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

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 5 December 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! 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 Dave's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market Podcast 201 - NAR Settles for $418M, Buying and Selling Homes Could Change Forever Pending Home Sales Rise After Post-Election Surge in Home Tours The battle against 6% broker fees isn’t over after a surprise 11th hour court filing Zillow’s Takeover of the Real Estate Industry: The Path to Monopoly Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: (00:00) Intro (00:58) Post-Election Home Sales JUMP (09:56) Another Agent Commission Lawsuit? (18:07) The Zillow “Monopoly” (21:44) Investor Sales Shrink (34:10) Stick Around for This! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-275 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Our home sales finally on the rise.
0:02.5	Our agent commission is going to change again.
0:05.3	And what does declining trends in investor home purchases mean for you?
0:10.1	That and more on today's show.
0:16.7	Hey, everyone.
0:17.6	It's Dave.
0:18.2	Welcome to On the Market, the Real Estate News and Economic Show,
0:22.3	where we like to have a little fun while keeping you informed. Today is our headline show,
0:28.0	which means I am joined by my colleagues James Dainard and Kathy Fecky. Kathy, welcome. Good to see you.
0:34.4	So good to see you. James, good to see you as well. I'm excited to be here.
0:38.3	So the way this works, if you haven't watched this format before, is that each of the panelists,
0:43.3	myself, James and Kathy, each brought a headline that we think is particularly interesting
0:47.3	or important for the greater real estate investing community to be paying attention to.
0:52.3	And then we are going to break down each of these
0:55.0	stories to help you make informed investing decisions. So let's just jump right into this. James,
1:00.6	what was the headline you brought for today's episode? First headline I brought, just because I feel like
1:05.5	it's, it's been really relative to what we're feeling since the election's over, which I'm
1:10.3	thoroughly happy it's over.
1:12.5	Because, you know, as a flipper developer, you know, for us, it's all about timing. It's all about
1:16.8	market confidence. And leading up to the election, we saw a slowdown. There was a very minimal
1:23.7	activity going on in the market. And it was starting to get kind of concerning.
1:27.7	Our days on market were stretching.
	...

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