this Week in Real Estate

Are we there yet? Are we heading into the housing crash that "everyone" has been warning about? Are economist right or wrong?? Today we dive into home price and what ever happen to the spring housing market? We talk about recent mortgage demand and how it responded to interest rates and why is "Drought = Stricken Phoenix" such a hot market for relocating?? PLUS Zillow has a ne AI Powered Super Listing tool and Chatbots are discriminating while Howard Hanna leaves the MLS. Join the discussion with our special guest Rick Gonzalez and Rebekah Daniels! ___________________ THE RUNDOWN ___________________ 0:00 - Intro & much maligned banter. 7:45 - Home prices rose for third straight month in April, S&P Case-Shiller index says 21:14 - Housing Market Update: The Spring Homebuying Season That Never Happened 22:53 - Mortgage demand grows, driven by sales of new homes 30:28 - Drought-Stricken Phoenix Is the Top Destination For Relocating Homebuyers 40:46 - Most Americans want to live in walkable communities, study shows 44:57 - Expert warns landlords over progressive policies allowing squatters wreak havoc: 'Law is not on your side' 47:50 - Zillow rolls out AI-powered 'super listing' tool 1:02:57 - Will chatbots make housing discrimination worse? 1:14:15 - Howard Hanna generates a stir with IDX departure __________________________ -- SOURCED ARTICLES -- __________________________ * https://www.cnbc.com/2023/06/27/home-prices-rose-for-third-straight-month-in-april-sp-case-shiller.html * https://www.redfin.com/news/housing-market-update-spring-homebuying-season-never-happened/ * https://www.cnbc.com/2023/06/22/home-sales-flat-may.html * https://www.cnbc.com/2023/06/28/mortgage-demand-grows-driven-by-sales-of-new-homes.html * https://www.redfin.com/news/housing-migration-trends-may-2023/ * https://www.realtrends.com/articles/americans-prefer-living-in-walkable-communities/ * https://www.foxbusiness.com/real-estate/expert-warns-landlords-progressive-policys-squatters-wreak-havoc-law-side * https://www.inman.com/2023/06/27/zillow-rolls-out-ai-powered-super-listing-tool/ * https://www.realtrends.com/articles/showingtime-launches-ai-powered-listing-showcase-on-zillow/ * https://www.realtrends.com/articles/americans-prefer-living-in-walkable-communities/ * https://www.realtrends.com/articles/howard-hanna-generates-a-stir-with-idx-departure/

Are you celebrating too soon??? Building materials prices fall, single family starts post a solid gain in May and builder confidence moves positive for June! Are these all signs that the economy and housing market is recovering?? Not so fast!! Powell expects more fed rate hikes ahead, there were fewer homes for sale in may than any other month on record and double digit declines for single family permit in April EVERYWHERE! Is the hill too steep for builders to climb? What's the way out of this mess?! Join the conversation and lets take a look today! ___________________ THE RUNDOWN ___________________ 5:01 - Mortgage rates continue to come down 7:34 - Weekly mortgage demand was flat, even as interest rates drop for the third straight week 16:09 - Building Materials Prices Fall for Second Month Straight 26:33 - Double Digit Declines for Single-Family Permits in April 2023 in All Regions 30:15 - There Were Fewer Homes for Sale in May Than Any Other Month on Record 36:13 - Single-Family Starts Post Solid Gain in May 43:38 - Builder Confidence Moves into Positive Territory in June 46:58 - Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’ 53:40 - Keller Williams and agent hit with class action telemarketing suit __________________________ -- SOURCED ARTICLES -- __________________________ * https://www.foxbusiness.com/real-estate/mortgage-rates-continue-come-down * https://www.cnbc.com/2023/06/21/weekly-mortgage-demand-flat-interest-rates-drop-for-the-third-straight-week.html * https://eyeonhousing.org/2023/06/building-materials-prices-fall-for-second-month-straight/ * https://www.bls.gov/news.release/ppi.nr0.htm * https://eyeonhousing.org/2023/06/double-digit-declines-for-single-family-permits-in-april-2023-in-all-regions/ * https://www.redfin.com/news/housing-market-tracker-may-2023/ * https://eyeonhousing.org/2023/06/single-family-starts-post-solid-gain-in-may/ * https://eyeonhousing.org/2023/06/builder-confidence-moves-into-positive-territory-in-june/ * https://www.cnbc.com/2023/06/21/powell-expects-more-fed-rate-hikes-ahead-as-inflation-fight-has-a-long-way-to-go.html * https://www.inman.com/2023/06/16/keller-williams-and-agent-hit-with-class-action-telemarketing-suit/

This Week in Real Estate, we explore the U.S. inflation breakdown for April 2023, discuss the sudden rally in real estate stocks, and dive into homebuilder sentiment. We'll also tackle the office space crisis, trends in the rental market, and the surprising shift in Hamptons' rental prices. Special guest Chris Leeper joins us LIVE!

Tim Macy joins us on the show! This Week in Real Estate we cover the fed rate hike & 8 other stories you need to know! Join us as we delve into the impact of dwindling listings on skyrocketing home prices and discuss the potential implications of another Federal Reserve rate hike on the housing market. We'll also examine the recent dip in mortgage demand as bank failures loom and wealthy buyers face challenges. Discover the affordable alternatives drawing homebuyers to new metro areas and find out why 25% of homes in Austin and Seattle are more affordable than last year. Learn about the rollercoaster of home loans, the setbacks investors face with a shifting market, and how the lack of housing inventory is hindering sales. Plus, we'll touch on eXp World Holdings' efforts to maintain income gains despite year-over-year declines. Don't miss this comprehensive roundup of real estate news – subscribe and stay informed with "This Week in Real Estate!" ___________________ THE RUNDOWN ___________________ 4:54 - Spring Market Sprung: Dwindling Listings Boost Home Prices 14:57 - Another rate hike on the way? Is the Fed increasing rates again?! 22:53 - Mortgage Demand Dips as Bank Failures Loom, Wealthy Buyers Feel the Heat 34:25 - Affordable Alternatives: High Housing Costs Push Buyers to New Metro Areas 42:39 - Roughly 1 in 4 Homes for Sale in Austin and Seattle Cost Less Than They Would Have a Year Ago 45:02 - Up, up, down, down, left, right, left, right, B, A and Start but it's for your home loan... 52:10 - "The House of Cards Tumbles: Investors Count Their Losses as the Market Shifts: Investors Lost Money Homes They Sold in March" 54:52 - "Lack of Housing Inventory Hinders Sales: Pending Home Sales Drop 5.2% in March"