Elon Musk has taken to Twitter with bold predictions of a CRE crash and subsequent decline in home values. Is there merit to his claims or is it all just a tweetstorm? Dive into the data with us in our latest video as we dissect the potential impact of a CRE crash on the economy and banking system. We'll take a closer look at the startling amount of empty office space and the implications of these figures. Join us as we question Musk's arguments and examine the reality of these dramatic forecasts. Is this the right time to buy or sell a home? Share your thoughts and join the conversation!

Show Links:

Elon Musk on Twitter: "@DavidSacks Commercial real estate is melting down fast. Home values next." / Twitter

commercial real estate crash - Google Search

Visualizing 1 Billion Square Feet of Empty Office Space (visualcapitalist.com)

Housing Market Update: U.S. Home Prices Rise For the First Time in Nearly Five Months (redfin.com)

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🔥Hot off the press!📈 June's ADP employment rates are causing a stir! 😱 But remember the OG Realtors? "That's nothing, I bought my first house at 12%!"🏡 Times have changed, and so has the market.🔄 We're breaking down the numbers this week!🎯 From stock and bond markets' reactions📊 to the Fed's aggressive stand💪 - we've got it all covered!🙌 Swipe for surprising stats📉, a pinch of history🕰️, and future predictions!💡 And remember...this too shall pass!⏳ Show Links:

US June ADP employment +497K vs +228K expected | Forexlive

July Fed rate hike remains largely priced in, expectations for September or November hike soften somewhat - MarketWatch 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US) | FRED | St. Louis Fed (stlouisfed.org) bacff24-bc12-0f0c-b5e3-7610cf7134_University_of_Options_july_3.pptx (live.com) Tag an industry pro, share within your team, and post to your local groups & associations! Love this podcast? Subscribe Today! https://theresource.tv

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🚨 Record low in housing? 🏠 Say it ain't so! 😱 But don't worry, we've got the scoop on what's happening. 🎥 Watch our latest video to uncover the surprising stats 📊 and trends of 2023. 📆 It's a game-changer, folks! 🔥👏 Don't forget to share the knowledge with your friends. 💪🤝 💼 Let's navigate these real estate waters together! 🌊🏄‍♂️

Show Links:

Affordability Crisis: United States Needs 4.3 Million More Homes - Zillow Research

How many homes are needed? Where? Number of missing units, by metro Where are housing units most needed? The number of "doubled up" families per available unit. Tag an industry pro, share within your team, and post to your local groups & associations! Love this podcast? Subscribe Today! https://theresource.tv

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Hang in there, team…this is a doozy 🚨Another week, another RECORD LOW in housing!📉😲 And no, we're NOT talking about rates!🏠💸 Intrigued? You should be! 🤯👀 This week's update is a doozy, and we're here to break it down for you. 🎥🗣️ Just when you thought it couldn't get any lower, the number of homes for sale hits rock bottom!👇😱 Homeowners feel trapped by rising mortgage rates, and listings are down 25%!😰💔 But don't worry! We've got your back. 🙌✊ We're here to provide you with all the latest info. 📊📚 Good, bad, or indifferent, we're your ultimate Real Estate Source. 🏘️💡 Don't miss out! Hit that play button, and let's dig in! 🎬🔍 Show Links: There Were Fewer Homes for Sale in May Than Any Month on Record (redfin.com)

The savagely unhealthy housing market is back - HousingWire

Housing Market Update: The Spring Homebuying Season That Never Happened

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One Agent leaves every 3 minutes! 50% of Loan Officers may leave the business as well!

📢 ATTENTION! 📢 The real estate industry is seeing a MASSIVE exodus! 🏠⏳ Every 4 minutes, a real estate agent hangs up their hat! Is it truly as alarming as it sounds? 🚨⁉️ Let's dig into the hard facts! 🕵️‍♂️📊 Click the link in our bio to watch the FULL story. You don't want to miss this! 🎥🔥 Comment below with your thoughts on these developments! 💭👇

Show Links:

60% Of Mortgage Pros Living Paycheck To Paycheck - The Mortgage Note

About 60% of mortgage pros are living paycheck to paycheck, study shows - HousingWire

Part 1: Current State of the Housing Market; Overview for mid-June (substack.com)

Part 2: Current State of the Housing Market; Overview for mid-June (substack.com)

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🏡🔍 Looking for a solution to the housing inventory shortage? It might be closer than you think, but it won't be easy! Let's dive in and explore together! 😮 Nearly 3 in 4 pandemic homebuyers have regretted their purchase, and it's even worse now. 😱 93% of buyers are filled with regret about their home-buying experience. Let's understand why and find opportunities in the midst of adversity

Show Links: https://listwithclever.com/research/homebuyer-report-2023 Tag an industry pro, share within your team, and post to your local groups & associations!

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The Massive Impact on Realtors and Lenders!

⚠️ Inflation alert! 📈 Is Your wallet feeling a bit lighter? Mortgage rates are heading into the 7's! 🏠💸 Brace yourself, as there are more rate hikes ahead! 📊🚀 Dive in with me as we unravel the fallout and impact on Realtors and Loan Officers 🏢💼, and what this means for YOU! 🎥🔥

This isn't just talk; we've got the graphs to show you! 📈👀 From the Great Recession of '04-'06 to now, the economic roller coaster continues 🎢⏳. Ever wondered what happens when mortgage lenders are losing money on every loan? 🤔💰

The industry feels the heat, and we're right there with them, breaking it down one piece at a time! 🕵️‍♂️🔍 Homebuyers, Realtors, Lenders...we're all in this together 🤝💔 But remember, neither good nor bad times last forever!

Show Links: Interest Rate Hikes: Comparing Their Speed from 1988-2023 (visualcapitalist.com)

The average IMB lost $1,972 per loan in Q1 - HousingWire

Housing Market Update: Mortgage Rates Surge Past 7.1% For First Time Since November; Some Buyers Back Off While Others Lower Budget (redfin.com)

30 Year Fixed Mortgage Rates - National Average (mortgagenewsdaily.com)

Housing Market Tracker: A wild week for rates - HousingWire

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How Does this Impact Housing? We Unpack it All! 🌍 The world watches in disbelief and horror as the US nears a possible default! 😱👀 Let's take a step back from the panic button and review the facts. In this lighthearted yet informative video, we explore the US debt ceiling, its history, and its potential impact on the housing market. Join us as we put things into perspective and shed light on the situation. ✨🔍 Check out the full video for insights you don't want to miss! 🎥💡💪 Tag an industry pro, share within your team, and post to your local groups & associations!

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🏠📈Gen Z homeownership rates are already exceeding those of millennials and Gen X at the same age! 💪👏 However, the housing market still faces challenges with a lack of inventory and rising costs hindering new construction. 🚫🛠️ Check out our latest show for more intel on the real estate market! 📺👀

Show Links:

Fed's Recent Rate Hike was Unnecessary says NAR Chief Economist Lawrence Yun

The Race to Homeownership: Gen Z Tracking Ahead of Their Parents' Generation, Millennials Tracking Behind (redfin.com)

Interest Rate Hikes: Comparing Their Speed from 1988-2023 (visualcapitalist.com)

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🏠💰 We're diving into the recent changes in loan pricing in the mortgage industry and how it's sparked a political spin lately. 🔥 HousingWire has featured industry leaders like David Stevens, who points out that buyers with higher credit scores are now subsidizing those with lower scores. 📊 This has caused the industry to take sides and sling mud at each other. 💩 There are also concerns about the GSEs being used to pursue political and social agendas, which could lead to mistrust in how they analyze expected default and severity. 🤔 Stay informed and keep up with the latest developments in the mortgage industry! 00:00 – TheREsource.tv introduces the topic of the GSE's LLPA scuffle in the real estate & mortgage industry and promises to explain the situation without using jargon. 😂🤩 00:23 – The changes in loan level price adjusters (LLPA's) that caused an uproar several months ago now may have a political spin. 🏛 📢 00:46 – Is it true that buyers with higher credit scores are now subsidizing those with lower credit scores? The banking industry has taken sides and started slinging mud at each other! 😠↔😑 01:05 – Buyers with a credit score of 640 will pay significantly more than those with a credit score of 740, using an 80% loan to value ratio as an example. Better credit scores represent a better risk and are priced better accordingly. Facts. ☑ 01:49 – Were the changes that were made to people with better credit scores and some areas got better while some got worse, but the end result is that low credit scores represent a higher risk for investors and thus pay a higher rate to offset that risk? 💸💰 02:08 – Dave Stevens highlights the dangers of both sides being able to use the GSEs politically, which has some merit politically, but not what the industry was peddling last week. 🎙 02:41 – Dave Stevens expresses concern that the GSEs may be used to pursue political and social agendas, which could lead to mistrust in how the GSEs come up with their analysis on expected default and severity. 🤓 03:15 – A regime change in Washington could result in a new director of the GSEs, which could set a dangerous precedent for how the GSEs are run.⁉ RE-Source Links: ➡ Is There Really A New, Unfair Mortgage Tax on Those With High Credit? Mortgage News Daily: https://www.mortgagenewsdaily.com/mar... ➡ David Stevens on HousingWire on LLPA's: https://www.housingwire.com/podcast/d... Tag an industry pro, share within your team, and post to your local groups & associations!

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