Knowledge Brokers Podcast

Patrick Bet-David On The Brutal Truth About The Housing Market | KBP 127

21 snips
Jul 25, 2025
The discussion begins with Realtor.com’s housing forecast, detailing rising inventory and stagnant demand. A shocking one in seven home sales were canceled in June due to high mortgage rates, leaving buyers with leverage. Experts stress the need for agents to adapt their negotiation skills as transaction volumes decline. Insights into a major MLS data breach emphasize the necessity for robust security in real estate operations. Lastly, the importance of enhancing client relationships in the digital age is highlighted with the introduction of a new client experience platform.
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INSIGHT

2025 Housing Market Forecast Update

  • Realtor.com updated its 2025 forecast expects 4 million home sales, slightly down from 2024, with prices rising slowly and mortgage rates staying elevated around 6.4%.
  • Buyers aren't jumping despite more inventory; sellers are split, and renting is still an easier option for many.
INSIGHT

Success in Slow Markets

  • In a slow market, agents must increase volume conversations and focus on motivation to find clients who want to transact.
  • Some agents grow business by adapting, despite overall declining nationwide sales.
INSIGHT

Market Share And Profitability Shift

  • Market share consolidation is occurring as many agents struggle, with about 71% not making sales last year.
  • Increasing profitability per transaction is crucial, not just unit volume, for agent success.
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