this Week in Real Estate

This Week in Real Estate, we explore the U.S. inflation breakdown for April 2023, discuss the sudden rally in real estate stocks, and dive into homebuilder sentiment. We'll also tackle the office space crisis, trends in the rental market, and the surprising shift in Hamptons' rental prices. Special guest Chris Leeper joins us LIVE!

Will Zillow and ChatGPT actually replace agents?? A drop in listing inventory as home prices surge and affordability still remains the number one issue along side inflation as the fed continues to raise rates and NAR's chief economist says the FED "made a mistake"... And while all of that is going on, something is brewing in the AI space... could it replace Realtors??! Will real estate agents be replaced by Chat GPT? We talk about all of this and MORE with special guest Matt LaMarsh today!!

Tim Macy joins us on the show! This Week in Real Estate we cover the fed rate hike & 8 other stories you need to know! Join us as we delve into the impact of dwindling listings on skyrocketing home prices and discuss the potential implications of another Federal Reserve rate hike on the housing market. We'll also examine the recent dip in mortgage demand as bank failures loom and wealthy buyers face challenges. Discover the affordable alternatives drawing homebuyers to new metro areas and find out why 25% of homes in Austin and Seattle are more affordable than last year. Learn about the rollercoaster of home loans, the setbacks investors face with a shifting market, and how the lack of housing inventory is hindering sales. Plus, we'll touch on eXp World Holdings' efforts to maintain income gains despite year-over-year declines. Don't miss this comprehensive roundup of real estate news – subscribe and stay informed with "This Week in Real Estate!"

Are buyers getting burned in this housing market or are they simply getting burned out with all these doom and gloom headlines? Mortgage demand drops 10%, long-term homeowners are staying put, and new construction can’t keep up. On top of that, homeowner wealth is 40 times higher than renters, rent hikes are outpacing the value of rental vouchers, and homebuilder sentiment isn’t where it needs to be. All of that PLUS: a mass exodus is happening from New York, OpenDoor loses MORE money, Keller Williams goes to India, and what the heck is California up to now?! Join us as we hit all of the hot topics on This Week in Real Estate!

So what is it?! Is the market cooling or does it continue to keep heating up? Is the market strengthening or are we experiencing crashes all over the nation? Is housing regaining some of its affordability or is everything overpriced and out of the reach for too many prospective homebuyers? Well, the short version is that it’s really difficult to tell because data changes almost daily. There isn’t a set “normal” to this market as of yet, however, trending data tells us that we’re heading toward a normalization after a Corona-Virus induced frenzy that lasted for almost two years. More inventory, steady interest rates, and small home price decreases are a good thing and will help us ease back into some sort of comfort in many markets across the country. Come along with us as we discuss all the hot topics on This Week in Real Estate!!!

Is this current housing market just one giant game of chicken between buyers and sellers? Are both sides just waiting to see who cracks first?! And are real estate agents holding valuable information that might help alleviate the pressure that they’re feeling? As more home sellers are sitting out the Spring market, a lack of home listings is taking its toll on mortgage demand. This lack of inventory could have dire effects on the future of affordability as home prices just jumped after several months of decline. All of that PLUS: Vacasa is going to shut down brokerage services in Q2 and learn why AI is taking over real estate. Come hack through the twisted weeds of news stories on This Week in Real Estate!

Will the market Come Around, Stay Away, or Fall on Black Days? Are there No Excuses for our current market situation or are we just a bunch of Zombies doing what the FED tells us? Do we need an Interstate Love Song to help us Come Out and Play or is Everything Zen? Why am I speaking so cryptically and referencing songs from 1994? Well, the current market is coming Unglued (sorry, I had throw in one more) and it seems that our inventory shortage could stymie our “normal” Spring selling season. Plus, we look into all the turmoil with big banks, DOJ v NAR, and Zillow accounting for HALF of all the real estate web traffic. Let’s see what happens when Push Comes to Shove on This Week in Real Estate!

In the wake of the recent big bank failures, does the FED have their EYE on raising rates to Mount Doom on the warming spring housing market? Or will they realize that the Return of the banKING disasters could scare more Americans away from the market and chill out on any further rate hikes? Also, home sales spike, mortgage demand increases AGAIN, the war between millennials and boomers HEATS up, and why in the world is California charging rich people MORE to sell their homes?! Join the Two Towers Ray and Dan as we dive through those stories and more on This Week in Real Estate!

Are the recent bank failures just a coincidence or were these orchestrated by Masterminds to be one giant rug pull?! How will these quick collapses affect interest rates and you as the consumer? Rates did dip this past week in the wake of the fallout of the big bank blunders and mortgage demand is rising even with volatility in the market. All of that PLUS… luxury home sales PLUNGE, housing is still the biggest contributor to inflation, and… is the DOJ going to toss the pocket listing lawsuit out of court?! Join the heist as we delve into all the hottest topics on This Week in Real Estate!

Is the US Housing Market slowly fading away from being the National Treasure that it used to be?! Mortgage rates are now back over 7%, home prices KEEP falling, and affordability is half of what it was in 2021! Are buyers going to be able to find their hidden gem and, if so, are sellers still going to be asking for the moon? All of that is plaguing prospective purchasers PLUS… Rocket Mortgage and UWM cut another LARGE chunk of their workforce to combat the slowdown in the market. X marks the spot as we cover those stories and so much more on This Week in Real Estate!