Podcasts about Toll Brothers

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about housing's AI problem. Related to this episode: Does housing have an AI problem? HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ HousingWire Mortgage Banking Summit – October 1 More info about HousingWire Top 5 Trending: Why the 2026 mortgage layoff cycle looks different  Does housing have an AI problem? Keep the momentum going with the AI Summit Playbook  Is Zillow having its AOL moment? Toll Brothers luxury moat meets a tougher market test Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

One day after the 30-year yield hit fresh 2007 highs — and stocks extended their daily losing streak to three — Carl Quintanilla, Jim Cramer and David Faber led off the show with yields falling after the Treasury Department announced it would at least double the size of its government debt repurchases. The anchors delved into all things AI — from OpenAI reportedly lagging behind Anthropic on revenue growth, to midterm elections being impacted by the backlash against data centers. Moderna shares doubled and Merck shares rose sharply on late-stage trial results involving the companies' melanoma vaccine. Also in focus: Why Marvell shares surged; Toll Brothers beats; Reaction to retail earnings from the likes of Target, Lowe's and TJX.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets turn skittish as rising Treasury yields and oil prices challenge investors' willingness to chase stocks near record highs. Priya Misra of JPMorgan Asset Management breaks down the bond market selloff and what's driving the move. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, explains what higher yields mean for equities and whether the market can continue to climb. Technician Jonathan Krinsky of BTIG argues it may be time to pare back risk. He breaks down the technical picture and weighs opportunities in financials and energy as market leadership shifts. Plus, Toll Brothers earnings with John Lovallo of UBS. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über die Drohnen-Volte des Donald Trump, die erdrückende Passiv-Dominanz und unglaubliche Anthropic-Prognosen. Außerdem geht es um Unusual Machines, Red Cat Holdings, Kratos Defense & Security Solutions, AeroVironment, Swarmer, ACSL, Parrot, Draganfly, Palantir Technologies, Cloudflare, Berkshire Hathaway, Alphabet, Apple, American Express, Walmart, Target, TJX Companies, Ross Stores, Home Depot, Lowe's, Toll Brothers, Analog Devices, Keysight Technologies, Deere & Company, Alibaba, Baidu, Pony AI, Xiaomi, Bavarian Nordic, Klarna Group, Lang & Schwarz, Tonies, CTS Eventim, Heidelberger Druckmaschinen, Fabrinet, Geely Automobile Holdings, Reddit, SanDisk, Micron Technology, Bloom Energy, Taiwan Semiconductor Manufacturing (TSMC), Nebius Group, Goldman Sachs, D.R. Horton, Delta Air Lines, Lennar, Constellation Brands, Nvidia, Amazon, Electronic Arts, FedEx Freight, Vista Energy, Porsche AG, Goldman Sachs Hedge Industry VIP ETF (WKN: A2DWAV). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Anzeige: Diese Folge enthält Werbung für Smartbroker+. Depot eröffnen, 30 € ETF als Bonus sichern und aus tausenden ETFs wählen. Smartbroker+ macht Investieren einfach. Alle Informationen gibt es unter: https://get.smartbrokerplus.de/triple-aaa-podcast2/ Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

How many days do you need to win to have a winning week?Four out of seven. A week works like a seven-game series — you don't need a perfect week, you need four days where you did what you said you'd do. Most people lose the week by treating one bad Monday as a verdict instead of information.Why do homebuilders offer bigger incentives at the end of July?Because some builders run a fiscal year ending October 31, which closes their third quarter on July 31. Toll Brothers is on that calendar. Quarter-end creates negotiation pressure that doesn't exist mid-quarter.Do builders lower the price at quarter-end?Usually no. They give value everywhere except the price — rate buydowns, design center credits, closing cost help, HOA dues covered. Those don't reduce the recorded sale price, so the neighborhood comps stay intact.What should a buyer ask a builder for instead of a discount?A rate buydown, closing cost credits (as high as $30,000 on standing inventory with the builder's lender), design center credits of $5,000–$15,000, and HOA dues covered for 30–60 days.What is the Las Vegas median home price right now?June 2026 closed at a $490,000 median for existing single-family homes — flat month-over-month, up about 1% year-over-year, on 2,302 closings. July has run softer, near $479,000.

Citigroup sees Toll Brothers (TOL) outperforming in a K-shaped housing recovery, with the firm issuing an upgrade for the company. Rick Ducat shows that Toll Brothers has outperformed its peers and breaks down the volatile trading action seen in recent weeks. He then offers an example options trade for the homebuilder stock. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Carl Quintanilla, Jim Cramer and David Faber discussed what to expect from Nvidia's quarterly results due out after Wednesday's close of trading. The anchors reacted to highlights from Andrew Ross Sorkin's wide-ranging CNBC Exclusive interview with Jeff Bezos at Blue Origin Rocket Park. Retail and the consumer in focus: Target, Lowe's and TJX all posting better-than-expected quarterly results. See how one of the three companies saw its stock take a hit in reaction to earnings call comments. Also in focus: The 30-year yield hovering around 2007 highs, Intuit layoffs, software vs. chips, what Anthropic CEO Dario Amodei told Oprah Winfrey about the AI buildout race, Toll Brothers shares jump on the homebuilders' earnings.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ahead of Nvidia's (NVDA) earnings after the close, Diane King Hall breaks down Wednesday morning's biggest market movers. She highlights Cava's (CAVA) strong traffic growth, Lowe's (LOW) earnings beat and resilient home services demand, and Toll Brothers' (TOL) continued strength in luxury home building.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Die Wall Street startet nach drei schwachen Handelstagen fester in die Wochenmitte. Vor allem der KI-lastige Tech-Sektor sind vor den heute Abend anstehenden Nvidia Zahlen gefragt. Die Hoffnung ist groß, dass Nvidia mit erneut starken Ergebnissen die zuletzt angeschlagene Stimmung im Halbleitersektor stabilisieren kann. Die Renditen der zehnjährigen US-Staatsanleihen bleiben mit 4,63 Prozent allerdings hoch und signalisiert weiter Inflations- und Zinssorgen, auch wenn die Ölpreise heute leicht nachgibt. Bei den Quartalszahlen dominieren starke Ergebnisse aus dem Einzelhandel. Target schlägt die Erwartungen bei Umsatz, Gewinn und Margen teils deutlich und hebt die Jahresprognose leicht an. Wie Home Depot am Vortrag, meldet der Baumarkt-Riese Lowe's solide Zahlen und bestätigt den Ausblick trotz des schwierigen Häusermarktes, während VF Corp. mit überraschend starken Margen und einer Rückkehr zu Wachstum überzeugt. Toll Brothers profitiert weiter von der robusten Nachfrage im Luxus-Immobilienmarkt und hebt zudem die Prognosen an. Gestern Abend hat auch Cava mit starken Umsätzen, steigender Kundenfrequenz und einem angehobenen Ausblick überzeugt. Das heutige Closing steht ganz im Zeichen von Nvidia. Die Wall Street erwartet ein Umsatzwachstum von fast 80 Prozent auf rund 79 Milliarden US-Dollar, getragen vom anhaltenden Boom bei KI-Rechenzentren. Gleichzeitig wächst aber auch die Sorge über zunehmenden Wettbewerb durch Google und Amazon sowie über die Nachhaltigkeit der hohen KI Investitionen. Abonniere den Podcast, um keine Folge zu verpassen! ____ Folge uns, um auf dem Laufenden zu bleiben: • X: http://fal.cn/SQtwitter • LinkedIn: http://fal.cn/SQlinkedin • Instagram: http://fal.cn/SQInstagram

Die Wall Street startet nach drei schwachen Handelstagen fester in die Wochenmitte. Vor allem der KI-lastige Tech-Sektor sind vor den heute Abend anstehenden Nvidia Zahlen gefragt. Die Hoffnung ist groß, dass Nvidia mit erneut starken Ergebnissen die zuletzt angeschlagene Stimmung im Halbleitersektor stabilisieren kann. Die Renditen der zehnjährigen US-Staatsanleihen bleiben mit 4,63 Prozent allerdings hoch und signalisiert weiter Inflations- und Zinssorgen, auch wenn die Ölpreise heute leicht nachgibt. Bei den Quartalszahlen dominieren starke Ergebnisse aus dem Einzelhandel. Target schlägt die Erwartungen bei Umsatz, Gewinn und Margen teils deutlich und hebt die Jahresprognose leicht an. Wie Home Depot am Vortrag, meldet der Baumarkt-Riese Lowe's solide Zahlen und bestätigt den Ausblick trotz des schwierigen Häusermarktes, während VF Corp. mit überraschend starken Margen und einer Rückkehr zu Wachstum überzeugt. Toll Brothers profitiert weiter von der robusten Nachfrage im Luxus-Immobilienmarkt und hebt zudem die Prognosen an. Gestern Abend hat auch Cava mit starken Umsätzen, steigender Kundenfrequenz und einem angehobenen Ausblick überzeugt. Das heutige Closing steht ganz im Zeichen von Nvidia. Die Wall Street erwartet ein Umsatzwachstum von fast 80 Prozent auf rund 79 Milliarden US-Dollar, getragen vom anhaltenden Boom bei KI-Rechenzentren. Gleichzeitig wächst aber auch die Sorge über zunehmenden Wettbewerb durch Google und Amazon sowie über die Nachhaltigkeit der hohen KI Investitionen. Ein Podcast - featured by Handelsblatt. ► Erhalte einen exklusiven 15% Rabatt auf Saily eSIM Datentarife! Lade die Saily-App herunter und benutze den Code wallstreet beim Bezahlen: https://saily.com/wallstreet * ► Entdecke den exklusiven NordVPN Deal! Jetzt risikofrei testen mit einer 30-Tage-Geld-zurück-Garantie: https://nordvpn.com/wallstreet * ► Direkt an der Börse handeln mit tradegate.direct: https://bit.ly/wallstreet_april * +++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/wallstreet_podcast +++ ► Mehr Einblicke: https://bit.ly/360wallstreetpc * Impressum: https://www.360wallstreet.de/impressum *Werbung

En el episodio de hoy de VG Daily, Andre Dos Santos y Valentina Orduz repasan una semana que arranca cargada: las amenazas de Trump contra Irán durante el fin de semana, el ataque con drones a la planta nuclear de Barakah en los Emiratos, y la reunión del martes en el Situation Room donde la administración evalúa opciones militares sobre la mesa.En el frente corporativo, se analiza la fusión all-stock entre NextEra Energy y Dominion Energy, un deal valuado en aproximadamente 66 mil millones de dólares que crearía la mayor utility de Estados Unidos con una base de clientes combinada de diez millones de cuentas y capacidad instalada de 110 gigawatts. En el bloque corporativo de la semana, se anticipan los reportes de Home Depot, Target, Lowe's y Toll Brothers el martes y miércoles; Nvidia after market el miércoles como evento central del ciclo capex de inteligencia artificial; Walmart, Zoom, Workday y Ralph Lauren el jueves; y Booz Allen Hamilton y BJ's Wholesale el viernes.

Send us Fan MailYour buyer signs the contract at the highest emotional moment of the entire journey. And then... nothing. For 45 to 65 days, most builders go quiet. No call. No check-in. No one reaching out. By the time the pre-construction meeting rolls around, all that momentum is gone.That gap is exactly what this episode is about.Jeremiah Gore has spent 25 years in homebuilding — starting at Toll Brothers and working his way through sales, operations, land acquisition, and all the way to division president. Today he runs Crossroads Coaching and partners with Impact 88 to train the people most builders never invest in: project managers, construction teams, and anyone who touches the buyer after the sale is made.In this conversation, Jeremiah and I get into the moments that matter most — and the ones where builders consistently lose ground without realizing it.What we cover:- Why the handoff from sales to construction is where most builder relationships fall apart- The rollercoaster analogy: how to ride the momentum instead of letting it crash- Why project managers need training just as much as your sales team — and the 100% retention rate Jeremiah sees when builders finally invest in it- The DISC framework as a quick cheat sheet for reading your buyer and adjusting your communication on the fly- How proactive communication (not reactive) is what actually builds trust — and how technology makes it scalable- The ice cream story. Yes, you need to hear the ice cream story.- Peak end theory: why the close matters just as much as the open, and what happens to your referral rates when you get it rightThis one is for sales managers, OSCs, project managers, and any builder leader who wants to understand why "we build homes" is the wrong mindset — and what to say instead.Guest links:Jeremiah Gore on LinkedIn: linkedin.com/in/jeremiahgoreInstagram: @jeremiahgore1999Crossroads Coaching: choosecrossroads.comImpact 88: impacteightyeight.com

PCE and inflation trends – single day concern Earnings Season – Goldman, JPM Eco Reports of historic proportion Feds looking at Private Credit holdings at banks PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Walking back - Waffling and Extensions --- Blockade - not really - Market Immunity - Jesus.ai - Reading Retreats (The New Silent Disco?) Markets - PCE and inflation trends - single day concern - PPI revised - Earnings Season - Goldman, JPM - Historic Eco Report - Feds looking at Private Credit holdings at banks CONGRATS RORY! - back-to-Back Masters Champ - Over $250M in tour winnings Market Update - Great week for markets as Operation obliteration is postponed - - Weekend concerns and opening in the RED Monday as we get clarification - Markets somewhat immune? Looking past? - FWIW: Not much is moving thought the Straight....But who cares! ----- Markets made back all of the losses from the War! Nothing to worry about... Historic! - As of this month, we have officially hit a new historical floor. - The preliminary University of Michigan Consumer Sentiment reading for April 2026 came in at 47.6, which is the lowest recorded value in the survey's 70-plus-year history. Consumer Sentiment Fed Looking - The Federal Reserve is asking major US banks for details about their exposure to private credit due to a surge in redemptions and a rise in troubled loans in the industry. - The Fed's queries are intended to assess the level of stress in the private credit industry and the potential for it to spill over to the wider financial system. - The Treasury Department is also questioning the insurance industry about exposures to private credit, as part of a broader regulatory push to get a handle on the scale of the strains in the $1.8 trillion private credit industry. ECO - PPI - PPI: Rose 0.5% month-over-month in March, well below the 1.2% consensus expectation -  Follows a downwardly revised 0.5% increase in February (from 0.7%) Core PPI (excluding food and energy): - Increased 0.1% in March, below the 0.4% consensus expectation - Follows a downwardly revised 0.3% increase in February (from 0.5%) --- Market talk: -- -  Final demand services were unchanged, giving markets room to look through the energy-driven spike as likely temporary Meanwhile... - Dow Inc. and Exxon Mobil Corp. are among the companies boosting prices for plastics as the sector grapples with supply shocks from the US-Israeli war on Iran. - The company said Monday that it will raise prices for North American buyers of polyethylene resins — common plastics found in packaging, films and containers — through at least May, according to a document viewed by Bloomberg. - That increase includes a 30-cent-per-pound boost for April and plans for another 20-cent-per-pound hike next month, according to the notice. Blockade - President Donald Trump said the US will begin a full naval blockade of the Strait of Hormuz and threatened to retaliate in the event of Iranian resistance. -The US and Iran failed to reach a deal in direct talks in Pakistan due to differences over the nuclear issue, according to Trump. --- At first, it was a FULL blockade - then another walk-back (or is this just politics vs reality?) - The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, according to US Central Command. Goldman Earnings - Reports Q1 (Mar) earnings of $17.55 per share, $1.08 better than the FactSet Consensus of $16.47; revenues rose 14.4% year/year to $17.23 bln vs the $16.99 bln FactSet Consensus. - Net revenues in Fixed Income, Currency and Commodities were $4.01 billion, 10% lower than the first quarter of 2025, reflecting lower net revenues in FICC intermediation, due to significantly lower net revenues in interest rate products and mortgages and lower net revenues in credit products, partially offset by significantly higher net revenues in commodities and currencies. - Provisions for the first quarter of 2025 primarily reflected net provisions related to the credit card portfolio, which was transferred to held for sale in the fourth quarter of 2025. --- Goldman is cleaning up and selling off some of the credit card portfolio (Apple Card) ---- We discussed that analysts had been raising guidance for companies into the print. GS rallied 16% since March - so maybe just sell-the-news event Stocks: Earnings - Goldman Sachs downgraded Best Buy to a sell, and the stock dropped about 4% on the news. --- Goldman's view is that while Best Buy should get a short?term boost in the first quarter—helped by people pulling forward PC purchases and getting bigger tax refunds—that strength may not last. --------According to the analysts, once higher memory costs start working their way into laptop and computer prices, sales could come under pressure after Q1. Blackrock Call - Asset management giant BlackRock has raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop. - With earnings season just getting underway, S&P 500 companies are expected to post a collective 12.6% profit increase for the first quarter. - But do we care what Blackrock says? Long only shop with $14T in ETFs Stocks: Monday/Tuesday -----Cruise line stocks were under pressure as higher energy costs and renewed concerns about demand came back into focus. Carnival dropped about 4%, Norwegian Cruise Line was down roughly 3%, and Royal Caribbean slid more than 2%. -----Airlines moved lower for similar reasons. Rising jet fuel prices and softer demand expectations weighed on the group, with United Airlines falling more than 2.5%, while Southwest and Delta both declined around 2%. --Tuesday - Follow through getting us at/above pre-war levels Stocks: Mattress Consolidation: - Leggett & Platt jumped about 9% after announcing it will be acquired by Somnigroup International, a bedding manufacturer. The deal is an all-stock transaction valued at roughly $2.5 billion, and it's expected to close by the end of 2026. ----Mattress Monopoly Now? Adding to  - Tempur Sealy, Mattress Firm, Dreams Stocks - Upgrades - Toll Brothers, Pultegroup — Shares of both stocks rose more than 1% after Evercore ISI upgraded the two homebuilders to outperform. - - The investment firm said it's time to buy the dip in the companies, believing the bad news is already priced in and that both Toll Brothers and Pultegroup could manage macroeconomic headwinds better than some of their peers. Pope Leo - WEAK on crime and terrible for Foreign Policy say President Trump -- Is the Pope involved in criminal /  police issues ? Jesus Update - Aside from the Jesus imagery with Trump as Jesus this weekend (Trust social post - then deleted) - At $1.99 per minute, the tech company Just Like Me is taking that concept to talk to Jesus to a new level. -----Users of the platform can join video calls with an avatar of Jesus generated by artificial intelligence. ------- Like other religious AI tools on the market, it offers words of prayer and encouragement in various languages. ----------With the occasional glitch, it remembers previous conversations and speaks through not-quite-synced lips. Reading Retreats - What it is: Paid reading retreats where people travel to quiet, upscale settings to read their own books—mostly in silence—alongside strangers. - The price: Typically $1,000+ for a long weekend, often selling out months in advance. - Why it works: People are burned out by screens and distractions and are paying for structure, silence, and protected time to focus. - Social without pressure: It offers light community—being alone together—without forced conversation or networking. - Cultural tailwinds: Fueled by BookTok, wellness travel, and nostalgia for slower, analog experiences, turning reading into a premium lifestyle activity. Of Interest - Delta Air Lines said Wednesday it will “meaningfully reduce” its capacity growth plans in the near term. AFTER BULLISH COMMENTS DAYS EARLIER - Delta joined United and JetBlue in hiking its checked bag fees this week as jet fuel costs surge. PRICE WILL NEVER COME DOWN - Delta said its fuel bill will be $2 billion higher this quarter because of the spike in costs. - The carrier also reported first-quarter earnings that beat analysts' expectations. BY THE WAY>>>>> JAYNA - AKA China - China's factory?gate prices rose 0.5%, the first increase in more than three years. -  Consumer prices increased 1% year over year in March, falling short of economists' expectations. - Gasoline prices jumped 11.1% from the prior month, even as Beijing tried to limit fuel price increases. - Economists warn the spike in input costs could lead to “bad inflation,” putting added pressure on manufacturers that are already operating with thin margins. Health Breakthrough - Revolution Medicines said its pancreatic cancer drug daraxonrasib succeeded in a Phase 3 trial. - RevMed said its drug almost doubled the typical length of survival and slashed the risk of death by 60% versus chemotherapy. - The company said it will soon seek FDA approval using a Commissioner's National Priority Voucher, which grants a quicker review. - It is a small?molecule oral oncology drug, taken as a daily pill, not chemotherapy or immunotherapy. - Stock up nicely on the news... China PPI - China's factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices as the Iran war upended global energy markets. - The producer price index grew 0.5% from a year earlier, the first growth since September 2022, ending the longest deflationary streak in decades. For the first quarter, the PPI fell 0.6% year on year. China PPI and CPI Intel - Intel's stock had a ninth straight winning day on Monday, up 58% over that stretch. - Shares of the semiconductor company are soaring after a series of announcements and major partnerships with Google and Elon Musk. - CPUs are seeing a resurgence as agentic artificial intelligence continues to gain traction.   Love the Show? Then how about a Donation? THE CLOSEST TO THE PIN for NETGEAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

The Toll Brothers Design Studio is transforming the homebuying journey with a personalized, guided approach to home design. Through curated selections, expert insight and innovative technology, clients can move through the process with clarity and confidence. In this episode of Atlanta Real Estate Forum Radio, Design Studio Manager Angelique Foster joins Host Carol Morgan to discuss how Toll Brothers simplifies the design studio experience while helping buyers create timeless, high-quality homes. What Happens in a Home Design Studio After You Sign a Contract After signing a contract, homeowners enter a carefully structured, multi-step journey guided by experienced design professionals. Early in the process, designers reach out to learn each client's preferences, lifestyle needs and wish lists, setting the stage for personalized in-person appointments. Selections are made in thoughtful phases, rather than all at once, making the experience both manageable and enjoyable for homebuyers. Foster emphasizes that true luxury in home design is defined not by excess, but by quality, thoughtful curation and a seamless, engaging experience. Foster said, “We have a lot of options, but they are curated to make sure it doesn’t feel overwhelming.” How Design Technology Helps Homebuyers Visualize Their Selections Technology plays an increasingly important role in the home design process. Toll Brothers offers a visualizer tool that allows buyers to explore design combinations before visiting the studio. From cabinets and countertops to flooring and plumbing fixtures, buyers can select what they like and apply those items to a home scene. This tool helps narrow choices, reduce design fatigue and give buyers confidence before finalizing selections in person with physical samples. How to Design a Home for Long-Term Value & Resale A well-designed home is not only beautiful—it also holds its value over time. By guiding buyers toward enduring styles rather than short-lived trends, the Toll Brothers Design Studio helps homeowners avoid choices that may quickly feel dated. Foster said, “When you design a good home and the foundation is classic and timeless, that translates into long-term value.” Top Luxury Home Design Trends for 2026 Today's home design trends reflect a shift toward warmth and comfort. Natural wood finishes, balanced midtone hardwood flooring and integrated smart home technology are gaining traction, creating spaces that feel modern yet timeless. Foster said, “We're getting more of that warm tone instead of the cools.” Why the Design Studio Experience Matters in Atlanta's Housing Market In a competitive market like Atlanta, the design studio experience is a major differentiator for builders. Toll Brothers stands out for its structured process, expert team and personalized approach. For homebuyers and the agents guiding them, this level of support adds confidence and value throughout the building journey. The Future of Luxury Home Design: Personalization & Smart Technology Looking ahead, Foster anticipates that luxury home design will continue to center on personalization, with technology playing an even larger role. As innovation advances, tools like design visualizers and home automation will further enhance the ability to create highly customized, future-ready homes. To learn more about the Toll Brothers Design Studio process and explore available communities, visit TollBrothers.com or connect with a local sales team. About Toll Brothers Toll Brothers, Inc., a Fortune 500 company, is a leading builder of luxury homes. Founded in 1967 and publicly traded since 1986 on the New York Stock Exchange under the symbol “TOL,” the company serves first-time, move-up, empty-nester, active-adult, second-home buyers and urban and suburban renters in over 60 markets across 24 states. Podcast Thanks Thank you to Denim Marketing for sponsoring Atlanta Real Estate Forum Radio. Known as a trendsetter, Denim Marketing has been blogging since 2006 and podcasting since 2011. Contact them when you need quality, original content for social media, public relations, blogging, email marketing and promotions. A comfortable fit for companies of all shapes and sizes, Denim Marketing understands marketing strategies are not one-size-fits-all. The agency works with your company to create a perfectly tailored marketing strategy that will suit your needs and niche. Try Denim Marketing on for size by calling 770-383-3360 or by visiting www.DenimMarketing.com. About Atlanta Real Estate Forum Radio Atlanta Real Estate Forum Radio, presented by Denim Marketing, highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact Denim Marketing at 770-383-3360 or fill out the Atlanta Real Estate Forum contact form. Subscribe to the Atlanta Real Estate Forum Radio podcast on iTunes, and if you like this week's show, be sure to rate it. Atlanta Real Estate Forum Radio was recently honored on FeedSpot's Top 100 Atlanta Podcasts, ranking 16th overall and number one out of all ranked real estate podcasts. The post Inside Toll Brothers' Personalized Design Studio Experience appeared first on Atlanta Real Estate Forum.

A lot has happened this winter in Massachusetts golf — and we're breaking it all down in one place. From surprise sales to solar field conversions, here's everything you need to know before the 2026 season tees off.Courses discussed:- Whaling City Golf Course (New Bedford) – Charter Development is moving in, shrinking the course to 9 holes during construction, with an $8–10M rebuild planned — possibly into the 2030s- Easton Country Club – Saved from a Toll Brothers housing deal, Stonehill College has purchased the course and is launching a Division I men's golf team- Cape Cod Country Club (Falmouth) – Surprise news: the course will remain OPEN for the full 2026 season despite a pending solar energy deal with Pure Sky Energy- Stow Acres – North Course is now 9 holes; South Course rerouted; new heated outdoor driving range open all winter; celebrating 100 years as the first Black-owned country club in America- Maple Gate Country Club – Officially sold and closing to become a solar field- Shining Rock Golf Club – Acquired by Alliance Golf (Connecticut), who also owns Red Tail in MA- Leo J. Martin Golf Course (Weston) – Closed for ALL of 2026 for a $5M state-funded renovation, with architect Mark Mungeam leading the work- Cotuit Highground – Sold to Barnstable Land Trust; future as a golf course uncertain beyond 3–5 years- Lakeville Country Club – Early-stage proposal to convert to a 55+ community with 9 holes and a driving range- Chequessett Club (Wellfleet) – Closed for 2 years due to the Herring River Restoration Project; set to reopen in 2028 with improvements- Yale Golf Course (Connecticut) – Reopening late April 2026 after a major Gil Hanse renovation; public green fees from $150–$350___Subscribe to the Bay State Golf newsletter (free every Friday) for weekly Massachusetts golf updates. Paid subscribers get bonus content + a digital book reviewing 168 MA golf courses.https://baystategolf.beehiiv.com/Save Cape Cod Country Club shirts available at BayStateGolf.com — proceeds support the Save Historic Cape Cod Country Club group.https://www.baystategolf.com/shopGALWAY BAY:Galway Bay Homepage: https://galwaybayapparel.pxf.io/aOEWyWChino: https://galwaybayapparel.pxf.io/194W6RRockbarton: https://galwaybayapparel.pxf.io/Z6gy2qTully: https://galwaybayapparel.pxf.io/o4ryAb---Chapters:0:00 – Intro0:27 – Whaling City Golf Course4:20 – Easton Country Club / Stonehill College6:19 – Cape Cod Country Club9:42 – Stow Acres10:58 – Maple Gate Country Club11:53 – Shining Rock Golf Club13:04 – Leo J. Martin Golf Course15:27 – Cotuit Highground17:49 – Lakeville Country Club19:05 – Chequessett Club20:47 – Yale Golf CourseLINKS:Watch on YouTubeSubscribe to the Newsletter Baystate Golf on IGSeanMeliaGolf on TwitterBaystateGolf.com

This week, we're featuring an episode of What's News in Earnings where we dig into companies' earnings reports and analyst calls to find out what's going on under the hood of the American economy. Financial results from homebuilders PulteGroup, D.R. Horton and Toll Brothers give investors a peek at the forces shaping housing markets across the country ahead of the all-important spring selling season. Wall Street Journal national housing reporter Nicole Friedman discusses insights into affordability and regional differences. Veronica Dagher hosts this special bonus episode of What's News in Earnings.  Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bonus Episode for Feb. 20. Financial results from homebuilders PulteGroup, D.R. Horton and Toll Brothers give investors a peek at the forces shaping housing markets across the country ahead of the all-important spring selling season. Wall Street Journal national housing reporter Nicole Friedman discusses insights into affordability and regional differences. Veronica Dagher hosts this special bonus episode of What's News in Earnings, where we dig into companies' earnings reports and analyst calls to find out what's going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Erin Sykes and Alex Barron dissect Toll Brothers (TOL) earnings, with the stock falling after the report. Alex argues the valuation is near historical highs, “in some ways discounting a lot of good news going forward.” However, he thinks they had a great quarter overall. Erin says Toll Brothers benefits from being a luxury homebuilder, noting that the $20M+ market where she's based is “going gangbusters” vs the rest of the sector. She expects a more stable housing market going forward.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Kevin Horner's Technical Tuesday charts cover the S&P 500 (SPX), Toll Brothers (TOL), and Tidewater (TDW). For the SPX, he says we are not ready to “bust through” 7,000; the index is rangebound, and a breakout either way will tell investors a lot about what's next. Tidewater has a longer-term pattern shift happening as it hits 52-week highs and thinks it could be setting up a new push higher. Toll Brothers has a “wonderful” move in today's trading and appears to have broken a cup and handle pattern. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Is buying new construction in the Bay Area actually safer — or quietly riskier than most buyers realize?Join Spencer Hsu, a top 1% Bay Area real estate agent, as he breaks down what most buyers never hear about new construction — and why choosing the wrong builder can cost far more than just upgrades or delays.New homes promise modern design, energy efficiency, fewer bidding wars, and less maintenance. But in a market where brand-new homes regularly exceed $1–3M, not all builders deliver the same quality, transparency, or long-term value. Some excel in craftsmanship and post-close support. Others cut corners, oversell timelines, or leave buyers navigating warranty issues after move-in.In this video, Spencer ranks the most active Bay Area builders based on real client experiences, inspection results, build quality, long-term durability, and post-closing service — not marketing brochures.

David Faber, Jim Cramer and Carl Quintanilla led off the show with the latest on Paramount Skydance's hostile bid for Warner Bros. Discovery — plus reaction from Netflix in wake of the streaming giant's deal to acquire Warner Bros. assets. The anchors discussed President Trump's decision to allow Nvidia to sell its H200 chips to China — and what it means for the AI trade. Also in focus: OpenAI CEO Sam Altman's message to Jimmy Fallon on NBC's "The Tonight Show" about AI fears, What Walmart CEO Doug McMillon told CNBC about the state of the consumer, Home Depot falls on 2026 outlook, Fed rate decision one day away, PepsiCo and activism, Toll Brothers' earnings beat. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast's planned spinoff of Versant. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Diane King Hall talks about Toll Brothers' (TOL) cautious outlook for 2026 adding pressure to its mixed earnings. She offers her take on what it means for the homebuilder space. AutoZone (AZO) shares slid after net income dropped despite a revenue rise. Diane later takes on choppy waters seen in Norwegian Cruise Line (NCLH) over a Goldman Sachs downgrade. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Alex Barron and Rogers Healy react to Toll Brothers (TOL) earnings. Rogers is “unsurprised” by the results, saying “they're playing the margin game and getting squeezed.” He notes that their average price point is almost a million dollars, and that top-end real estate tends to get hit first when the sector sours. Alex thinks December demand is turning positive and the outlook for 2026 is “not too bad,” arguing that we are at the end of the “margin compression cycle.” ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

James Demmert calls Toll Brothers (TOL) "best of the group" in homebuilders. He highlights what makes the company different from peers like D.R. Horton (DHI). While James doesn't currently like homebuilders as a group, he makes the case for the FOMC's interest rate decision to change that. Tom White offers an example options trade for Toll Brothers. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Justin Nielsen and Mike Webster analyze Friday's market action and discuss key stocks to watch on Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets correspondent Kristina Partsinevelos kicks off today's show with key market themes, followed by Rick Santelli on bond market movements from the CME. Charles Bobrinsky, Vice Chairman and Head of Investment Group at Ariel Investments, and Tim Urbanowicz from Innovator ETFs break down the latest market action.We preview Target earnings with Zihahn Ma from Bernstein. In a major autonomous vehicle development, Applied Intuition Co-Founder & CEO Qasar Younis joins us to discuss the company's new self-driving system launch and expansion into passenger vehicles.Plus, Angelica Peebles covers Viking Therapeutics, and Alan Ratner from Zelman & Associates analyzes Toll Brothers earnings and the broader housing market outlook. 

Sam Vadas focuses on Toll Brothers (TOL) ahead of its earnings after hours Tuesday. She talks about the rising optimism in homebuilders seen in earnings from D.R. Horton (DHI) and Pultegroup (PHM). However, Tim Biggam explains why he believes bullish sentiment in the space is overblown. He offers an example options trade on Toll Brothers.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

The Neighborhood NewsAviano at Desert Ridge is a luxury, master-planned community in North Phoenix at 40th St & Deer Valley Rd. Developed by Toll Brothers in the early 2000s, Aviano features upscale single-family homes, resort-style amenities (clubhouse, fitness center, pool, courts, playgrounds, walking trails), and lush landscaping. The community is known for its strong neighborhood atmosphere and convenient North Phoenix lifestyle.​​Points of Interest:✅Desert Ridge Marketplace: shopdesertridge.com✅Musical Instrument Museum: mim.org✅Wildfire Golf Club: wildfiregolf.com✅New entertainment & dining: foleyranch.com ​Featured Listing:Team EvoAZ listing on 39th Run—Text EvoAZ20 to 4805089828 for instant photos and info! ​​Featured Business:Wendy Burnett, Travel with Wendy – linktr.ee/travel_with_wendy​​Catch the full episode now on YouTube or your favorite podcast platform!

The Real Estate Cycle: A Warning for 2026   Insights from Phil Anderson on the Coming Real Estate Market Crash In my conversation with renowned economist Phil Anderson, you will gain unprecedented insight into the mechanics of real estate cycles and why we are right on the precipice of the next major real estate market crash.   Anderson, author of "The Secret Life of Real Estate and Banking," presents a compelling case that combines economic theory with historical precedent to paint a picture of where we stand today – and where we're headed tomorrow.   The Foundation: Understanding Economic Rent   The Law That Economics Forgot To understand the thesis, here's a powerful analogy: just as we accept the law of gravity dictates that a dropped pencil will fall to the ground, there exists an equally immutable economic law that has been largely forgotten. Anderson calls this the "law of economic rent"  and it's the principle that all of society's gains and benefits will ultimately gravitate toward land prices.   This fundamental concept explains why we experience predictable real estate cycles. When society allows land earnings to capitalize into prices (typically representing 20 years of earnings), and banks are permitted to extend credit based on those inflated prices, a real estate cycle crash becomes inevitable. It's not a possibility – it's a mathematical certainty.   The Erasure of Land from Economics Anderson reveals a crucial historical shift that occurred after World War I. Prior to 1907, economists universally recognized three factors of production: labor, capital, and land. However, as land reform movements gained momentum and threatened established interests, there was a deliberate effort to remove land from economic textbooks entirely.   Today's economists learn only about labor and capital, treating land as merely another form of capital. This fundamental misunderstanding, Anderson argues, is why virtually no mainstream economists saw the 2008 financial crisis coming, nor will they recognize the signs of the coming downturn.   The Cycle Mechanics: Why 18-20 Years?   Historical Reliability The 18-20 year real estate cycle has been remarkably consistent throughout American history, documented back to 1800. Anderson traces this pattern through every major economic downturn: the 1920s, early 1970s, 1991, and 2008. In each case, the proximate cause wasn't what most economists claimed – it was the deflation of land prices.   The current cycle began in 2012, marking the bottom of the last downturn. We are now in year 13 of the cycle, approaching the critical 14-year mark that historically signals the beginning of the end. Here's how it works:   The Anatomy of a Cycle Anderson explains that real estate cycles run like this: The cycle is 18.6 years on average - "14 years up and 4 years down" 2012 was the bottom - Land prices peaked in 2006-2007, then had approximately 4 years down to the 2012 bottom 2026 is the projected peak - As Anderson states: "14 years up from there [2012] takes you to 2026. It really is that simple." We're currently in year 13 - From 2012 bottom + 13 years = 2025, approaching the 14-year peak in 2026 Years 13-14 are the "Winner's Curse" - The final speculative phase when "animal spirits are truly unleashed." Current Position in the Cycle This precise timing explains why Anderson identifies us as being in "the last couple of years of the cycle." All the current signals he observes - housing stocks rolling over, banking deregulation beginning, frenzied speculation in Bitcoin and cryptocurrency - point to our approach toward the 2026 peak rather than suggesting we've already arrived there. The critical insight is that we're in the dangerous final speculation phase right now. We're experiencing what Anderson calls the "Winner's Curse" period of years 13-14, when speculation reaches fever pitch and "animal spirits are truly unleashed." The peak is expected in 2026, which would then trigger the inevitable 4-year down phase running from 2026-2030. This timeline explains why Anderson emphasizes the urgency of preparation - we're not looking at some distant future event, but rather a cyclical turning point that's rapidly approaching and may have already begun.   Presidential Patterns: The Republican Connection   A Striking Historical Correlation One of Anderson's most intriguing observations concerns presidential politics. Since Abraham Lincoln's era, every final phase of a real estate cycle has coincided with a Republican president taking office. These aren't coincidences but reflect the political dynamics that emerge during speculative bubbles.   Anderson notes the historical bookend: George Washington, the first president and America's largest landowner at the time, and now Donald Trump, the 47th president and a prominent real estate developer, both representing the connection between land ownership and political power.   The Deregulation Imperative Following a predictable pattern, Republican administrations at cycle peaks immediately begin dismantling banking regulations. Anderson emphasizes this isn't partisan commentary but historical observation: "The very first thing they do is get rid of all bank regulation."   This deregulation serves a specific function in the cycle – it allows banks to engage in the aggressive lending that characterizes the final speculative phase, ultimately setting the stage for the inevitable crash.   Current Signals: Reading the Tea Leaves   Housing Stocks as Leading Indicators Anderson employs the analytical methods of legendary trader W.D. Gann to read market signals. Housing stocks – companies like Lennar, Toll Brothers, and D.R. Horton – serve as the canary in the coal mine. These stocks historically peak 1-2 years before the broader market, as analysts recognize that rising land costs will eventually squeeze builder profits.   During a brief banking scare in early 2023, while some worried about contagion, housing stocks actually made new highs - but have since peaked and rolled over and are now trending downward – a classic signal that the cycle is approaching its peak.   The Dollar Dilemma For the first time in American history, we may face a scenario where the Federal Reserve cannot lower interest rates during a recession. This stems from growing concerns about the U.S. federal deficit and potential challenges to the dollar's reserve currency status.   Anderson explains that while other countries have often faced this constraint – they cannot simply print money to solve problems – America has enjoyed "exorbitant privilege" of the dollar. However, current policies may be eroding international confidence in U.S. fiscal responsibility.   The Speculation Frenzy: Bitcoin and Beyond   Modern Manifestations of Ancient Patterns Every cycle's final phase features a speculative vehicle that captures public imagination. In the 1960s, it was oil and Boeing 747s. In the 1980s, real estate itself. In 2005-2007, it was mortgage-backed securities and subprime lending.   Today's vehicle appears to be cryptocurrency, particularly Bitcoin. Anderson points to concerning developments like MicroStrategy's strategy of borrowing money to buy Bitcoin, which supports the stock price, enabling more borrowing for more Bitcoin – a classic pyramid structure. The involvement of political figures in similar cryptocurrency ventures only amplifies the speculative fervor that characterizes cycle peaks.   The Psychology of Peaks Anderson describes the cycle as behaving like "a living entity" that must draw absolutely everyone in before it can peak. The market cannot top until there's no more money or credit available – until everyone is "all in." This psychological dynamic explains why peaks often coincide with maximum optimism and minimum skepticism.   Strategic Positioning: Preparing for the Inevitable   The Million-Dollar Question When asked how he would deploy $1 million today, Anderson's advice reflects the cycle's current stage: Immediate Actions: Keep funds liquid and in banks rather than rushing into investments Avoid taking on additional debt, especially at potentially rising interest rates Prepare for property values to decline 20% or more Positioning for Opportunity: Maintain an exemplary financial profile to secure credit during the downturn Prepare to be a buyer when others are forced sellers Focus on cash preservation and credit access rather than current yields Timeline Expectations Based on historical patterns, Anderson expects the downturn to begin around 2026, with the bottom likely occurring around 2031-2032 (years ending in "1" have historically marked recession bottoms in America).   This suggests a 4-6 year period of adjustment, similar to the 2008-2012 cycle, presenting significant opportunities for those positioned correctly.   Implications for Commercial Real Estate   Reading Between the Lines For commercial real estate professionals, Anderson's analysis suggests several critical considerations: Traditional metrics like cap rates, rent projections, and employment growth may be misleading at this cycle stage. The fundamental driver – land values – is approaching a cyclical peak that transcends these conventional indicators. The deregulation of banking, combined with potential Federal Reserve constraints, could create a uniquely challenging environment for real estate financing. Unlike previous cycles, the usual monetary policy responses may not be available. The Contrarian Opportunity While Anderson's analysis paints a sobering picture of the near-term outlook, it also illuminates tremendous opportunity for those who understand and prepare for the cycle.   The next 2-3 years may offer the last chances to position defensively before the inevitable adjustment.   The key insight is that real estate cycles are not random events but predictable phenomena driven by fundamental economic laws. Those who understand these patterns can navigate them successfully, while those who ignore them risk being caught unprepared when the cycle turns.   Anderson's message is ultimately one of empowerment through knowledge: understand the cycle, respect its power, and position accordingly. The pencil will fall – the only question is whether you'll be ready when it does.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

First Time Homebuyers Hit a Record Low With the high cost of housing and higher interest rates, people trying to get their first home dropped to a record low around 23% in 2024. The average age of the first-time homebuyer has increased 10 years over the historical average to 38 years old. The median income is now $97,000 and the first-time home buyers are coming up with an average down payment of 9% of the value of the home. Many of these young buyers are using FHA loans, which require a very small down payment and according to research roughly 30% of all FHA mortgages have a debt service ratio of over 50%. This means more than half of these buyers' incomes is going toward servicing debt. This could be a hard pill to swallow for young buyers with not much money left over for luxuries like vacations and new cars. However, if when they buy the home, they understand that if they really tighten their belts for the next three to four years, they will probably be fine. New home builders are doing what they can to try and get rid of the largest inventory of unsold homes on their lots since 2009. The median price of a new home is currently less than one percent higher than the median price of existing properties, which historically has seen a 17% premium. The home builders are using profits from their homes to buy down mortgages. Even though the 30-year mortgage was recently around 6.8%, home builders can buy these mortgages down which led buyers of new homes to a rate around 5%. Buying down these rates has cost home builders about 8% of the purchase price of the home. This reduces their profits but better than the alternative of sitting on unsold homes with a carrying cost for the builder. I don't see this situation getting better anytime soon because I'm not looking for a large decrease in mortgage rates and incomes over the next year will probably increase somewhere around 3 to 4%. We continue to believe the rapid increase in the price of homes over the last few years will not last and it will now take some time to get back to normal market. Maybe we will see a better real estate market in 2027 or 2028.   Is Bitcoin coming to your 401k? I have been concerned with bitcoin and crypto as a whole for several years for many reasons including fraud, illicit activity, and the fact that there is really no way to derive an intrinsic value for it since there is no earnings, cash flow, or anything really backing the asset class. I was disappointed to see the current Labor Department removed language that cautioned employers to exercise “extreme care” before making crypto and related investments available to their workers. They cited “serious concerns” about the prudence of exposing investors' retirement savings to crypto given “significant risks of fraud, theft, and loss.” While this isn't necessarily a full-on endorsement for placing crypto in 401k plans, it definitely seems like the administration is continuing on its path to try and normalize crypto as an established asset class. Even with this change in language I would be surprised to see a huge surge in cryptocurrencies within 401k plans. Ultimately, ERISA bestows a fiduciary duty on employers and company officials overseeing 401k investments and that means legally employers must put the best interests of 401(k) investors first and act prudently when choosing which investments to offer (or not offer). Given the extreme volatility within crypto I believe it would be a huge risk for these companies to offer it as it could open them up to lawsuits if there are major declines. We'll have to see what other changes are made as time progresses, but I don't believe crypto has any place within a 401k plan at this time.   Inflation report shows continued progress The personal consumption expenditures price index, which is also known as PCE and is the Federal Reserve's key inflation measure, showed an annual increase of just 2.1%. Core PCE, which excludes food and energy, showed a gain of 2.5%. Both results were 0.1% below their respective estimates. Overall, inflation has continued to cool and is now quite close to the Fed's 2% target. The question that remains is how will tariffs ultimately impact inflation? An economist from Pantheon Macroeconomics said that he believed core PCE would peak later this year between 3.0% and 3.5%, if the current mix of tariffs remained in place. I would say it is difficult to forecast the tariff impact since we don't know what will ultimately be passed on to the end consumer. It will definitely be interesting to see what numbers look like in the coming months, but ultimately, I believe most of the concerns around inflation are overblown and even if the rate for PCE is around 3%, I don't see that as being problematic for the economy.     Financial Planning: What it Means to be an Accredited Investor An accredited investor is someone who meets specific income or net worth thresholds—such as earning over $200,000 annually ($300,000 with a spouse) or having over $1 million in net worth excluding their home—and is allowed to invest in private securities offerings not registered with the SEC. These investments, which include private REITS, private equity, hedge funds, and startups, often promise high returns but carry significant risks such as illiquidity, limited transparency, and the potential for total loss. While many of these offerings are only available through fiduciary advisors—who are legally obligated to act in their clients' best interest—investors must still exercise caution. Fiduciary duty applies only in certain contexts (such as investment advice) and may not extend to related areas like insurance or commission-based products. Additionally, what qualifies as “acting in your best interest” is often subjective and open to interpretation. Working with a fiduciary does not guarantee protection, and investors should remain vigilant, ask questions, and independently evaluate any recommendation. Also, private investments aren't necessary better than public investments, so just because you qualify as an accredited investor doesn't mean you should be investing in private securities.   Companies Discussed: Regeneron Pharmaceuticals, Inc. (REGN), Intuit Inc. (INTU), Target Corporation (TGT) & Toll Brothers, Inc. (TOL)

Lumber prices surged 23% year-over-year in April, reviving cost pressures that rattled builders earlier in the pandemic. The spike, driven by sawmill closures and fears of higher tariffs on Canadian imports, is squeezing margins for major developers like Lennar, D.R. Horton, and Toll Brothers. The U.S. currently imposes a 14.5% duty on Canadian softwood lumber—accounting for 85% of American imports—but that rate could more than double following a regulatory review expected by August. The volatility comes as HUD Secretary Scott Turner outlines a bold deregulation agenda. Speaking at the T3 Leadership Summit, Turner pledged to ease red tape, open underused federal lands for construction, and eliminate the Affirmatively Furthering Fair Housing rule. Turner says the goal is to unlock new supply by empowering local governments and encouraging self-sufficiency. Meanwhile, HUD faces proposed budget cuts of $33.6 billion, raising questions about how effectively the agency can stimulate new building while federal funding shrinks. Together, rising material costs and shifting federal policy are setting the stage for a turbulent second half of 2025 in the housing sector. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Tesla a focus today after David's wide-ranging and rare interview with CEO Elon Musk: Carl Quintanilla, Morgan Brennan, and David Faber broke down key takeaways from the tape – from Robotaxis to Chinese competition – along with Musk's vision for the future. Plus: the Co-CEO of Waymo's reaction to Musk's claims Tesla's tech is safer… and more with one analyst who's arguing Waymo should be spun-off - along with Alphabet's other ancillary businesses - to unlock more shareholder value here.  On the broader markets front: a few key movers – Target, Coreweave, United Health, and more… The team discussed what's driving the moves – in addition to fresh consumer color from executives at Toll Brothers, and the latest out of Washington when it comes to President Trump's “Big Beautiful Bill”. Squawk on the Street Disclaimer

Housing dominates today as Home Depot and Toll Brothers report, and Congress debates a budget plan. The market shook off Moody's downgrade of U.S. debt, but yields remain elevated.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.(0131-0525)

"Everyone still needs a place to live," says Rogers Healy. He argues homebuilders companies have and will continue to experience plenty of strength heading into the rest of the year. He talks about how companies from D.R. Horton (DRH) to more luxury names like Toll Brothers (TOL) are shifting to ebbs and flows in the real estate market. Tom White offers example options trades in Toll Brothers ahead of its earnings, and Lennar (LEN). ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Ahead of its earnings, George Tsilis turns to Toll Brothers (TOL) as a company investors should keep on the radar. The company and homebuilding industry has faced numerous pressures with the current macro environment. George talks about why Toll Brothers can serve as a barometer to homebuilder earnings.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

When Deena Buchanan walked down the hallway at the New Mexico State Court after representing the defense, grieving families from the other side would glare daggers at her. “It made me wish that I could be on the plaintiff's side.”Today, she is. She made the switch six years ago after 20 years of defending corporations. In sharing her journey with host Dan Ambrose, Deena discusses how far she's come, highlighted by two recent wrongful death cases where she secured a total settlement of “multiple eight figures.” At TLU Beach (June 4-7), Deena will teach a workshop on "How to Prep for Your First Voir Dire," sharing insight about the skill that transformed her practice. Train and Connect with the Titans☑️ Deena Buchanan | LinkedIn☑️ Buchanan Law Firm LLC | LinkedIn | Facebook | Instagram☑️ TLU Beach☑️ Trial Lawyers University☑️ TLU On Demand Instant access to live lectures, case analysis, and skills training videos☑️ TLU on X | Facebook | Instagram | LinkedIn☑️ Subscribe Apple Podcasts | Spotify | YouTubeEpisode SnapshotDeena's journey began with a prestigious civil defense career before transitioning to in-house counsel at Toll Brothers.After 20 years of defense work, Deena grew frustrated with representing companies rather than helping injured victims, leading her to switch to plaintiffs' work six years ago.In a recent wrongful death case, after New Mexico's Department of Transportation refused to make settlement offers through multiple mediations, they finally settled between voir dire and opening statements.Deena credits TLU training with giving her the skills to conduct...

Good evening and a huge welcome back to the show, I hope you've had a great day and you're ready to kick back and relax with another episode of Brett's old time radio show. Hello, I'm Brett your host for this evening and welcome to my home in beautiful Lyme Bay where it's lovely December night. I hope it's just as nice where you are. You'll find all of my links at www.linktr.ee/brettsoldtimeradioshow A huge thankyou for joining me once again for our regular late night visit to those dusty studio archives of Old Time radio shows right here at my home in the united kingdom. Don't forget I have an instagram page and youtube channel both called brett's old time radio show and I'd love it if you could follow me. Feel free to send me some feedback on this and the other shows if you get a moment, brett@tourdate.co.uk #sleep #insomnia #relax #chill #night #nighttime #bed #bedtime #oldtimeradio #drama #comedy #radio #talkradio #hancock #tonyhancock #hancockshalfhour #sherlock #sherlockholmes #radiodrama #popular #viral #viralpodcast #podcast #podcasting #podcasts #podtok #podcastclip #podcastclips #podcasttrailer #podcastteaser #newpodcastepisode #newpodcast #videopodcast #upcomingpodcast #audiogram #audiograms #truecrimepodcast #historypodcast #truecrime #podcaster #viral #popular #viralpodcast #number1 #instagram #youtube #facebook #johnnydollar #crime #fiction #unwind #devon #texas #texasranger #beer #seaton #seaside  #smuggler #colyton #devon #seaton #beer #branscombe #lymebay #lymeregis #brett #brettorchard #orchard #greatdetectives #greatdetectivesofoldtimeradio #detectives #johnnydollar #thesaint #steptoe #texasrangers         The Man Called X An espionage radio drama that aired on CBS and NBC from July 10, 1944, to May 20, 1952. The radio series was later adapted for television and was broadcast for one season, 1956–1957. People Herbert Marshall had the lead role of agent Ken Thurston/"Mr. X", an American intelligence agent who took on dangerous cases in a variety of exotic locations. Leon Belasco played Mr. X's comedic sidekick, Pegon Zellschmidt, who always turned up in remote parts of the world because he had a "cousin" there. Zellschmidt annoyed and helped Mr. X. Jack Latham was an announcer for the program, and Wendell Niles was the announcer from 1947 to 1948. Orchestras led by Milton Charles, Johnny Green, Felix Mills, and Gordon Jenkins supplied the background music. William N. Robson was the producer and director. Stephen Longstreet was the writer. Production The Man Called X replaced America — Ceiling Unlimited on the CBS schedule. Television The series was later adapted to a 39-episode syndicated television series (1956–1957) starring Barry Sullivan as Thurston for Ziv Television. Episodes Season 1 (1956) 1 1 "For External Use Only" Eddie Davis Story by : Ladislas Farago Teleplay by : Stuart Jerome, Harold Swanton, and William P. Templeton January 27, 1956 2 2 "Ballerina Story" Eddie Davis Leonard Heideman February 3, 1956 3 3 "Extradition" Eddie Davis Ellis Marcus February 10, 1956 4 4 "Assassination" William Castle Stuart Jerome February 17, 1956 5 5 "Truth Serum" Eddie Davis Harold Swanton February 24, 1956 6 6 "Afghanistan" Eddie Davis Leonard Heidman March 2, 1956 7 7 "Embassy" Herbert L. Strock Laurence Heath and Jack Rock March 9, 1956 8 8 "Dangerous" Eddie Davis George Callahan March 16, 1956 9 9 "Provocateur" Eddie Davis Arthur Weiss March 23, 1956 10 10 "Local Hero" Leon Benson Ellis Marcus March 30, 1956 11 11 "Maps" Eddie Davis Jack Rock May 4, 1956 12 12 "U.S. Planes" Eddie Davis William L. Stuart April 13, 1956 13 13 "Acoustics" Eddie Davis Orville H. Hampton April 20, 1956 14 14 "The General" Eddie Davis Leonard Heideman April 27, 1956 Season 2 (1956–1957) 15 1 "Missing Plates" Eddie Davis Jack Rock September 27, 1956 16 2 "Enemy Agent" Eddie Davis Teleplay by : Gene Levitt October 4, 1956 17 3 "Gold" Eddie Davis Jack Laird October 11, 1956 18 4 "Operation Janus" Eddie Davis Teleplay by : Jack Rock and Art Wallace October 18, 1956 19 5 "Staff Headquarters" Eddie Davis Leonard Heideman October 25, 1956 20 6 "Underground" Eddie Davis William L. Stuart November 1, 1956 21 7 "Spare Parts" Eddie Davis Jack Laird November 8, 1956 22 8 "Fallout" Eddie Davis Teleplay by : Arthur Weiss November 15, 1956 23 9 "Speech" Eddie Davis Teleplay by : Ande Lamb November 22, 1956 24 10 "Ship Sabotage" Eddie Davis Jack Rock November 29, 1956 25 11 "Rendezvous" Eddie Davis Ellis Marcus December 5, 1956 26 12 "Switzerland" Eddie Davis Leonard Heideman December 12, 1956 27 13 "Voice On Tape" Eddie Davis Teleplay by : Leonard Heideman December 19, 1956 28 14 "Code W" Eddie Davis Arthur Weiss December 26, 1956 29 15 "Gas Masks" Eddie Davis Teleplay by : Jack Rock January 3, 1957 30 16 "Murder" Eddie Davis Lee Berg January 10, 1957 31 17 "Train Blow-Up" Eddie Davis Ellis Marcus February 6, 1957 32 18 "Powder Keg" Jack Herzberg Les Crutchfield and Jack Rock February 13, 1957 33 19 "Passport" Eddie Davis Norman Jolley February 20, 1957 34 20 "Forged Documents" Eddie Davis Charles Mergendahl February 27, 1957 35 21 "Australia" Lambert Hill Jack Rock March 6, 1957 36 22 "Radio" Eddie Davis George Callahan March 13, 1957 37 23 "Business Empire" Leslie Goodwins Herbert Purdum and Jack Rock March 20, 1957 38 24 "Hungary" Eddie Davis Fritz Blocki and George Callahan March 27, 1957 39 25 "Kidnap" Eddie Davis George Callahan April 4, 1957 sleep insomnia relax chill night nightime bed bedtime oldtimeradio drama comedy radio talkradio hancock tonyhancock hancockshalfhour sherlock sherlockholmes radiodrama popular viral viralpodcast podcast brett brettorchard orchard east devon seaton beer lyme regis village condado de alhama spain murcia         The Golden Age of Radio Also known as the old-time radio (OTR) era, was an era of radio in the United States where it was the dominant electronic home entertainment medium. It began with the birth of commercial radio broadcasting in the early 1920s and lasted through the 1950s, when television gradually superseded radio as the medium of choice for scripted programming, variety and dramatic shows. Radio was the first broadcast medium, and during this period people regularly tuned in to their favourite radio programs, and families gathered to listen to the home radio in the evening. According to a 1947 C. E. Hooper survey, 82 out of 100 Americans were found to be radio listeners. A variety of new entertainment formats and genres were created for the new medium, many of which later migrated to television: radio plays, mystery serials, soap operas, quiz shows, talent shows, daytime and evening variety hours, situation comedies, play-by-play sports, children's shows, cooking shows, and more. In the 1950s, television surpassed radio as the most popular broadcast medium, and commercial radio programming shifted to narrower formats of news, talk, sports and music. Religious broadcasters, listener-supported public radio and college stations provide their own distinctive formats. Origins A family listening to the first broadcasts around 1920 with a crystal radio. The crystal radio, a legacy from the pre-broadcast era, could not power a loudspeaker so the family must share earphones During the first three decades of radio, from 1887 to about 1920, the technology of transmitting sound was undeveloped; the information-carrying ability of radio waves was the same as a telegraph; the radio signal could be either on or off. Radio communication was by wireless telegraphy; at the sending end, an operator tapped on a switch which caused the radio transmitter to produce a series of pulses of radio waves which spelled out text messages in Morse code. At the receiver these sounded like beeps, requiring an operator who knew Morse code to translate them back to text. This type of radio was used exclusively for person-to-person text communication for commercial, diplomatic and military purposes and hobbyists; broadcasting did not exist. The broadcasts of live drama, comedy, music and news that characterize the Golden Age of Radio had a precedent in the Théâtrophone, commercially introduced in Paris in 1890 and available as late as 1932. It allowed subscribers to eavesdrop on live stage performances and hear news reports by means of a network of telephone lines. The development of radio eliminated the wires and subscription charges from this concept. Between 1900 and 1920 the first technology for transmitting sound by radio was developed, AM (amplitude modulation), and AM broadcasting sprang up around 1920. On Christmas Eve 1906, Reginald Fessenden is said to have broadcast the first radio program, consisting of some violin playing and passages from the Bible. While Fessenden's role as an inventor and early radio experimenter is not in dispute, several contemporary radio researchers have questioned whether the Christmas Eve broadcast took place, or whether the date was, in fact, several weeks earlier. The first apparent published reference to the event was made in 1928 by H. P. Davis, Vice President of Westinghouse, in a lecture given at Harvard University. In 1932 Fessenden cited the Christmas Eve 1906 broadcast event in a letter he wrote to Vice President S. M. Kinter of Westinghouse. Fessenden's wife Helen recounts the broadcast in her book Fessenden: Builder of Tomorrows (1940), eight years after Fessenden's death. The issue of whether the 1906 Fessenden broadcast actually happened is discussed in Donna Halper's article "In Search of the Truth About Fessenden"[2] and also in James O'Neal's essays.[3][4] An annotated argument supporting Fessenden as the world's first radio broadcaster was offered in 2006 by Dr. John S. Belrose, Radioscientist Emeritus at the Communications Research Centre Canada, in his essay "Fessenden's 1906 Christmas Eve broadcast." It was not until after the Titanic catastrophe in 1912 that radio for mass communication came into vogue, inspired first by the work of amateur ("ham") radio operators. Radio was especially important during World War I as it was vital for air and naval operations. World War I brought about major developments in radio, superseding the Morse code of the wireless telegraph with the vocal communication of the wireless telephone, through advancements in vacuum tube technology and the introduction of the transceiver. After the war, numerous radio stations were born in the United States and set the standard for later radio programs. The first radio news program was broadcast on August 31, 1920, on the station 8MK in Detroit; owned by The Detroit News, the station covered local election results. This was followed in 1920 with the first commercial radio station in the United States, KDKA, being established in Pittsburgh. The first regular entertainment programs were broadcast in 1922, and on March 10, Variety carried the front-page headline: "Radio Sweeping Country: 1,000,000 Sets in Use." A highlight of this time was the first Rose Bowl being broadcast on January 1, 1923, on the Los Angeles station KHJ. Growth of radio Broadcast radio in the United States underwent a period of rapid change through the decade of the 1920s. Technology advances, better regulation, rapid consumer adoption, and the creation of broadcast networks transformed radio from a consumer curiosity into the mass media powerhouse that defined the Golden Age of Radio. Consumer adoption Through the decade of the 1920s, the purchase of radios by United States homes continued, and accelerated. The Radio Corporation of America (RCA) released figures in 1925 stating that 19% of United States homes owned a radio. The triode and regenerative circuit made amplified, vacuum tube radios widely available to consumers by the second half of the 1920s. The advantage was obvious: several people at once in a home could now easily listen to their radio at the same time. In 1930, 40% of the nation's households owned a radio,[8] a figure that was much higher in suburban and large metropolitan areas. The superheterodyne receiver and other inventions refined radios even further in the next decade; even as the Great Depression ravaged the country in the 1930s, radio would stay at the centre of American life. 83% of American homes would own a radio by 1940. Government regulation Although radio was well established with United States consumers by the mid-1920s, regulation of the broadcast medium presented its own challenges. Until 1926, broadcast radio power and frequency use was regulated by the U.S. Department of Commerce, until a legal challenge rendered the agency powerless to do so. Congress responded by enacting the Radio Act of 1927, which included the formation of the Federal Radio Commission (FRC). One of the FRC's most important early actions was the adoption of General Order 40, which divided stations on the AM band into three power level categories, which became known as Local, Regional, and Clear Channel, and reorganized station assignments. Based on this plan, effective 3:00 a.m. Eastern time on November 11, 1928, most of the country's stations were assigned to new transmitting frequencies. Broadcast networks The final element needed to make the Golden Age of Radio possible focused on the question of distribution: the ability for multiple radio stations to simultaneously broadcast the same content, and this would be solved with the concept of a radio network. The earliest radio programs of the 1920s were largely unsponsored; radio stations were a service designed to sell radio receivers. In early 1922, American Telephone & Telegraph Company (AT&T) announced the beginning of advertisement-supported broadcasting on its owned stations, and plans for the development of the first radio network using its telephone lines to transmit the content. In July 1926, AT&T abruptly decided to exit the broadcasting field, and signed an agreement to sell its entire network operations to a group headed by RCA, which used the assets to form the National Broadcasting Company. Four radio networks had formed by 1934. These were: National Broadcasting Company Red Network (NBC Red), launched November 15, 1926. Originally founded as the National Broadcasting Company in late 1926, the company was almost immediately forced to split under antitrust laws to form NBC Red and NBC Blue. When, in 1942, NBC Blue was sold and renamed the Blue Network, this network would go back to calling itself simply the National Broadcasting Company Radio Network (NBC). National Broadcasting Company Blue Network (NBC Blue); launched January 10, 1927, split from NBC Red. NBC Blue was sold in 1942 and became the Blue Network, and it in turn transferred its assets to a new company, the American Broadcasting Company on June 15, 1945. That network identified itself as the American Broadcasting Company Radio Network (ABC). Columbia Broadcasting System (CBS), launched September 18, 1927. After an initially struggling attempt to compete with the NBC networks, CBS gained new momentum when William S. Paley was installed as company president. Mutual Broadcasting System (Mutual), launched September 29, 1934. Mutual was initially run as a cooperative in which the flagship stations owned the network, not the other way around as was the case with the other three radio networks. Programming In the period before and after the advent of the broadcast network, new forms of entertainment needed to be created to fill the time of a station's broadcast day. Many of the formats born in this era continued into the television and digital eras. In the beginning of the Golden Age, network programs were almost exclusively broadcast live, as the national networks prohibited the airing of recorded programs until the late 1940s because of the inferior sound quality of phonograph discs, the only practical recording medium at that time. As a result, network prime-time shows would be performed twice, once for each coast. Rehearsal for the World War II radio show You Can't Do Business with Hitler with John Flynn and Virginia Moore. This series of programs, broadcast at least once weekly by more than 790 radio stations in the United States, was written and produced by the radio section of the Office of War Information (OWI). Live events Coverage of live events included musical concerts and play-by-play sports broadcasts. News The capability of the new medium to get information to people created the format of modern radio news: headlines, remote reporting, sidewalk interviews (such as Vox Pop), panel discussions, weather reports, and farm reports. The entry of radio into the realm of news triggered a feud between the radio and newspaper industries in the mid-1930s, eventually culminating in newspapers trumping up exaggerated [citation needed] reports of a mass hysteria from the (entirely fictional) radio presentation of The War of the Worlds, which had been presented as a faux newscast. Musical features The sponsored musical feature soon became one of the most popular program formats. Most early radio sponsorship came in the form of selling the naming rights to the program, as evidenced by such programs as The A&P Gypsies, Champion Spark Plug Hour, The Clicquot Club Eskimos, and King Biscuit Time; commercials, as they are known in the modern era, were still relatively uncommon and considered intrusive. During the 1930s and 1940s, the leading orchestras were heard often through big band remotes, and NBC's Monitor continued such remotes well into the 1950s by broadcasting live music from New York City jazz clubs to rural America. Singers such as Harriet Lee and Wendell Hall became popular fixtures on network radio beginning in the late 1920s and early 1930s. Local stations often had staff organists such as Jesse Crawford playing popular tunes. Classical music programs on the air included The Voice of Firestone and The Bell Telephone Hour. Texaco sponsored the Metropolitan Opera radio broadcasts; the broadcasts, now sponsored by the Toll Brothers, continue to this day around the world, and are one of the few examples of live classical music still broadcast on radio. One of the most notable of all classical music radio programs of the Golden Age of Radio featured the celebrated Italian conductor Arturo Toscanini conducting the NBC Symphony Orchestra, which had been created especially for him. At that time, nearly all classical musicians and critics considered Toscanini the greatest living maestro. Popular songwriters such as George Gershwin were also featured on radio. (Gershwin, in addition to frequent appearances as a guest, had his own program in 1934.) The New York Philharmonic also had weekly concerts on radio. There was no dedicated classical music radio station like NPR at that time, so classical music programs had to share the network they were broadcast on with more popular ones, much as in the days of television before the creation of NET and PBS. Country music also enjoyed popularity. National Barn Dance, begun on Chicago's WLS in 1924, was picked up by NBC Radio in 1933. In 1925, WSM Barn Dance went on the air from Nashville. It was renamed the Grand Ole Opry in 1927 and NBC carried portions from 1944 to 1956. NBC also aired The Red Foley Show from 1951 to 1961, and ABC Radio carried Ozark Jubilee from 1953 to 1961. Comedy Radio attracted top comedy talents from vaudeville and Hollywood for many years: Bing Crosby, Abbott and Costello, Fred Allen, Jack Benny, Victor Borge, Fanny Brice, Billie Burke, Bob Burns, Judy Canova, Eddie Cantor, Jimmy Durante, Burns and Allen, Phil Harris, Edgar Bergen, Bob Hope, Groucho Marx, Jean Shepherd, Red Skelton and Ed Wynn. Situational comedies also gained popularity, such as Amos 'n' Andy, Easy Aces, Ethel and Albert, Fibber McGee and Molly, The Goldbergs, The Great Gildersleeve, The Halls of Ivy (which featured screen star Ronald Colman and his wife Benita Hume), Meet Corliss Archer, Meet Millie, and Our Miss Brooks. Radio comedy ran the gamut from the small town humor of Lum and Abner, Herb Shriner and Minnie Pearl to the dialect characterizations of Mel Blanc and the caustic sarcasm of Henry Morgan. Gags galore were delivered weekly on Stop Me If You've Heard This One and Can You Top This?,[18] panel programs devoted to the art of telling jokes. Quiz shows were lampooned on It Pays to Be Ignorant, and other memorable parodies were presented by such satirists as Spike Jones, Stoopnagle and Budd, Stan Freberg and Bob and Ray. British comedy reached American shores in a major assault when NBC carried The Goon Show in the mid-1950s. Some shows originated as stage productions: Clifford Goldsmith's play What a Life was reworked into NBC's popular, long-running The Aldrich Family (1939–1953) with the familiar catchphrases "Henry! Henry Aldrich!," followed by Henry's answer, "Coming, Mother!" Moss Hart and George S. Kaufman's Pulitzer Prize-winning Broadway hit, You Can't Take It with You (1936), became a weekly situation comedy heard on Mutual (1944) with Everett Sloane and later on NBC (1951) with Walter Brennan. Other shows were adapted from comic strips, such as Blondie, Dick Tracy, Gasoline Alley, The Gumps, Li'l Abner, Little Orphan Annie, Popeye the Sailor, Red Ryder, Reg'lar Fellers, Terry and the Pirates and Tillie the Toiler. Bob Montana's redheaded teen of comic strips and comic books was heard on radio's Archie Andrews from 1943 to 1953. The Timid Soul was a 1941–1942 comedy based on cartoonist H. T. Webster's famed Caspar Milquetoast character, and Robert L. Ripley's Believe It or Not! was adapted to several different radio formats during the 1930s and 1940s. Conversely, some radio shows gave rise to spinoff comic strips, such as My Friend Irma starring Marie Wilson. Soap operas The first program generally considered to be a daytime serial drama by scholars of the genre is Painted Dreams, which premiered on WGN on October 20, 1930. The first networked daytime serial is Clara, Lu, 'n Em, which started in a daytime time slot on February 15, 1932. As daytime serials became popular in the early 1930s, they became known as soap operas because many were sponsored by soap products and detergents. On November 25, 1960, the last four daytime radio dramas—Young Dr. Malone, Right to Happiness, The Second Mrs. Burton and Ma Perkins, all broadcast on the CBS Radio Network—were brought to an end. Children's programming The line-up of late afternoon adventure serials included Bobby Benson and the B-Bar-B Riders, The Cisco Kid, Jack Armstrong, the All-American Boy, Captain Midnight, and The Tom Mix Ralston Straight Shooters. Badges, rings, decoding devices and other radio premiums offered on these adventure shows were often allied with a sponsor's product, requiring the young listeners to mail in a boxtop from a breakfast cereal or other proof of purchase. Radio plays Radio plays were presented on such programs as 26 by Corwin, NBC Short Story, Arch Oboler's Plays, Quiet, Please, and CBS Radio Workshop. Orson Welles's The Mercury Theatre on the Air and The Campbell Playhouse were considered by many critics to be the finest radio drama anthologies ever presented. They usually starred Welles in the leading role, along with celebrity guest stars such as Margaret Sullavan or Helen Hayes, in adaptations from literature, Broadway, and/or films. They included such titles as Liliom, Oliver Twist (a title now feared lost), A Tale of Two Cities, Lost Horizon, and The Murder of Roger Ackroyd. It was on Mercury Theatre that Welles presented his celebrated-but-infamous 1938 adaptation of H. G. Wells's The War of the Worlds, formatted to sound like a breaking news program. Theatre Guild on the Air presented adaptations of classical and Broadway plays. Their Shakespeare adaptations included a one-hour Macbeth starring Maurice Evans and Judith Anderson, and a 90-minute Hamlet, starring John Gielgud.[22] Recordings of many of these programs survive. During the 1940s, Basil Rathbone and Nigel Bruce, famous for playing Sherlock Holmes and Dr. Watson in films, repeated their characterizations on radio on The New Adventures of Sherlock Holmes, which featured both original stories and episodes directly adapted from Arthur Conan Doyle's stories. None of the episodes in which Rathbone and Bruce starred on the radio program were filmed with the two actors as Holmes and Watson, so radio became the only medium in which audiences were able to experience Rathbone and Bruce appearing in some of the more famous Holmes stories, such as "The Speckled Band". There were also many dramatizations of Sherlock Holmes stories on radio without Rathbone and Bruce. During the latter part of his career, celebrated actor John Barrymore starred in a radio program, Streamlined Shakespeare, which featured him in a series of one-hour adaptations of Shakespeare plays, many of which Barrymore never appeared in either on stage or in films, such as Twelfth Night (in which he played both Malvolio and Sir Toby Belch), and Macbeth. Lux Radio Theatre and The Screen Guild Theater presented adaptations of Hollywood movies, performed before a live audience, usually with cast members from the original films. Suspense, Escape, The Mysterious Traveler and Inner Sanctum Mystery were popular thriller anthology series. Leading writers who created original material for radio included Norman Corwin, Carlton E. Morse, David Goodis, Archibald MacLeish, Arthur Miller, Arch Oboler, Wyllis Cooper, Rod Serling, Jay Bennett, and Irwin Shaw. Game shows Game shows saw their beginnings in radio. One of the first was Information Please in 1938, and one of the first major successes was Dr. I.Q. in 1939. Winner Take All, which premiered in 1946, was the first to use lockout devices and feature returning champions. A relative of the game show, which would be called the giveaway show in contemporary media, typically involved giving sponsored products to studio audience members, people randomly called by telephone, or both. An early example of this show was the 1939 show Pot o' Gold, but the breakout hit of this type was ABC's Stop the Music in 1948. Winning a prize generally required knowledge of what was being aired on the show at that moment, which led to criticism of the giveaway show as a form of "buying an audience". Giveaway shows were extremely popular through 1948 and 1949. They were often panned as low-brow, and an unsuccessful attempt was even made by the FCC to ban them (as an illegal lottery) in August 1949.[23] Broadcast production methods The RCA Type 44-BX microphone had two live faces and two dead ones. Thus actors could face each other and react. An actor could give the effect of leaving the room by simply moving their head toward the dead face of the microphone. The scripts were paper-clipped together. It has been disputed whether or not actors and actresses would drop finished pages to the carpeted floor after use. Radio stations Despite a general ban on use of recordings on broadcasts by radio networks through the late 1940s, "reference recordings" on phonograph disc were made of many programs as they were being broadcast, for review by the sponsor and for the network's own archival purposes. With the development of high-fidelity magnetic wire and tape recording in the years following World War II, the networks became more open to airing recorded programs and the prerecording of shows became more common. Local stations, however, had always been free to use recordings and sometimes made substantial use of pre-recorded syndicated programs distributed on pressed (as opposed to individually recorded) transcription discs. Recording was done using a cutting lathe and acetate discs. Programs were normally recorded at 331⁄3 rpm on 16 inch discs, the standard format used for such "electrical transcriptions" from the early 1930s through the 1950s. Sometimes, the groove was cut starting at the inside of the disc and running to the outside. This was useful when the program to be recorded was longer than 15 minutes so required more than one disc side. By recording the first side outside in, the second inside out, and so on, the sound quality at the disc change-over points would match and result in a more seamless playback. An inside start also had the advantage that the thread of material cut from the disc's surface, which had to be kept out of the path of the cutting stylus, was naturally thrown toward the centre of the disc so was automatically out of the way. When cutting an outside start disc, a brush could be used to keep it out of the way by sweeping it toward the middle of the disc. Well-equipped recording lathes used the vacuum from a water aspirator to pick it up as it was cut and deposit it in a water-filled bottle. In addition to convenience, this served a safety purpose, as the cellulose nitrate thread was highly flammable and a loose accumulation of it combusted violently if ignited. Most recordings of radio broadcasts were made at a radio network's studios, or at the facilities of a network-owned or affiliated station, which might have four or more lathes. A small local station often had none. Two lathes were required to capture a program longer than 15 minutes without losing parts of it while discs were flipped over or changed, along with a trained technician to operate them and monitor the recording while it was being made. However, some surviving recordings were produced by local stations. When a substantial number of copies of an electrical transcription were required, as for the distribution of a syndicated program, they were produced by the same process used to make ordinary records. A master recording was cut, then electroplated to produce a stamper from which pressings in vinyl (or, in the case of transcription discs pressed before about 1935, shellac) were moulded in a record press. Armed Forces Radio Service Frank Sinatra and Alida Valli converse over Armed Forces Radio Service during World War II The Armed Forces Radio Service (AFRS) had its origins in the U.S. War Department's quest to improve troop morale. This quest began with short-wave broadcasts of educational and information programs to troops in 1940. In 1941, the War Department began issuing "Buddy Kits" (B-Kits) to departing troops, which consisted of radios, 78 rpm records and electrical transcription discs of radio shows. However, with the entrance of the United States into World War II, the War Department decided that it needed to improve the quality and quantity of its offerings. This began with the broadcasting of its own original variety programs. Command Performance was the first of these, produced for the first time on March 1, 1942. On May 26, 1942, the Armed Forces Radio Service was formally established. Originally, its programming comprised network radio shows with the commercials removed. However, it soon began producing original programming, such as Mail Call, G.I. Journal, Jubilee and GI Jive. At its peak in 1945, the Service produced around 20 hours of original programming each week. From 1943 until 1949 the AFRS also broadcast programs developed through the collaborative efforts of the Office of the Coordinator of Inter-American Affairs and the Columbia Broadcasting System in support of America's cultural diplomacy initiatives and President Franklin Roosevelt's Good Neighbour policy. Included among the popular shows was Viva America which showcased leading musical artists from both North and South America for the entertainment of America's troops. Included among the regular performers were: Alfredo Antonini, Juan Arvizu, Nestor Mesta Chayres, Kate Smith,[26] and John Serry Sr. After the war, the AFRS continued providing programming to troops in Europe. During the 1950s and early 1960s it presented performances by the Army's only symphonic orchestra ensemble—the Seventh Army Symphony Orchestra. It also provided programming for future wars that the United States was involved in. It survives today as a component of the American Forces Network (AFN). All of the shows aired by the AFRS during the Golden Age were recorded as electrical transcription discs, vinyl copies of which were shipped to stations overseas to be broadcast to the troops. People in the United States rarely ever heard programming from the AFRS,[31] though AFRS recordings of Golden Age network shows were occasionally broadcast on some domestic stations beginning in the 1950s. In some cases, the AFRS disc is the only surviving recording of a program. Home radio recordings in the United States There was some home recording of radio broadcasts in the 1930s and 1940s. Examples from as early as 1930 have been documented. During these years, home recordings were made with disc recorders, most of which were only capable of storing about four minutes of a radio program on each side of a twelve-inch 78 rpm record. Most home recordings were made on even shorter-playing ten-inch or smaller discs. Some home disc recorders offered the option of the 331⁄3 rpm speed used for electrical transcriptions, allowing a recording more than twice as long to be made, although with reduced audio quality. Office dictation equipment was sometimes pressed into service for making recordings of radio broadcasts, but the audio quality of these devices was poor and the resulting recordings were in odd formats that had to be played back on similar equipment. Due to the expense of recorders and the limitations of the recording media, home recording of broadcasts was not common during this period and it was usually limited to brief excerpts. The lack of suitable home recording equipment was somewhat relieved in 1947 with the availability of magnetic wire recorders for domestic use. These were capable of recording an hour-long broadcast on a single small spool of wire, and if a high-quality radio's audio output was recorded directly, rather than by holding a microphone up to its speaker, the recorded sound quality was very good. However, because the wire cost money and, like magnetic tape, could be repeatedly re-used to make new recordings, only a few complete broadcasts appear to have survived on this medium. In fact, there was little home recording of complete radio programs until the early 1950s, when increasingly affordable reel-to-reel tape recorders for home use were introduced to the market. Recording media Electrical transcription discs         The War of the Worlds radio broadcast by Orson Welles on electrical transcription disc Before the early 1950s, when radio networks and local stations wanted to preserve a live broadcast, they did so by means of special phonograph records known as "electrical transcriptions" (ETs), made by cutting a sound-modulated groove into a blank disc. At first, in the early 1930s, the blanks varied in both size and composition, but most often they were simply bare aluminum and the groove was indented rather than cut. Typically, these very early recordings were not made by the network or radio station, but by a private recording service contracted by the broadcast sponsor or one of the performers. The bare aluminum discs were typically 10 or 12 inches in diameter and recorded at the then-standard speed of 78 rpm, which meant that several disc sides were required to accommodate even a 15-minute program. By about 1936, 16-inch aluminum-based discs coated with cellulose nitrate lacquer, commonly known as acetates and recorded at a speed of 331⁄3 rpm, had been adopted by the networks and individual radio stations as the standard medium for recording broadcasts. The making of such recordings, at least for some purposes, then became routine. Some discs were recorded using a "hill and dale" vertically modulated groove, rather than the "lateral" side-to-side modulation found on the records being made for home use at that time. The large slow-speed discs could easily contain fifteen minutes on each side, allowing an hour-long program to be recorded on only two discs. The lacquer was softer than shellac or vinyl and wore more rapidly, allowing only a few playbacks with the heavy pickups and steel needles then in use before deterioration became audible. During World War II, aluminum became a necessary material for the war effort and was in short supply. This caused an alternative to be sought for the base on which to coat the lacquer. Glass, despite its obvious disadvantage of fragility, had occasionally been used in earlier years because it could provide a perfectly smooth and even supporting surface for mastering and other critical applications. Glass base recording blanks came into general use for the duration of the war. Magnetic wire recording In the late 1940s, wire recorders became a readily obtainable means of recording radio programs. On a per-minute basis, it was less expensive to record a broadcast on wire than on discs. The one-hour program that required the four sides of two 16-inch discs could be recorded intact on a single spool of wire less than three inches in diameter and about half an inch thick. The audio fidelity of a good wire recording was comparable to acetate discs and by comparison the wire was practically indestructible, but it was soon rendered obsolete by the more manageable and easily edited medium of magnetic tape. Reel-to-reel tape recording Bing Crosby became the first major proponent of magnetic tape recording for radio, and he was the first to use it on network radio, after he did a demonstration program in 1947. Tape had several advantages over earlier recording methods. Running at a sufficiently high speed, it could achieve higher fidelity than both electrical transcription discs and magnetic wire. Discs could be edited only by copying parts of them to a new disc, and the copying entailed a loss of audio quality. Wire could be divided up and the ends spliced together by knotting, but wire was difficult to handle and the crude splices were too noticeable. Tape could be edited by cutting it with a blade and neatly joining ends together with adhesive tape. By early 1949, the transition from live performances preserved on discs to performances pre-recorded on magnetic tape for later broadcast was complete for network radio programs. However, for the physical distribution of pre-recorded programming to individual stations, 16-inch 331⁄3 rpm vinyl pressings, less expensive to produce in quantities of identical copies than tapes, continued to be standard throughout the 1950s. Availability of recordings The great majority of pre-World War II live radio broadcasts are lost. Many were never recorded; few recordings antedate the early 1930s. Beginning then several of the longer-running radio dramas have their archives complete or nearly complete. The earlier the date, the less likely it is that a recording survives. However, a good number of syndicated programs from this period have survived because copies were distributed far and wide. Recordings of live network broadcasts from the World War II years were preserved in the form of pressed vinyl copies issued by the Armed Forces Radio Service (AFRS) and survive in relative abundance. Syndicated programs from World War II and later years have nearly all survived. The survival of network programming from this time frame is more inconsistent; the networks started prerecording their formerly live shows on magnetic tape for subsequent network broadcast, but did not physically distribute copies, and the expensive tapes, unlike electrical transcription ("ET") discs, could be "wiped" and re-used (especially since, in the age of emerging trends such as television and music radio, such recordings were believed to have virtually no rerun or resale value). Thus, while some prime time network radio series from this era exist in full or almost in full, especially the most famous and longest-lived of them, less prominent or shorter-lived series (such as serials) may have only a handful of extant episodes. Airchecks, off-the-air recordings of complete shows made by, or at the behest of, individuals for their own private use, sometimes help to fill in such gaps. The contents of privately made recordings of live broadcasts from the first half of the 1930s can be of particular interest, as little live material from that period survives. Unfortunately, the sound quality of very early private recordings is often very poor, although in some cases this is largely due to the use of an incorrect playback stylus, which can also badly damage some unusual types of discs. Most of the Golden Age programs in circulation among collectors—whether on analogue tape, CD, or in the form of MP3s—originated from analogue 16-inch transcription disc, although some are off-the-air AM recordings. But in many cases, the circulating recordings are corrupted (decreased in quality), because lossless digital recording for the home market did not come until the very end of the twentieth century. Collectors made and shared recordings on analogue magnetic tapes, the only practical, relatively inexpensive medium, first on reels, then cassettes. "Sharing" usually meant making a duplicate tape. They connected two recorders, playing on one and recording on the other. Analog recordings are never perfect, and copying an analogue recording multiplies the imperfections. With the oldest recordings this can even mean it went out the speaker of one machine and in via the microphone of the other. The muffled sound, dropouts, sudden changes in sound quality, unsteady pitch, and other defects heard all too often are almost always accumulated tape copy defects. In addition, magnetic recordings, unless preserved archivally, are gradually damaged by the Earth's magnetic field. The audio quality of the source discs, when they have survived unscathed and are accessed and dubbed anew, is usually found to be reasonably clear and undistorted, sometimes startlingly good, although like all phonograph records they are vulnerable to wear and the effects of scuffs, scratches, and ground-in dust. Many shows from the 1940s have survived only in edited AFRS versions, although some exist in both the original and AFRS forms. As of 2020, the Old Time Radio collection at the Internet Archive contains 5,121 recordings. An active group of collectors makes digitally available, via CD or download, large collections of programs. RadioEchoes.com offers 98,949 episodes in their collection, but not all is old-time radio. Copyright status Unlike film, television, and print items from the era, the copyright status of most recordings from the Golden Age of Radio is unclear. This is because, prior to 1972, the United States delegated the copyrighting of sound recordings to the individual states, many of which offered more generous common law copyright protections than the federal government offered for other media (some offered perpetual copyright, which has since been abolished; under the Music Modernization Act of September 2018, any sound recording 95 years old or older will be thrust into the public domain regardless of state law). The only exceptions are AFRS original productions, which are considered work of the United States government and thus both ineligible for federal copyright and outside the jurisdiction of any state; these programs are firmly in the public domain (this does not apply to programs carried by AFRS but produced by commercial networks). In practice, most old-time radio recordings are treated as orphan works: although there may still be a valid copyright on the program, it is seldom enforced. The copyright on an individual sound recording is distinct from the federal copyright for the underlying material (such as a published script, music, or in the case of adaptations, the original film or television material), and in many cases it is impossible to determine where or when the original recording was made or if the recording was copyrighted in that state. The U.S. Copyright Office states "there are a variety of legal regimes governing protection of pre-1972 sound recordings in the various states, and the scope of protection and of exceptions and limitations to that protection is unclear."[39] For example, New York has issued contradicting rulings on whether or not common law exists in that state; the most recent ruling, 2016's Flo & Eddie, Inc. v. Sirius XM Radio, holds that there is no such copyright in New York in regard to public performance.[40] Further complicating matters is that certain examples in case law have implied that radio broadcasts (and faithful reproductions thereof), because they were distributed freely to the public over the air, may not be eligible for copyright in and of themselves. The Internet Archive and other organizations that distribute public domain and open-source audio recordings maintain extensive archives of old-time radio programs. Legacy United States Some old-time radio shows continued on the air, although in ever-dwindling numbers, throughout the 1950s, even after their television equivalents had conquered the general public. One factor which helped to kill off old-time radio entirely was the evolution of popular music (including the development of rock and roll), which led to the birth of the top 40 radio format. A top 40 show could be produced in a small studio in a local station with minimal staff. This displaced full-service network radio and hastened the end of the golden-age era of radio drama by 1962. (Radio as a broadcast medium would survive, thanks in part to the proliferation of the transistor radio, and permanent installation in vehicles, making the medium far more portable than television). Full-service stations that did not adopt either top 40 or the mellower beautiful music or MOR formats eventually developed all-news radio in the mid-1960s. Scripted radio comedy and drama in the vein of old-time radio has a limited presence on U.S. radio. Several radio theatre series are still in production in the United States, usually airing on Sunday nights. These include original series such as Imagination Theatre and a radio adaptation of The Twilight Zone TV series, as well as rerun compilations such as the popular daily series When Radio Was and USA Radio Network's Golden Age of Radio Theatre, and weekly programs such as The Big Broadcast on WAMU, hosted by Murray Horwitz. These shows usually air in late nights and/or on weekends on small AM stations. Carl Amari's nationally syndicated radio show Hollywood 360 features 5 old-time radio episodes each week during his 5-hour broadcast. Amari's show is heard on 100+ radio stations coast-to-coast and in 168 countries on American Forces Radio. Local rerun compilations are also heard, primarily on public radio stations. Sirius XM Radio maintains a full-time Radio Classics channel devoted to rebroadcasts of vintage radio shows. Starting in 1974, Garrison Keillor, through his syndicated two-hour-long program A Prairie Home Companion, has provided a living museum of the production, tone and listener's experience of this era of radio for several generations after its demise. Produced live in theaters throughout the country, using the same sound effects and techniques of the era, it ran through 2016 with Keillor as host. The program included segments that were close renditions (in the form of parody) of specific genres of this era, including Westerns ("Dusty and Lefty, The Lives of the Cowboys"), detective procedurals ("Guy Noir, Private Eye") and even advertising through fictional commercials. Keillor also wrote a novel, WLT: A Radio Romance based on a radio station of this era—including a personally narrated version for the ultimate in verisimilitude. Upon Keillor's retirement, replacement host Chris Thile chose to reboot the show (since renamed Live from Here after the syndicator cut ties with Keillor) and eliminate much of the old-time radio trappings of the format; the show was ultimately canceled in 2020 due to financial and logistics problems. Vintage shows and new audio productions in America are accessible more widely from recordings or by satellite and web broadcasters, rather than over conventional AM and FM radio. The National Audio Theatre Festival is a national organization and yearly conference keeping the audio arts—especially audio drama—alive, and continues to involve long-time voice actors and OTR veterans in its ranks. Its predecessor, the Midwest Radio Theatre Workshop, was first hosted by Jim Jordan, of Fibber McGee and Molly fame, and Norman Corwin advised the organization. One of the longest running radio programs celebrating this era is The Golden Days of Radio, which was hosted on the Armed Forces Radio Service for more than 20 years and overall for more than 50 years by Frank Bresee, who also played "Little Beaver" on the Red Ryder program as a child actor. One of the very few still-running shows from the earlier era of radio is a Christian program entitled Unshackled! The weekly half-hour show, produced in Chicago by Pacific Garden Mission, has been continuously broadcast since 1950. The shows are created using techniques from the 1950s (including home-made sound effects) and are broadcast across the U.S. and around the world by thousands of radio stations. Today, radio performers of the past appear at conventions that feature re-creations of classic shows, as well as music, memorabilia and historical panels. The largest of these events was the Friends of Old Time Radio Convention, held in Newark, New Jersey, which held its final convention in October 2011 after 36 years. Others include REPS in Seattle (June), SPERDVAC in California, the Cincinnati OTR & Nostalgia Convention (April), and the Mid-Atlantic Nostalgia Convention (September). Veterans of the Friends of Old Time Radio Convention, including Chairperson Steven M. Lewis of The Gotham Radio Players, Maggie Thompson, publisher of the Comic Book Buyer's Guide, Craig Wichman of audio drama troupe Quicksilver Audio Theater and long-time FOTR Publicist Sean Dougherty have launched a successor event, Celebrating Audio Theater – Old & New, scheduled for October 12–13, 2012. Radio dramas from the golden age are sometimes recreated as live stage performances at such events. One such group, led by director Daniel Smith, has been performing re-creations of old-time radio dramas at Fairfield University's Regina A. Quick Center for the Arts since the year 2000. The 40th anniversary of what is widely considered the end of the old time radio era (the final broadcasts of Yours Truly, Johnny Dollar and Suspense on September 30, 1962) was marked with a commentary on NPR's All Things Considered. A handful of radio programs from the old-time era remain in production, all from the genres of news, music, or religious broadcasting: the Grand Ole Opry (1925), Music and the Spoken Word (1929), The Lutheran Hour (1930), the CBS World News Roundup (1938), King Biscuit Time (1941) and the Renfro Valley Gatherin' (1943). Of those, all but the Opry maintain their original short-form length of 30 minutes or less. The Wheeling Jamboree counts an earlier program on a competing station as part of its history, tracing its lineage back to 1933. Western revival/comedy act Riders in the Sky produced a radio serial Riders Radio Theatre in the 1980s and 1990s and continues to provide sketch comedy on existing radio programs including the Grand Ole Opry, Midnite Jamboree and WoodSongs Old-Time Radio Hour. Elsewhere Regular broadcasts of radio plays are also heard in—among other countries—Australia, Croatia, Estonia,[46] France, Germany, Ireland, Japan, New Zealand, Norway, Romania, and Sweden. In the United Kingdom, such scripted radio drama continues on BBC Radio 3 and (principally) BBC Radio 4, the second-most popular radio station in the country, as well as on the rerun channel BBC Radio 4 Extra, which is the seventh-most popular station there. #starradio #totalstar #star1075 #heart #heartradio #lbc #bbc #bbcradio #bbcradio1 #bbcradio2 #bbcradio3 #bbcradio4 #radio4extra #absoluteradio #absolute #capital #capitalradio #greatesthitsradio #hitsradio #radio #adultcontemporary #spain #bristol #frenchay #colyton #lymeregis #seaton #beer #devon #eastdevon #brettorchard #brettsoldtimeradioshow #sundaynightmystery #lymebayradio fe2f4df62ffeeb8c30c04d3d3454779ca91a4871

Dan and Guy delve into the valuation of AI startups and companies, featuring a comprehensive discussion on Alex Karp's new book and the current state of generative AI investments. The conversation then shifts to the public market, focusing on fluctuating valuations and the recent performance of major indices like the S&P 500. They also analyze the homebuilders and retail sectors, spotlighting companies like Toll Brothers and Walmart, and emphasizing the influence of rising interest rates and employment statistics. The episode wraps up with insights on significant upcoming earnings reports, particularly from Walmart, and their potential implications for the market. — FOLLOW US YouTube: @RiskReversalMedia Instagram: @riskreversalmedia Twitter: @RiskReversal LinkedIn: RiskReversal Media

Carl Quintanilla and Courtney Reagan broke down today's market set-up after President Trump laid out new tariff threats for 3 key industries: Autos, Pharma, and Semiconductors. Stocks under pressure as earnings from a number of sectors disappoint: Toll Brothers results hitting the homebuilders, Bumble plunging double-digits, and Etsy citing consumer headwinds… But that said: some green shoots in energy, from Solaredge to Occidental.  Within the hour: the team talked top tech picks with Wedbush's Dan Ives, fresh off a channel check in Asia; the state of the AI arms race with Logan Bartlett of Redpoint Ventures; broke down one sector still licking its wounds post-DeepSeek sell-off; and discussed Trump's decision to keep Biden-era rules around merger reviews - with one former FTC Commissioner who says that's not a bad thing.  Also in focus: Saudi-backed Future Investment Institute kicking off its “Priority Summit” in Miami, with President Trump expected to attend – David Faber brought a live read from the ground, and broke down expectations with CEO Richard Attias.  Squawk on the Street Disclaimer

Carl Quintanilla and Jim Cramer began the conversation discussing what the president's new call for tariffs might mean for the markets. In his remarks to reporters yesterday, President Trump suggested 25% tariffs on autos, pharma and semiconductors that could go even higher. The anchors then shifted to some of the day's biggest earnings movers, including Toll Brothers. Shares of the homebuilder dropped at the open following the company's miss on estimates. Later in the hour, the desk also mentioned Bill Ackman raising his takeover offer for Howard Hughes Holdings, saying he will turn it into a ‘modern-day Berkshire.'  Squawk on the Street Disclaimer

¡Emprendeduros! En este episodio Rodrigo nos da una actualización de mercado donde habla de la situación del Mercado, los numeros de inflacion, las decisiones de los bancos centrales y los nuevos estimulos de China. Nos da los reportes de ingresos de Oracle, Toll Brothers, Autozone, GameStop, Adobe y Macy's. Después habla de la nueva derrota de TikTok, las fusiones y adquisiciones y la nueva frontera tecnologica. Finalmente nos da el crypto update donde habla de las liquidaciones y de Microstrategy entrando al Nasdaq 100. Para mas información sobre el fondo visita: https://www.emprendedurosventures.com/ Para conocer mas de LIV visita: https://www.liv.place/ Que es LIV: https://youtu.be/9EE23vOuiwA Póngase en contacto con LIV: roberto@liv.place o investors@liv.place Compra tu Mezcal Aleron para estas Fiestas con 15% de descuento en https://www.mezcalaleron.com/ ¡Síguenos en Instagram! Alejandro: https://www.instagram.com/salomondrin Rodrigo: https://www.instagram.com/rodnavarro Emprendeduros: https://www.instagram.com/losemprendeduros

Alissa Coram and Justin Nielsen analyze Monday's market action and discuss key stocks to watch on Stock Market Today.

Jeremy Crawford, president and CEO of FMLS, joins host Carol Morgan for this week's Atlanta Real Estate Forum Radio episode. In this podcast segment, Crawford discusses what the NAR settlement means for homebuyers. What is the NAR Settlement? According to the recent NAR settlement, Realtors, brokerages and other members of the National Association of Realtors (NAR) owned or affiliated MLSs must establish a clear buyer agency agreement before the buyer agency can show a home to a consumer. This practice has been present in the state of Georgia since 1991. However, nationwide it's a large part of the settlement. As responsibilities shift to Realtor-owned MLSs, the pressure is on to enforce compliance as the housing market continues to grow. Considering these changes, FMLS has taken a position of consumer transparency. Its fields remain available and serve as offers of compensation from the seller to the buyer agency. These fields are optional, putting the decision to accept or pass at agents' fingertips. “FMLS does not arbitrate, mediate or get involved in the offer of compensation,” said Crawford. “We provide fields in the database for the listings that the agents can use at their discretion.” The NAR Settlement from the Buyer Perspective The NAR settlement added new challenges to the home buying process, affecting agents, buyers and brokers. As of August 2024, MLSs involved with NAR cannot put offers of compensation on multiple listing sites nor advertise that information. This update makes it difficult for brokers and agents to access crucial information for their clients and causes buyers' costs to rise as well. “The entire process for buying a home now is a little more complicated,” said Crawford. “It may be more expensive for the down payment and closing perspective for the buyers and less transparent, because they can't find the information on the Internet as easily as they could.” Buyers are expected to pay for their own representation now, which has created a shift toward home shoppers trying to browse on their own. Professional guidance is important during the homebuying process. There are many factors that often get overlooked without a trained eye, such as location, school districts, flood risk in certain areas, zoning, etc. What about home builders' ever-changing commission and compensation packages? Crawford notes that many agents are still engaging and writing up buyer-agency agreements with clients. “We now have many of the top builders in Atlanta or FMLS broker members - Toll Brothers, DR Horton, etc. - they're all FMLS broker members,” said Crawford. “Their listings are within FMLS, and they provide some level of offer of compensation to those agents who have a buyer community that would have interest and bring them a buyer. And I think the process there is still going to be the same for the builders. They're still going to offer opportunities for the buyer and the buyer agency who brings the buyer in.” Tune in to the full interview above to learn more about FMLS or visit ww.FirstMLS.com. About FMLS FMLS is the fourth largest multiple listing (MLS) service in the nation. Since 1957, it has served over 57,000 real estate professionals, including agents, appraisers, brokers and home inspectors. FMLS is privately owned and not affiliated with the National Association of Realtors. Crawford said, “Our mission is really to help brokers and agents transact real estate so they can fulfill the American dream of home ownership for their clients, be it buyer or seller.” A special thank you to Denim Marketing for sponsoring Atlanta Real Estate Forum Radio. Known as a trendsetter, Denim Marketing has been blogging since 2006 and podcasting since 2011. It is currently working on strategies for the Google Helpful Content update and ways to incorporate AI into sales and marketing. Contact them when you need quality, original content for social media, public relations, blogging,

With the Fed rate decision just one week away, Carl Quintanilla, Jim Cramer and David Faber explored market reaction to the August Consumer Price Index. Inflation cooled year-over-year, but the core rate came in hotter than expected month-on-month. The anchors also discussed Tuesday night's contentious presidential debate between Vice President Harris and former President Trump. Toll Brothers CEO Doug Yearley joined the program at Post 9  with his take on the housing market amid falling mortgage rates. Also in focus: The bank sector slide, the anchors remember 9/11 on the 23rd anniversary of the terror attacks on America. Squawk on the Street Disclaimer

¡Emprendeduros! En este episodio Rodrigo nos da una actualización de mercado donde habla de la situación del Mercado, el discurso de Jerome Powell, los números de empleo, las bancarrotas, los problemas en China y la huelga de los trenes en Canada. Nos da los reportes de ingresos de Palo Alto Networks, Toll Brothers, Lowe's, Target, Snowflake y Baidu. Después habla de la demanda del SEC a Karl Icahn y la victoria de FuboTV. Finalmente nos da una actualización de crypto donde habla del fraude de McDonalds.

How will you thrive in commercial investing amidst a changing real estate market and economic condition?Let's welcome Dennis Cisterna III in this week's episode, sharing his journey from the residential to the commercial side of the business! Dennis shares his perspectives on the current situation of the housing and real estate market, the advantages of investing in retail, office, and industrial, and how powerful the fund model is!Key Points & Relevant TopicsDennis' focus on single-tenant long-term net leases and commercial real estate in generalThe current condition of the economy, housing market, and interest ratesWhat markets and assets investors should be focusing on in the current market situationDennis' insights on investing in office buildings, retail space,s and industrial and their opportunitiesBenefits of having a fund model for investors and operatorsThings investors should be looking for in a fund modelHold period and exit strategies in a fund modelResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Dennis Cisterna IIIOne of the most well-known executives in the real estate investment sector, Dennis Cisterna guides the firm's investment strategy and growth. Relying on his keen sense of market dynamics, he has built a reputation for being a first-mover in many market niches. Over his 25-year career, he has completed nearly $4 billion worth of real estate transactions across the U.S. and Europe. Deftly moving between commercial and residential investments, Dennis is also the founder of Guardian Residential, where he was at the forefront of the SFR build-to-rent sector in his partnership with Lafayette Real Estate and the Carlyle Group. He previously served as the CEO of Investability Solutions, a vertically integrated service provider to institutional real estate investors. Prior to that, Dennis served as Managing Director of FirstKey Lending, a portfolio company of Cerberus Capital Management. Over his 20-year career, Dennis has held a wide variety of management positions within the real estate investment and development sectors including key roles at notable firms such as Johnson Capital, Lennar, and Toll Brothers. He has served as a member of NAIOP, ICSC, the National Rental Home Council, ULI, the National Association of Home Builders, and the National Multi-Housing Council. A frequent speaker at economic and real estate conferences across the nation, Dennis has given his investment insights to tens of thousands of investors over the past several years and is regularly cited in the media as one of the foremost real estate experts in the United States. He has served as a monthly contributor for U.S. News & World Report and Builder & Developer and previously hosted The Investability Podcast. He has received numerous industry awards including being named a Rising Star in HousingWire and a Net Lease Influencer by Real Estate Forum. He is a Licensed Real Estate Broker in California and has a B.A. in Political Science from San Diego State University. Get in Touch with DennisWebsite: https://www.sentineloppfund.com/  / https://sentinelnetlease.com/ To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

This week on The Home Builder Digital Marketing Podcast, Craig Neal of Toll Brothers joins Greg and Kevin to discuss how home builders can create customer-focused sales and marketing teams. https://www.buildermarketingpodcast.com/episodes/227-customer-focused-home-builder-teams-craig-neal

Fed officials weighing in recently on the path ahead for rates; Jefferies Chief Market Strategist David Zervos breaks down what you need to know. Vital Knowledge's Adam Crisafulli and Stifel's Barry Bannister on the market action, including why Bannister remains bearish on equities. Earnings from Urban Outfitters, Toll Brothers and Viasat. Scale AI announced a $1B raise at a nearly $14B valuation, including investments from Meta, Nvidia, Amazon and more. Founder and CEO Alexandr Wang joins in an exclusive interview to discuss how the company will use the money and how it uses data. BofA analyst Geoff Meacham on what Eli Lilly's drug approval in China means for the stock.  

Welcome back to America's #1 Daily Podcast,  featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris?  Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://premiercoaching.com Are you STILL hearing from your would-be seller clients something that sounds like this? "I'd sell today, but where would I move to?"  "I'd love for you to list (and sell) my home, but I don't want to be homeless!" Instead of saying: 'Yes, I know... I've got you set up with a drip system, so you'll see the newest listings.' HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.com/ What if your seller/buyer is being more proactive than you are? Are they going to open houses without you this weekend? Are they visiting new construction? Are they sending postcards to homeowners in their favorite neighborhoods? Have they ghosted you? REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, alltheleads.com/harris TOP FIVE SOLUTIONS to turn Would-Be Sellers into LISTINGS! 1 Consider building a home instead of chasing after the scarce resale inventory.  There are several advantages to this option.  First, many builders are buying down interest rates using their in-house financing.  The buyer can lock in a better rate this way.  Next, the house is new.  No rehab for them and no inspection woes for you.  Your client can get their home on the market a few months before completion and not have to move twice.  Finally, when your client builds, they aren't having to compete in a bidding war.  Builders with in-house financing also have superior mortgage interest rates.  (In a 7+% interest rate environment, Toll Brothers has a 5.8% 30-year fixed rate program this week!) 2 Consider buying first, closing, and then listing the previous home.  Don't assume your buyer/seller prospects won't or can't utilize this option.  They may have a downpayment saved that isn't their home equity.  They might use a bridge loan to borrow their equity, close on the next home, and then sell the old one.  You don't know if you don't ask.  The advantage is that your client can make a non-contingent offer, secure their next home, and deal with their old house later. Make sure you know lenders who offer bridge loans and that you understand how to explain this option. 3 Consider selling first, renting for a while, and taking the time to look for the right home.  The advantage here is the seller has cashed out their equity and is ready to pounce on the right home, but without the pressure of organizing closing and possession dates.  Who are your go-to leasing agents?  Consider both traditional rentals, short-term vacation rentals that may consider a lease, and apartment complexes.   Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/ What's the bottom line? You can't just wait around for listings to appear for your seller prospects who have to buy!  Be proactive with different solutions that could work for them.  You'll have more transactions, and they'll value your expertise, netting you both current business and future repeat referrals.  

On the latest Walker Webcast, Willy was joined by Doug Yearley, Chairman and CEO of Toll Brothers, one of the nation's leading luxury home builders. He and Willy discussed how he climbed the ranks at Toll Brothers, lessons learned from his mentor Bob Toll, the importance of marketing and branding, the secret to the company's high retention rate, what we can expect to see from the company in the future, and so much more. Watch or listen to the replay.   If you have any comments or questions, please reach out to your main Walker & Dunlop point of contact. We are all available to answer questions and provide assistance. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions.