Real Estate News and Auction

Recent NEWS shows real estate agents leaving the industry at the highest levels since 2016 due to record low sales and overall economic slowdown. This has been a major contributor to the shift in real estate boards which can be best described as turf wars where local boards are fighting for territory and members. In this video I also provide data and statistics proving just how bad our current Canadian government has failed us whey it comes to housing and immigration/population growth. #realestate #realestateinvesting #housingcrash #realestateagent #economy #investing #news

links/references:


https://storeys.com/trreb-membership-decline/

https://www.reuters.com/world/americas/canadas-immigration-creates-mirage-economic-prosperity-economists-2023-07-26/

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The National Association of Realtors (NAR) has announced its intention to appeal a recent decision by a federal appeals court, which allowed the Department of Justice (DOJ) to reopen an antitrust investigation into NAR's practices. This appeal is expected to be taken to the U.S. Supreme Court.

The DOJ initially closed its investigation in 2020 after reaching a settlement with NAR. However, a clause in the agreement, which preserved the DOJ's right to reopen the investigation, has now been interpreted by the appeals court as valid, allowing the DOJ to revisit concerns about potentially anticompetitive practices in the real estate industry. These practices include NAR's rules regarding the Participation Rule and the Clear Cooperation Policy.

The DOJ argues that these practices may contribute to higher real estate commissions in the U.S. compared to other developed countries. NAR, on the other hand, is seeking to prevent the investigation from moving forward, citing concerns about the impact on the industry.

This legal battle could have significant implications for real estate practices, particularly regarding how commissions are structured and disclosed to consumers​(

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#housingmarket #downpayments #unemploymentclaims

On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about home prices hitting an all-time high even while mortgage rates stay elevated.

Related to this episode:

Home prices hit another record high in June | HousingWire
https://www.housingwire.com/articles/home-prices-hit-another-record-high-in-june/

Enjoy the episode!

The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.

Should Democrats give illegal immigrants $150K? Is this fair to taxpayers? In this critical video, Pace Morby dives into the newly passed Bill 1840 by the California Senate, a controversial move thst of all Californians.

Are we set on a potential hard landing in the housing market? Joining us in this episode is Logan Mohtashami, HousingWire's lead analyst, who provides valuable insights into the current state of the m
The current economic cycle is more similar to the early 2000s than the 2008 financial crisis.
The housing market has the potential for a hard landing if job lossesan-mohtashami/
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Vice President Kamala Harris’s campaign recently confirmed that she supports all the nearly $5 trillion in tax increases included in President Biden’s 2025 budget proposal. Among the long list of tax hikes is a novel proposal to tax the unrealized gains of wealthy Americans. As many commentators have noted, such a tax would be economically destructive, but the fervor over this one bad idea has distracted from other more wide-reaching and even more economically damaging proposals.

Join my next 4-day live real estate coaching program for agents: https://setmorelistingappointments.com

If you have any questions, feel free to DM me on IG: rickycarruth

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MBS Highway CEO Barry Habib talks about mortgage rates and what originators should be doing right now to prepare for lower rates.

Find out how many homeowners still cling to mortgage rates below 6%

Trump transition team member Tulsi Gabbard tells 'Hannity' how she's helping former President Trump prep for his debate with Vice President Kamala Harris. #foxnews #fox #hannity

Fixed income markets expect the Federal Open Market Committee to cut interest rates at its next meeting. The main question appears to be how deep 2024 cuts go.