this Week in Real Estate

Zillow Speaks Out, Fed Drops a Bomb, and Bigfoot Sells Land?! This week on This Week in Real Estate (tWiRE), we're breaking down Zillow's long-awaited clarification on private listings — and when agents should brace for enforcement. But that's just the start. The Fed just quietly revealed a massive shift that could upend how commissions work across the country. We also cover: •A new lawsuit hitting eXp Realty over workplace misconduct •The war of words between reality TV agents and seasoned pros •Home prices drop for the first time since 2022  •Inventory climbs to a 5-year high, but buyers still face brutal affordability •The wildest staging tactic we've seen yet: Bigfoot?!  •Starter homes now cost $1M in 28 states—seriously •Why mortgage demand is slipping even as buyers want in Is the spring market stumbling or resetting? What does the data really say about buyer behavior? And is reality TV doing more harm than good to the industry's image?

This week on tWiRE:

0:24 - So, it's 2025. I know. I have NO idea why my brain said 2023 and I said it. None. ¯_(ツ)_/¯   This week on tWiRE: This Week in Real Estate, lawsuits, legislation, and market turbulence take center stage. Compass has launched a legal missile at the Northwest MLS, dragging Windermere into the crossfire—claiming the cost of “waging war” is weighing them down. Meanwhile, a Texas Senate bill is aiming to dismantle NAR's controversial hate speech policy, igniting a fresh political battle in the real estate world. Vrbo gets slammed over a misleading Super Bowl ad after a complaint by Airbnb, proving that in the short-term rental wars, no move goes unchecked. On the market side, homebuyer mortgage demand continues to dip amid mounting economic uncertainty, even as mortgage rates ease slightly. Sellers still want $39,000 more than buyers are willing to pay, and home prices are now falling in 11 of the 50 largest U.S. metros—especially in parts of Florida, Texas, and the Bay Area. But it's not all doom and gloom: pending home sales spiked 6.1% in March, hinting at a potential wave of pent-up demand. And in Houston, the legendary “Darth Vader House” finally sold for $3.4 million—set for a villain-to-visionary rebrand.

This week on tWiRE – This Week in Real Estate, we're diving into a storm of high-stakes decisions and shifting market dynamics:

Zillow Just Dropped a Bombshell on Private Listings

Private listings, broker lawsuits, and mortgage mayhem — Episode 312 is packed with the headlines shaping the future of real estate. This week on tWiRE (This Week in Real Estate), we're diving headfirst into the chaos, clarity, and controversy rocking the housing industry.

This Week in Real Estate (tWiRE) Episode 311 unpacks a wild week of housing headlines—from legal showdowns to market shakeups. We're covering everything agents, buyers, and investors need to know:

This Week in Real Estate, where the headlines hit harder than your March Madness bracket! This week's top stories reveal shifting power dynamics in real estate, rising insurance crises, and a wild MLS tech fire sale.

The housing market is slowing, with homes taking nearly two months to sell—the slowest pace in five years. Meanwhile, a shift in commissions is unfolding, with rates rising slightly for affordable homes and dipping for high-end properties since the NAR settlement took effect. As affordability improves, experts predict 2025 will be a renter's market, creating new opportunities for those looking to lease rather than buy. Compass is making a major tech play with the launch of “Compass One,” a client portal designed to streamline transactions, while NAR continues its media push with the fifth season of First-Time Buyer. The MLS landscape may be on the verge of transformation, with talks of a national network gaining traction. In other headlines, climate change is reshaping real estate, putting $1.5 trillion in property value at risk, and homebuilders are anxiously awaiting tariff details from Canada and Mexico that could impact costs. Plus, new homes are shrinking—are buyers really looking for less space? And in a wild twist, two wealthy Florida real estate moguls have been denied bail as a judge exposes their fraudulent empire. Tune in for expert insights, bold takes, and everything you need to know about the real estate world this week!

The real estate industry is facing a major shakeup—71% of agents didn't close a single deal last year, and legal battles over commissions could change how homes are bought and sold forever. This week on tWiRE, we break down the fallout from antitrust lawsuits against agent commissions and how real estate leaders see opportunity in the chaos. Meanwhile, pending home sales took the sharpest dive since 2022, thanks to a spike in mortgage rates, while home prices are rising in every major metro for the first time in nearly two years. Are we heading for a market slowdown, or is relief on the way for buyers? Plus, we analyze Trump's plan to tackle housing affordability and what it would take to actually lower costs. And in breaking news, we discuss the latest Federal Reserve decision and how it could impact mortgage rates moving forward. Finally, in the wake of devastating wildfires, Los Angeles homeowners are facing an uphill battle to rebuild—what does the recovery process look like, and how could it affect the broader market? Don't miss this packed episode as we dive into the biggest real estate headlines and what they mean for buyers, sellers, and agents.

This week on the tWiRE Podcast, we dive into the biggest stories shaping the real estate market. The Supreme Court has denied the National Association of Realtors' appeal in a high-stakes legal battle with the Department of Justice, leaving the industry facing increased scrutiny. Meanwhile, California wildfires are wreaking havoc on housing markets, leading to rising evictions, heightened property speculation, and executive orders aimed at addressing the crisis. Accessory Dwelling Units (ADUs) are emerging as a vital solution in Los Angeles, even as wildfires test the resilience of local housing stock. Across the country, starter homes remain frustratingly out of reach for buyers, and soaring mortgage rates—now at their highest since May—are dampening demand, despite a modest rise in home tours to start the year. In Atlanta, a federal lawsuit accuses landlords of orchestrating a rent price-fixing scheme that could be costing renters millions, raising questions about fairness in the rental market. With these headlines and more, we're breaking down the week's biggest challenges and what they mean for buyers, sellers, and investors navigating today's market.

But wait... I thought real estate was about to get better?! This week's tWiRE Podcast dives deep into the biggest real estate headlines shaping 2025. We start with NAR's latest shake-up as industry legend Sherry Chris takes on a key advisory role. The Supreme Court looms large with a potential decision on the NAR vs. DOJ case, a battle that could reshape industry regulations. Meanwhile, mortgage demand has plunged, rates have surged to their highest since July, and homebuyers are hitting pause—waiting for better conditions. On the flip side, housing affordability didn't worsen for the first time in four years, and new listings have jumped 8%, offering fresh opportunities for buyers. But with supply hitting a four-year high, many homes are sitting unsold. Will homeowners' reluctance to sell continue to lock up inventory? We'll also explore Amazon's $47K luxury tiny home (yes, it has a rooftop deck!) and check in on Europe's real estate recovery heading into 2025. Tune in for sharp insights, bold takes, and everything you need to know to stay ahead in real estate this week.

It's our biggest show of the year—our Prediction Special! We're taking a look back at last year's bold predictions to see how accurate (or hilariously wrong) they were. From NAR's optimistic forecasts of home sales surges to Goldman Sachs' predictions for price growth, we'll compare the major market forecasts to the realities of 2024. Then, we'll dive into the latest housing market predictions for 2025 from the industry's top analysts, including Zillow, CoreLogic, Fannie Mae, Freddie Mac, and more. What's the consensus on home prices, sales, and mortgage rates? Will the market crash? Is this the end of affordable housing? We'll discuss the key trends that could shape the year ahead, including: NAR's 2025 forecast of a 9% sales increase. Goldman Sachs' expectation of 4%+ home price growth. CoreLogic's take on regional price surges. Zillow's design trend predictions and market outlook. Fannie Mae and Freddie Mac's mortgage rate forecasts. Realtor.com's affordability concerns. BAM's challenges for agents in 2025. Finally, we'll make our own bold predictions for 2025, tackling questions like:   Will housing become even more unaffordable? Are we headed for a market correction or crash? Which regions will thrive, and which will struggle? Join us live at 10 PST / 1 EST for sharp analysis, lively discussion, and a fun look at what the future holds for real estate. Subscribe, hit the bell for notifications, and don't miss this year-end event!

This week, the real estate industry faces intense scrutiny and significant changes. Oren and Tal Alexander were arrested alongside their brother in Miami following sexual assault allegations, casting a shadow on their careers as prominent real estate stars. Meanwhile, Realty One Group makes headlines by allowing Phoenix-area agents to leave NAR, signaling a shift in industry affiliation. In legal news, Move's ‘fake leads' lawsuit has been transferred to federal court, while the embattled sale-leaseback platform EasyKnock has shut its doors, leaving investors and clients in the lurch. And in a surprising twist, Jason Oppenheim has been identified as the mystery broker at the center of a kickback plot. On the market front, mortgage refinance demand has surged 27% as rates dropped for the third consecutive week, and buyers are becoming more active, with house tours and mortgage applications picking up as we head into the year's final stretch. However, the Florida market is facing a looming ‘condo cliff' crisis, as fallout from the 2021 Surfside collapse prompts stricter regulations. Additionally, we'll explore what you need to know about the new Federal Flood Risk Management System, how 2024 local election results highlight voters' willingness to spend big on affordable housing, and the truth about traffic—what's driving clicks, leads, and sales in real estate marketing. Join us today at 10 PST / 1 EST for sharp analysis and unfiltered discussion. Subscribe, hit the bell for notifications, and join us live on Clubhouse to weigh in on these critical topics.

This week, we're breaking down the latest headlines shaping the housing market. Compass is making waves with its acquisition of @properties Christie's International Real Estate, signaling a bold expansion strategy. Meanwhile, a judge has approved the NAR settlement in the Sitzer/Burnett case, a decision that could reshape commission practices across the industry. Despite high mortgage rates, early-stage homebuying demand has surged to its highest level in 15 months, with contract signings and pending home sales jumping thanks to a post-election boost in home tours. Mortgage rates dipped to their lowest level in over a month, spurring a 6% increase in homebuyer mortgage demand—is the market finding its momentum? We'll also discuss how investor home purchases are leveling off after the pandemic's wild market ride, and dive into the story of a tiny home with a garage selling out on Amazon after Black Friday buzz, highlighting the growing interest in alternative housing solutions. Join us today at 10 PST / 1 EST as we break down these key trends and their implications for buyers, sellers, and agents. Subscribe, hit the bell for notifications, and join the live conversation on Clubhouse!

This week, we uncover the hottest stories shaping real estate trends across the country. Inside the National Realtors Group, reports of chauffeured cars and Broadway tickets are raising eyebrows—what does this mean for the industry's reputation? Despite higher interest rates, weekly mortgage demand ticked up, signaling renewed buyer activity. Could this be a sign of recovery? We'll also explore the growing influence of safety, climate, and affordability concerns on the housing market. 18% of home hunters are moving due to safety or crime concerns, while 14% cite climate risks. Meanwhile, for the first time in a decade, homes in areas with low natural disaster risk are rising in value faster than those in high-risk zones. In Florida, home sales are sinking amid hurricane recovery and soaring HOA and insurance costs, while U.S. home prices rose 0.5% in October, marking a full year of consistent growth. At the same time, affordability remains a crisis—nearly 25% of people earning under $50,000 have skipped meals to make housing payments. On a brighter note, existing home sales posted their biggest increase in nearly three years, and home tours and mortgage locks are bouncing back post-election. Could this be the market's turning point? We'll also take a way-too-early look at what Trump's re-election could mean for housing and why 22% of Americans are more likely to move now that the election is over, with many considering a different country or state. Finally, we dive into the phenomenon of 1 in 3 young adults still living with their parents—what does this mean for the housing market's future? Join us today at 10 PST / 1 EST for sharp insights and candid conversation. Subscribe, hit the bell for notifications, and join the live discussion on Clubhouse!

 [Audio improves at 3:02] This week's episode dives deep into the major developments shaping the housing market and the real estate industry. Compass CEO Robert Reffkin has made a bold statement, claiming Zillow could become the national MLS—is this the future of real estate? Meanwhile, Q3 earnings reports are illuminating the early impact of NAR's commission rule changes, raising questions about how these shifts will reshape agent income. Legal challenges remain front and center, as a law professor warns that an 'unconstitutional' court order could derail NAR's settlement deals on appeal. Plus, Anthony Hitt is stepping down as CEO of Engel & Völkers Americas—what's next for this luxury real estate giant? In market news, mortgage demand has stalled, and pending home sales held steady leading up to the election, despite mortgage rates hovering near 7%. Experts predict rates will remain elevated and volatile as financial markets digest the Trump presidency and its implications for the economy. Speaking of politics, we'll explore how Trump's mass deportation plan could impact immigrant workers and the housing market, and why America's toughest housing markets are trending red. On the rental side, national rents remained flat in October, but East Coast and Midwest metros are seeing sharp increases. Finally, we'll look ahead as Zillow predicts which design trends will dominate in 2025. Join us today at 10 PST / 1 EST as we break down these critical topics and their implications for buyers, sellers, and agents. Don't forget to subscribe, hit the bell for notifications, and join the live conversation on Clubhouse!

This week, we dive into the headlines dominating real estate and what they mean for agents, clients, and the market as a whole. Election anxiety is running high, and both agents and clients are feeling the tension as loose talk about housing policies impacts decision-making. A recent survey reveals that 38% of early voters say housing affordability influenced their presidential pick—what does this say about the intersection of housing and politics? In legal news, objections are piling up against NAR and HomeServices settlement deals, while a judge has granted final approval to nine commission lawsuit settlements, potentially reshaping the industry. Meanwhile, real estate commissions have surprisingly held steady, even after new rules were implemented. Plus, Ryan Serhant scored a win in court against KW Black Label in a recruitment dispute. On the market side, mortgage rates remain a hot topic. Despite a weak jobs report, they're expected to fall slightly, but buyers are still reeling—mortgage demand has dropped 11% this week, and buyers have lost $33,000 in purchasing power in just six weeks. With the average age of first-time homebuyers hitting an all-time high of 38, what does this shift mean for the market? We'll also discuss the growth of renter households, now expanding three times faster than homeowners, and why more people are turning to cash-out refinances amid financial uncertainty. Plus, with 28% of houses for sale being newly built, the lowest share in three years, how will this affect inventory challenges? Finally, we tackle the big question: What would a Trump presidency mean for housing? With policies likely to differ dramatically from the current administration, we explore the potential impacts on affordability, rates, and homeownership. Join us today at 10 PST / 1 EST for sharp analysis and candid conversation. Subscribe, hit the bell for notifications, and join us live on Clubhouse!

This week, we dive into some of the biggest stories reshaping the real estate landscape. The Council of Multiple Listing Services (CMLS) is making waves, urging NAR to maintain the controversial Clear Cooperation policy in a new letter, claiming that weakening it could harm the integrity of the housing market. However, some local associations are still pushing back, challenging the policy as unnecessary and restrictive. We'll also cover Pacific Sotheby's International Realty's recent partnership with Rechat, a move that brings cutting-edge tech to streamline agent workflows. Meanwhile, Real Brokerage's RISE announcements signal strategic growth—what will this mean for agents and clients? Despite mortgage rates rising again, pending home sales jumped 2.5% in September, marking the biggest monthly increase in over a year and a half. However, first-time buyers are still facing significant challenges with 30 renters for every home for sale in today's supply-constrained market. Home prices grew by 0.5% in September, the fastest pace since April, reflecting continued demand despite affordability pressures. As we look to 2025, new surveys highlight buyer and seller expectations and reveal that nearly a quarter of first-time buyers are delaying their purchases until after the election. Will political uncertainty drive even more market hesitation? Join us today as we break down these key developments!

This week, we explore the major shifts and controversies shaping the real estate industry. We kick things off with NAR's Clear Cooperation policy under attack—some agents claim it's giving big brokerages a competitive edge, while others say dismantling it could harm both agents and consumers. One local association is outright rejecting the policy, intensifying the debate. Meanwhile, a survey reveals that 55% of agents now see MLS value declining post-NAR settlement, raising concerns about the future of cooperation in the market. We also dive into Side's legal battle with the Alexander brothers over alleged contract breaches. On the market front, mortgage demand dropped 17% this week as rates hit their highest point since August, leaving buyers on edge. Interestingly, nearly 25% of first-time homebuyers plan to delay purchases until after the election, adding more uncertainty to an already tense market. We'll also look at a new survey showing that 42% of homeowners favor Trump for maintaining home values, while 35% believe Kamala Harris would do better. Meanwhile, renters are almost twice as likely as homeowners to say housing affordability will affect their vote—what will this mean for the upcoming election? Despite warmer-than-expected inflation, mortgage rates are unlikely to drop significantly. Yet, there's good news: Pending home sales posted their biggest jump since 2021, signaling renewed buyer activity. Join us today. Subscribe, hit the bell for notifications, and join the conversation live on Clubhouse!

On today's episode, we tackle some of the biggest stories shaking up the real estate world. NextHome CEO James Dwiggins is taking a stand, addressing critics of NAR's Clear Cooperation policy—how will his comments reshape the debate? Meanwhile, eXp Realty has agreed to a massive $34 million settlement to resolve antitrust commission lawsuits. What impact will this have on the industry?   Additionally, the commission suit against Howard Hanna and an MLS has been tossed out on its merits, providing a significant legal victory in a time of increasing scrutiny on commissions. We'll also dive into Realtor.com's new legal battle, claiming that a former editor violated federal law—what does this mean for real estate media?   As we look ahead to 2024, we explore what homebuyers are expecting from real estate agents. With the role of agents constantly evolving, what do buyers want in today's fast-changing market?   In broader housing news, nearly one-third of young adults say Hurricane Helene has influenced their decision on where to live, and September marked a major turning point for demand as pending home sales leveled off after nine months of declines. Tours hit their highest levels since April, showing a possible market revival.   However, mortgage rates have jumped following a strong jobs report, though consumer sentiment is at a 30-month high. Optimism about mortgage rates is growing, but will that translate into a housing market rebound?   Join us today as we break down these critical stories and more. Subscribe, hit the bell for notifications, and join the live discussion on Clubhouse.

In this week's episode, we dive into a whirlwind of real estate news, starting with REcolorado's big move to cut ties with Realtor organizations after being sold to a private buyer. What impact will this have on the MLS landscape? We also cover NAR's standoff over its controversial Clear Cooperation policy, as revealed by an eye-opening Inman survey. And in breaking news, NAR's Chief Legal Officer Katie Johnson is stepping down—what does this mean for the future of the organization?   A law professor is shaking things up with a contract designed specifically with buyers' interests in mind—could this change the way we negotiate home purchases? And good news for first-time buyers: buying a starter home is now cheaper than it was a year ago! Plus, we're seeing signs of market activity picking up, as mortgage demand shoots up and home tours hit their highest levels since May.   However, don't get too comfortable—mortgage rates are unlikely to drop much further, even with the Fed's upcoming rate cuts. Meanwhile, refinance demand has taken a step back after a minor bump in rates. With only 2.5% of U.S. homes changing hands this year—the lowest in decades—what does this signal for the market?   We'll also explore why newly built apartments are filling up, but at a slower pace, and why asking rents for new units have dropped 6%, their lowest since 2022. Finally, Walmart is making headlines with a groundbreaking 8,000-square-foot building for 3D printing. Could this be a game-changer for construction?    Join us for an in-depth look at these stories and more. Subscribe, hit the bell for notifications, and be part of the live discussion on Clubhouse.

This week, we're excited to be joined live by Skap, Matt, and Michele for a lively discussion on the hottest real estate headlines. We'll kick off with a debate on NAR's new consumer guides, which have sparked controversy among agents nationwide. And, Ryan Serhant's latest tech rollout, S.MPLE, promises to streamline workflows for agents—how will this new platform impact real estate professionals? In legal news, Compass CEO Robert Reffkin is making waves, claiming NAR's Clear Cooperation policy violates ethics codes and state laws. Meanwhile, Move's data-theft lawsuit against CoStar hits a major roadblock, putting a spotlight on the tensions between these two giants. We'll also unpack the Move class-action lawsuit, which is shining an uncomfortable light on the world of paid leads. On the market side, half of all home listings are now going stale, sitting unsold for 60 days or more. But there's a glimmer of hope—buying a home has just become more affordable for the first time since 2020. Could this be the beginning of a market shift? We'll also cover Fannie Mae's prediction that 2024 could be the worst year for home sales since 1995—what does this mean for buyers and sellers? And with mortgage applications rising just 1% this week, the market remains in a delicate balance. Plus, we'll dive into AI-driven real estate fraud as a South Florida man shares his near-miss experience with this emerging scam. Finally, Realtor.com's new feature promises to answer the burning question on every buyer's mind: "Is This the Best Deal on the Street?" With key insights from our special guests, this episode is one you don't want to miss. Tune in today at 10 PST / 1 EST and join the conversation live on Clubhouse!

This week, we're diving into the hottest headlines rocking the real estate world! Support for NAR's Clear Cooperation Policy is plummeting as the pressure around pocket listings intensifies. Mauricio Umansky is even threatening to sue NAR over these growing concerns, signaling a major showdown in the industry. Meanwhile, the "Portal Wars" are heating up, with $1 billion in advertising driving massive competition among real estate portals—what does this mean for buyers, sellers, and agents?   We also explore shocking allegations in a former NAR employee's amended complaint, which details claims of discrimination and sexual harassment within the organization. And in a surprising turn of events, the owner of the infamous 'Billionaire Bunker' mansion is suing their realtor for not disclosing that Jeff Bezos was the buyer—what legal ramifications could this hold?   Plus, we take a look at the latest real estate scams, including "The Wolf of West Virginia"—a TikTok scam targeting unsuspecting buyers. On the tech side, Zillow is stepping up with an AI-powered home search that could render traditional filters obsolete. How will this change the way we shop for homes?   In economic news, the Fed is poised for its first rate cut in years after a hotter-than-expected CPI report. However, is it too soon to refinance your mortgage? Mortgage rates are falling, making housing payments more affordable than they were a year ago despite higher home prices. We'll also cover the falling demand for second-home mortgages, which has hit an eight-year low, and what that signals for the luxury market.   U.S. home prices rose by 0.5% in August, the largest increase in four months, while home listings are surging by over 60% in some cities. But despite builder sentiment improving as rates fall, affordability challenges persist, with existing home and pending sales at their lowest levels since the pandemic. What does all this mean for the future of the market?   Tune in for all this and more as we break down the biggest real estate stories of the week. Subscribe, hit the bell for notifications, and join us live on Clubhouse!

This week's episode is packed with hot-button issues shaking the real estate world. Agents are filing lawsuits against Move for allegedly selling “fake leads,” raising major concerns about lead generation practices. Meanwhile, the founder of the Sitzer lawsuit has launched a new startup, charging $49 per home tour—what does this mean for buyers and agents? Homie's lawsuit against NAR and major brokerages has sparked a potential boycott of listings—how will this disrupt the industry? We also cover NAR's bold move to fight the DOJ investigation all the way to the Supreme Court, BrightMLS' decision to restrict data access, and whether we're on the verge of a national MLS. Plus, despite falling mortgage rates, home sales remain sluggish as uncertainty around the NAR settlement and the upcoming election keeps buyers on edge. Mortgage refinance demand has surged 94% from last year as interest rates continue to fall, but what's behind the increase? And with 6 out of every 7 people locked into a mortgage rate below 6%, we'll explore how the “lock-in effect” is starting to ease. On the affordability front, we break down the latest data showing that homebuyers need to earn nearly $80,000 to afford the typical U.S. starter home—just shy of an all-time high. Plus, the typical down payment has skyrocketed to a record $67,500, up 15% from a year ago. We'll also discuss the Bank of Canada's latest interest rate cut and how Florida and Texas condo supplies are piling up amid soaring HOA and insurance costs. And finally, find out which five cities have the highest rents for one-bedroom apartments. Tune in today at 10 PST / 1 EST for all these stories and more. Subscribe, hit the bell for notifications, and join us live on Clubhouse for an unfiltered discussion!

Michael Ketchmark says, “We'll be watching,” as stealth commission offers on lawns and key chains raise red flags across the industry. Meanwhile, NAR settlement class notices are heading to consumers, adding a new layer of transparency. ReAlpha's “super app” teases commission-free buyer agency—could this be the future of real estate? Plus, we'll discuss the antitrust lawsuit filed—and then withdrawn—by the Cassina Group against NAR and state Realtor associations. In leadership news, Nykia Wright has been named the permanent CEO of NAR, bringing fresh direction amid industry shifts. We'll also break down Kamala Harris' housing proposals and what her presidency could mean for the market. Home prices are ticking up, and mortgage rates have dropped to the lowest level in over a year, giving buyers a new edge. But what's behind the drop in weekly mortgage refinance demand? And why are 8.5% of U.S. homes now worth over $1 million? Don't miss out on these stories and more! Tune in today at 10 PST / 1 EST for sharp analysis, and join the conversation live on Clubhouse.

In this episode, we tackle the most pressing issues shaping the real estate landscape today. Michigan agents and brokers are taking the National Association of Realtors (NAR) to court, challenging the organization over antitrust concerns stemming from the recent commission settlement. We dive into what this lawsuit means for the industry and its potential ripple effects. Next, we explore the alarming statistic that 47% of online property inquiries are being ignored. In an era where digital engagement is critical, what does this say about the state of real estate marketing? We also introduce Zillow Group's new CEO, Jeremy Wacksman, and discuss his vision for the company amidst a rapidly changing market. Plus, we share Gary Keller's expert advice on navigating the recession and clearing up commission confusion—essential listening for agents and brokers alike. In market news, home prices continue to climb in 90% of metros, with Silicon Valley breaking the $2M ceiling. We'll discuss what's driving this growth and where the market might be headed next. On the investment front, fix-and-flip loans are going mainstream, attracting more investors into the market. What does this mean for housing availability and prices? Mortgage rates have dropped to their lowest level in over a year, prompting a surge in house tours. Could this be the sign that the housing market is heating up again? Meanwhile, the U.S. housing market is nearing a staggering $50 trillion in value, with the number of trillion-dollar metros doubling. What are the implications for buyers and sellers? For renters, there's some good news: asking rents have fallen across all bedroom counts for the first time in four years. We'll explore the factors contributing to this shift and whether it's here to stay. Additionally, we discuss the decline in the share of wood-framed homes in 2023 and what this means for construction trends moving forward. In political news, we analyze what vice presidential candidate Tim Walz, a non-homeowner, has done for affordable housing. And finally, Amazon's debut of a trio of tiny homes in response to the home affordability crisis is sparking interest—could this be a viable solution to the housing crunch? Don't miss this episode of tWiRE as we break down these critical topics and more. Tune in today at 10 PST / 1 EST. Subscribe, hit the bell for notifications, and join the conversation live on Clubhouse.

Join us for today's episode as we dive into the hottest real estate headlines. Zillow Gone Wild is facing a $300K copyright infringement suit from a real estate photographer, which could shake up the way property photos are used online. Consumer watchdogs are advising buyers to pay agents '2% or less' amidst shifting commission rates, with the typical buyer's agent now earning 2.55% in commission—a decline since the NAR settlement announcement in March. With the big August 17 deadline approaching, the NAR settlement remains confusing for many, but NAR has rolled out resources to help sellers and buyers navigate these changes. In the past year, 10% of agents have switched brokerages, highlighting industry volatility. Meanwhile, America's renter population is growing three times faster than its homeowner population due to rising homebuying costs. Despite lower mortgage rates, pending sales have posted the biggest year-over-year decline in nine months, indicating buyer hesitation. Mortgage rates have plunged to their lowest level in over a year following a weak employment report, spurring a 16% surge in weekly mortgage refinance demand and giving homebuyers nearly $30,000 in extra purchasing power over the past month. In a surprising twist, nearly 25% of Gen Z house hunters are willing to sacrifice safety to afford a home, according to a Redfin survey. Additionally, thousands more people are moving into fire- and flood-prone areas, driven by migration to states like Texas and Florida. Tune in today at 10 PST / 1 EST for a deep dive into these stories and more. Subscribe, hit the bell for notifications, and join us live on Clubhouse to share your thoughts and be part of the conversation.

Join us for today's episode as we dive into the latest and most critical real estate headlines. Over 10 million home sellers are being targeted in a massive class-action media blitz. We'll discuss what this means for the industry and those involved. EXP Realty has made a bold move by halting broker-to-broker compensation, but with some notable caveats—what's the real story? CRMLS is also in the spotlight for removing key concessions details, impacting transparency in listings. The prospective new owner of REcolorado has received a positive response, signaling potential changes ahead. Redfin's CEO describes the housing market as being in a 'funk,' with homebuyers hesitant due to election uncertainties. Are million-dollar starter homes becoming the new norm? We'll examine this growing trend. Homeowners insurance premiums surged 21% last year, with experts attributing part of the increase to climate change. High housing costs are reaching record levels, as reported by Harvard University, while luxury home prices have spiked 9% to an all-time high. In economic news, the first Fed interest rate cut in years may be on the horizon—what should homeowners and buyers expect? The Minneapolis Fed suggests that optimal inflation policy should largely ignore housing, sparking debate among economists. Despite these challenges, the typical homebuyer's monthly payment has dropped to its lowest level in four months, signaling improved affordability. Finally, we'll discuss the growing trend of investor regret as real estate purchases hit their lowest point in two years. Tune in today for all these insights and more. 

This Week in Real Estate, we will talk about CoStar Group's Q2 revenue surged with $55M from Homes.com bookings—what's driving this growth? We'll untangle the proposed NAR settlement and its ripple effects on appraisals and agent data transparency. Colorado officials just said no to mandatory buyer agreements; we'll explore what this means for consumers & the settlement. With mortgage rates dipping, typical monthly housing payments are down, but why are house hunters still waiting? Home prices are climbing at their slowest pace since early 2023, yet the median sales price for existing homes just hit a record high. What's causing this paradox? Summer's seeing a record number of buyers backing out of deals, and nearly two-thirds of listings are stagnating on the market. We'll discuss the latest trends and strategies. Plus, mortgage demand is plummeting as buyers hold out for better rates, and Biden's rent cap plan is stirring up controversy among housing groups. Catch all this and more, today!

Join us on this week's podcast as we dive into the latest real estate headlines making waves across the nation! We'll discuss the DOJ's reopening of its investigation into the National Association of Realtors and the new criteria released by the Consumer Watchdog CFA for evaluating home buyer contract forms. In swing states, the typical homebuyer's monthly payment has nearly doubled since the last presidential election. Home-sale prices have hit record highs for the ninth straight week, but with rising supply and slow demand, we might see a cooling effect soon. San Francisco's downtown has become a 'ghost town,' according to a mayoral candidate, who calls for its revival. We'll also explain the housing market using six insightful charts, and talk about how falling mortgage rates and rising supply are creating opportunities for homebuyers this summer, even amidst record-high prices. Mortgage refinance demand has surged to a two-year high as interest rates drop, yet high rates continue to hold back builder confidence. June marked the highest yearly increase in building material prices since February 2023, adding another layer of complexity to the market. Additionally, we'll cover President Biden's plan to cap rents at 5%, which some argue would deter production and harm affordability. Finally, we'll reveal America's 10 best states for buying and selling a home in 2024, with a surprising caveat at the top spot.

What in the world is happening? This doesn't make any sense! SUPPLY is up AND home PRICES are up?? How does this happen? Join us this week on the podcast as we unpack the latest real estate headlines that are making waves! Discover the buyer behind REcolorado as legal battles and questions continue to swirl. We'll delve into the recent censure of CoStar over claims in their Homes.com ads and celebrate Real Brokerage marking its 10th anniversary with a significant milestone. We'll also discuss the lawsuit from Realtor.com's parent company Move, accusing CoStar of stealing trade secrets. Are there really too many homes for sale? We'll explore why that's not quite the case, even as housing prices rise amidst increasing supply. Learn why permits to build U.S. apartments have dropped nearly 30% since the pandemic and how the share of smaller home lots has reached a new high. Discover new homebuyer opportunities emerging in the market and get the latest on framing lumber prices. Plus, we'll talk about why the pool party might be over as Americans pull back on backyard upgrades and why San Francisco's office vacancies are hitting all-time highs despite the AI boom in Silicon Valley. Subscribe to stay updated with the latest in real estate news and trends!

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

On today's podcast,

The news has been shouting it from the rooftops but are they flat wrong? Will home prices decrease because real estate fees are going down? ARE real estate fees going down?? Plus we talk about the fall out from Friday's settlement announcement that has Compass paying over $500M because a deal "negotiated" on their behalf and Home Services holding the $4 billion dollar bag!! And then we will dive in to some economic news. The FED will meet today and we are reading the tea leaves of this announcement to find out if the rate drop will be pushed from late summer to the end of the year. Builder sentiment is up and we will talk about why and it looks like we have MORE inventory hitting the market!! This is great news for home buyers.