Nov 13 2024 68 mins 2
[Audio improves at 3:02]
This week’s episode dives deep into the major developments shaping the housing market and the real estate industry. Compass CEO Robert Reffkin has made a bold statement, claiming Zillow could become the national MLS—is this the future of real estate? Meanwhile, Q3 earnings reports are illuminating the early impact of NAR's commission rule changes, raising questions about how these shifts will reshape agent income.
Legal challenges remain front and center, as a law professor warns that an 'unconstitutional' court order could derail NAR’s settlement deals on appeal. Plus, Anthony Hitt is stepping down as CEO of Engel & Völkers Americas—what’s next for this luxury real estate giant?
In market news, mortgage demand has stalled, and pending home sales held steady leading up to the election, despite mortgage rates hovering near 7%. Experts predict rates will remain elevated and volatile as financial markets digest the Trump presidency and its implications for the economy. Speaking of politics, we’ll explore how Trump’s mass deportation plan could impact immigrant workers and the housing market, and why America’s toughest housing markets are trending red.
On the rental side, national rents remained flat in October, but East Coast and Midwest metros are seeing sharp increases. Finally, we’ll look ahead as Zillow predicts which design trends will dominate in 2025.
Join us today at 10 PST / 1 EST as we break down these critical topics and their implications for buyers, sellers, and agents. Don’t forget to subscribe, hit the bell for notifications, and join the live conversation on Clubhouse!
