One startup is aiming to end traditional real estate commissions for good. Jobs numbers get their most significant downgrade in over a decade, forcing the Fed to rethink its rate-cutting schedule. And if that wasn’t enough, home sales fell in a historically hot month of the housing market. But are the expert investors worried? In this headlines episode, we’re sharing the latest news affecting the housing market and what YOU can do now to still make money in real estate, no matter the headline hype.
First, we’re talking about the latest home sales numbers. With a slow summer homebuying season, we may return to a “balanced” market where investors can thrive if they know what they’re doing. What could bring more demand to the market? Lower mortgage rates. And with the latest revision on job numbers, downgrading job growth significantly, the Fed may be forced to pivot and make bigger moves when cutting rates. Will it happen?
Lastly, we’ll discuss the new state of real estate agent commissions. After the groundbreaking NAR lawsuit that put agent commissions in limbo, a new startup has set out to offer flat-fee real estate agent services in an à la carte fashion. Will paying just a few hundred dollars get you the level of agent experience you need to close better real estate deals? We’re discussing it all in this episode!
In This Episode We Cover
The new real estate startup that could put traditional agent commissions in jeopardy
What investors should know as home sales drop and whether it's an opportunity
Planning for mortgage rates to fall and how to build in more investing upside if they do
The latest job numbers REVISION putting our economy in a different spot than we thought
Whether or not the Fed will change course now that job numbers don’t look as strong
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
See James, Kathy, and Henry at BPCON2024 in Cancun!
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Kathy's BiggerPockets Profile
The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit
Two Things The Latest Home Sales Numbers Say About The Real Estate Market
U.S. job growth revised down by the most since 2009
After winning a landmark case against real estate agents, this startup aims to replace them with a flat fee
Economic Confidence Up Slightly in August
Pre-Order Kathy’s New Book “Scaling Smart”
Jump to topic:
00:00 Intro
01:15 Home Sales, Prices Drop
11:15 Planning for Rates to Fall
17:33 Job Numbers Get Revised
28:07 Agents Go Flat-Fee
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-249
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