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Are we seeing signs of a zombified market being brought back to life… or is this just the dawn of the dead… market?! A new report says that home prices continued their pattern of declines, mortgage rates rise as inflation takes another bite out of affordability, and iBuyers are racking up MAJOR losses. However, spring may bring new hope as pending home sales blow past expectations and the homebuying season may be off to an early start. All of that plus… MV Realty is being accused of having a shameful business model, the CFPB steps in to help military families, and what is Amazon doing to help its employees buy a home?! Join us for a THRILLER of a show on This Week in Real Estate!
Are we going to see monopolies in real estate flourish or fail in the coming years? Well, today, you get to be the judge! Wall Street could own up to 40% of the rental market by 2030 but investors are currently buying only half of the properties they were a year ago. Co-Star looks to take on Zillow’s monopoly of the residential online space… but are they backing out of a deal that could help them drop the gavel on the portal giant’s lead generation business? All of that PLUS… more buyers are blaming their agents and hauling them to court, inflation remains stubborn, and Redfin and Zillow once again report MAJOR losses. Join us as we take the stand on This Week in Real Estate!
Is the housing market completely OUT OF THIS WORLD?! After more than two years of rocketing prices, are we going parachute back to Earth or are we going to CRASH back into reality? Home prices have shot into the atmosphere by 42% over the past 3 years but mortgage demand is running out of steam. Rate locks are rising, retail sales jump, and homebuilder sentiment has the biggest leap its seen in a decade. All of that PLUS: Is housing a major cause of inflation, is AirBnB finally profitable, and will buyers returning to the market bring more sellers with them? It’s time to suit up for this weekly wild ride on This Week in Real Estate!
The first rule of Fight Club is… you do not talk about Fight Club. But it’s our job to talk about fights in real estate so here we go! The fight between sellers and agents continues as commission discussions heat up, an appraiser countersues alleged discrimination, and builders prepare for pain as they enter the sales ring. Those epic battles PLUS: lumber soars 13%, the FED’s recent move has no negative impact on rates, and refi demand is up before the 8 count. And before the final bell, are we about to FINALLY see a national MLS?! Lace up your gloves and jump in the squared circle on This Week in Real Estate!
Are we set to have a showdown between buyers and sellers, or will it just be a slowdown in 2023?! Mortgage demand has jumped 7% but inventory is dropping. Purchase applications are UP 25% but millennials are saying that inflation is dueling with their purchase plans. Those epic battles plus: Existing home sales fall for the 11th straight month, Coldwell Banker closes offices in Chicago, CoStar is considering a big purchase, and… is the DOJ on the side of the National Association of Realtors? Find out at High Noon (Central time) who the winners and losers will be on This Week in Real Estate!
Are we currently in the eye of the storm and not seeing the signs of the damage in the housing market? Mortgage demand is up this week as interest rates drop, homebuilder sentiment rises for the first time in a year, and we seem to have a solution to solving the ongoing housing crisis. But is all that just the calm before the bigger storm that no one is talking about?! A bombshell has been dropped in Florida that could destroy a lot of wallets, insurance companies are pulling out of Louisiana, and cancellation rates swell up to 68%. What does this mean for real estate agents and how are you going to help your clients navigate these muddy waters?! Find out on This Week in Real Estate!
Are we facing the most frigid market in history and can we thaw out in time for a Spring push? That seems doubtful as Wells was once the number 1 player in mortgages but we are about to see how FAR they will GO to step back from this frozen housing market. Layoffs continue industry wide as AnywheRE and Compass make more difficult decisions for their employee body count. Keller Williams makes the Bold claim that “someone has to sell a damn house!” and eXp tries to justify their seeming lull in agent count growth. America simply needs more housing and the FED has stated that they may need to make unpopular decisions to stabilize prices. We may, however, be seeing a RAY of sunshine poking through the dark clouds as consumer confidence finally rises, buyer concessions are UP, and mortgage rates should be dropping below 6% soon. Snuggle up with some hot chocolate as we explore the headlines on This Week in Real Estate!
New Year, New Me? How about… New Year… New Market?! After years of winning in real estate, the US is now suffering from the second biggest home price correction in the post WWII era as gains fall “sharply” in November. Pending home sales are also DOWN 38% and mortgage demand PLUNGED 13.2% to end 2022. Plus, are Manhattan apartment sales in need of a snow plow?! Fourth quarter sales got buried as area brokers fear a frozen market. All that plus Yieldstreet slashes their buying levels by 90% and listings on Facebook skate on the ever-thinning thin ice known as advertising on social media. Join us for This Week in Real Estate!
Helloooo, everybody! It is THAT time of year again when we check to see how we did with last year’s predictions, make some BOLD news ones and have a SPIRITED debate about 2022 and what we expect as the calendar turns its final page on a crazy year. The FED chose to put coal in everyone’s stockings by raising rates to the highest level in 15 years, Krampus is coming for investor profits on their flips, and the Grinch… err umm… Zillow makes another big move to steal Christmas. Are our predictions going to be naughty or nice for 2023?! All that and more on the year end extravaganza of This Week in Real Estate!!!
It's no surprise that housing markets around the US seem to be in a bit of a housing crash, with record home delistings, cold mortgage rates, and high home prices. But according to Freddie Mac, the interest hikes may soon slow down. To make things even more interesting, lumber prices haven’t been this low since lockdown. The latest real estate news headlines have left many housing experts shaking their heads at all these twists and turns - from Coldwell Banker’s M. Ryan Gorman being out as CEO, to nearly 450K borrowers now being underwater due to declining home prices when Opendoor’s CEO and president are also getting kicked out on their executive team, plus Florida AG filing a complaint against MV Realty? Clearly, housing is one wild game of musical chairs! And with such volatile housing news , it's no wonder why real estate podcasts are becoming so popular--after all, robot or artificial intelligence can't match the wit of a human housing analyst!
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