this Week in Real Estate

🔥 This week on "This Week in Real Estate," we're diving into the latest industry shake-ups and market movements! 🔑 From CoStar's CEO pointing fingers at "Ziltorfin" for tarnishing the industry's reputation, to a groundbreaking commission lawsuit in California naming 36 defendants, we're covering it all. 📈 Experience the thrill of the market with December's record 4% rise in pending home sales, the highest in over two years, and understand the surge in mortgage applications despite creeping interest rates. 🏡 With over 20% of homeowners eyeing the market within the next three years and a forewarning of a challenging year ahead from Howard Lutnick, we explore what's next for US real estate. Plus, we'll delve into Texas's burgeoning housing market, the impact of 2024's severe winter weather on buyers and sellers, and the significance of December's modest price increase. 🚀 Don't miss out on these insightful analyses and expert forecasts that shape the future of home buying and selling.

🏠 This week's episode packs a punch with the latest industry updates and trends. We're kicking off with a deep dive into Zillow and ShowingTime's lawsuit against multiple listing services - a must-listen for industry professionals. Next up, Real Brokerage announces two innovative programs for Teams & Brokerages, reshaping the landscape for real estate professionals.

Stay tuned as we explore Gen Z's stagnant homeownership rate in 2023, contrasted with gains seen by Millennials and Gen Xers. Discover why empty nesters own twice as many large homes as Millennials with kids, and the implications for the housing market. We're also breaking down the "Lock-in Effect" - revealing why 89% of people with mortgages now have an interest rate below 6%.

Don't miss our analysis of the early-stage demand uptick as mortgage payments fall and more homes hit the market. Plus, we'll discuss how homebuilder sentiment is improving for the second straight month, following a drop in mortgage rates. Mortgage demand surges over 10% as lower interest rates attract homebuyers, and we'll tell you what that means for you.

Wrapping up, we spotlight the best markets for first-time homebuyers in 2024. Whether you're a real estate enthusiast, a professional in the field, or a potential homebuyer, this episode is packed with insights you won't want to miss! Tune in to "This Week in Real Estate" for your weekly dose of real estate news and analysis. 🌟

🎙️🎧 Tune in for an explosive episode of This Week in Real Estate!! 🏠 We're diving deep into the latest shockwaves in the real estate world. Discover the drama behind NAR President Tracy Kasper's resignation and what it means for the industry, and get the latest on the UMPA lawsuit that's reshaping the future of real estate commissions.

We'll also explore why NAR's membership is declining for the first time in years, and give you the inside scoop on the legal battles in the industry. Plus, we're looking at the early signs of rebound in homebuying demand amidst fluctuating mortgage rates and increasing listings, and discussing how dropping monthly payments are bringing back house hunters. Renters, there's good news for you too, as rental costs drop for the third straight month.

Don't miss our analysis of the Case-Shiller Home Price Index, showcasing the strongest national growth rate since 2022. We're also tackling the big question: Is the American dream of homeownership fading for Gen Z? Find out how the median sale price for US homes is jumping and what it means for your wallet. Plus, we've got insights on mortgage demand trends and a look at the economic outlook for 2024. 🔥

It's that time of year!! The annual prediction special!! We will take a look back at our 2023 predictions and will look into our crystal balls to make predictions on exactly what will happen in the housing market for 2024!

Will mortgage rates increase? Will interest rates go down? Will home prices go up? When will home prices fall? What major changes will happen in the real estate market for 2024? Is there anything happening in the industry that will surprise us?

Plus, we will check in with "industry experts" like Redfin's housing forecast, Zillow's housing forecast, Grant Cardone, Barbara Corcoran, and more!

Drop your predictions in the comments & add yours to the show!!

Michael Ketchmark calls YouTuber & Real Estate aficionado Anthony LaMacchia. We talk to Anthony to hear more about the conversation and WHY would Ketchmark even care?? Plus a NEW Commission Lawsuit Targets Bay Area MLS and we will discuss the new "low" mortgage rates but is it enough? Is American becoming a nation of Renters? Grant Cardone thinks so... but does he really? We dive in to his comments and take a look at what is actually happening for renters and how a recent legislation proposed could add inventory to the market and force renters OUT of their hedge fund owned homes. Is this a good thing or a bad thing for the market??

Yikes. What a week. More lawsuits and more news of potential housing crash for 2024. Is it legit? Today we talk about the new Realtor NAR lawsuits in Florida and Pennsylvania. Also Seattle-based Coldwell Banker franchise drops out of NAR and a new survey shows Realtor members have VERY little faith in the organization. CoStar fights back against Realtor.com and WSJ. PLUS we dive into the market! Monthly mortgage payments fall and new listings go up! But have high mortgage rates hindered buyers so badly that we wont recover?? Pending home sales drop to record lows! And there is a boom in Nashville... What's going on?

The attack on Real Estate Commissions is growing as more lawsuits spread around the country! We discuss big changes in the Nosalek suit, the new lawsuit by Georgia home sellers and we will highlight where you can go to find updates on ALL the lawsuits. And why is Mark Willis back as CEO of Keller Williams?

So what is happening in housing? Is the housing market crashing? We will dive deep into several articles about mortgage rates, interest rate estimates for 2024, and we will discuss changes in homebuilder sentiment, custom homes, & home size! Join the show!

As the world turns... Mom and Dad are here to help but they can't help the NAR!!

NAR is pledging that they will appeal and win the Sitzer Burnett decision and members of NAR Boards are getting sued in a new case in Texas!

AND we talk about the big investor pullback in the Sunbelt but there is good news for buyers as rates have decreased and SELLERS are giving buyers concessions. But.. how are mom and dad helping buyers in this market? They got the money! Join the conversation for Episode 254!

The Sitzer, Burnett trial is over and NAR lost... "but wait … there's more!" DOJ and the plaintiff's attorneys are in talks! Will NAR shed 1 Million members?? PLUS we have all the Q3 revenue losses and gains for Offerpad, Opendoor, Redfin, Re/Max, Compass, Douglas Elliman, Exp, Rocket, & AirBnB plus LoanDepot warns of MORE layoffs on the way.

Plus 1 in 3 Homebuyers are paying CASH for their home but is there hope because Mortgage Rates plunge and demand finally starts to return. Rates are falling but so are jobs! And what is up with the rental market?

AND we have a news story about another Landlord that got squatters out of his home... but this one is not one you want to emulate! YIKES! Join the show!

NAR seems to be going down in flames lately. Not only did they have a shake up due to misbehavior from it's president, they also lost one of the biggest court cases of the organizations life! We will cover what this means for the industry as a whole AND we will dive into the latest news like ZILLOW acquiring Follow Up Boss in its effort to become the ALL IN ONE place for real estate agents. We also cover the latest economic news and the Fed's decision on interest rates!! Don't miss the show!