Hurricane Helene & Milton Makes Young Adults Rethink Housing Choices
Release Date: 10/09/2024
this Week in Real Estate
This week on tWiRE – This Week in Real Estate, we’re diving into a storm of high-stakes decisions and shifting market dynamics: 🔥 Zillow ignites controversy with its private listing policy—sparking a public brawl between CEOs, a defensive blog post from Zillow Group’s Errol Samuelson, and a sneaky return of ‘commingled listings’ after a 4-year break. 📉 Meanwhile, America’s housing market is officially hitting the brakes. Home sales have slumped to their slowest pace in 6 years, prices are cooling, and sellers are scrambling to stay competitive—44% are now offering buyer...
info_outlinethis Week in Real Estate
Zillow Just Dropped a Bombshell on Private Listings 🔥 Starting in May, Zillow—and now Redfin—is cracking down on privately marketed homes. In response to mounting pressure from lawsuits and industry watchdogs, these giants will block listings that were promoted elsewhere but never hit the MLS. Is this a win for transparency, or a veiled power grab? Also in this episode: • Consumer advocates praise the new listing policy, citing fairness for buyers. • Florida Realtors push back hard against efforts to abolish FREC, calling it a dangerous move. • Leadership shake-up: Gino Blefari...
info_outlinethis Week in Real Estate
Private listings, broker lawsuits, and mortgage mayhem — Episode 312 is packed with the headlines shaping the future of real estate. This week on tWiRE (This Week in Real Estate), we’re diving headfirst into the chaos, clarity, and controversy rocking the housing industry. 🕵️♂️ Private Listing Networks Are Here In the wake of the NAR’s massive commission settlement, major brokerages are rolling out their own private listing networks — sidestepping the traditional MLS system and stirring up fresh concerns around transparency, competition, and access. Is this the beginning of...
info_outlinethis Week in Real Estate
This Week in Real Estate (tWiRE) Episode 311 unpacks a wild week of housing headlines—from legal showdowns to market shakeups. We’re covering everything agents, buyers, and investors need to know: 📌 MLS Mayhem: NAR’s new policy is forcing MLSs nationwide into high-stakes implementation chaos—how fast will compliance actually happen? 📌 Rocket + Mr. Cooper = $9.4 Billion: One of the biggest fintech mergers in real estate history is in motion. What does this mean for the future of mortgage servicing? 📌 Agent Burnout & NAR Backlash: New data shows real estate pros are more...
info_outlinethis Week in Real Estate
This Week in Real Estate, where the headlines hit harder than your March Madness bracket! This week’s top stories reveal shifting power dynamics in real estate, rising insurance crises, and a wild MLS tech fire sale. 🔥 In this episode: • NAR’s strategic pivot: Clear Cooperation survives—but with new seller flexibilities. What this means for pocket listings, buyer representation, and broker tactics. • Instagram beef: Compass and Windermere go head-to-head in a public CCP showdown. Who’s winning the court of public opinion? • MLS drama unfolds: Mega MLSs are looking to...
info_outlinethis Week in Real Estate
🔥 tWiRE Podcast: The FED Announces Rates & Billion-Dollar Real Estate Upheaval! 🚨 This week on tWiRE, we’re diving into major shake-ups in the real estate industry—billion-dollar mergers, leadership shifts, lawsuits, and THE FED’S RATE ANNOUNCEMENT. Buckle up, because this episode is packed with game-changing updates! 🏡 Market Shifts & Mortgage Moves: • Mortgage demand drops after 9 weeks of steady movement—what does it mean for buyers? • The Fed’s latest rate decision and how it will impact homebuyers, investors, and the housing market overall. • Home...
info_outlinethis Week in Real Estate
🚨 REDFIN SOLD?! Rocket's $1.75B Power Move & Stocks are TANKING! Whats up with Inflation???! 🚨 🔥 This week in real estate: Rocket Companies just dropped a $1.75 BILLION bombshell—buying Redfin in a move that could slash transaction costs by 50%?! But is this really a win for consumers? Meanwhile, Florida’s housing inventory just hit an all-time high, mortgage rates are dipping, and 1 in 7 home sales are getting canceled. Is the market shifting in buyers' favor? 🏡 Here’s what we’re covering in Episode 308: ✅ Rocket + Redfin merger – What it means for homebuyers &...
info_outlinethis Week in Real Estate
🤖 AI Replaces Agents & a HUGE Fee Skimming Scandal is EXPOSED! This week, the real estate world is getting shaken up in big ways: 🔥 AI Real Estate Agent Closes $100M in Sales – Is this the beginning of the end for human agents? 💰 AMCs Caught in a Fee Skimming Scandal – A new lawsuit reveals shocking industry deception! 📉 Mortgage Rates Drop to 2-Month Lows – But why isn’t demand skyrocketing? 🏡 NAR Pays $197M Settlement – What’s next for commissions and agent paychecks? 📊 U.S. Housing Market Gains $2.5T in Value – What’s fueling this growth? 💵...
info_outlinethis Week in Real Estate
🚨 Zillow vs. REX Legal Battle Heats Up + Is It Really a Buyer’s Market? 🚨 This week on tWiRE, we’re diving into Zillow’s ongoing legal fight with REX, as the DOJ weighs in—what does this mean for the future of real estate search and commissions? Plus, a judge in the class-action lawsuit against real estate agents is "surprised and confused" by buyers' latest move. 🤯 🏡 Market Shift Alert: Easy deals are over? Gary Keller says agents need to adjust—fast. Luxury price check: How much $$$ does it take to buy high-end real estate in every state? More homes for sale, but no...
info_outlinethis Week in Real Estate
🔥 The Housing Market Is Shifting FAST—Are You Ready? 🔥 🚨 BIG Changes in Real Estate! 🚨 🏡 Robert Reffkin vs. Gary Keller? The Clear Cooperation debate is heating up—what’s really going on? 🏠 Zillow’s Rental Takeover—25% revenue growth in Q4 signals their next big move. What does this mean for landlords & renters? 📉 2025: A Renter’s Market?! But economists say it won’t last—here’s how to take advantage while you can. 💰 Refinance BOOM! Mortgage refinance demand just hit its highest level since October—but homebuyers are pulling back. 🔥 Plus,...
info_outlineOn today’s episode, we tackle some of the biggest stories shaking up the real estate world. NextHome CEO James Dwiggins is taking a stand, addressing critics of NAR’s Clear Cooperation policy—how will his comments reshape the debate? Meanwhile, eXp Realty has agreed to a massive $34 million settlement to resolve antitrust commission lawsuits. What impact will this have on the industry?
Additionally, the commission suit against Howard Hanna and an MLS has been tossed out on its merits, providing a significant legal victory in a time of increasing scrutiny on commissions. We’ll also dive into Realtor.com’s new legal battle, claiming that a former editor violated federal law—what does this mean for real estate media?
As we look ahead to 2024, we explore what homebuyers are expecting from real estate agents. With the role of agents constantly evolving, what do buyers want in today’s fast-changing market?
In broader housing news, nearly one-third of young adults say Hurricane Helene has influenced their decision on where to live, and September marked a major turning point for demand as pending home sales leveled off after nine months of declines. Tours hit their highest levels since April, showing a possible market revival.
However, mortgage rates have jumped following a strong jobs report, though consumer sentiment is at a 30-month high. Optimism about mortgage rates is growing, but will that translate into a housing market rebound?
Join us today as we break down these critical stories and more. Subscribe, hit the bell for notifications, and join the live discussion on Clubhouse.