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Why do real estate agents read contracts#shorts
Just a little real estate humor
#realestate #humor #funny
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Silicon Valley Bankers will fail up, Numbers aren't working for new home buyers, and some tweets!
Had a great show tonight, here are some highlights
Started off with a discussion of how a real estate agent looks at a “hot” housing market….it’s not that great…And, what I like to do.
We talk about the Silicon Valley Bank drama. And we take a definition of “Moral Hazard” and see how that definition relates to the current federal efforts to “secure” the banking system.
30 year mortgage rate tumbled again today. What is this about? We take a look from mortgage news daily.
Most of the tweets tonight were related to the Silicon Valley Bank issue. One particular tweet got annoying…just because no taxpayers are bearing the brunt of the new backstop, the clients of the banks are. And, all will pay with higher inflation going forward.
Three articles
How to talk to your clients about a market correction. I appreciated the author defining her various of what a market correction would be. After that, the question of luxury home owner versus average seller…I think the care that should be taken should be similar.
A second article was about how real estate as an asset class dipped for the first time since 2012…It was a little hard to understand…
Finally, an article about how the numbers aren’t making sense for homebuyers. I totally get that. What is going to happen when the interest rates go down and home prices go even higher because of real inflation? Not looking great any time soon.
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Twitter is not real life?
Mortgage Rates came in at 6.57 percent on a 30 year fixed today.
Mortgage Rates Tumble, an explainer?
https://www.mortgagenewsdaily.com/markets/mortgage-rates-03132023
What is a “moral hazard”?
https://www.cbsnews.com/news/explainer-moral-hazard/
On the Twitter
Markets & Mayhem
https://twitter.com/Mayhem4Markets/status/1635453684275466242
Santiago Capital
https://twitter.com/SantiagoAuFund/status/1635451005415354370
Jeff Weniger
https://twitter.com/JeffWeniger/status/1635446142862524417
The Clash 2022
https://twitter.com/TClash2022/status/1635435848215691264
Sid Prabhu
https://twitter.com/sidprabhu/status/1635440683220889600
Sid Prabhu
https://twitter.com/sidprabhu/status/1635435093207699456
Jim Bianco
https://twitter.com/biancoresearch/status/1635407339711787008
Tracey Ryniec
https://twitter.com/TraceyRyniec/status/1635416262988951553
The Broke Agent
https://twitter.com/TheBrokeAgent/status/1635409747376754689
Real Estate News and Commentary
How to prepare for a housing market “correction”
https://www.rismedia.com/2023/03/13/how-prepare-housing-market-correction/
Real Estate Asset Value Falls?
https://eyeonhousing.org/2023/03/households-real-estate-asset-value-falls-for-first-time-since-2012/
“Numbers aren’t working” for home buyers?
https://www.foxbusiness.com/real-estate/first-time-homebuyers-detail-affordability-battle-worse-2008-numbers-not-working
Drop me a line @ media@deerwoodrealtystl.com
We’re online at https://www.deerwoodrealtystl.com/
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High Credit Card Debt, Low Savings and High Employment???
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My Curiosity in Gambling #shorts
why do people like to gamble? let me know in the coment section
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NAR chief economist reaction to the jobs report#shorts
Lawrence Yun's reaction and commentary on the jobs report. What do you think?
Full Reaction Here
https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-march-10-2023
#realestate #business #reaction
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Showed some houses tonight, some thoughts, odd thought on bank non bailout bailout.Good to have sway
Welcome to the Sunday chill stream…a little less intense than the normal stream. Here are the things we discussed.
I showed some houses…3 things came to mind
1. Why should my buyers pay 30k more for a house that was just purchased less than six months ago that has never been lived in and will net the seller 13 or more thousand dollars for doing nothing?
2. Time change….It takes me forever to get it figured out…so annoying.
3. When real estate agents show property they haven’t gotten a confirmation to show…so annoying.
We went over some tweets. There was a lot related to Silicon Valley Bank and the non bailout bailout for depositors. Will it prevent a bank run on Monday? What will happen to the 30 year fixed mortgage rate?
Finally, In my time on this earth I’ve noticed one sure way to make millions. Exploit the poor and the homeless. We review a story out of NYC where the well connected used a portion of the hundreds of millions of dollars earmarked for homeless to their own business benefits. It’s disgusting, and yet it’s a story as old as time.
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Showings tonight….
Daylight savings time….supras don’t recognize it….strange
I wasn’t showing the house?
Someone paid 290 for a house In November of 2022, never lived in it, never repaired it, and then just put it on the market for 318…and the commission is likely around 15k since they are using a discount broker so should my buyers put in an offer? Imagine holding a house for 6 months and netting 13k…This is why the market is broken.
On the Twitter
Ali Wolf
https://twitter.com/AliWolfEcon/status/1635089211526381568
Ryan Crownholm
https://twitter.com/RyanCrownholm/status/1635080114701766661
The Broke Agent
https://twitter.com/TheBrokeAgent/status/1635070615102324736
Darth Powell
https://twitter.com/GRomePow/status/1635060596751335424
Lance Lambert
https://twitter.com/NewsLambert/status/1635006623281471489
Real Estate News and Commentary
Wanna Get Rich? “Help” the poor…
https://therealdeal.com/new-york/2023/03/11/real-estate-brokerage-owner-pleads-guilty-in-bribery-scheme/
Drop me a line @ media@deerwoodrealtystl.com
We’re online at https://www.deerwoodrealtystl.com/
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Been a long week, let's do some real estate related jokes/work on the new setup
It’s been a tough and serious week..let’s have some fun tonight with some jokes and just chill.
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We did some real estate jokes today, testing out the new monitor, etc…
https://kidadl.com/funnies/puns/realtor-jokes-puns-that-are-much-funnier-than-real-estate-agents
On the Twitter
Real Estate News and Commentary
Drop me a line @ media@deerwoodrealtystl.com
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For Home buyers and Sellers #shorts
finding someone you can trust is always important #housingmarket #homebuyers #advice
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Silicon Valley Bank, one day later....we saw some houses....come hang tonight
This is a placeholder for tonight's stream...scheduled for 9 PM but I might be late due to a full evening of showing houses...
We'll talk about Silicon Valley Bank, just one day after the head of the bank said to remain calm and not panic....Bank has been taken over by the FDIC...Maybe more panic was actually in order.
Showed some houses....will give my observations...going to be an interesting weekend because rates are without a doubt much higher than last weekend. Will that squeeze some homebuyers?
Tweets, Article analysis, and tomfoolery, come join me tonight.
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This is a sign #shorts
are you complating whether to buy a new pc or keep using your old one? well, here's the sign to buy a new one instead. #computer #sign #lifelessons
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Trying to understand the Silicon Valley bank issues, 84 percent of home sellers have regrets?
Hey There! We devoted a large portion of our show tonight to the issues related to the Silicon Valley Bank. Are they experiencing a run? Is that appropriate given the information presented? What’s going on? We look to cover this through various articles and tweets.
We moved on to a discussion of a pilot program that seems to indicate that Fannie Mae may not require title insurance on some properties. This seems like a terrible idea….and in reading through the article, yes, just a bad idea.
Finally, from a Zillow report, why would 84% of first time home sellers have regrets about selling their home..We went over the top 4 regrets. It seems like the article is actually more of a general overview of regrets one could have over a given number of years and not necessarily pertinent to the current home selling environment we’ve had over the past few years.
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Mortgage Rates came in at 7.00 percent on a 30 year fixed today
1. Silicon Valley Bank…
https://finance.yahoo.com/news/svb-financial-ceo-asks-silicon-205352312.html
On the Twitter
Jamie Quint
https://twitter.com/jamiequint/status/1633956163565002752
CH
https://twitter.com/Econimica/status/1633353527211995136
Darth Powell
https://twitter.com/GRomePow/status/1633985273179824128
Peter Schiff
https://twitter.com/PeterSchiff/status/1633985200811130882
Tracey Ryniec
https://twitter.com/TraceyRyniec/status/1633981084869206016
Bucco Capital Guy
https://twitter.com/buccocapital/status/1633946405432700932
Charlie Bilello
https://twitter.com/charliebilello/status/1633961665661157378
Alf
https://twitter.com/MacroAlf/status/1633944102826909703
Real Estate News and Commentary
Eliminating title insurance during the home purchase process?
https://www.housingwire.com/articles/fannie-mae-rumored-to-be-looking-at-forgoing-title-insurance/
First Time Home Seller Regrets?
https://www.realsimple.com/zillow-first-time-home-seller-regrets-7187274
Drop me a line @ media@deerwoodrealtystl.com
We’re online at https://www.deerwoodrealtystl.com/
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"Not Yet" a Recession
The employment number is what I'm wondering about. War maybe?
Watch the full livestream in our youtube channel
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Bobcats...Betting on scripted outcomes....The best time to sell your home?
Had a great show tonight….here are some of the highlights
Started off with some common misconceptions about real estate agents in general. We need transactions, period. The incentive to raise the sales price or lower the sales price is more of a function of working for your buyer or seller…it’s not about some sort of odd perverse incentive for more/less in commission.
Bobcat found in a house? While the homeowners were away..What would you do? I explain what I’d do. Watch the video to see what that is.
WWE in talks to bring legalized gambling on scripted matches? Seems suspicious. Just saying. I’m not taking a position of no…just more baffled than anything else.
We looked at two tweets about car prices..and I made the point that anything financed is in some way related to housing at some point. When we see higher auto loan delinquencies AND higher loan amounts for new cars…seems like that is a problem for the banks.
Finally, we talked about two articles on Realtor.com, 5 ways to negotiate with tough sellers and 5 things to look at when deciding to sell your home. I offered my insight in this market in St. Louis…it might be different where you are.
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Mortgage Rates came in at 7.05 percent on a 30 year fixed today…up 2 basis points
Bobcat…in a house…what does one do?
https://www.kmov.com/2023/03/08/dont-handle-homeowner-returns-work-find-wild-bobcat-inside-dogs-bed/
WWE in talks to allow legalized sports betting….on predetermined matches?
https://www.cnbc.com/2023/03/08/wwe-betting-scripted-match-results.html
On the Twitter
Zerohedge
https://twitter.com/zerohedge/status/1633114680779522052
Nick Gerli
https://twitter.com/nickgerli1/status/1633536085308366866?s=43&t=QlG4CVfHOkSxxiBKIDu40g
George Gammon
https://twitter.com/GeorgeGammon/status/1633505708044955648
Charlie Bilello
https://twitter.com/charliebilello/status/1633654593023270917
Genevieve Roch-Decter, CFA
https://twitter.com/GRDecter/status/1633647691153526784
Liberty Lyss
https://twitter.com/liberty_lyss/status/1633623400764547074
Steve Burns
https://twitter.com/SJosephBurns/status/1633644579487358978
Real Estate News and Commentary
The BEST time to sell your home?
https://www.realtor.com/advice/sell/best-time-to-sell-home/
Negotiating with tough sellers?
https://www.realtor.com/advice/buy/5-home-buyer-tactics-that-will-crack-negotiation-stalemates/
Drop me a line @ media@deerwoodrealtystl.com
We’re online at https://www.deerwoodrealtystl.com/
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On computers....we're back. The housing market is odd, let's discuss!
It’s good to be back!
We started off with a frank discussion of the current residential market in St. Louis. Buyers are still everywhere…wild to see.
We discussed some tweets, one in particular from Nassim Taleb caught my attention because he relayed a story about a real estate agent moonlighting as an uber driver. The driver/broker relayed that the real estate market is really hot, but in theory if the market was that great, shouldn’t the uber driver be selling real estate and not driving? Interesting….just an interesting thought experiment.
If you were camping, and a bear was running to attack you, would you leave your slower friend to be mauled by the bear? What about other real estate agents…
Finally, we went over an article that touched on reasons why some might decide to sell their home. It didn’t match up with what I usually see from sellers. The majority of sellers I see just want out of their house…there’s not a whole logic to it..much more emotional based decision making.
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Mortgage Rates came in at 7.03 percent on a 30 year fixed today.
The great computer drama…it’s built, tell me what you think!
When a bear attacks…
https://nypost.com/2023/03/01/when-a-bear-attacks-dont-push-a-slower-friend-down-national-park-service-says/
On the Twitter
Nassim Taleb
https://twitter.com/nntaleb/status/1633108703850254337
Lance Lambert
https://twitter.com/NewsLambert/status/1633297640514306053
Gary Brode
https://twitter.com/Gary_Brode/status/1633169746152570881
Car Dealership Guy
https://twitter.com/GuyDealership/status/1633110490753712128
Real Estate News and Commentary
Why do you want to sell your house? Are there signs?
https://www.rismedia.com/2023/03/07/what-signs-you-may-want-sell-your-home/
The BEST time to sell your home?
https://www.realtor.com/advice/sell/best-time-to-sell-home/
Negotiating with tough sellers?
https://www.realtor.com/advice/buy/5-home-buyer-tactics-that-will-crack-negotiation-stalemates/
Drop me a line @ media@deerwoodrealtystl.com
We’re online at https://www.deerwoodrealtystl.com/
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Upsizing or Downsizing for Homebuyers?
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Here is the REASON WHY Homebuyers Hibernate #shorts
what do you think is the reason why homebuyers hibernate?
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I Don't Trust Inspectors Anymore... #shorts
It's not easy to trust anymore, don't you think?
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You are NOT allowed to speak your mind #shorts
rules and regulations, violations and the etc.
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