Jay Pitts Show - (RE)source

A new half-point rate cut from the Fed will make waves in the real estate world,  Zillow Home Price shifts in 50 largest metro markets, GLAR dues increase and are now annual, today's 30 year old's are not hitting traditional milestones anymore,  Jeff Bezos hides his identity to get a lower price on a mansion, and YouTubers KSI, Logan Paul and Mr. Beast team up to copy Lunchables with their new product, Lunchly.

In this episode, we take a moment to reflect on the significance of 9/11 and share personal stories of where we were when the towers fell. Next, we discuss the qualities and strategies that make a successful realtor in today's competitive market. On the tech front, we talk about the exciting release of the iPhone 16, and compare two popular wearable tech giants, the Apple Watch and Garmin.

Louisville has a serial porch pooper? FSU fan swears to eat dog poop if they lose. When should a buyer consider an adjustable versus fixed rate mortgage? Weird things agents need to bring to showings. The average length of homeownership has gone down.

 

Does Louisville really have the worst real estate market in America, or is it actually normal? And a company sells sunlight at night, which can be purchased all from your phone.

Commissions have officially been taken off of the MLS and representation agreements have been enforced as of this weekend. Jay talks about how this has affected the brokerage and his team. Jay and Ryan also discuss the news of Kamala Harris calling for 3 million new housing units, tax credits for first-time home buyers, and a subsidy for first-generation home buyers.

Some agents are upset about the NAR settlement changes that are coming into effect this week, and we're sick of hearing about it. We discuss how predicting what the future of real estate will look like with these changes is not productive, and how some of our stances on the settlement have changed. We also discuss the positives of offering a buy-side commission. 

Ryan got his catalytic converter stolen while recording the podcast, and Jay clears up exclusive vs. non-exclusive buyer agency agreements.

Jay and Ryan answer some real estate would-you-rather questions, discuss the difference between aspirational and aggressive pricing when listing a home, U.S. homeowners are the strong hands this cycle, and what exactly is considered a fixture in a home.

 

Greater Louisville Association of Realtors finally released info on the DOJ decision and when the changes have to be implemented. Jay and Ryan discuss the changes and Jay's plan of action to still offer buyer's agents cooperating commission. 

Rick Pitino is donating money to UK's sports teams, how to hide your buyer's identity when writing an offer, only 1% of agents make up 15% of home sales, and more would-you-rather questions.