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On The Market
BiggerPockets
Categories: News & Politics
Listen to the last episode:
One startup is aiming to end traditional real estate commissions for good. Jobs numbers get their most significant downgrade in over a decade, forcing the Fed to rethink its rate-cutting schedule. And if that wasn’t enough, home sales fell in a historically hot month of the housing market. But are the expert investors worried? In this headlines episode, we’re sharing the latest news affecting the housing market and what YOU can do now to still make money in real estate, no matter the headline hype. First, we’re talking about the latest home sales numbers. With a slow summer homebuying season, we may return to a “balanced” market where investors can thrive if they know what they’re doing. What could bring more demand to the market? Lower mortgage rates. And with the latest revision on job numbers, downgrading job growth significantly, the Fed may be forced to pivot and make bigger moves when cutting rates. Will it happen? Lastly, we’ll discuss the new state of real estate agent commissions. After the groundbreaking NAR lawsuit that put agent commissions in limbo, a new startup has set out to offer flat-fee real estate agent services in an à la carte fashion. Will paying just a few hundred dollars get you the level of agent experience you need to close better real estate deals? We’re discussing it all in this episode! In This Episode We Cover The new real estate startup that could put traditional agent commissions in jeopardy What investors should know as home sales drop and whether it's an opportunity Planning for mortgage rates to fall and how to build in more investing upside if they do The latest job numbers REVISION putting our economy in a different spot than we thought Whether or not the Fed will change course now that job numbers don’t look as strong 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 See James, Kathy, and Henry at BPCON2024 in Cancun! Henry's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit Two Things The Latest Home Sales Numbers Say About The Real Estate Market U.S. job growth revised down by the most since 2009 After winning a landmark case against real estate agents, this startup aims to replace them with a flat fee Economic Confidence Up Slightly in August Pre-Order Kathy’s New Book “Scaling Smart” Jump to topic: 00:00 Intro 01:15 Home Sales, Prices Drop 11:15 Planning for Rates to Fall 17:33 Job Numbers Get Revised 28:07 Agents Go Flat-Fee Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-249 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous episodes
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250 - Job Numbers Turn Out to Be Overinflated, Will the Fed Make a Hard Pivot? Thu, 05 Sep 2024
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249 - Recession Indicators Go Off, Is the Housing Market Safe? Mon, 02 Sep 2024
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248 - Are We in a Recession? Thu, 29 Aug 2024
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247 - August Mortgage Rate Update & Should You Buy/Refi Now? Mon, 26 Aug 2024
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246 - VP Harris Wants to Stop Wall Street Homebuying, But Will It Help Regular Buyers? Thu, 22 Aug 2024
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245 - Tenants in Big Cities Could Save Thousands if “Broker Fee” Reform Passes Mon, 19 Aug 2024
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244 - What Should Investors Do if Insurance Prices Keep Rising? Thu, 15 Aug 2024
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243 - Short-Term Rental Demand Returns, So Why Are Hosts Making Less? w/AirDNA Chief Economist Jamie Lane Mon, 12 Aug 2024
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242 - 241: Developers Are Ditching This State as Regulations Rise Thu, 08 Aug 2024
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241 - 240: BiggerPockets Real Estate Episode 1,000: Real Estate Is Changing, and So Is BiggerPockets Mon, 05 Aug 2024
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240 - 239: THE HUGE Downside of No-Income-Tax States and a Hidden Housing Market Threat Thu, 01 Aug 2024
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239 - 238: Recession “Yellow Flags” Emerge as Unemployment Metric Rises w/The Washington Post's Heather Long Mon, 29 Jul 2024
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238 - 237: National Rent Control, Falling Mortgage Rates, and Fleeing Homebuyers Thu, 25 Jul 2024
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237 - 236: Will Home Renovation Costs Go Down in 2024 as Demand Begins to Dip? w/WSJ’s Ryan Dezember Mon, 22 Jul 2024
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236 - 235: A World Without Airbnb & Why "Sinking" Could Cause Your Insurance to Skyrocket Thu, 18 Jul 2024
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235 - 234: Did We Just Find 2024’s Most “Under-the-Radar” Real Estate Market? Mon, 15 Jul 2024
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234 - 233: Housing Market “Stuck” Until 2026 as Insurance Prices Rise, Rents Slow Thu, 11 Jul 2024
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233 - 232: Better, Faster, Cheaper Mortgages Could Be On the Way w/Major Finance CEO Mon, 08 Jul 2024
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232 - 231: With Slow Spring Homebuying, Zillow Predicts Price Drops in 2025 Thu, 04 Jul 2024
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231 - 230: Post-Pandemic Demand Boomerangs Back to Cities, What Should Investors Do? w/Richard Barkham Mon, 01 Jul 2024
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230 - 229: When Will Home Prices Fall? + The Affordable Housing Solution We All Want Thu, 27 Jun 2024
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229 - 228: Demand for Rentals is Rebounding as Affordability Begins to Improve w/Jay Parsons Mon, 24 Jun 2024
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228 - 227: Rate Cuts Back on the Table as Inflation, Housing, and Job Market Cool Off Thu, 20 Jun 2024
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227 - 226: Multifamily Sales Hit 4-Year Low: More Price Declines Incoming? w/Xander Snyder Mon, 17 Jun 2024
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226 - 225: Meet the New Zero-Down Mortgage + Why Lumber Prices Are Dropping Thu, 13 Jun 2024
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225 - 224: Inside the New Law That Could Lead to a Nationwide Wholesaling Ban w/Gary Pickren Mon, 10 Jun 2024
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224 - 223: 2024 Real Estate Investing Strategy Showdown: Rentals, Flips, & New Builds Thu, 06 Jun 2024
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223 - 222: Boomers Hoard Houses, Millennials Struggle to Buy, But Gen Z Gets Ahead w/Redfin’s Chen Zhao Mon, 03 Jun 2024
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222 - 221: Home Prices Hit Another Record: Are Americans Still Right About Real Estate? Thu, 30 May 2024
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221 - 220: Top Lenders Share “Good News” for Mortgage Rates + Trending Investor Loans Mon, 27 May 2024
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220 - 219: Should You Pay Off Your Rental Property, Reinvest, or Buy More in 2024? Thu, 23 May 2024
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219 - 218: These “Subtle Risks” Could Have Astronomical Impacts on Real Estate Expenses w/John Sheffield Mon, 20 May 2024
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218 - 217: Economic Pessimism Peaks, So Why Are Investors Still Buying? Thu, 16 May 2024
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217 - 216: Squatters’ Rights: What Lawyers Want Landlords to Know in 2024 w/Denise Medina and Patrick MacQueen Mon, 13 May 2024
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216 - 215: How “Switching Costs” Hold the Housing Market in Limbo w/Lance Lambert Thu, 09 May 2024
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215 - 214: What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke and Mauricio Rauld Mon, 06 May 2024
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214 - 213: Home Prices Stagnate in The South and America’s New #1 Housing Market Thu, 02 May 2024
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213 - 212: Receivership Real Estate: The Hidden Inventory Only Experts Know About w/Jake Flothe Mon, 29 Apr 2024
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212 - 211: The New Reform That Could Unlock $1B+ for Affordable Housing w/Sharon Cornelissen Thu, 25 Apr 2024
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211 - 210: Why More Investors Are Building Wealth with "Walkable" Properties w/Jeff Speck Mon, 22 Apr 2024
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210 - 209: The On the Market Awards: These Markets and Strategies Will WIN in 2024! Thu, 18 Apr 2024
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209 - 208: New Policies Take Aim At Boosting Affordable Housing, Investors Could Benefit w/Dennis Shea Mon, 15 Apr 2024
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208 - 207: What Happens If Interest Rates Stay High? Thu, 11 Apr 2024
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207 - 206: The Hidden Risks of “Subject To” Real Estate w/Eddie Speed Mon, 08 Apr 2024
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206 - 205: Squatters' Rights, Rent Caps, and Blackstone Gets Ready to Buy Thu, 04 Apr 2024
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205 - 204: Agents React to NAR Lawsuit Commission Change Mon, 01 Apr 2024
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204 - 203: Compass Settles for $57.5 Million, Inventory Jumps, Fed Talks Rate Cuts Thu, 28 Mar 2024
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203 - 202: Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024 Mon, 25 Mar 2024
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202 - 201: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin Fri, 22 Mar 2024
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201 - 200: Flip/Off: Whose House Flip Can Pull In the Biggest Return? (Dainard vs. Washington) Thu, 21 Mar 2024