The Higher Standard

The Victory Lap, Real Estate Update, Layoffs and Q&A


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No matter the position still being maintained by Dave Ramsey and other social media influencers, the housing recession is upon us. The National Association of Realtors has actually called it a recession, among others, and no amount of wishful thinking will make it not so.

In today's episode of The Higher Standard, Chris and his co-host take a victory lap as the numbers and the pundits appear to agree with what they have been calling all along: A housing recession.


They discuss recent comments by Nancy Wallace, the Lisle and Roslyn Payne Chair in Real Estate Capital Markets at Berkeley Haas, who has stated that non-banks are poorly capitalized, as well as the decision by Loan Depot to close down their entire wholesale division.


Chris shares a rather scary report from Redfin, where analysts said real estate investors bought 18.4% of homes sold in the fourth quarter of 2021, up from 12.6% a year earlier. That means real estate investors effectively own 20% of the market now nationally.


They also explore a recent Wall Street Journal article stating that 4 in 10 employers are rescinding job offers, and a similar amount are reducing or eliminating the sign-on bonuses that had become common to attract talent in a tight job market.


This is a show you do not want to miss! Join Chris for this fascinating conversation.


Enjoy!



What You’ll Learn in this Show:

  • Why Nancy Wallace, the Chair in Real Estate Capital Markets at Berkeley Haas, has stated that non-banks are poorly capitalized.
  • A report from Redfin, indicating that real estate investors bought 18.4% of homes sold in the fourth quarter of 2021, up from 12.6% a year earlier.
  • Why roughly 4 in 10 employers are rescinding job offers and reducing or eliminating sign-on bonuses, a common tactic in a tight job market.
  • And so much more...


...more
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The Higher StandardBy Chris Naghibi & Saied Omar

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