this Week in Real Estate

After a major lull in home-buying due to high interest rates and even higher inflation, is it finally time for some Good DEAL Hunting?! With investor purchases dropping, mortgage rates falling for the third straight week, and home price gains slowing, buyers are prepped and ready to jump back into the market with less competition. Plus, mortgage giants raise loan limits for 2023, claims are being made that the second-biggest home price correction is happening, and Millennials are still being shut out of the market. All that and more as we test our market IQ on This Week in Real Estate!

Honey, who shrunk the housing market?! With a third quarter straight out of an 80’s sci-fi comedy, who and what factors are to blame for our current state? Billions in losses and a worsening economic outlook, real estate agents struggle to pay their bills and with lending standards tightening, when are we going to see any growth? Home builders add incentives to bring buyers through their doors and flippers search for those creative deals, but it seems that they’re stuck in the weeds with no way out. Is there are brilliant scientist with a magic laser that will be a fix-all to our issues or are we drowning in a proverbial giant bowl of cereal just waiting to be devoured?

The entire nation has been enthralled by the mid-term elections over the past few months and now we know who the real winners and losers are. Red may have taken a few seats and Blue may have lost ground, but real estate seems to be losing for months! The economic downturn is worse than ever, a housing crash is imminent, real estate companies reported dreadful third quarters, and agents are suffering. So, what’s actually happening? Buyer sentiment is at an all-time low, OpenDoor lost a BILLION dollars, Redfin shutters its doors on their iBuyer program, and Zillow suffers yet another hurdle in the revenue department. No matter how your side fared in the elections, real estate is down in the polls and no political mountains can be moved to help it. Where does housing go from here?

Will pumpkin spice lattes, warm winter sweaters, and cozy fires be enough to prevent the impending housing FALL?! Mortgage demand is on thin ice, buyers pull back from new construction, pending home sales are down, and real estate CEOs are predicting the worst is yet to come. A perfect storm of epic proportions is on the horizon and real estate agents don’t have a boat to navigate these waters. So jump aboard the SS This Week in Real Estate and get a life raft to get you to safe ground!

What kind of spoooooooky, scaaaaary skeletons are coming for the real estate market this week?! The Airbnb carriage is about to turn back into a pumpkin, the potion for high sales prices is wearing off, and the murky waters of the mortgage industry get muddier. AND… the Nightmare on Main Street is just beginning as Freddy has his knives sharpened and is SLASHING existing home sales as well as home builder sentiment. Is there some Hocus Pocus that can fix this zombified housing market or is Jason going to continue his killing spree on Hallowe’en?! Find out on This Week in Real Estate!

Have the last two+ years of the real estate market been just like one long night out with that old friend from college? It was really fun but now we’re paying for all the fun we had. And are buyers suffering through their worst hangover ever because of it?! With interest rates edging over 7%, consumers are taking shots on riskier home loans. Home builders are slashing starts due to those high rates, and it’s harder to qualify for a loan. If that’s not enough of a headache, Pacaso breaks up with 30% of its workforce, more and more homebuyers think prices will go down in the next year and… is the fight between REX and the National Association of Realtors just heating up?! All that and more on This Week in Real Estate!

Purveyors of the truth behind the headlines since two thousand and seventeen. Our global podcast transmission follows the National Association of Realtors as they head to Washington to tackle the terrible housing inventory crisis facing many hard-working Americans today. Also, our broadcast covers why home prices are dropping like it’s 1909… I mean 2009, mortgage rates creeping up towards 7%, investors saving their clams on new builds, and… JEEPERS… is consumer confidence up?!

IS THIS THE END?! The end of the volcanic sellers’ market… the end of the epic price increases… the end of the mortgage BOOM?! Why do we ask this? Home prices cooled at the fastest rate IN HISTORY, mortgage refinancing DROPS to a 22-year low, and data shows that the home price correction is sharper, and more widespread, than previously believed. Also, how is Zillow trying to win over real estate agents, and why is HomeSnap separating from its Public Portal. We dive into the tidal wave of headlines on This Week in Real Estate!

On this week’s episode, it's a Real Estate ROYAL RUMBLE! We breakdown the looming unholy union between Zillow and REX to tag team against NAR’s commingling rule. And one of the duo, Zillow is being accused of wiretapping homebuyers’ visits to its website, OpenDoor taking the L on almost HALF of its home sales, and why is Anywhere fighting sellers on a NAR commission rule.

We head to the top rope to drop an elbow on those headlines as well as Realtors donating more money, demand for luxury real estate continuing and where builder confidence stands. Join us on This Week in Real Estate to see who will be down for the count and who will emerge victorious.

On this week’s episode, we cover the battle royale that is brewing in real estate. Buyers vs. the ever-rising mortgage rates. Tough to tame inflation vs. the cooling housing market. Compass CEO vs. the Real Deal Founder. We discuss the potential winners and losers as well as banks reclaiming MORE properties as foreclosures tick up. Plus, how is climate risk affecting the decision-making process for homebuyers? Join us today on This Week in Real estate as we battle our way passed the headlines to find the truth.