this Week in Real Estate

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:

1. **Judge Approves Keller Williams, Anywhere, RE/MAX Settlements:** Discover the implications of this major legal decision on the real estate industry.
2. **Sitzer Judge Indicates Support for Proposed NAR Settlement:** Get the latest updates on the National Association of Realtors' proposed settlement.
3. **1,500-Agent Tennessee Real Estate Brokerage Joins Compass:** Learn about the newest addition to Compass and its potential impact on the market.
4. **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.
5. **Mortgage Demand from Homebuyers Drops:** Analyze why mortgage demand is decreasing despite interest rates pulling back to April lows.
6. **Down Payments Averaging $26,000 - The Highest Q1 Level on Record:** Understand the trends behind the increasing down payment amounts in Q1.
7. **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.
8. **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.