On The Market

Home Sales Rise, Investor Purchases Shrink, and ANOTHER Commission Lawsuit!?

Dec 5, 2024

Home sales are experiencing a surge post-election, driven by eager buyers rather than investors. Investor purchases are shrinking for reasons that remain a mystery. The looming threat of another lawsuit over real estate agent commissions raises questions about the future of the industry. Concerns grow over a potential Zillow monopoly, challenging the role of traditional realtors. Listeners learn essential strategies to navigate high interest rates while still finding real estate opportunities.

40:56

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Quick takeaways

Home sales rose by 12.1% year-over-year post-election, reflecting increased consumer confidence and a surge in mortgage applications.

Concerns over real estate agent commissions are intensifying as the Department of Justice questions the future of fee structures and settlements.

Deep dives

Post-Election Market Surge

Pending home sales in the U.S. experienced a notable increase of 12.1% year-over-year following the recent election, indicating a surge in market confidence. This rise comes after a period of stagnation where inventory was high and showings were low, reflecting consumer hesitance leading up to the election. Mortgage applications also saw a significant uptick, suggesting that buyers who had been waiting for election results now feel more empowered to enter the market. Overall, the data instills a sense of cautious optimism that home sales may continue to rise if consumer sentiment remains stable.

Intro

2min

Post-Election Surge in Home Sales and Market Sentiment

5min

Navigating the Real Estate Shift

8min

Navigating the Future of Real Estate: Challenges and Market Dynamics

5min

Legal Challenges and Market Dynamics

7min

Navigating Real Estate Challenges

12min

Are we in store for another agent commission lawsuit battle? Why are home sales spiking right after the election? And guess what…it’s not investors buying up all the houses this time. We’re getting into the biggest housing market news in today’s headlines episode! Plus, we’re sharing exactly what you need to do TODAY to still get real estate deals done, even with high interest rates and higher home prices.

Home tours are surging after the election as potential homebuyers breathe a sigh of relief knowing that 24/7 election coverage has finally ceased. But it’s not the investors who are coming back to buy the houses. Investor purchase numbers are falling, so why are landlords sitting on the sidelines this time?

And say it ain’t so…another real estate agent commission lawsuit could be on the way as the Department of Justice finds faults in the NAR settlement. What does this mean for agents, brokers, and realtors? Will an easily browsable listing site like Zillow take over in place of real-life realtors? Some worry a Zillow “monopoly” could be forming. We’re sharing what we think in this episode.

In This Episode We Cover

Why home sales are starting to jump after the 2024 presidential election results

The future of agent commissions and whether they could be regulated even more

The Zillow “monopoly” that some worry will overtake the NAR (National Association of Realtors)

What’s causing investor purchases to shrink since the pandemic?

Where James and Kathy see investing opportunity in the 2025 housing market

And So Much More!

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