Byron Lazine and Nicole White discuss statements by eXp Realty founder Glenn Sanford and Compass CEO Robert Reffkin, the rise in consumer confidence, Jamie Dimon’s confidence in the U.S. consumer, and the redevelopment of unused office space as housing.

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This episode's sources:

https://www.cnbc.com/2023/01/09/consumer-confidence-in-housing-rises-as-prices-fall.html

https://www.inman.com/2023/01/09/exps-sanford-speaks-out-on-lull-in-agent-growth-executive-shakeup/

https://www.foxbusiness.com/real-estate/us-real-estate-monumental-opportunity-solve-housing-crisis-2023-expert

https://www.foxbusiness.com/economy/jpmorgans-jamie-dimon-more-optimistic-us-consumer

Timestamps:

00:00–02:33 Intro

02:33 Racket #1—eXp Founder Glenn Sanford Speaks Out on “Lull” (Inman)

07:08 Why has eXp’s agent count growth stopped?

14:29 Any CEO that blames the market…

15:08 Racket #2: Consumer confidence rises as prices drop (CNBC)

19:21 Despite mortgage rates around 6%, two out of five people still want to buy a home.

21:33 It all comes down to inventory.

24:16 Left, Middle, Right

24:33 #1—”Monumental opportunity to solve housing crisis in 2023” (Fox Business)

26:28 The issues involved in turning office space into housing

28:38 LMR #2—Jamie Dimon optimistic about the U.S. consumer (Fox Business)

29:06 The biggest argument against the consumer

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