On The Market Home Sales Rise, Investor Purchases Shrink, and ANOTHER Commission Lawsuit!?
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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.
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Post-Election Market Surge
- James Dainard noticed a market slowdown before the election, with low activity and longer days on market.
- After the election, buyer confidence surged, leading to quick sales and increased showings, especially in the mid-price range.
Avoid Panic Pricing
- Don't rush to cut prices based on short-term market fluctuations.
- Analyze data like showings and days on market before making pricing decisions.
NAR Settlement Uncertainty
- The Department of Justice questions the NAR settlement on agent commissions, creating uncertainty about future lawsuits.
- This challenge coincides with discussions about Zillow's potential to disrupt traditional realtor models.