Real Estate News and Auction

As median sales value remains relatively stagnant and volume of listings remaining at historic lows, the Phoenix metropolitan housing market is experiencing more ebb than flow at the moment, real estate experts officials say.

What is the aftermath of recent legal developments in the real estate industry? In this engaging episode, Rob and Greg explore the impactful Sitzer v. NAR case, guiding you through the stages of grief experienced by the industry. From denial to anger, and from bargaining to acceptance, Rob and Greg walk you through the importance of showcasing value and embracing adaptability amidst changing practices. It’s an episode you don’t want to miss!

Golden Handcuffs on 3% mortgage holders .

The bestselling author and investor looks into a crystal ball.

If you're a U.S. homebuyer hoping for the return of the incredibly low mortgage rates of around 3 percent, don't count on it. According to Lawrence Yun, the chi

As 2023 comes to an end, fewer homeowners are facing foreclosure than they were earlier this year. But their relief could be short-lived.

On today’s episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about the jobs report and what the Fed should do next to help housing.

Related to this episode:

- The Fed was wrong about jobs and inflation: https://www.housingwire.com/articles/the-fed-was-wrong-about-jobs-and-inflation/

- Connect with Logan on LinkedIn: https://www.linkedin.com/in/logan-mohtashami-5167631/

- Follow Logan on Instagram: https://www.instagram.com/logan_mohtashami/

- Connect with Sarah on LinkedIn: https://linkedin.com/in/sarah-tester-wheeler

- HousingWire: https://www.housingwire.com/

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.

Congress has proposed new legislation to ban Wall Steet Investors and Hedge Funds from buying houses in the US Housing Market in 2024. This ban would also require Wall Street companies - including Blackstone, Invitation Homes, and Progress Residential - to sell off all their houses over the next 10 years.

The bill in Congress is called the End Hedge Fund Control of American Homes Act. And it would require all large investors in the Housing Market (who own more than $50 Million) to sell off their portfolio over ten years.

One city where investors could start selling soon is Las Vegas. This is an area where the investors piled in during the pandemic, buying as many as 40% of the houses in certain neighborhoods. But now those investor purchases have crashed and some investors - like AmericanHomes4Rent - are starting to sell their properties.

However - this selloff from investors is unlikely to crash the entire Housing Market. Because the big hedge funds that own real estate only own about 574,000 homes - about 0.6% of the entire US Housing Market. If they start to sell, they could cause home prices in certain cities and neighborhoods to collapse. But it is unlikely to cause a national housing downturn.

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Despite the hype, big investors are still a tiny percentage of homebuyers and not to blame for extremely low housing inventory.

Episode #854

There are huge opportunities for real estate investing in 2024. But before you buy, hear what the investing experts are doing to build wealth next year. For that, we’ve got the BiggerPockets "2024 State of Real Estate Investing Report"!

In today’s show, BiggerPockets VP of Data and Analytics, Dave Meyer, and co-host of the "On the Market" podcast, James Dainard, will share their thoughts on where the housing market could go in 2024, what happened in 2023, and the biggest opportunities for investors over the next year. From low mortgage rates to tiny down payments, living for free, and buying brand new homes at a discount, they'll share strategies even beginners can use to build wealth in 2024.

Want access to the entire "2024 State of Real Estate Investing Report"? Click here: https://biggerpockets.com/report24

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Hear Dave and James on the “On the Market” Podcast:
https://link.chtbl.com/OTM
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Try the BiggerPockets Real Estate Investment Calculators BEFORE You Buy:
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/
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Connect with James:
BiggerPockets: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @jdainflips or https://www.instagram.com/jdainflips/
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Connect with David on BiggerPockets:
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Follow David and BiggerPockets on Instagram:
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@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://link.chtbl.com/BPRE


00:00 Intro

01:24 Quick tip

01:58 2023 Housing Market Review

11:12 Strategy 1. Multifamily with 5% Down

12:46 Strategy 2. Low Rate New Construction

18:17 How to Invest in 2024

24:16 What to Look For

28:58 Grab the Report!

Only 4% of baby boomers and the silent generation are interested in this trend.

An amended complaint for the Phillips commission lawsuit in Georgia names several local independent firms as defendants.

A new class action lawsuit in California against the powerful National Association of Realtors is the latest action to mirror the $1.8 billion judgement that left the agents everywhere nervous.

Interest rates are an important driver of the US economy and the stock market, and the potential for cuts could mean lower mortgage rates next year.

Tuesday's inflation reports show that Federal Reserve rate cuts are in play in 2024 because real rates are too high.

An antitrust suit filed against NAR, several brokerages and local affiliates is the latest in a wave of copycat lawsuits over broker commissions.

The Federal Reserve's interest rate increases may slow economic growth for a decade or more, according to a recent estimate from San Francisco Fed economists.

1.Coop Comp No more in MLS

2.Will have comp offer in sales contract

3.NAR will ask for 4 year Assessment $$ to pay lawsuit

4. Part time agents will drop 75%

5. New Home Buyers will be able to finance in mortgage

6.Higher end homes Buyer brokers will have to show value

7.Buyers Agents will need for buyers to pay their commission

8. No more code of ethics

9 Buyer broker cant advertise services free

10. New broker models will  be introduced

11. Redfin Zillow Open Door will pick up market share

12. 20% of agents will do 90% of business

13. Buyer broker agreement mandatory

14. NAR membership not needed for MLS access

Some very interesting dynamics are happening right now in the United States housing market. For example, for the past month there’s been slightly more homes for sale compared to the same timeframe one year ago but before then housing inventory was down for 20 consecutive weeks. This is drastically different from the 50-60% year-over-year gains experienced from December 2022 through March 2023. Also, based on my analysis of data 

Realtors are leaving the industry by the tens of thousands amid sluggish home sales.and lawsuits

The housing market might be turning around for frustrated would-be buyers as mortgage rates dip and listings rise, according to the real estate brokerage Redfin.

Deep Losses Revealed in Blackstone Mortgage Trust’s Real Estate Loan Portfolio

The Fed has much to answer for after their massive rate hikes and quantitative tightening policy, which disproportionally affected housing.