On The Market 160: WeWork Goes Bankrupt, Home Buyers Give Up, and Zillow Stock Plunges
WeWork goes bankrupt, buying a house is deemed a "bad" idea, and Zillow stock has a fire sale thanks to the recent NAR lawsuit verdict. In other words, it's just another day in the 2023 housing market. Didn't have time to catch up on the news? Don't worry; we'll get you up to speed on everything happening in the world of real estate and how YOU can take advantage of this rocky market.
First, we'll talk about how the NAR lawsuit verdict sent ripples throughout the economy, sending real estate-related stock prices way down for companies like Zillow, Compass, and Redfin. This verdict could mean a devastating blow to brokerages across the country, so what will the future of buying and selling be like? Next, we discuss commercial real estate's continuous slog and why top commercial executives expect an even SLOWER 2024. But there is some good news for buyers…
And if you love little offices and coworking spaces, we're sorry because WeWork filed bankruptcy earlier this month as the office space gets battered. Finally, we'll finish with a recent headline about how HALF of America thinks now is a BAD time to buy real estate. Are they wrong? Are they bad at math? Should you still be buying? We'll answer all that and more on this episode!
In This Episode We Cover:
The NAR lawsuit's ripple effects that will affect the entire real estate industry
Commercial real estate's sales slump and why 2024 could bring even better deals
Why WeWork Won'tWork and what their massive bankruptcy means for the office space
America's ongoing housing market pessimism and why buying with high mortgage rates ISN'T such a bad idea
And So Much More!
Links from the Show
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NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”
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