk about CoStar Group's Q2 revenue surged with $55M from Homes.com bookings—what's driving this growth? We’ll untangle the proposed NAR settlement and its ripple effects on appraisals and agent data transparency. Colorado officials just said no to mandatory buyer agreements; we’ll explore what this means for consumers & the settlement. With mortgage rates dipping, typical monthly housing payments are down, but why are house hunters still waiting? Home prices are climbing at their slowest pace since early 2023, yet the median sales price for existing homes just hit a record high. What’s causing this paradox? Summer's seeing a record number of buyers backing out of deals, and nearly two-thirds of listings are stagnating on the market. We'll discuss the latest trends and strategies. Plus, mortgage demand is plummeting as buyers hold out for better rates, and Biden’s rent cap plan is stirring up controversy among housing groups.
Catch all this and more, today!
Join us on this week’s podcast as we dive into the latest real estate headlines making waves across the nation! We’ll discuss the DOJ’s reopening of its investigation into the National Association of Realtors and the new criteria released by the Consumer Watchdog CFA for evaluating home buyer contract forms.
In swing states, the typical homebuyer’s monthly payment has nearly doubled since the last presidential election. Home-sale prices have hit record highs for the ninth straight week, but with rising supply and slow demand, we might see a cooling effect soon. San Francisco's downtown has become a 'ghost town,' according to a mayoral candidate, who calls for its revival.
We’ll also explain the housing market using six insightful charts, and talk about how falling mortgage rates and rising supply are creating opportunities for homebuyers this summer, even amidst record-high prices. Mortgage refinance demand has surged to a two-year high as interest rates drop, yet high rates continue to hold back builder confidence. June marked the highest yearly increase in building material prices since February 2023, adding another layer of complexity to the market.
Additionally, we’ll cover President Biden’s plan to cap rents at 5%, which some argue would deter production and harm affordability. Finally, we’ll reveal America’s 10 best states for buying and selling a home in 2024, with a surprising caveat at the top spot.
What in the world is happening? This doesn't make any sense! SUPPLY is up AND home PRICES are up?? How does this happen?
Join us this week on the podcast as we unpack the latest real estate headlines that are making waves! Discover the buyer behind REcolorado as legal battles and questions continue to swirl. We'll delve into the recent censure of CoStar over claims in their Homes.com ads and celebrate Real Brokerage marking its 10th anniversary with a significant milestone. We’ll also discuss the lawsuit from Realtor.com’s parent company Move, accusing CoStar of stealing trade secrets.
Are there really too many homes for sale? We’ll explore why that’s not quite the case, even as housing prices rise amidst increasing supply. Learn why permits to build U.S. apartments have dropped nearly 30% since the pandemic and how the share of smaller home lots has reached a new high. Discover new homebuyer opportunities emerging in the market and get the latest on framing lumber prices.
Plus, we’ll talk about why the pool party might be over as Americans pull back on backyard upgrades and why San Francisco’s office vacancies are hitting all-time highs despite the AI boom in Silicon Valley.
Subscribe to stay updated with the latest in real estate news and trends!
Join us this week on the podcast as we dive into the latest real estate news and trends that are shaping the market! From legal battles to market shifts, we’ve got it all covered. We’ll discuss why sellers are appealing the Keller Williams, Anywhere, and RE/MAX settlements, and explore the upheaval at REColorado as the board gets ousted amidst plans to sell the MLS. NAR President reveals the DOJ’s focus on settlement workarounds, and we highlight new opportunities for homebuyers as the market shifts. Learn why home prices are beginning to cool with a 35% jump in active listings and understand the impact of high new home sales inventory on home building.
We also cover how home prices have hit a new all-time high, pushing pending sales down 5%, and discuss why newly built apartments are filling up at the slowest pace since 2020. Discover the significant trend of homes selling for less than list price for the first time since the pandemic. Additionally, we delve into what Biden and Trump said (or didn’t) about housing affordability in the 2024 presidential debate, and the White House’s pro-housing initiative awarding $85 million in federal grants.
Don’t miss out on these crucial updates that could shape your investment decisions. Subscribe to stay informed with the latest in real estate news and trends!
Welcome to this week's episode of "This Week in Real Estate"! Today, we're diving into some of the hottest topics shaping the market. The DOJ's recent filing could give REX a second chance in its Zillow dispute, and a judge denies a stay order after plaintiffs argue against the NAR deal. Meanwhile, a DOJ inquiry delays the settlement-related document rollout at CAR, and a watchdog group targets California buyer rep agreements.
In a surprising move, ReColorado's MLS buyout by private equity raises significant concerns. We also cover the slide in existing home sales in May and discuss the dire state of housing affordability. Renters need to earn $66,120 to afford a typical U.S. apartment, but the typical renter falls $11,000 short of that mark.
Both mortgage rates and weekly mortgage demand are stagnant, indicating a slow summer housing market. The Bank of America suggests the market will remain 'stuck' until at least 2026, but Fannie Mae predicts that more listings and lower rates could boost sales by 2025. Additionally, the typical new home in the U.S. is shrinking, and we explore what that means for buyers. Despite home prices hitting new highs, buyers are gaining power as stale listings pile up and price drops become more common. Lastly, we examine how housing in pandemic boom towns is up to 40% overvalued, according to Reventure CEO Nick Gerli.
Welcome to this week's episode of "This Week in Real Estate," titled "Home Sales Drop! Is the RUN UP Finally OVER??" We tackle the most pressing issues in the real estate market today. The DOJ pushes back against NAR’s rehearing request, while Andy Florance discusses the Homes.com platform and the misconceptions about 'pure buyer agency.' Discover why families now must spend 38% of their income on mortgage payments, according to a new NAHB index.
We also delve into the rush to build new homes to the 2021 IECC standards and how this exacerbates the affordability crisis, as highlighted by NAHB in Congress. Despite U.S. home prices hitting another record high, declining mortgage rates could offer some relief to buyers. However, home prices are rising at their slowest pace in nearly a year and a half, and home sales have fallen to one of the lowest levels on record in May.
Lastly, we identify the least affordable cities for potential homebuyers. Join us for an in-depth analysis and discussion on whether the real estate market's run-up is finally over!
Welcome to this week's episode of "This Week in Real Estate" where we dive into the latest industry shake-ups and trends. We start with the dramatic appeal from a seller who balked at an inadequate payout from a commission deal and the MLS’s claim that the proposed DOJ ban on commission offers is against the law. The FBI raids a corporate landlord in a high-profile rental price-fixing investigation—get the details!
We also cover the Veterans Affairs' new rules, officially removing compensation hurdles and allowing vets to pay broker commissions, making home buying easier for our military heroes. Zillow and Redfin are making big moves in mortgage investing—find out how this could reshape the market.
Learn why more than 3 in 5 home listings are now 'stale' as record-high costs dampen demand, and why housing markets on Florida’s west coast are cooling faster than anywhere else in the U.S. We explore the falling home prices in three Texas metros and Portland, Oregon, and the implications of rising U.S. asking rents for the second straight month.
We discuss how a brief drop in mortgage rates led to a huge surge in demand and whether this trend will last. Finally, discover why real estate remains the top long-term investment choice for 36% of Americans. Plus, join us live as we debate whether the Fed will cut rates or keep them steady. Don’t miss out on this packed episode!
Tune in to this week's episode of "This Week in Real Estate" for the latest news and trends shaking up the industry! We start with a groundbreaking move by NWMLS, becoming the first MLS to reject NAR settlement terms. Find out the implications as a buyer appeals the settlements with Keller Williams, Anywhere, and RE/MAX.
Discover Opendoor's innovative approach with their new mobile truck offering instant offers in Nashville, and get the scoop on the latest shake-ups at RE/MAX with the resignation of their COO.
On the economic front, the Bank of Canada cuts rates to 4.75% and hints at more reductions, while mortgage demand falls for the second consecutive week as the market eagerly awaits Friday’s jobs report. Learn why price drops have hit their highest level in 18 months and what skyrocketing delistings mean for the pricing imbalance.
We also explore why renters are staying put longer, with 1 in 6 now living in the same home for a decade or more. Investor home purchases are up for the first time in two years – what does this mean for buyers? Plus, get an inside look at how $1 spent on an abandoned baseball stadium turned into a $14 million luxury apartment conversion.
Finally, find out how single-family and multifamily production trends are diverging across different geographies, and learn about a new luxury homebuyer perk: an art collection included with the deal.
Join us on this week's episode of "This Week in Real Estate" as we dive into the latest industry updates and trends. We kick off with Rocket Homes' tech chief discussing the innovative 'Explore Spaces' visual search tool. Learn how real estate portals are adapting in the face of the commission crunch and what it means for the future of home buying.
Despite a significant increase in supply, home sales unexpectedly slipped in April. Discover why one-third of houses for sale are newly built, approaching record highs. We analyze the impact of home prices hitting another all-time high, which pushed pending sales down by 4%.
We also explore how Gen Zers and young Millennials took out 40% of U.S. mortgages in 2023, and why high home prices are deterring potential buyers despite their continued ascent. Find out why the Sun Belt is experiencing some of the biggest rent declines in the country and hear the distressing story of a Texas homeowner financially ruined by squatters.
Don't miss our in-depth coverage and expert insights on these crucial real estate topics!
Welcome to another episode of "This Week in Real Estate"! In this week's episode, we dive into the latest industry news and trends affecting homebuyers, sellers, and real estate professionals alike.
Topics Covered:
- Judge Approves Keller Williams, Anywhere, RE/MAX Settlements: Discover the implications of this major legal decision on the real estate industry.
- Sitzer Judge Indicates Support for Proposed NAR Settlement: Get the latest updates on the National Association of Realtors' proposed settlement.
- 1,500-Agent Tennessee Real Estate Brokerage Joins Compass: Learn about the newest addition to Compass and its potential impact on the market.
- Record-High Monthly Payments Chill Spring Selling Season: Explore how rising monthly payments are affecting the spring selling season and the potential for activity to pick up with declining rates.
- Mortgage Demand from Homebuyers Drops: Analyze why mortgage demand is decreasing despite interest rates pulling back to April lows.
- Down Payments Averaging $26,000 - The Highest Q1 Level on Record: Understand the trends behind the increasing down payment amounts in Q1.
- Investor Home Purchases Rise for the First Time in Nearly Two Years: Examine the resurgence in investor home purchases and what it means for the market.
- Demand for Vacation-Home Mortgages Fell 40% in 2023: Delve into the factors behind the significant drop in demand for vacation-home mortgages.
Join us live on YouTube, Instagram, LinkedIn, Facebook, and Clubhouse for an engaging discussion on these topics and more. Don't forget to subscribe for more real estate updates!
This Week in Real Estate -- Discover how Redfin settles commission lawsuits with a $9.25M agreement and what the NAR's upcoming practice changes mean for the industry. Hear insights on Warren Buffett’s stance on real estate amidst significant settlements and the latest attempt by buyers to halt commission suit settlements. We explore Zillow’s strategic response to the NAR settlement and analyze why home prices are stagnating in hot markets like Florida and Texas. Additionally, we’ll dissect the dynamics behind the all-time high home prices and the uptick in mortgage refinance demand. This episode also covers the dramatic increase in millionaire homeowners and the challenges faced by low-income Americans in the housing market. Don’t miss our expert analyses on these critical topics affecting real estate today!
Dive into the latest pulse of the real estate market on "This Week in Real Estate"! We're exploring a range of pressing topics including the Sitzer judge's preliminary approval of the NAR settlement and the 60-day countdown for brokerages to opt into a massive $418M deal. Discover why there are questions about NAR's transparency with its membership data and how CoStar Group's acquisition of Matterport for $1.6 billion marks a significant expansion.
We'll also look at Homie's strategic pivot in the market, the challenges as mortgage rates exceed 7%, and the implications for luxury home costs reaching all-time highs. With the Redfin Home Price Index showing stable growth and nearly 40% of homeowners unable to afford their homes in today's market, the episode is packed with insights. Plus, we delve into the rising interest in Islamic mortgages in the Canadian market. Tune in for expert analyses and the latest trends impacting buyers, sellers, and industry professionals alike!
We're exploring the tough sacrifices many Americans are making just to afford housing—from skipping meals to working overtime. Discover why a growing number of renters believe homeownership might forever be out of their reach, as nearly 40% think they'll never own a home, a significant increase from last year.
Tune into this week's episode of "This Week in Real Estate" for a deep dive into the current state of the housing market. We'll also discuss the alarming trend in San Francisco where nearly 20% of home sellers are taking a loss, starkly contrasting with the national average. Plus, get insights into the persistent high costs for buyers amid record-setting monthly payments fueled by ongoing inflation pressures.
Stay updated on the latest industry movements: Housing starts are down due to rising interest rates and financing worries, yet builder and remodeling market sentiments are holding steady. Learn about the legal landscapes shifting beneath real estate transactions, including a Supreme Court denial that impacts HomeServices of America and new commission lawsuits that could attract federal scrutiny.
Whether you're a homebuyer, seller, or industry professional, this episode provides crucial insights into navigating today's complex real estate market. Join us for expert analysis and discussions that could help you make informed decisions in this turbulent market.
On today's podcast, 🏡 Barbara Corcoran comments on the NAR settlement and predicts a skyrocketing market, while NAR's recent settlement raises questions about future commission structures for consumers. 🛡️ NAR also calls for crucial updates to VA home loan policies, highlighting the pressing need for policy adjustments. 📉 Amidst a plateau in mortgage demand due to persistently high rates, an analysis reveals that baby boomers are choosing to age in place, contributing to the ongoing housing supply constraint. 💰 The financial threshold to enter the housing market has surged, with the typical down payment now at $56,000. Despite rising supply offering a glimmer of hope for some buyers, housing affordability continues to plummet, painting a grim picture of market accessibility. 📈 Additionally, as rents tick upwards nationally for the first time in six months, the financial disparity between Gen Z and millennials before turning 30 becomes more evident. Join us for a comprehensive exploration of these developments and their far-reaching implications on buyers, sellers, and the market at large.
🌟 This week we dive deep into the currents reshaping the housing landscape! 🏠 The NAR settlement has left the industry buzzing, with several brokerages standing outside the agreement's umbrella. As President Biden voices his support, claiming substantial savings for homebuyers, NAR President Kevin Sears sheds light, yet questions linger. 🤔
Consumer advocates celebrate this as a victory for market competition, while a lawsuit shakes Keller Williams over profit share adjustments. 📉 Meanwhile, mortgage demand hits a pause despite softer interest rates, and January sees US home prices surging at a record pace since 2022. 📈
In an affordability crisis, typical households fall $30,000 short of owning a median-priced home—yet, hope glimmers compared to last year. 🏡 Renting now trumps buying in affordability across all major US markets. Plus, the housing supply sees a significant 5% increase, marking a near-year high. 💡
"Generation Nepo-Homebuyers" emerge, with over a third relying on family wealth for down payments. Lastly, the co-ownership wave hits vacation homes, with Pacaso catering to a broader market. 🌴 Don't miss our engaging discussion on these pivotal shifts in real estate!
The news has been shouting it from the rooftops but are they flat wrong? Will home prices decrease because real estate fees are going down? ARE real estate fees going down?? Plus we talk about the fall out from Friday's settlement announcement that has Compass paying over $500M because a deal "negotiated" on their behalf and Home Services holding the $4 billion dollar bag!! And then we will dive in to some economic news. The FED will meet today and we are reading the tea leaves of this announcement to find out if the rate drop will be pushed from late summer to the end of the year. Builder sentiment is up and we will talk about why and it looks like we have MORE inventory hitting the market!! This is great news for home buyers.
NAR Settles the Commission Lawsuit! What does this mean for agents, home buyers, and sellers?? What do you think about the ruling? Will this impact your business??
🔥 This week on "Real Estate Rundown," dive into the latest seismic shifts and key trends shaping the housing market! 🏡 From the buzz around decoupled commissions and their impact on agents, to high-profile leadership changes at Keller Williams and eXp Realty, the real estate world is buzzing with developments. 💼 Plus, get the lowdown on mortgage demand dynamics as rates flirt with the 7% mark again, and what the recent jobs report means for potential Fed moves. 📈
Inflation's February spike throws a wrench into hopes for a housing market soft landing, while policy changes at Freddie and Fannie, and a significant departure at the Housing Department, hint at broader implications for affordability and access. 🚀 Explore how these factors are influencing voters' perspectives on housing as we head into election season, and why rental market prices are on a surprising upswing. 💰
Lastly, we're unpacking a stark reality: the skyrocketing income needed to afford a home today versus just three years ago, and a glimpse into the competitive rental scene in Ann Arbor. 📊 Don't miss insights on how companies like LoanDepot are navigating these turbulent waters. Tune in for an engaging discussion that cuts through the noise to bring you the real story behind these headlines! 🌐
Today is a bit different! We take a look behind the scenes at how the show is made and we will get ALL the news that is good and some that is not. We talk about the house, the markets, and more!
Head over to my YouTube channel for the full video. ➡️ https://youtube.com/live/bLS8x5AD9N8
Dive into the latest real estate trends with this week's episode of our podcast. We're unraveling critical insights and updates that are shaping the housing market today. From the Department of Justice's latest stance on broker commissions to the insightful reactions from the National Association of Realtors (NAR) to a Wall Street Journal critique, we're covering the bases to keep you informed.
Discover CoStar's continued success in Q4 and explore the dramatic shifts in mortgage demand as interest rates soar past 7%. Experts are advising caution in the current market - is it the right time to invest in your American dream?
We'll also dissect January's cooling housing market activity, analyze Canada's inflation data, and consider the steady start to the year's price growth. As home prices and mortgage rates climb, find out why potential buyers are pausing their home search.
Additionally, we delve into the increasing trend of squatting, Donald Trump's significant fine for overvaluing assets, and why more people are relocating from areas with poor air quality.
Tune in for a comprehensive update on the real estate sector - essential listening for industry professionals and enthusiasts alike. Catch us live at 10 PST/1 EST for a compelling hour of real estate revelations.
🏡 This Week in Real Estate: Navigating Market Shifts and Legal Battles 🏡
Dive into the latest developments shaking the real estate industry this week on our YouTube channel. Zillow's Q4 revenue sees an upswing as CEO Barton highlights the portal's dominance. Meanwhile, CoStar is setting the stage for an epic showdown, pledging a billion dollars in marketing to secure the portal crown. Amidst executive shakeups, Anywhere Real Estate welcomes a new tech leader. In a shocking twist, a prominent NYC real estate developer faces charges in a massive $86M fraud case.
The legal landscape intensifies as a Utah homeseller launches a commission lawsuit against NAR and 13 others, marking a critical point for industry compensation structures. Market dynamics shift with pending sales hitting a four-month low, largely attributed to surging mortgage rates dampening buyer enthusiasm. However, a silver lining emerges for potential homeowners with the introduction of a new student loan repayment plan, poised to ease the path to homeownership.
As mortgage rates continue their ascent, January's CPI report dashes hopes for a March interest-rate cut, compelling homebuyers to reconsider their plans. In a telling trend, homeownership durations have doubled since 2005, reflecting older Americans' preference to age in place. Meanwhile, investors are increasingly targeting the country's most affordable homes, owning a record-breaking share in the fourth quarter.
Stay tuned for an insightful exploration of these pivotal moments in real estate, shedding light on market trends, legal challenges, and the evolving landscape of home ownership and investment. Don't miss out on the crucial updates that could redefine the industry. #RealEstateNews #MarketTrends #LegalChallenges #HomeOwnership #MortgageRates
Dive into this week's real estate revelations on "This Week in Real Estate"! 🏠💡 Amidst unprecedented challenges, from the DOJ's scrutiny on NAR following the $1.8B Sitzer verdict to the surge in lawsuits against corporate landlords, the landscape is shifting. Discover the implications of Keller Williams' settlement and why HomeServices urges the Supreme Court's intervention. As NAR faces a membership decline for the third consecutive year, we unravel the strategies behind their latest campaign and CEO Nykia Wright's mysterious video appearance.
With mortgage rates leaping over 7%, we're at a crucial juncture where buyer demand steadies against rising interest rates. Despite increased home tours, sales remain elusive, highlighting a market ripe for analysis. The construction surge sees nearly a third of Q4 home sales as new builds, approaching a historic high. Meanwhile, luxury home prices soar, setting new records as cash transactions dominate the high-end market.
Our spotlight also shines on the one-third of agents aiding clients in relocating due to local policies, and how insurers' exodus from disaster-prone regions signals potential impacts on home values.
Tune in LIVE for expert insights, deep dives, and the latest trends shaping the future of real estate. Whether you're buying, selling, or simply passionate about property, this episode is packed with invaluable knowledge for navigating today's complex market. 🕒 Live at 10 AM PST / 1 PM EST. #RealEstateTrends
#NAR #MortgageRates #HousingMarket #LuxuryHomes #RelocationTrends #RealEstateNews
🎧 Listener Special! Join us as we invite listeners of the show to join in live!
📋 NAR is making waves by advocating for the centralization of compensation lawsuits. How will this impact real estate professionals across the board?
🚫 "Date-the-rate" advice is under the microscope. Is it just savvy marketing or deceptive advertising? We're dissecting the fine line in real estate promotions.
📉 After months of steady climbs, home prices are finally showing signs of cooling. November brought a shift, but what's next? S&P Case-Shiller's insights shed light on the future of the housing market.
💰 With mortgage rates retreating from their peak, homebuyers now have an added $40,000 in purchasing power on a $3,000 monthly budget. We're exploring how this changes the game for potential buyers.
🥶 The year kicks off with robust price growth, yet severe weather is putting a chill on some homebuying activities. Find out who's braving the storm and who's waiting it out.
📈 "Forget a soft landing" - a bold statement from a leading economist. We're delving into what a 'no landing' scenario could mean for the market and your investments.
🚧 And in Beverly Hills, a clash between luxury renovations and affordable housing needs sparks controversy. What does this standoff reveal about the state of urban development?
🔥 Stay tuned for a riveting discussion on these topics and more, only on "This Week in Real Estate." Don't forget to like, subscribe, and share for the latest in real estate insights!
🕒 Join us LIVE: 10 AM PST / 1 PM EST. Your weekly real estate rendezvous awaits!
#ThisWeekInRealEstate #RealEstateTrends #MarketInsights #NAR #HomePrices #MortgageRates #EconomicOutlook #SERHANT #RealEstateNews #FederalReserve
🔥 This week on "This Week in Real Estate," we're diving into the latest industry shake-ups and market movements! 🔑 From CoStar's CEO pointing fingers at "Ziltorfin" for tarnishing the industry's reputation, to a groundbreaking commission lawsuit in California naming 36 defendants, we're covering it all. 📈 Experience the thrill of the market with December's record 4% rise in pending home sales, the highest in over two years, and understand the surge in mortgage applications despite creeping interest rates. 🏡 With over 20% of homeowners eyeing the market within the next three years and a forewarning of a challenging year ahead from Howard Lutnick, we explore what's next for US real estate. Plus, we'll delve into Texas's burgeoning housing market, the impact of 2024's severe winter weather on buyers and sellers, and the significance of December's modest price increase. 🚀 Don't miss out on these insightful analyses and expert forecasts that shape the future of home buying and selling.
🏠 This week's episode packs a punch with the latest industry updates and trends. We're kicking off with a deep dive into Zillow and ShowingTime's lawsuit against multiple listing services - a must-listen for industry professionals. Next up, Real Brokerage announces two innovative programs for Teams & Brokerages, reshaping the landscape for real estate professionals.
Stay tuned as we explore Gen Z’s stagnant homeownership rate in 2023, contrasted with gains seen by Millennials and Gen Xers. Discover why empty nesters own twice as many large homes as Millennials with kids, and the implications for the housing market. We're also breaking down the "Lock-in Effect" - revealing why 89% of people with mortgages now have an interest rate below 6%.
Don't miss our analysis of the early-stage demand uptick as mortgage payments fall and more homes hit the market. Plus, we'll discuss how homebuilder sentiment is improving for the second straight month, following a drop in mortgage rates. Mortgage demand surges over 10% as lower interest rates attract homebuyers, and we'll tell you what that means for you.
Wrapping up, we spotlight the best markets for first-time homebuyers in 2024. Whether you're a real estate enthusiast, a professional in the field, or a potential homebuyer, this episode is packed with insights you won't want to miss! Tune in to "This Week in Real Estate" for your weekly dose of real estate news and analysis. 🌟
🎙️🎧 Tune in for an explosive episode of This Week in Real Estate!! 🏠 We're diving deep into the latest shockwaves in the real estate world. Discover the drama behind NAR President Tracy Kasper's resignation and what it means for the industry, and get the latest on the UMPA lawsuit that's reshaping the future of real estate commissions.
We'll also explore why NAR's membership is declining for the first time in years, and give you the inside scoop on the legal battles in the industry. Plus, we're looking at the early signs of rebound in homebuying demand amidst fluctuating mortgage rates and increasing listings, and discussing how dropping monthly payments are bringing back house hunters. Renters, there's good news for you too, as rental costs drop for the third straight month.
Don't miss our analysis of the Case-Shiller Home Price Index, showcasing the strongest national growth rate since 2022. We're also tackling the big question: Is the American dream of homeownership fading for Gen Z? Find out how the median sale price for US homes is jumping and what it means for your wallet. Plus, we've got insights on mortgage demand trends and a look at the economic outlook for 2024. 🔥
It's that time of year!! The annual prediction special!! We will take a look back at our 2023 predictions and will look into our crystal balls to make predictions on exactly what will happen in the housing market for 2024!
Will mortgage rates increase? Will interest rates go down? Will home prices go up? When will home prices fall? What major changes will happen in the real estate market for 2024? Is there anything happening in the industry that will surprise us?
Plus, we will check in with "industry experts" like Redfin's housing forecast, Zillow's housing forecast, Grant Cardone, Barbara Corcoran, and more!
Drop your predictions in the comments & add yours to the show!!
Michael Ketchmark calls YouTuber & Real Estate aficionado Anthony LaMacchia. We talk to Anthony to hear more about the conversation and WHY would Ketchmark even care?? Plus a NEW Commission Lawsuit Targets Bay Area MLS and we will discuss the new "low" mortgage rates but is it enough? Is American becoming a nation of Renters? Grant Cardone thinks so... but does he really? We dive in to his comments and take a look at what is actually happening for renters and how a recent legislation proposed could add inventory to the market and force renters OUT of their hedge fund owned homes. Is this a good thing or a bad thing for the market??
Yikes. What a week. More lawsuits and more news of potential housing crash for 2024. Is it legit? Today we talk about the new Realtor NAR lawsuits in Florida and Pennsylvania. Also Seattle-based Coldwell Banker franchise drops out of NAR and a new survey shows Realtor members have VERY little faith in the organization. CoStar fights back against Realtor.com and WSJ. PLUS we dive into the market! Monthly mortgage payments fall and new listings go up! But have high mortgage rates hindered buyers so badly that we wont recover?? Pending home sales drop to record lows! And there is a boom in Nashville... What's going on?
The attack on Real Estate Commissions is growing as more lawsuits spread around the country! We discuss big changes in the Nosalek suit, the new lawsuit by Georgia home sellers and we will highlight where you can go to find updates on ALL the lawsuits. And why is Mark Willis back as CEO of Keller Williams?
So what is happening in housing? Is the housing market crashing? We will dive deep into several articles about mortgage rates, interest rate estimates for 2024, and we will discuss changes in homebuilder sentiment, custom homes, & home size! Join the show!
As the world turns... Mom and Dad are here to help but they can't help the NAR!!
NAR is pledging that they will appeal and win the Sitzer Burnett decision and members of NAR Boards are getting sued in a new case in Texas!
AND we talk about the big investor pullback in the Sunbelt but there is good news for buyers as rates have decreased and SELLERS are giving buyers concessions. But.. how are mom and dad helping buyers in this market? They got the money! Join the conversation for Episode 254!
The Sitzer, Burnett trial is over and NAR lost... "but wait … there's more!" DOJ and the plaintiff's attorneys are in talks! Will NAR shed 1 Million members?? PLUS we have all the Q3 revenue losses and gains for Offerpad, Opendoor, Redfin, Re/Max, Compass, Douglas Elliman, Exp, Rocket, & AirBnB plus LoanDepot warns of MORE layoffs on the way.
Plus 1 in 3 Homebuyers are paying CASH for their home but is there hope because Mortgage Rates plunge and demand finally starts to return. Rates are falling but so are jobs! And what is up with the rental market?
AND we have a news story about another Landlord that got squatters out of his home... but this one is not one you want to emulate! YIKES! Join the show!
NAR seems to be going down in flames lately. Not only did they have a shake up due to misbehavior from it's president, they also lost one of the biggest court cases of the organizations life! We will cover what this means for the industry as a whole AND we will dive into the latest news like ZILLOW acquiring Follow Up Boss in its effort to become the ALL IN ONE place for real estate agents. We also cover the latest economic news and the Fed's decision on interest rates!! Don't miss the show!
In this action-packed episode of tWiRE, we dive deep into the real estate headlines making waves and the underlying forces shaping today's housing landscape. Strap in as we break down the hard-hitting news and dissect the data!
🏛️ Courtroom Chronicles: Gary Keller and Bob Goldberg step into the spotlight in the Sitzer | Burnett NAR Real Estate Commission Lawsuit. What twists and turns await? 📜
💰 Mortgage Mayhem: Mortgage demand takes a nosedive to 1995 levels as interest rates loom large near 8%! How are buyers and the market responding? 📉 September's Inflation Report: A game changer for mortgage rates, or just another data point? We unpack the implications! 🔍
🏠 The Homebuyer's Hurdle: The financial bar rises: A $115k salary now needed to clinch the typical U.S. home. With this figure towering over the average American income, we explore the widening gap! 🚀
📊 Market Metrics: Listings surge, but cautious buyers dominate the narrative. We cut through the noise to uncover the trends! 🧐 Dwindling confidence? Homebuilder sentiment nosedives to a 10-month low amid soaring mortgage rates. What's on the horizon? 🏗️ A beacon of resilience: Housing starts rally in September, defying mortgage rate pressures. We delve into the driving factors! 🚀
📊 Market Metrics: Listings surge, but cautious buyers dominate the narrative. We cut through the noise to uncover the trends! 🧐 Dwindling confidence? Homebuilder sentiment nosedives to a 10-month low amid soaring mortgage rates. What's on the horizon? 🏗️ A beacon of resilience: Housing starts rally in September, defying mortgage rate pressures. We delve into the driving factors! 🚀
📆 Tune In: Subscribe, hit the notification bell, and get ready for a deep dive into the heart of real estate!
Redfin leaves NAR, Anywhere no longer requires their agents to be part of NAR, RE/Max piles on and does the same... what does the future hold for the professional trade organization? Many agents are questioning the value proposition that the real estate organization provides. Plus, rent rates flatten which is good news for renters but bad news for investors. The jobs report is pushing rates up and the adjustable rate mortgage demand spiked. Is this a sign of the future downfall and housing crash?
Mortgage demand drops to the lowest level sine 1996!! YIKES! Applications are being rejectred due to Insufficient Income & Sellers are dropping their prices. Insurance Premiums are going up and even Tump's estate hits hard times. We will also dive into the industry tea with Redfin leaving NAR, updates on the DOJ Lawsuit and Exp finds a strange bedfellow in Opendoor. Will Homes.com finally take over Zillow??
Hold onto your hats, folks! This week on tWiRE, we’re pulling back the curtain to reveal what agents aren’t spilling about the real estate roller coaster! From skyrocketing home prices and plummeting sales, to mortgage rates that won’t back down, we’re dissecting the headlines and diving deep into the tumultuous tides of the market! 🌊
📈 Market Madness:
Home prices continue to rise despite a sales slowdown! What’s driving this paradox? 🏠 Mortgage rates remain stubbornly over 7%! How is this shaping buyer behavior? 💰 The Fed projects prolonged high rates! What repercussions does this hold for the market? 🏦
🚚 Relocation Revolution:
A record share of homebuyers are relocating! But to where? And why? 🌏 1 in 10 home sellers are moving due to a return to the office! We’re uncovering the stories behind the stats! 💼
🛠️ Squatter Solutions & Legal Labyrinths:
A handyman’s ingenious method to remove squatters! How did he reclaim his mother’s house? 🏡 RE/MAX settles for $55M and MV Realty files for bankruptcy amid a storm of lawsuits! We’re navigating the legal jungle! ⚖️
💬 Join the Conversation:
We’re not just here to talk – we’re here to listen! Agents from across the country, share your insights, experiences, and perspectives! Join us live on Clubhouse and drop your comments below! Your voice matters in the tWiRE community! 🗣️
📆 Tune In:
Don’t miss out! Join us for unfiltered real estate talk, TODAY at 10 PST / 1 EST! Subscribe, hit the bell, and get ready for a deep dive into the truths that agents aren’t telling you about the crash... 🚨
OK Boomer... so it's all your fault? Millennials say that they don't they will EVER afford a home... why? A recent study suggest that the buying habits of the Boomer generation may be in part to blame! Mortgage demand stalls at a level not seen since 1996!! Is this the start of a housing recession?? Will that help the affordability crisis??
Rents keep going up but recent news suggest that they may have peaked as some landlords are offering concessions.
And home prices are still going up but sellers are still skittish. Also we will talk about the MLS cyberattack and the average monthly mortgage payment rising above $2,000!! All of that and MORE on today's show!
Some markets BOOM while other markets BUST, we talk about WHY today! Mortgage rates decrease some, what does that mean for buyers? Are they jumping back in yet? What are buyers waiting on and what is the interest rate that encourages SELLERS to enter the market? New York limits short term rentals and we will talk about details and what that means for Airbnb and VRBO hosts!
Grant Cardone is getting sued by investors who claim they were misled, NAR is getting sued but one of the litigants, Anywhere settled (What does this mean for the case against National Association of Realtors?!) and NAR is standing behind Bob Goldberg while agents rally to see more action.
Are we in a dire situation with high mortgage rates, high interest rates and sky high home prices? Are prices going down anytime soon? Who will make the first move? Sellers or Buyers? Affordability is still a HUGE issue and pending home sales are near recent lows! Today we dive into the data and see exactly what is happening in the market. Join us LIVE!! We also talk about he 10 hottest zip codes for home buyers, Zillow's 1% down payment program and NAR President Kenny Parcell is out with Tracy Kasper IN. What is happening with the National Association of Realtors.
1 in 10 homes are worth $1,000,000 and home prices continue to rise while mortgage demand drops. When will the price increases end?? Is supply actually increasing? Are we still heading for a massive recessions? Experts weigh in and it's something that Gary Keller says he has never seen in his lifetime. PLUS, the final bank pays up from the 2008 housing crash, Scottsdale Arizona bans grass, and we have the rest of the earnings reports with Zillow, Anywhere, eXp, & Real Brokerage. And if you want to know how much NAR is paying their executives or how much NAR spends on advertising, we have that too!
Join us with special guest Olivier Maurice who is with us to talk all about the Canadian housing market!!
Home prices and rates are both at an all time high! Rates are over 7% and the highest they have been in over 21 years! But buyers don't seem to be slowing much. Affordability is at an all time low and mortgage demand is dropping while agents report multiple offers around the county. Will building TALL be the answer or is multifamily a better solution? What's the answer??
Redfin says that the "Clear Cooperation" is failing to stop pocket listings and lawsuits against MV Realty continue to pile up. ALSO, it's earnings seasons. We talk about the earnings reports that we have so far for Q2 of 2023
Zillow and Redfin are teaming up to take builders direct to the consumer while home prices increase and buyers need to earn MORE to buy a home!
What are the metros with the highest single-family rents? What are the lowest?? Lets look at the list.
AND new home sales decline for the first time since February! Uh oh! Mortgage demand drops as interest rates rise and foreign buyers are backing out of the US market. We talk about an entire neighborhood for sale.
And in our "Industry Tea" segment, the Chamber of Commerce is stepping up to the plate for NAR vs the DOJ and Arizona gets a new audio tool!
Home sales are slowing and mortgage demand drops. Will this be the coolest summer housing market on record? Is the FED going to raise rates rates? What does it mean for home prices? Will CoStar overtake Zillow? Is Zillow breaking South Carolina Real Estate Law??? Join us today for episode 241 of this Week in Real Estate!!
From the east coast to the west coast, major cities are trying to save the commercial sector! Is a real disaster on the horizon for San Francisco? Which cities will be hit hardest? Only 1% of the nations homes have sold, which is the lowest in 10 years and affordability is still a major issue. Where are we going?? Join Ray Ellen, Tim Macy, & Matt Petullo as they dive in past the headlines!
Mortgage rates soar over 7% and prices remain high! How can ANYONE buy a home? Inflation is still up but will the feds raise rates again?? What is happening with Texas Property Taxes? Also, is AirBnB in a "Doom Loop"?! Join us for all of this and more and special guest Jay Marks!!
Housing supply is short, rates are up, prices are still high what can save us from a real housing crisis? Is housing fizzling out?? Summertime has hit the market hard as sales slump and buyers seem to take a vacation while rates stay elevated. Will housing ever rebound again?? And the NAR & DOJ are back in court. Join us live!
Are we there yet? Are we heading into the housing crash that "everyone" has been warning about? Are economist right or wrong?? Today we dive into home price and what ever happen to the spring housing market? We talk about recent mortgage demand and how it responded to interest rates and why is "Drought = Stricken Phoenix" such a hot market for relocating?? PLUS Zillow has a ne AI Powered Super Listing tool and Chatbots are discriminating while Howard Hanna leaves the MLS. Join the discussion with our special guest Rick Gonzalez and Rebekah Daniels!
Are you celebrating too soon??? Building materials prices fall, single family starts post a solid gain in May and builder confidence moves positive for June! Are these all signs that the economy and housing market is recovering?? Not so fast!! Powell expects more fed rate hikes ahead, there were fewer homes for sale in may than any other month on record and double digit declines for single family permit in April EVERYWHERE! Is the hill too steep for builders to climb? What's the way out of this mess?! Join the conversation and lets take a look today!
Is housing hinging on the federal reserve's next move? We cover the fed announcement LIVE! Lets talk about what is really happening with the housing crash! Is there a solve for inventory on the horizon? Are investors going under because of the drop in rent rates? Offerpad is delisting and what it means for real estate! Are agents still redlining and steering? What does the National Association of Realtors have to say about it? Real Brokerage shares details about their proprietary data based AI and Keller Williams changes "Command" again, can they save it? Join the show live with special guest Matt Ferrell & Tim Macy!
Kennon Maurer joins me today and we have lots of great stories to cover from some of the highest mortgage rates in recent history, is demand dropping? Why aren't home prices going down!? Should you wait to invest? Is there a "bloodbath" coming as Barbara Corcoran says?? Why can't builders and developers build faster?? Investors are also backing off so what will save us?? Tiny Home? Now you can get one off the shelves at Home Depot but what is the cost and what do you actually get? Maybe you can build a home but now one state is running out of water! How do you fix that?? Plus we talk about some industry insider info like the NAR commission and pocket listing investigation continuing, Keller Williams, eXp and others are getting sued over discrimination, Loan Depot hires a new CFO and MORE!!
Are cities about to sink? Commercial real estate is underwater and selling at nearly half price in major metros! What does this mean for your home value? Is this the CRASH everyone has been warning about? Why are buyers still flooding the market and how does this impact affordability AND you don't want to miss our discussion about climate change's impact on your insurance rates! All of that and more coming up on episode 233 of This Week in Real Estate with special guest Rick Gonzalez!
Home prices are falling in many metros as buyers desert major markets. Does this mark the beginning of the end of the housing crisis? Will home prices go lower? Is a crash on the way?! PLUS Real Estate Agents are leaving the business! Is AI replacing them or is this a hard job? Christa Nielsen is the special guest on today's show.
This Week in Real Estate, we explore the U.S. inflation breakdown for April 2023, discuss the sudden rally in real estate stocks, and dive into homebuilder sentiment. We'll also tackle the office space crisis, trends in the rental market, and the surprising shift in Hamptons' rental prices. Special guest Chris Leeper joins us LIVE!
Will Zillow and ChatGPT actually replace agents?? A drop in listing inventory as home prices surge and affordability still remains the number one issue along side inflation as the fed continues to raise rates and NAR's chief economist says the FED "made a mistake"... And while all of that is going on, something is brewing in the AI space... could it replace Realtors??! Will real estate agents be replaced by Chat GPT? We talk about all of this and MORE with special guest Matt LaMarsh today!!
Tim Macy joins us on the show! This Week in Real Estate we cover the fed rate hike & 8 other stories you need to know! Join us as we delve into the impact of dwindling listings on skyrocketing home prices and discuss the potential implications of another Federal Reserve rate hike on the housing market. We'll also examine the recent dip in mortgage demand as bank failures loom and wealthy buyers face challenges. Discover the affordable alternatives drawing homebuyers to new metro areas and find out why 25% of homes in Austin and Seattle are more affordable than last year. Learn about the rollercoaster of home loans, the setbacks investors face with a shifting market, and how the lack of housing inventory is hindering sales. Plus, we'll touch on eXp World Holdings' efforts to maintain income gains despite year-over-year declines. Don't miss this comprehensive roundup of real estate news – subscribe and stay informed with "This Week in Real Estate!"
Are buyers getting burned in this housing market or are they simply getting burned out with all these doom and gloom headlines? Mortgage demand drops 10%, long-term homeowners are staying put, and new construction can’t keep up. On top of that, homeowner wealth is 40 times higher than renters, rent hikes are outpacing the value of rental vouchers, and homebuilder sentiment isn’t where it needs to be. All of that PLUS: a mass exodus is happening from New York, OpenDoor loses MORE money, Keller Williams goes to India, and what the heck is California up to now?! Join us as we hit all of the hot topics on This Week in Real Estate!
So what is it?! Is the market cooling or does it continue to keep heating up? Is the market strengthening or are we experiencing crashes all over the nation? Is housing regaining some of its affordability or is everything overpriced and out of the reach for too many prospective homebuyers? Well, the short version is that it’s really difficult to tell because data changes almost daily. There isn’t a set “normal” to this market as of yet, however, trending data tells us that we’re heading toward a normalization after a Corona-Virus induced frenzy that lasted for almost two years. More inventory, steady interest rates, and small home price decreases are a good thing and will help us ease back into some sort of comfort in many markets across the country. Come along with us as we discuss all the hot topics on This Week in Real Estate!!!
Is this current housing market just one giant game of chicken between buyers and sellers? Are both sides just waiting to see who cracks first?! And are real estate agents holding valuable information that might help alleviate the pressure that they’re feeling? As more home sellers are sitting out the Spring market, a lack of home listings is taking its toll on mortgage demand. This lack of inventory could have dire effects on the future of affordability as home prices just jumped after several months of decline. All of that PLUS: Vacasa is going to shut down brokerage services in Q2 and learn why AI is taking over real estate. Come hack through the twisted weeds of news stories on This Week in Real Estate!
Will the market Come Around, Stay Away, or Fall on Black Days? Are there No Excuses for our current market situation or are we just a bunch of Zombies doing what the FED tells us? Do we need an Interstate Love Song to help us Come Out and Play or is Everything Zen? Why am I speaking so cryptically and referencing songs from 1994? Well, the current market is coming Unglued (sorry, I had throw in one more) and it seems that our inventory shortage could stymie our “normal” Spring selling season. Plus, we look into all the turmoil with big banks, DOJ v NAR, and Zillow accounting for HALF of all the real estate web traffic. Let’s see what happens when Push Comes to Shove on This Week in Real Estate!
In the wake of the recent big bank failures, does the FED have their EYE on raising rates to Mount Doom on the warming spring housing market? Or will they realize that the Return of the banKING disasters could scare more Americans away from the market and chill out on any further rate hikes? Also, home sales spike, mortgage demand increases AGAIN, the war between millennials and boomers HEATS up, and why in the world is California charging rich people MORE to sell their homes?! Join the Two Towers Ray and Dan as we dive through those stories and more on This Week in Real Estate!
Are the recent bank failures just a coincidence or were these orchestrated by Masterminds to be one giant rug pull?! How will these quick collapses affect interest rates and you as the consumer? Rates did dip this past week in the wake of the fallout of the big bank blunders and mortgage demand is rising even with volatility in the market. All of that PLUS… luxury home sales PLUNGE, housing is still the biggest contributor to inflation, and… is the DOJ going to toss the pocket listing lawsuit out of court?! Join the heist as we delve into all the hottest topics on This Week in Real Estate!
Is the US Housing Market slowly fading away from being the National Treasure that it used to be?! Mortgage rates are now back over 7%, home prices KEEP falling, and affordability is half of what it was in 2021! Are buyers going to be able to find their hidden gem and, if so, are sellers still going to be asking for the moon? All of that is plaguing prospective purchasers PLUS… Rocket Mortgage and UWM cut another LARGE chunk of their workforce to combat the slowdown in the market. X marks the spot as we cover those stories and so much more on This Week in Real Estate!
Are we seeing signs of a zombified market being brought back to life… or is this just the dawn of the dead… market?! A new report says that home prices continued their pattern of declines, mortgage rates rise as inflation takes another bite out of affordability, and iBuyers are racking up MAJOR losses. However, spring may bring new hope as pending home sales blow past expectations and the homebuying season may be off to an early start. All of that plus… MV Realty is being accused of having a shameful business model, the CFPB steps in to help military families, and what is Amazon doing to help its employees buy a home?! Join us for a THRILLER of a show on This Week in Real Estate!
Are we going to see monopolies in real estate flourish or fail in the coming years? Well, today, you get to be the judge! Wall Street could own up to 40% of the rental market by 2030 but investors are currently buying only half of the properties they were a year ago. Co-Star looks to take on Zillow’s monopoly of the residential online space… but are they backing out of a deal that could help them drop the gavel on the portal giant’s lead generation business? All of that PLUS… more buyers are blaming their agents and hauling them to court, inflation remains stubborn, and Redfin and Zillow once again report MAJOR losses. Join us as we take the stand on This Week in Real Estate!
The first rule of Fight Club is… you do not talk about Fight Club. But it’s our job to talk about fights in real estate so here we go! The fight between sellers and agents continues as commission discussions heat up, an appraiser countersues alleged discrimination, and builders prepare for pain as they enter the sales ring. Those epic battles PLUS: lumber soars 13%, the FED’s recent move has no negative impact on rates, and refi demand is up before the 8 count. And before the final bell, are we about to FINALLY see a national MLS?! Lace up your gloves and jump in the squared circle on This Week in Real Estate!
Are we set to have a showdown between buyers and sellers, or will it just be a slowdown in 2023?! Mortgage demand has jumped 7% but inventory is dropping. Purchase applications are UP 25% but millennials are saying that inflation is dueling with their purchase plans. Those epic battles plus: Existing home sales fall for the 11th straight month, Coldwell Banker closes offices in Chicago, CoStar is considering a big purchase, and… is the DOJ on the side of the National Association of Realtors? Find out at High Noon (Central time) who the winners and losers will be on This Week in Real Estate!
Are we currently in the eye of the storm and not seeing the signs of the damage in the housing market? Mortgage demand is up this week as interest rates drop, homebuilder sentiment rises for the first time in a year, and we seem to have a solution to solving the ongoing housing crisis. But is all that just the calm before the bigger storm that no one is talking about?! A bombshell has been dropped in Florida that could destroy a lot of wallets, insurance companies are pulling out of Louisiana, and cancellation rates swell up to 68%. What does this mean for real estate agents and how are you going to help your clients navigate these muddy waters?! Find out on This Week in Real Estate!
Are we facing the most frigid market in history and can we thaw out in time for a Spring push? That seems doubtful as Wells was once the number 1 player in mortgages but we are about to see how FAR they will GO to step back from this frozen housing market. Layoffs continue industry wide as AnywheRE and Compass make more difficult decisions for their employee body count. Keller Williams makes the Bold claim that “someone has to sell a damn house!” and eXp tries to justify their seeming lull in agent count growth. America simply needs more housing and the FED has stated that they may need to make unpopular decisions to stabilize prices. We may, however, be seeing a RAY of sunshine poking through the dark clouds as consumer confidence finally rises, buyer concessions are UP, and mortgage rates should be dropping below 6% soon. Snuggle up with some hot chocolate as we explore the headlines on This Week in Real Estate!
New Year, New Me? How about… New Year… New Market?! After years of winning in real estate, the US is now suffering from the second biggest home price correction in the post WWII era as gains fall “sharply” in November. Pending home sales are also DOWN 38% and mortgage demand PLUNGED 13.2% to end 2022. Plus, are Manhattan apartment sales in need of a snow plow?! Fourth quarter sales got buried as area brokers fear a frozen market. All that plus Yieldstreet slashes their buying levels by 90% and listings on Facebook skate on the ever-thinning thin ice known as advertising on social media. Join us for This Week in Real Estate!
Helloooo, everybody! It is THAT time of year again when we check to see how we did with last year’s predictions, make some BOLD news ones and have a SPIRITED debate about 2022 and what we expect as the calendar turns its final page on a crazy year. The FED chose to put coal in everyone’s stockings by raising rates to the highest level in 15 years, Krampus is coming for investor profits on their flips, and the Grinch… err umm… Zillow makes another big move to steal Christmas. Are our predictions going to be naughty or nice for 2023?! All that and more on the year end extravaganza of This Week in Real Estate!!!
It's no surprise that housing markets around the US seem to be in a bit of a housing crash, with record home delistings, cold mortgage rates, and high home prices. But according to Freddie Mac, the interest hikes may soon slow down. To make things even more interesting, lumber prices haven’t been this low since lockdown. The latest real estate news headlines have left many housing experts shaking their heads at all these twists and turns - from Coldwell Banker’s M. Ryan Gorman being out as CEO, to nearly 450K borrowers now being underwater due to declining home prices when Opendoor’s CEO and president are also getting kicked out on their executive team, plus Florida AG filing a complaint against MV Realty? Clearly, housing is one wild game of musical chairs! And with such volatile housing news , it's no wonder why real estate podcasts are becoming so popular--after all, robot or artificial intelligence can't match the wit of a human housing analyst!
After a major lull in home-buying due to high interest rates and even higher inflation, is it finally time for some Good DEAL Hunting?! With investor purchases dropping, mortgage rates falling for the third straight week, and home price gains slowing, buyers are prepped and ready to jump back into the market with less competition. Plus, mortgage giants raise loan limits for 2023, claims are being made that the second-biggest home price correction is happening, and Millennials are still being shut out of the market. All that and more as we test our market IQ on This Week in Real Estate!
Honey, who shrunk the housing market?! With a third quarter straight out of an 80’s sci-fi comedy, who and what factors are to blame for our current state? Billions in losses and a worsening economic outlook, real estate agents struggle to pay their bills and with lending standards tightening, when are we going to see any growth? Home builders add incentives to bring buyers through their doors and flippers search for those creative deals, but it seems that they’re stuck in the weeds with no way out. Is there are brilliant scientist with a magic laser that will be a fix-all to our issues or are we drowning in a proverbial giant bowl of cereal just waiting to be devoured?
The entire nation has been enthralled by the mid-term elections over the past few months and now we know who the real winners and losers are. Red may have taken a few seats and Blue may have lost ground, but real estate seems to be losing for months! The economic downturn is worse than ever, a housing crash is imminent, real estate companies reported dreadful third quarters, and agents are suffering. So, what’s actually happening? Buyer sentiment is at an all-time low, OpenDoor lost a BILLION dollars, Redfin shutters its doors on their iBuyer program, and Zillow suffers yet another hurdle in the revenue department. No matter how your side fared in the elections, real estate is down in the polls and no political mountains can be moved to help it. Where does housing go from here?
Will pumpkin spice lattes, warm winter sweaters, and cozy fires be enough to prevent the impending housing FALL?! Mortgage demand is on thin ice, buyers pull back from new construction, pending home sales are down, and real estate CEOs are predicting the worst is yet to come. A perfect storm of epic proportions is on the horizon and real estate agents don’t have a boat to navigate these waters. So jump aboard the SS This Week in Real Estate and get a life raft to get you to safe ground!
What kind of spoooooooky, scaaaaary skeletons are coming for the real estate market this week?! The Airbnb carriage is about to turn back into a pumpkin, the potion for high sales prices is wearing off, and the murky waters of the mortgage industry get muddier. AND… the Nightmare on Main Street is just beginning as Freddy has his knives sharpened and is SLASHING existing home sales as well as home builder sentiment. Is there some Hocus Pocus that can fix this zombified housing market or is Jason going to continue his killing spree on Hallowe’en?! Find out on This Week in Real Estate!
Have the last two+ years of the real estate market been just like one long night out with that old friend from college? It was really fun but now we’re paying for all the fun we had. And are buyers suffering through their worst hangover ever because of it?! With interest rates edging over 7%, consumers are taking shots on riskier home loans. Home builders are slashing starts due to those high rates, and it’s harder to qualify for a loan. If that’s not enough of a headache, Pacaso breaks up with 30% of its workforce, more and more homebuyers think prices will go down in the next year and… is the fight between REX and the National Association of Realtors just heating up?! All that and more on This Week in Real Estate!
Purveyors of the truth behind the headlines since two thousand and seventeen. Our global podcast transmission follows the National Association of Realtors as they head to Washington to tackle the terrible housing inventory crisis facing many hard-working Americans today. Also, our broadcast covers why home prices are dropping like it’s 1909… I mean 2009, mortgage rates creeping up towards 7%, investors saving their clams on new builds, and… JEEPERS… is consumer confidence up?!
IS THIS THE END?! The end of the volcanic sellers’ market… the end of the epic price increases… the end of the mortgage BOOM?! Why do we ask this? Home prices cooled at the fastest rate IN HISTORY, mortgage refinancing DROPS to a 22-year low, and data shows that the home price correction is sharper, and more widespread, than previously believed. Also, how is Zillow trying to win over real estate agents, and why is HomeSnap separating from its Public Portal. We dive into the tidal wave of headlines on This Week in Real Estate!
On this week’s episode, it's a Real Estate ROYAL RUMBLE! We breakdown the looming unholy union between Zillow and REX to tag team against NAR’s commingling rule. And one of the duo, Zillow is being accused of wiretapping homebuyers’ visits to its website, OpenDoor taking the L on almost HALF of its home sales, and why is Anywhere fighting sellers on a NAR commission rule.
We head to the top rope to drop an elbow on those headlines as well as Realtors donating more money, demand for luxury real estate continuing and where builder confidence stands. Join us on This Week in Real Estate to see who will be down for the count and who will emerge victorious.
On this week’s episode, we cover the battle royale that is brewing in real estate. Buyers vs. the ever-rising mortgage rates. Tough to tame inflation vs. the cooling housing market. Compass CEO vs. the Real Deal Founder. We discuss the potential winners and losers as well as banks reclaiming MORE properties as foreclosures tick up. Plus, how is climate risk affecting the decision-making process for homebuyers? Join us today on This Week in Real estate as we battle our way passed the headlines to find the truth.
On today’s episode of This Week in Real Estate, we discuss the losers in the 3-year-old racial discrimination suit, why million-dollar homes are now minus their luxury status, FSBOs fumbling, price drops galore, and do we FINALLY have home builders targeting the lower third of the market?! Also, is a hidden TOO BIG TO FAIL situation on the horizon once again? We will cover how this ONE FACTOR could be triggering the worst surge since the crash of 2008. All that and so much more on today’s episode of This Week in Real Estate!
Are there Real Estate Conspiracies that No One is talking About?
Why did ZILLOW really buy SHOWINGTIME?
Is COMPASS the world’s most UNprofitable brokerage ever?
And are the terrible things that Goldman Sachs has to say about the housing market true? Are we still crashing?!
A MASSIVE number of sellers do not disclose what is wrong with their property. What does this mean for home buyers?! Or are all of these headlines just designed to keep you scared?
Are conspriacies bringing the housing market down to its preverbial knees? Find out on today's episode of this Week in Real Estate
Join the Bearded Men of Real Estate as we connect the dots with stats and facts to bring you the truth behind the headlines on this weeks episode of This Week in Real Estate
Housing is facing Armageddon! Or is it?? ... Homebuyers are backing out of more deals, homebuilder confidence is falling, new housing starts PLUNGE while new housing costs RISE, mortgage demand fell, rates go UP, Compass is getting rid of stonks. Is the meteor about to smash into the housing market and we just don't see it?! Find out on today's episode of This Week in Real Estate!
Zillow is ready to OPEN the DOOR to iBuying once again after they shuttered the business and cut their losses, power buyer Ribbon lays off more than 100 employees, mortgage rates dip BELOW 5 percent, and what’s up with consumer confidence. We will cover all of that PLUS a growing share of listings are going stale, more and more people are asking Google “will the housing market crash?”, and what is Redfin trying to eliminate?! Join in for the discussion!
Don’t forget to subscribe to this Week in Real Estate Podcast!
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What in the what is happening in real estate?! The FTC fines Open Door for “allegedly tricking” consumers, REX gets sued in a wire fraud scam, and Equifax sends lenders inaccurate information. How did this all happen?! Join us today as we discuss those HOT topics along with interest rates FALLING, home prices COOLING, and mortgage applications HIKING. All that and so much more on today’s episode of This Week in Real Estate!
Breaking news! Yesterday, the FTC Takes Action to Stop Online Home Buying Firm Opendoor Labs, Inc. from Cheating Potential Sellers with Misleading Claims about its Home-Buying Service!!
Here is a quote from the FTC: “Opendoor promised to revolutionize the real estate market but built its business using old-fashioned deception about how much consumers could earn from selling their homes on the platform,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “There is nothing innovative about cheating consumers.”
Don’t forget to subscribe to this Week in Real Estate Podcast! Available also in iTunes & Spotify!
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🔥🏠 Uh oh. The FED is expected to raise rates by .75 or 1.0 basis points during the live show, home builders are not building, home buyers are not buying, sellers are not listing, is the real estate market grinding to a halt due to an economic recession? Or is this an economic depression? How bad is this going to get??
June sales plummet from May, mortgage demand drops to 22 year low! Home builder sentiment is down again, & the NAR cheif economist says interest rates could "catapult" due to the FED inflation policy! Is the housing market done??
Homebuyers are canceling deals!! Is this a Housing PANIC? US inflation rose 9.1% in June, what does that mean for real estate? Application volume drops & markets are cooling fast. Has the inventory increase killed real estate?
We see a rapid rise in mortgage rates that stall out but do not lead to an increase in mortgage applicaitons. We see new home costs rising but inventory being added by the thousands. 50% price cuts might be misleading and is AZ out of water? Then we dive into the Realtor® commission lawsuit once again. Join us!
Pending home sales shock but are we already at pre-cvd levels? Surging mortgage rates maybe scaring away buyers as mortgage demand stalls even with lower rates. BUT Investors are the ones in Congress's Crosshairs. Are they buying out ALL of the houses? Join us!
Inflation is up 6.8%, fed reserve is expected to raise rates by 75 basis points?! Is that why mortgage demand is dropping? Are AGENTS a thing of the past as Compass & Redfin both announce layoffs ahead of the recession? Homebuilder sentiment drops to the lowest level in 2 years & the California exodus continues and you will NEVER guess where!
Mortgage demand is lower than it has been in the last 22 years as rates rise and home sales slow, home buyer sentiment is a new low, 50% of home buyers literally cry... 114 experts weigh in on the potential housing bubble. Join the conversation!
Did you know Mortgage rates went DOWN? And buyers still pulled back purchase applications... And home prices are still up, but how much? AND we see an UNUSUAL stat for this time of year... the number of showings on homes went DOWN in April. HMMM Is this a sign of something worse? Redfin CEO says Home Sellers are starting to "freak out" and we take a look at WOOD prices. Lumber prices fell again & NAR rebrands its real estate conference to NXT. Are you going?
We've been talking about a change in the market since FEB 2022 & it appears that the SHIFT is HERE! How FAST & FURIOUS will this be?? Mortgage rates have continued to rise, inflation is still going up, supply is still short, and ALL the markers are there for a SHIFT! We will also dive into the REX shutdown, Realogy rename, & NAR vs the entire world. Join us live!!
Adjustable rate mortgages hit a 14 year high as mortgage rates DIP after the fed raises rates!? More Americans say now is a bad time to buy... are they right? NAR is increasing their fees as Rocket Mortgage hits new profit numbers. Is it over for REX?? What is the latest on "Buyer Love Letters"?? And AirBnB is making some major changes. ALL of this and more on this Week in Real Estate!
Weekly mortgage demand spike, but was it temporary? Is the housing getting normal? Inflation is happening most where you may not guess, affordability is matching real estate bubble highs, office demand is making a comeback and SO much more!! Join us on the show today!!
It's the court case EVERYONE is talking about (isn't it?): The Sitzer/Burnett lawsuit vs NAR, Realogy, Keller Williams, Re/Max and more has received "class action" status. What does this mean?? Is this a nail in the coffin for the Sherman Antitrust case?? ALSO, more banks and mortgage companies are laying off employees... is this a sign of a crash coming? Home prices are still moving up and ARMS are back in style. Join us on the show and give us your opinion!
Infation, rising rates, rising materials, no supply... all factors that might make this the absolute worst time to buy?? We get REAL about the data. Lawrence Yun shares his thoughts on inflaction, we look at mortgage applications and rates, and the biggest obstacles home buyers are facing now. We will also take a look at the allgations against John Davis of Keller Williams and we will talk about KW's plan for agents who aren't productive. Did you know that sharing your floor plans could get you sued?? We talk about all this and more TODAY! Join us!
Rates are going up, affordability is going down, year over year sales are dropping, less inventory is on the market, builders can't keep up due to supply, land and labor is higher than ever, inflation is through the roof and nonbanks are losing money, ibuyers are going belly up or in the red, WHAT THE HECK IS GOING ON?!
Mortgage demand falls, rates soar, and yet home prices hit a new peak in Feb. Is this sustainable?? Homebuilders change their sales expectations and single family rents hit recor highs!! A new company says you can use your crypto as collateral to buy fractional ownership in real estaet and we talk about Russians unloading luxury homes across the us! ALL of this and more on todays show! JOIN US!
Rates drop a little, whats that do for refis & purchase applications? How can home owners get $15,000 to $80,000 in federal funds?! Are Love Letters making a come back for buyers? One judge thinks so. Better.com is back at it with MORE layoffs gone wrong & what's up with the 40 year listing agreements??? All of this and more on the show today! Join us and let us know YOUR thoughts!
The War rages on as the US does what? What will happen to the economy and what does it mean for housing?? Mortgage rates plunge, iBuyers are STILL losing money, buyers are facing unexpected repair expenses... but are they really? We talk about all this and MORE! Join us LIVE!
Are online real estate companies like Zillow & Homie going down? Rates are up, loan sizes are up, homebuilder confidence is down, wait times for materials is up, lumber price is up again. Join us LIVE!
Lots to talk about on today's show! Buyers are saying now is NOT the right time to buy a home, but are they right?? Buyers feel remorse, rates are going up, KW gains an EXP exec and EXP gains a KW exec, maybe - what is going on? The mortgage industry has layoffs on layoffs and we have much more to cover!
Headlines!
14:21 A record low number of consumers say now is a good time to buy a home
23:54 75% of homebuyers acknowledge some regret over recent home buy
30:56 Homebuyer demand for mortgages drops 10%, as higher interest rates price some people out
34:10 Housing wealth is setting new records for both owners and sellers
50:33 Keller Williams names ex-eXp president Stacey Onnen to executive team
53:29 Former Keller Williams CEO Mark Willis poised to jump to eXp Realty amid legal dispute
1:02:48 Investors claim Better CEO Vishal Garg misused at least $1.6 million of their funds to finance his own ventures
1:05:56 Santander to begin laying off mortgage employees
1:08:42 NewRez lays off 386 following Caliber acquisition
Mortgage rates are all over the place and consumers are rushing in and out of the market. What does this market volitality mean for housing? Will home prices go up in 2022? Rex joins NAR but NAR sues Rex. This relationship seems rocky. And whats up with the metaverse? We also talk about what has sold and what is on the horizon for virtual real estate!
Lots to discuss on today's show. The builder sentiment dropped... WHAT? WHY? And mortgage rates creep up so buyers rush to buy! There is a new bitcoin mortgage product and we get a professional appraiser's opinion on remote appraisals! ALL of this & more on this Week in Real Estate!
Headlines!
7:10 What's BMORE all about?
9:52 Mortgage apps up 2.3%
24:20 Homebuyers rushing to get mortgage before rates rise
30:38 Homebuilder confidence drops for first time in 4 months
41:09 Forbearance rate drops below 1.5%
54:05 Milo launches a crypto mortgage product
1:01:03 Mortgage rates now closer to 4%
1:10:21 Regulators fine mortgage LOs for skipping classes
Special Guest Kristina Smallhorn joins us LIVE today! We will dive into a lot of economic news including the recent increase in mortgage applications... is there no end to the housing market?? Builders are leaving homes unfinished?? Realogy takes a stand that agents come out against, the CEO or Rocket Mortgage & ReMax are OUT, and we discuss the most POWERFUL person in Real Estate! Who do YOU think it is?
On today's show we talk about the return of high rates, affordabilty issues, and ANDOTHER dreaded round of the Rona. What does this mean for housing? Experts can't agree but WE will give you a clear picture of what is to come AND we will talk to professionals from around the country who will chime in to add live reports about what is happening in their areas! Join Dan & Ray LIVE every Wednesday at 10AM PT/12PM CST!
We have a super exciting show for you!! It's our annual PREDICTION SHOW!! We will look back at our 2021 predictions and see just how RIGHT we were and how WRONG some others were AND we will accurate predict the interest rates for 2022, the housing inventory AND we make BOLD predictions as we look into the future of real estate and tell you EXACTLY what will happen! Join us live on Youtube and Facebook and add YOUR predictions!
Is housing winding down? Inventory is still low but prices are decelerating!! Zillow is offloading their housing inventory, industry executives are laying people off... are these early warning signs?? All cash transactions are under additional scrutiny by the biden administration and what is going on with cash out refis?? We talk about this and more on today's show!! Join us LIVE every Wednesday at 10AM PT/12PM CST on YouTube and Clubhouse!
Tune in today! We will lead with a big fat "I told you so" for all of our nay sayers and we will talk about the recent hot water that Zillow finds themselves in as they back out of hundreds of ibuying contracts and face shareholder lawsuits. We will of course talk about home prices and what we have seen recently as well as... what happened to home prices?? Are they up or down? Did the rising interest rates deter buying in October?? Join us (The Bearded Men of Real Estate) live every Wednesday as we talk about This Week in Real Estate and add your 2 cents to the conversation!
Zillow sells of 2,000 homes & "Project Ketchup" makes headlines, Investors buy a record $63B in homes and LA tries to stop them while rents surge 10% and builder confidence moves up. Plus we have more info on some changes to real estate agents websites & IDX feeds as well as changes with FHA's manufactured housing loan program and FINALLY a famous squatter's plan is squandered!! Join us LIVE every Wednesday at 10AM PT/12PM CST!
Headlines!
9:01 What's BMORE all about?13:07 How's Zillow's inventory dump going?
19:38 Why did Zillow get caught with too many homes?
30:50 Investors dropped $63 BILLION on homes this quarter! Why the jump?
34:00 Rent on homes went up 10%! Is now the time to buy instead?
53:14 LA wants to ban iBuyers! Is this a good idea?
58:34 Homebuilder confidence + buyer demand exceeded expectations!
1:01:11 Why are housing starts STOPPING?!
1:03:52 Mortgage apps saw 6% increase in October!
1:04:46 Interest rates are back up, and refinance demand is back down.. Big surprise!
1:06:21 What's the deal with the new NAR policy?
1:11:41 FHA updates manufactured home program! What's new?
1:15:47 Famous squatter FINALLY evicted! How'd he do it?!
Last week we talked about how rates would be heading up but this week we see a dip in rates... what is going on?? We also talk about the government making over 5 billion dollars on an adverse market fee that some experts say is not warranted. 1 week after the Zillow fall out, we talk about Opendoor and their prospects for success AND... guest how much renteres DIDN'T make this year in equity! The number will surprise you!! Join Dan & Ray LIVE every Wednesday at 10AM PT/12PM CST!!
Headlines!
8:43 What's tWIRE all about?
12:06 Why'd the Fed pause interest rates despite rising costs?
15:24 Mortgage rates are FINALLY decreasing again!
17:13 Folks are cashing in on refinance rates! Should you?
24:31 Cashout refinances see huge spike! What's going on?
26:34 No more housing crash? Mortgage delinquency drops
AGAIN!
43:13 What's an adverse market fee and why is it making banks
rich?!
50:07 Do new pocket listing rules help or hurt the market?
1:00:24 Should you get a she-shed? Data says YEP!
1:11:40 Is OpenDoor the real Zillow Killer?!
Zillow stops iBuying homes sending "shock waves" through WallStreet while Real Estate Agents on mainstreet say, "yea... we told you so." What did they see that WallStreet missed? We talk about that and the future of iBuying as an industry. The market is all over the place! Today we try to make some sense of it! We will also dive into some economic data and talk about a new school for new agents from an old time broker. Join us live every Wednesday on YouTube and Clubhouse at 10AM PT/12PM CST!!
Zillow halts their ibuying program while OpenDoor expand theirs. The market looks like it is softening, so what does that mean for agents and homeowners and buyers? More foreclosures are hitting the market & CoStar fights with Zillow over StreetEasy! Wow! So many big stories today. Join us on tWiRE! This Week in Real Estate, hosted by the Bearded Men of Real Estate Ray & Dan!
Today is the day!! tWiRE is here! This Week in Real Estate we are talking about weekly mortgage demand, is the marketing going to crash because we are overbuilt for population projections? Forbearance declines again, affordability goes up, & can you buy a house with your friend? PLUS will you have to buy flood insurance for your home for "future" floods?? All of this and more on THIS WEEK IN REAL ESTATE hosted by the Bearded Men of Real Estate, Dan & Ray!!! Join us LIVE every Wednesday at 10AM PT/12PM CST on YouTube and Clubhouse!
Headlines!
2:11 This week in real estate: demand falls as rates rise?
15:27 Homebuyers are cool with higher mortgage rates? What's the data say?
18:00 Is the housing market "overbuilt"? What's this mean?
24:58 This week in real estate: forbearance is on the way out!
26:00 Houses are more affordable despite high interest rates and prices! What?
31:08 This week in real estate: Home prices cause jumbo mortgage surge?
32:20 What is co-buying and why is it so popular?
45:41 AGENTS: Watch what you post or THIS could happen to YOU!!
49:07 Next real estate disaster: floods?!
53:09 REX restructure leads to lost jobs! What's happening?
Wow! Really? We hit record home prices again? And sales still surge? Is this ever going to end?? Are we seeing "stabalization" in some markets or is that just a temporary shot of supply? What is the 20 year mortgage going to do? Is it a good thing or bad? AND we will talk about some "less that ethical" and possibly illegal business practices (allegedly) 😬 by lenders & realtors that made recent headlines!
Headlines!
6:02 What's BMORE all about?
11:20 US home prices hit record level (again)
18:16 Pending home sales surged more than expected in August after two months of declines
21:20 Mortgage demand falls as rates rise to highest level since July
27:13 Dems propose 20-year mortgage for first-gen homebuyers
54:42 Ex-loanDepot COO: Tony Hsieh cut corners to boost volume
59:54 ‘Double-end’ real estate sale in Sarasota nets big commission but provokes lawsuit, questions
It's the first day of fall and it looks like housing is cooling off! Is this good news or bad news?? We will talk about what is going on in the real estate market AND the NAR vs DOJ is back in the news & pocket listings are beging challenged again vs NAR's rule. Will they win? Will the federal evicition moritorium be put back in place as some senators want? And how are Real Estate Agents "gearing up" to "save" their commissions??
Headlines!
13:48 NAR Files Petition Opposing Department of Justice Action
19:36 DOJ probes NAR pocket listings ban
28:35 Red-hot US housing market begins to cool
33:57 August housing starts better than expected
37:34 Existing home sales fall 2% as first-time buyers are priced out
44:12 Stronger mortgage demand points to September surge in home sales
51:11 Rep. Bush, Sen. Warren introduce bill to reinstate federal eviction moratorium
57:09 What just happened with single-family zoning in California?
1:10:59 Real-Estate Agents Gear Up for Fight to Save Their Commissions
The Zillow/NAR lawsuit is allowed to move forward! What does this mean for agents & consumers? Renters fear they wont ever be able to buy, climate change impacts affordability, Biden's affordabilty efforts cause ripples not waves... is SHOCK heading for housing? Will the END of Forbearance = Housing Crash??!
Headlines!
5:14 What's BMORE all about?
6:18 Judge lets NAR, Zillow lawsuit proceed
18:35 A shock is headed for the housing market
24:49 Mortgage demand falls to lowest in two months as rates stagnate
30:05 48% of renters worry they wont be able to buy a home
35:17 Biden affordability efforts make no waves in housing industry
43:57 Homebuyers aren't taking climate change seriously, says Redfin CEO
57:25 Buyers rejoice: US housing market starting to normalize
1:01:28 End of forbearance programs wont cause housing crash
Are buyers waiting on inventory or better prices? Tenants wait on relief while landlords wait to see if they can evict! NAR waits to see what the DOJ is going to do & Builders waiting for materials prices to drop AND WE wait for the fed announcement today to see what rates will do! Don't WAIT! Join our show NOW!
Why are home builders slowing down on purpos? Why are home price gains slowing? Why are rates still down? Why are landlords on the fritz? Why is Compass's net loss good and Zilow profit up despite losing with iBuyer and will independent brokers lose out to Rocket Mortgage's "Rocket Homes" real estate brokerage / iBuyer? WOW! We have a lot of great topics today on the show! Join us LIVE and join the conversation!
Headlines!
11:11 Home Builders Are Restricting Sales, Pushing Up New Home Prices
16:10 The Surprising Reason Why Home Price Growth Is Slowing Down
19:10 Rise in Affordable Listings Gives First-Timers Hope
31:50 Delta variant fears send 30-year mortgage rates to 2.77%
33:19 Eviction Moratorium: Small Housing Providers Head Back to Court
54:14 Compass loses less money than you’d think
1:01:00 Zillow earns profit, no thanks to iBuying
1:06:35 Rocket Homes hiring in-house agents, launching iBuyer program
The CDC issues new eviction ban, mortgage rates creep up, home sellers profits are taking a turn, mortgage lenders loosening standards (will we see another 2008??), Sellers are using SPY CAMS, iBuyers launch in Chicago, and MORE! Join Ray & Dan and join the discussion LIVE every Wednesday at 10AM PT / 12PM CST on YouTube and Clubhouse!
Headlines!
5:29 What's BMORE all about?
10:18 CDC issues new eviction ban effective through Oct. 3
33:33 Mortgage rates creep up slightly to 2.80%
35:13 How the Delta variant may impact the housing market
39:29 Home Seller Profits Take Surprising Turn
41:10 Mortgage lenders are loosening standards on jumbos
44:27 Home prices are still rising, but relief for buyers is coming
46:20 This is not 2008 all over again for the housing market
55:20 Nearly One-Third of Sellers Admit Using Spy Cams During Showings
1:12:19 RedfinNow becomes first major iBuyer to launch in Chicago
1:13:19 iBuyers Are Increasing Their Purchases
1:21:18 Are homebuilders burning bridges with real estate agents?
1:31:08 New law will limit what teams can call themselves
Is the housing boom over?? Is the real estate market crashing?? Was Suze Orman & Grant Cardone right?? Also the NewRona is keeping rates low meanwhile prices are still breaking records! Join the live show and talk with us ALL about the Real Estate Market!
Headlines!
3:14 What's BMORE all about?
8:57 Housing Boom is Over
12:36 Something Big is About to Happen in the Housing Market
13:57 Housing Market is Losing Steam
14:44 The housing market is losing steam
24:45 clubhouse interview
40:48 Existing Home sales
46:50 Existing home sales show strength of demographics
53:04 Variant Scare Causes Mortgage Rates to Drop
55:50 Housing prices continue to break records
57:50 Inman is being acquired by Beringer Capital
Builders are in the news! House starts may be up but are builders pulling back?? Is the housing market REALLY losing steam?? What’s the latest on the NAR vs DOJ battle? Join LIVE every Wednesday at 10AM PT/12PM CST & be on the podcast!!
Headlines!
4:28 What's BMORE all about?
7:00 Builders pulling back on new homes? What's the cause?
9:20 Is homebuilder confidence about to drop?
14:04 Is lumber messing up the new housing market?!
18:33 What's going on this week in real estate? Here are the expert opinions!
34:00 How will Biden fix the inventory crisis?
45:07 Is MLS pro-consumer? Inside scoop from NAR President!
52:17 Buyers are tired! Is the housing market "losing steam"?
55:20 Oregon bans love letters! Is this good or bad??
56:48 EXp teams up with lending company!
We are excited to cover lots of great stories!! Is the NAR going to fight the DOJ? What is their recourse?? More houses are hitting the market and rates are staying low, are buyers buying? Compass launches a mortgage company, we talk about wood prices, delinquency rates and are renters & landlords getting some relief?
Headlines!
4:03 What's BMORE all about?
7:48 What happened this week in real estate? 🤔
23:49 Are home buyers FINALLY catching a break??
34:15 Mortgage delinquency hits low! What does this mean?
41:31 What's up with Compass real estate?
1:13:24 NAR wants YOUR tech ideas! Should you give them?
Is there an inventory surge happening?? What does this mean for sellers and buyers? The DOJ backs out of their settlement with the NAR after the NAR implements new policies... is that allowed??? We also talk about Jobs, Materials Prices, Pending Home Sales, & Mortgage Applications... big news on todays show!! Join Dan & Ray LIVE to talk about it!
Headlines!
5:01 What's BMORE all about?
9:00 Construction materials saw HUGE jump! Why?!
16:40 Mortgage apps hit all-time low?!
21:40 Jobs in June looking up?
27:10 is the housing shortage FINALLY over?
36:34 Mortgage companies prepare for FALLOUT!? What for??
43:26 Pending homes prove housing crash LIE!
48:21 DOJ withdraws from NAR settlement!?
Is this housing boom busting? Is the market about to turn? Will the home prices be sustained or are they going down? Rates are low, lumber is dropping, forbearance is lower but can we still crash?? We will also talk about the pool buying frenzy, data around homes in high risk areas for natural disasters, and now you can design a newly built home ONLINE?! Will real estate agents become the next Circuit City?? Join Dan & Ray today. We've got a LOT to talk about! Join the conversation!
Headlines!
9:56 How the Florida condo collapse will affect the real estate market
13:21 2021 Lumber futures updates!
15:00 30-year interest rates STILL below 3%! Will it last?
17:20 April home prices saw HUGE surge! Here's what you need to know!
25:00 Are home prices too high for lower end buyers?
27:33 May home sales crushed it! 🤯 What's the reason?
35:54 Real estate inventory is coming back!
56:08 Biden admin pushes foreclosure ban ONE more time!?
1:02:26 EVERYONE wants a pool! Do you?
1:06:03 Are higher risk homes cheaper?
1:10:00 Is buying your home online the future?!
Is Zillow buying houses above market value to bring people back to the website? It's easier to get an FHA loan for buyers with student loan debt... is this a good? Why are mortgage payments increasing even when rates are so low? Existing home sales drop, Rates are shooting higher, should we be worried about a housing bubble?? And we talk about Tesla's development deal! ALL of this and more on the Bearded Men of Real Estate Show with Dan & Ray!
Headlines!
3:18 What's BMORE all about?
7:16 INSIDER Zillow news! What's going on there?
14:25 FHA helps out college grads w/ loan requirement updates!
26:49 Mortgages still sky high despite low interest rates! What's the deal?
36:37 Are "homebodies" hurting the housing market?
48:47 Is inflation + high rates imminent? What you need to know!
54:16 Invitation Homes CEO isn't worried about the bubble! Should you be?
58:19 Tesla is helping build a solar community?!
1:02:39 Is the housing market "unhealthy"? Not in the way you think!
the Zillow vs REX battle may have ended but is the war just beginning?? Could this be a great sign for NAR?? Trillions of dollars have been made THIS YEAR via home ownership! What will you do with your equity? eXp speaks out "officially" against Dave Ramsey & Habitat for Humanity is 3D Printing!! ALL of this and more on the Bearded Men of Real Estate Show!
Headlines!
8:12 What's BMORE all about?
11:38 The ruling is in: Zillow wins REX lawsuit!
21:55 Dave Ramsey gives eXp agents an ultimatum?!
49:20 Homeowners got 2 TRILLION richer!?
59:04 Homebuilder confidence falls to lowest level since August!
1:00:56 Lumber prices down?! Home building update!
1:17:58 Latest 3D printed home partner is... SHOCKING!
1:19:05 Best real estate Google keywords of 2021! Are you using these?
Are buyers tired of this ruckus in the real estate market? We are going to talk about everything form paint colors to color blind appraisals to forbearance and renter evictions to buyers giving up just as lumber prices may see relief... Is this finally the end of the housing boom? Join Dan & Ray to talk about it!
Is the housing market slowing down? We talk about housing incentives, foreclosures, evictions, taxes & politics and does this REX vs Zillow/NAR lawsuit have legs?? And Realtors are making less money! What is going on?? Join Dan & Ray live!!
Headlines!
3:17 What's BMORE all about?
7:31 Is the "housing boom" cooling down? What's happening in your area?
20:29 Is the eviction ban almost over? Here's what you need to know!
35:21 FORECLOSURE UPDATE: Big banks announce their plans!
42:38 Fannie Mae announces refinance program + who is eligible!
45:20 New Biden tax credit to aid racial wealth gap! Will it be effective??
59:57 New Biden administration tax wants your inheritance!? WHAT??
1:09:17 REX is "forced" to sue Zillow!? Who said so?!
1:38:11 Realtors made LESS in 2020 despite housing mania!?
Today, we talk about the “Housing Frenzy” - is it just a fad or here to stay? We will discuss new home sales, existing home sales, pending homes sales, home prices, the landlord bail out & more! Join Dan & Ray LIVE on the Bearded Men of Real Estate Show!
Headlines!
9:49 March home prices had highest growth in 15 years! Is that a good thing?
15:05 WHY are houses so expensive right now?!
19:45 April home sales drop... 90 days of declining sales! What's up??
32:00 New home sales drop in April! What's the reason?
42:00 Treasury department gives out $6 billion to assist landlords and renters. more money is on the way
44:00 Is housing market demand starting to weaken?
Buyers have remorse & Builders feel the pain of market demand! Home buyers are buying BIGGER, experts say these rates can't last, & mortgage forbearance is cut in half! Come join the conversation today on the Bearded Men of Real Estate Show with Dan & Ray!
Headlines!
8:58 Mortgage forbearance numbers officially half of 2020's peak
14:40 Home construction sees biggest drop since pandemic hit. Here’s why
20:40 Homebuilder confidence is high but risking costs of materials present major risks.
32:53 Lumber prices decline for a 6th straight day even as supply bottlenecks persist
42:10 Experts: Mortgage rates declines won’t last
49:46 Home buyers are applying for ever bigger mortgage as home prices soar
51:45 64% of millennials have regrets about buying their current home. here’s why
1:15:15 Compass loses money, explores mortgage
It's a Tale of Two Markets!! Buyers are still positive, no wait negative. Open Door's revenue report looks great, but also lost more money?? We will also talk about the "controversial" proposale to require MLS's to publish addresses & SOLD properties... AND weekly finance demand JUMPS on short DROP in rates.... but "volume hungry" mortgage lenders are loosening credit standars... is this going to get bad??? Headlines! 5:40 What's BMORE all about! 9:40 Is tight supply and high prices making "pessimistic" home buyers? 13:07 Most Americans now believe it’s a good time to buy a home despite soaring house prices-here’s why 38:00 Weekly mortgage refinance demand jumps on brief drop in rates 40:51 Controversial proposal to require addresses on MLS listings clears hurdles 57:41 Volume hungry mortgage lenders loosen credit standards 1:19:58 Open Door bounces back in first quarter after pandemic-driven down turn 1:22:05 Amid expansion, Open Door lost $250 million in Q1 1:28:00 Mortgage forbearance drops 4.36%, exits pick up steam
Zillow claps back (legally) vs REX, Lumber prices add HOW MUCH to the cost of a new home?? Rates are UP, App are DOWN, What's this K shaped recovery? Religion is NOT a "safe harbor" for Hate Speech, Compass is sued again? & we talk about the Politics of housing generosity... Join Dan & Ray on the Bearded Men of Real Estate Show!
Today we are going to break down ALL KINDS of housing data from Existing home sales to home prices, to new home prices vs existing home prices and what those numbers are ACTUALLY telling us, mortgage rates, and Biden's 15K first-time homebuyer tax credit is now a bill (wait... I thought it was 25K) & Compass makes headlines again! All of that & more on the Bearded Men of Real Estate show today!
A bill to help buyers while some sellers are being foreclosed on despite the moratorium, billionaire says bubble will bust, mortgage apps are up, more inventory hitting the market, and why is Compass being sued by another real estate agency? Tune in to find out more on these headlines plus more on The Bearded Men of Real Estate Show!
Headlines!
2:44 What's BMORE all about?
8:14 Free cash for first-time homebuyers? Not so fast...
27:06 Foreclosure activity creeps on even with Moratorium!
32:40 Real estate short seller says we're in a bubble! What's this mean??
53:35 Rates drop causing mortgage application "rebound"!
56:55 Is real estate inventory starting to recover?
1:05:25 ANOTHER lawsuit involving Compass?! Real estate lawsuit news!
NAR launches a proxy "war" on Zillow? What? Mortgage demand drops again! Zillow says MILLIONS will enter the market to buy & sell! A New York bill would require agents to provide a REASON for the rejection of an offer! AND Compass is getting sued for stealing agents & trade secrets? ALL of this and MORE with Dan & Ray on the Bearded Men of Real Estate Show!
Headlines!
4:15 What's BMORE all about?
7:24 Are NAR and Zillow going to WAR again?! What could happen?
31:36 Mortgage application and refinance update: more doom and gloom?
44:34 Zillow survey: The "great re-shuffling" is coming!
53:11 NY law demands offer rejection reasoning! Is this good or bad?!
1:02:57 Compass steals agents and secrets?! Breaking lawsuit!
A BAN on Foreclosures until 2022?? The CFPB proposes some new rules. Housing inventory is down 40%, refis DROP 20% as rates move UP, are MALLS in trouble? Vacancies JUMP! And homes are selling faster than EVER in March! Join us for all of this and more on the Bearded Men of Real Estate Show with Dan & Ray!!
Headlines!
3:30 What's BMORE all about?
8:07 CFPB proposes foreclosure ban until 2022 & Warns servicers to help!
43:24 Are buyers paying the price for home supply issues??
48:35 Interest rates are headed back up! Is it still worth refinancing?
50:33 Mall vacancies see record high! (Who still goes to malls?)
55:51 Real estate market update: RECORD FAST March home sales!
What is going to happen this spring?? This week: pending home sales fall, refis slip, young adults want to buy a house, and homes are getting smarter! Are you using smart home devices?? Join us LIVE!
Headlines!
4:10 What's BMORE all about?
8:10 Mortgage rates slowed down, but refinances CAN'T BE STOPPED!
14:43 Youngsters are beginning to buy and are DOMINATING the market?!
27:35 Pending sales drop yet again! Is home supply the reason?
42:47 Real estate market forecast: what's going to happen in spring??
New home sales plummet & mortgage apps dip... what's going on?? Is Compass losing their closing services company? Are they really worth 10 BILLION? Spencer Rascoff's Pacaso raises $75 million to do what?? InstaShowing gains massive surge of investment! Tomo Networks to reinvent how people buy homes and raise $40 M seed round form former Zillow Execs! JOIN US for a special headlines show! Dan will be fading in & out today as we cover ALL the latest headlines!
☘️ Are iBuyers losing market share? Why?? Mortgage applications pull back sharply but it is no "tanks" to new purchases... Homebuilder confidence drops as materials pop, are 3D printed developments a thing? 🍀 & What "tipping point" are we at?? All of this if you are LUCKY enough to catch The Bearded Men of Real Estate Show with Dan & Ray! Join us LIVE!
Headlines!
5:15 What's BMORE all about?
9:38 Are iBuyers running out of luck?
24:05 Rates are climbing, refi demand is dropping? No "tanks" to the 'rona! ☘️
29:19 Lumber + interest hikes cause homebuilder confidence scare? Not so fast...
35:21 3D-printed... neighborhoods?! Is this the future of home building?
55:12 Is the real estate market at a "tipping point"? (Don't believe the hype!!)
Discount broker REX is suing the National Association of Realtors & Zillow. Will it stand? The PLS wants an appeal over the pocket listing rule, mortgage refi's drop over 40%, the spring housing market lost 200K listings??? And what real estate could be prime for investment based due to the work from home culture?? Join Dan & Ray today on the Bearded Men of Real Estate Show for all of these news stories and more!
Headlines!
4:33 What's BMORE all about?
9:00 REX is going for Zillow?? REX Zillow lawsuit news! DONE
30:27 PLS tries to overturn NAR lawsuit over MLS rules!
55:08 Refinance demand doom and gloom?! Not so fast...
1:02:31 Spring 2021 housing forecast: 200,000 homes missing!?
1:07:02 Forget commercial! Next real estate boom is... Data centers?!
Zillow announces that they are buying homes at Zestimated values! How will this impact investors? Agents? The industry? Compass's filing ahead of their IPO show that they lost money last year... is this a bad thing? Mortgage application demand stalls out as interest rates continue to rise and a Texas judge finds the national eviction ban is unconstitutional! You CAN buy a 3D-printed home! Here is what it looks like inside!! We have all of these stories and more on the Bearded Men of Real Estate Show! Join Dan & Ray LIVE and add your comments!
Headlines!
7:33 Zillow wants to buy your home!? But for how much?
48:07 Why are mortgage applications stalling? Home mortgage interest rate update!
53:37 Compass financial filing shows shocking profit/loss data!
1:05:12 Texas judge calls eviction halt unconstitutional??
1:09:56 3D-printed home update: You can now buy one!
KW President is OUT? What now? Are more people really looking to move out of big ciites? Mortgage apps drop, home prises rises, but why did home sales still rise? Join Dan & Ray on the Bearded Men of Real Estate Show LIVE!
Headlines!
11:28 Keller Williams President quits after one year?! Who is next?
27:54 Mortgage rates see drop after crazy southern weather impacts!
35:19 Work from home trends continue into 2021!
41:07 Home sales pick back up in January, but inventory continues to be a problem!
53:08 December home prices hit 7-year record gain!
Zillow buys ShowingTime right after our show last week. Are they trying to take over?? We talk about the industry response. Homebuilder sentiment is going up, mortgage applications are going down, what is the status on forbearance and Zillow competitor COSTAR is making more moves in a bid to buy CoreLogic! Join the discussion LIVE with Dan & Ray on the Bearded Men of Real Estate Show!
Headlines!
4:50 What is BMORE all about?
7:55 Zillow buys ShowingTime! Are they one step closer to their real estate takeover?!
21:40 Gary Keller's reaction to Zillow Showtime acquisition!
31:30 Brad Inman: Who to blame for Zillow takeover!
44:14 Re/Max exec gives advice on Zillow merger: Don't panic!
58:00 Homebuilder confidence stays high even through high materials costs!
1:01:45 Mortgage demand falls again! Should you be worried?
1:06:33 CoStar makes another move to compete with Zillow!
Zillow? Shh! Real Estate Agents can't talk about Zillow anymore... can they? Mortgage rates are going up? What does that mean for buyers & sellers? Forbearance is extended again, 1 in 5 millennials have given up home buying, Facebook & Google are funding a housing start-up and what about the sexy Zillow SNL house spoof?? Make sure to subscribe on YouTube to see the CHOPS from this week and join us LIVE on YouTube/Facebook/Clubhouse every Wednesday at 10AM PT / 12PM CST to join the discussion!
Headlines!
4:38 What's BMORE all about?
8:23 Interest rates begin to make their way up! But what about home demand?
21:38 FHFA releases breaking news about forbearance!
28:33 Are millennials calling it a quits on home ownership? New data suggests so!
45:21 Are pre-fabricated houses the future (again)? Google and Facebook fund new startup!
52:18 SNL sexualizes ZILLOW?! Our reactions to the skit!
59:14 Can we talk about Zillow?? How to discuss Zillow AND follow the rules!
Are you working from home? Will you continue? How is it working out for you? Do you think the WFH trend will last when everything is back to "normal"?? Also, what is up with rates? December home sales? and the US Inventory? And will Biden's $15,000 help or hurt housing?? Join Dan & Ray and the rest of the gang in the comments on FB, YT, & Clubhouse to join the discussion!
Headlines!
4:12 How'd BMORE get started and what's the point?
9:30 Is home sales drop due to holidays? Or is the market DOOMED??
14:00 How much money do you need to make to buy a house
26:21 Folks are cashing in on refinances instead of facing high home prices! Should you?
31:32 Why are there no houses for sale on the market?
51:33 Will working from home affect the housing market?
Zillow says to get ready for a record year, existing home sales in 2020 hit highest point since 2006, November home prices rise 9.5%, BUT weekly mortgage demand falls; can builders keep up?? Join us LIVE to add your comments and for the first time EVER we will include AUDIO comments LIVE from CLUBHOUSE!
Headlines!
14:22 2020 home sales set records, but why are listings at record lows?
20:37 Home prices saw highest gain in 2020! What's the REAL reason?
33:36 Zillow housing forecast: another record year ahead?
43:33 Mortgage demand falls, but prices remain at record highs! Is that good?
1:00:24 New data for home construction starts! Is it catching back up?
Zillow deletes agent data as they become a brokerage across the US! Was this on purpose? Or a glitch? What else is changing?? YELLEN looks to head the treasury which means WHAT for our economy and housing? Builder confidence is still high but so is land, labor, and materials! National Association of Realtors is changing up political donations in the wake of the Capitol attack.... and Biden wants to boost builders and buyers. Will his plan work??? We talk about ALL of this and more on the Bearded Men of Real Estate Show with Dan & Ray!
Headlines!
8:26 Zillow's platform changes causes massive headache for agents!
33:21 NAR stops donating to politicians! But for how long?
42:49 Lumber and land prices shift! Will this make building your house harder?
48:01 Weekly refinance demand drops! Are mortgage rate changes on the horizon?
53:30 Biden looks to aid new buyers and builders! Will it actually happen?
1:09:00 Treasury secretary eludes to "economic shakeup"! What's in store for U.S. economy?
CRASH or CASH? What will happen in 2021?? Join our 2021 HOUSING PREDICTIONS show to hear our thoughts! We're looking back at our predictions from last year & seeing just how RIGHT or WRONG we were! We also look back on the biggest news stories in real estate, and then we will look ahead at the biggest housing issues of 2021 & make some BOLD predictions!! JOIN US and add YOUR predictions!
Headlines!
2:02 Introducing our guests!
8:14 What is BMORE all about?
12:10 Dan predicted MASSIVE real estate lawsuit turnout?!
35:14 What will happen to interest rates in 2021?
48:29 2021 Housing inventory predictions! Will there be enough homes?
1:18:37 RECAP: last year's bold predictions + this year's predictions!
It's a SHOOT OUT! CoStar is taking on the consumer-facing giant Zillow by meeting in the back ally of New York City while everyone is moving from California to Texas... WHY? Mortgage rates hit ANOTHER historic low, Forbes is launching a LUXURY listing marketplace, Homeowners are 1 TRILLION richer and renters are going BACK to Manhattan. We talk about ALL of these headlines and more on the Bearded Men of Real Estate Show!
Headlines!
6:47 What is BMORE All About?
13:02 (not so) BREAKING NEWS! Refinance Demand Continues To Jump, As Mortgage Rates Continue To Set Records!
18:29 New Home Apps Dip! Are Things FINALLY Settling Down??
26:07 CBRE CEO Gives Outlook On The Commercial Market!
41:19 Forbes Enters The Luxury Home Market!?
49:01 CoStar Starts Scuffle With Zillow In NYC!
53:44 WHY Is Everyone Headed To Texas?!
1:01:25 Renters Begin To Return To Manhattan!
1:04:25 American Homeowners are RICH!!
1:09:41 What's Coming Up In The Next BMORE Episode?!
iBuyer offers are DROPPING & FEES are INCREASING! Could the housing BOOM get BETTER? Are consumers LOSING CONFIDENCE? How is RONA changing buying habits?? WHERE are people buying? WHAT are they buying? We will also dive in to the Mortgage rates hitting another 14th record low, Opendoor is going public & MORE on the Bearded Men of Real Estate Show with Dan, Ray & special bearded guest Zach Walker of Boomer & the Beard!
Headlines!
6:40 How Zach Got Into Real Estate!
10:35 What is BMORE All About?
13:22 Can iBuyer Stay Competitive? New Data Shows Trouble For Zillow!
22:29 Redfin CEO Has Has HOT Market Predictions! 🔥
30:02 Why Are Tiny Homes SO Popular Right Now??
45:24 Mortgage Rates Continue To Set Records And Disrupt Refi Rates!
59:48 Where Do People Want Their Next House To Be?
1:10:59 Fannie Mae Reports Drop In Housing Market Confidence?!
1:13:27 OpenDoor Is About To Go Public!
It's looking UP UP and UP on today's show! THE NUMBER 16 NEWS PODCAST!!! (in Taiwan). So, what is going on in "the burbs"? We have greatest gains in single family construction in Q3, big price increases, and new home sales hit another high, the Condo market rebounds and the National Association of Realtors is in the news again. This time NAR makes a historic apology. We have all of that and more with your bearded hosts, Dan & Ray on the Bearded Men of Real Estate Show!
Headlines!
9:49 October Pending Sales Drop, While Home Prices Climb! Are Buyers Getting Frustrated?!
16:21 Mortgage Demand Continues to Spike, And Loan Amounts Set RECORD Highs!
20:29 Home Prices See 6 Year High!
27:20 People Are Building in The Burbs! Home Building in U.S. Suburbs Increases in Q3!
34:41 NAR Says Home Sales Are Over 40% Higher Than Last Year! HOW Is This Possible?!
40:30 NAR Apologizes! But What FOR??
57:54 The Condo Market Is Making A Comeback!
TUESDAY SPECIAL!! The Department of Justice announced that it sued National Association of Realtors and NAR announced the settlement with the DOJ on the same day! WHAT HAPPENED? and What does this mean for REALTORS moving forward?! PLUS we will talk about AMAZING October Existing Home Sales data, CoStar buys HomeSnap, a subprime player shorts the mortgage market but it might not be for the reason you think, AND forbearance rate increases for the first time since June. YIKES! Is Real Estate in Trouble?? Join Dan and Ray on the Bearded Men of Real Estate Show today to find out!!
Headlines!
5:35 What BMORE Is All About!
7:10 DOJ Sues NAR! Are They Suppressing Real Estate Competition?
52:15 October Sales Soar Despite Supply And Price Issues!
1:00:12 CoStar Snatches HomeSnap for $250 MILLION!
1:03:57 Can The Market Be Shorted?!
1:12:12 Forbearance Begins To Increase! Are We DOOMED?!
We were SOOO right! It seems the end of the world predictions MIGHT have pushed back for just one more week until next weeks show?? but why?? What did we NAIL!? Watch today! We will also discuss NAR taking on HATE SPEECH, Home builder confidence & Mortgage Demand BOTH rise, could we have a RECORD purchase volume year in 2021? NAR launches their own version of HGTV and Airbnb files to go public! Join Dan & Ray today on the Bearded Men of Real Estate show LIVE and add your take!
Headlines!
13:39 Homebuyers Cause Mortgage Demand To Spike After Election Pause?!
18:58 Are Homebuyers Over The Suburbs? RECORD Homebuyer Confidence Says So!
27:08 IT'S OFFICIAL: NAR Cracks Down On Social Media!
34:06 What Does NAR Consider "Hate Speech"? Hint: They Don't Know Yet!
51:38 MBA Thinks Mortgage Volume to SKYROCKET In 2021!
1:03:14 NAR Releases "First Time Buyer" Video Series!
Zillow's numbers beat expectations and investors couldn't be happier... what about AGENTS? What's up with Rental Fraud jumping 30%?? There are some NEW PROPOSALS that REALTORS must act on - NAR Silencing Your Speech & Actions? and FHA proposes private flood insurance plan to save your clients money. We also go down an EXP Logo Rabbit Hole that has a surprising end!!! Join Dan & Ray on the Bearded Men of Real Estate show on this very special HOLIDAY show! Happy Veterans Day & THANK YOU to those who served our country and protected our freedom!
Headlines!
4:44 What is BMORE all about?
10:44 FHA Considers Allowing Private Flood Insurance!
16:31 Are Online Rental Apps Causing MASSIVE Rental Fraud??
22:55 Mortgage Demand From Homebuyers SLUMPS to 6-Month Low!
31:08 Zillow Shares Spike After Exceeding Quarterly Expectations!
47:10 eXp Is eXploring A Rebrand!?
Is the NAR silencing REALTOR'S SPEECH?? Is Redfin caught Red Lining? Pending Sales DROP, Mortgage Applications DROP, Jumbo Loan Rates FALL, are Home Prices set to DROP? What is being done to CLOSE THE GAP in Minority Home Ownership?? Is there a Housing CRISIS? POTUS or NO POTUS, the BEARDED MEN OF REAL ESTATE SHOW is here to break down exactly what is happening! Join us LIVE on Wednesdays at 10AM Pacific / 12PM Central!
The season of SPOOK is here and these headlines couldn't be scarier... but how is this Frankenstein economy staying alive? Most agents will tell you that it's a Monster market so what does that mean for buyers and sellers? Are they Walking Dead? Will densely populated cities areas turn into Ghost Towns? Don't miss todays show! We have a TON of news including John Legend's controversial speaking gig at NAR's conference, new homes sales, existing home sales, are banks holding commercial loans in BIG trouble as the economy changes, more on 3d printed houses & what is going on with the "vacation home boom"?
Headlines!
4:47 What Is BMORE All About?
7:21 September existing home sales make a jump, but can the supply keep up?
12:12 Redfin CEO expects to ride the home demand wave into 2021!!🏄♂️
18:55 Banks might be bracing for impact as commercial demand sinks!
26:12 Home price index sees one of the greatest gains in 2+ years!
36:41 Homebuyer demand begins to plateau as mortgage applications begin to slow down!
41:55 NAR Says New Home Sales Begin to "Slow Slightly"!? 😕
45:36 Vacation towns see massive boom in luxury home sales! 💎
53:11 Mortgage forbearance down to 5.9%!
57:28 Can you print a HOUSE?! California company says YES!!
1:01:13 John Legend speaks on the future of fair housing!
It's a housing market Roller Coaster! The mortgage applications are UP and DOWN, Housing Starts are UP and Down, Inventory is UP, rates are DOWN & builder sentiment is UP... so where in the world is the real estate market heading? AND what are some TRENDS in housing that you may not want to miss! Join Dan & Ray on the Bearded Men of Real Estate LIVE!
Headlines!
16:09 Mortgage demand from homebuyers falls for the fourth straight week
20:32 Homebuilder sentiment sets another record high in October
23:55 U.S. single-family homebuilding accelerates in September
33:55 Mortgage Rates Set Record Low for 10th Time
42:20 Inventory Uptick Signals More Confident Sellers
50:58 Office Trend: ‘Biophilic’ Design
59:55 Study: Black Homeowners Pay More For Mortgages
1:09:58 The 2021 Color of The Year!
C-Level shake up at KW sends Gary Keller packing ... or does it really? Home prices heat up and consumers say now may NOT be the right time to buy depsite RECORD low mortgage rates. Is it?? Luxury sales make the biggest jump since 2013, why? Someone FAKES being a REAL ESTATE AGENT (wait what?) And we talk about the global housing market. Join Dan & Ray LIVE on the Bearded Men of Real Estate Show to add to the discussion!
Want to jump to a specific headline? Here are the times of the headlines we discussed!
9:50 What is BMORE all about?
11:38 BMORE Tech News!?
15:13 Gary Keller steps down as Keller Williams CEO!
23:06 Mortgages rates set ANOTHER record low, but applications fall!
27:24 "Red Hot" home prices have more consumers saying now is a bad time to buy...
38:19 COVID Mortgage bailouts fall below 3 million for first time since April!
48:33 Global housing market is holding up well despite 2020 world events!
52:53 Luxury home sales rise 41.5% making biggest jump since 2013!
1:05:42 California allegedly posed as a realtor to enter homes!?
NAR loses the dismissal on the buyer agent compensation lawsuit so it is going to court! PLUS Opendoor reveals that it is under investigation by the FTC, what's up (or down) with mortgage rates, is the Housing Market BROKEN? We talk about ALLL of this and more on the Bearded Men of Real Estate show! Join Dan & Ray live to add your comments to the program!!