The Real Estate Rundown

NAR Collapsing Bankruptcy is here

Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

Realtors Are Leaving in Mass And NAR is Hiding Numbers

It sounds like a broken record but NAR is back in the spotlight again. However, it is not from a headline and more as a discovery. Kala was researching NAR's membership numbers, and it seems that they wiped the board & removed every single trace of their statistics, even back in the previous century. Why is NAR doing this? And what does it spell for the outlook of realtors?

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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Resources:

https://www.cbsnews.com/news/help-paying-mortgage-rent-homeowners-renters/

https://investors.redfin.com/news-events/press-releases/detail/1077/redfin-survey-half-of-u-s-homeowners-and-renters-struggle

https://www.bloomberg.com/news/newsletters/2024-04-08/bloomberg-evening-briefing-blackstone-s-10-billion-real-estate-deal

https://www.bloomberg.com/news/articles/2024-04-04/fed-s-kashkari-floats-possibility-of-no-rate-cuts-this-year

https://www.npr.org/2024/03/30/1241451631/california-fast-food-20-minimum-wage

https://www.cnbc.com/2024/04/09/the-us-has-550-cities-where-million-dollar-homes-are-typical.html
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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

First Time Home Buyers Will Struggle This Year

2024 was expected to be the year of relief for current & future homeowners. Rates were expected to come down, prices were supposed to be more favorable, and overall availability was supposed to rise. But things haven't progressed much in that way. Recent numbers from Redfin tell a different story and the NAR lawsuit is expected to not do much for first-time buyers. What other parts of the story are we missing, and what can we predict for the future?
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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Resources:
https://www.redfin.com/news/all-cash-homebuyers-february-2024/

https://www.redfin.com/news/starter-home-affordability-february-2024/

https://www.redfin.com/news/home-purchases-fall-through-2022/

https://www.inman.com/2024/03/28/better-hiring-real-estate-agents-to-originate-mortgages-in-26-states/
https://www.housingwire.com/articles/nexa-mortgage-co-founders-are-splitting/

https://nypost.com/2024/03/28/us-news/sam-bankman-fried-faces-decades-in-prison-as-hes-sentenced-today-for-multi-billion-dollar-fraud/
https://www.zillow.com/homedetails/21423-S-147th-St-Gilbert-AZ-85298/59261224_zpid/

https://www.forbes.com/sites/digital-assets/2024/04/02/bitcoin-boom-2024-here-comes-the-halving/?sh=6f9741fd5b2e

https://supercarblondie.com/john-travolta-plane-house-private-runway-for-boeing/
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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

Explaining the Misconceptions of the Realtor Settlement...

The Fallout has come & today we discuss the misleading headlines and misconceptions following the settlement with NAR. Many publications (including our government) are misleading consumers with false narratives about how it will improve the housing market. Today we cover what will really happen to first-time home buyers and the other commission issues ahead. Thanks for watching, and stay tuned next week for another episode.

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Resources:

https://www.housingwire.com/articles/biden-makes-case-for-housing-proposals-in-las-vegas-speech/

https://www.ftc.gov/news-events/news/press-releases/2022/10/ftc-approves-final-order-against-opendoor-labs-preventing-company-misleading-consumers-about-cost

https://www.redfin.com/news/housing-market-update-supply-climbs-prices-increase/

https://www.realtor.com/news/trends/its-now-officially-cheaper-to-rent-than-buy-a-home-in-the-50-largest-u-s-metros/

https://www.nbcnewyork.com/news/local/crime-and-courts/worst-nyc-landlord-arrested/5249811/#:~:text=The%20man%20known%20as%20one,some%20Manhattan%20properties%20he%20owns..

https://lawandcrime.com/crime/teen-squatters-killed-daughter-of-vacant-apartments-dead-owner-stuffed-body-in-duffel-bag-police/

https://www.mpamag.com/us/business-news/will-nar-settlement-lead-to-big-savings-for-us-homebuyers/482520?hss_channel=tw-53796756

https://www.usatoday.com/story/money/2024/03/15/buying-a-home-realtor-commissions-could-shrink-after-legal-settlement/72985989007/

https://www.housingwire.com/articles/nar-addresses-incorrect-claims-in-bidens-housing-proposal-speech/
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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

NAR Commission Settlement and Why it's Worse for Buyers...

Welcome back to the Real Estate Rundown! This week has been Chaos. We've all heard at this point of NAR's proposed settlement. But who is really going to be affected? And who will benefit in the end? Join us next week for another episode of the Real Estate Rundown!

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Resources:
https://notoriousrob.substack.com/p/why-the-nar-settlement-is-disappointing

https://www.jvmlending.com/blog/nars-settlement-may-be-great-news-for-agents/

https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationwide-claims-brought-by-home-sellers

https://apnews.com/article/national-association-of-realtors-agent-commissions-lawsuits-d62a66cb80639be3c4c3b429053a22c5

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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

Entering the World of Probate Real Estate

Real Estate is a tough industry. Whether you are simply buying, selling, or even going through a divorce, it's a tough industry on either side of the pen. Today we talked to Paige Fingerhut Charnick, a Realtor based out of Long Beach California. Paige specializes in a variety of categories including probate and divorce. Today Kala & Paige have a conversation on the more touchy sides of what it is to be a realtor. Thanks for joining us on the Real Estate Rundown and stay tuned for another episode!

https://www.instagram.com/paige.charnick/

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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

Warren Buffett Added to Commission Lawsuit & Zillow's Master Plan

Welcome back to the Real Estate Rundown!  We are back and so are the commission lawsuits. Big Man Warren Buffett's energy company is being added as a defendant in a class action lawsuit against commission sharing. With so many of these cases going on, do agents even care about them? Today we unpack whether or not commission lawsuits will affect agents, Zillow's Big End goal, interest rates, and much more. Thanks for joining us this week and stay tuned for another episode of the Real Estate Rundown!

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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Resources:

https://press.offerpad.com/2024/01/29/offerpad-announces-unmatched-agent-program/

https://www.inman.com/2024/03/04/berkshire-hathaway-energy-added-to-growing-gibson-commission-suit/

https://www.youtube.com/watch?v=YGzJKYz9WVI

https://www.housingwire.com/articles/the-super-app-is-here-and-its-called-zillow/
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Chapters:

00:08 - Meta Down
02:11 - Ad-vice
06:49 - Bitcoin Up & Down
09:15 - Interest Rates Updates
11:49 - Opendoor's Strategies
12:43 - New Sellers Survey
16:09 -  Warren Buffett Added to Commission Lawsuit
19:02 - Zillow's Master Plan
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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify -  https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

2024 is the Year of the Rental Crash...

Welcome back to the Real Estate Rundown! Jamie Dimon was interviewed recently and came out with a statement saying that commercial real estate won't fall as long as the recession doesn't come through. With commercial real estate becoming more of a talking point recently it's important to keep in mind what might happen if the recession rolls through. Kala covers some interesting numbers that might lead to rents coming down in an area near you. Thanks for joining us this week and stay tuned for another episode of the Real Estate Rundown! _________________________________

Timecode: 00:20 - Jamie Dimon predictions

05:03 - Why Crypto is catching on

06:07 - Real Estate Agent shoots homeowner's dog

11:44 - Craziest interactions in Real Estate

13:43 - Rent prices are coming down possibly?

18:47 - Ad-vice with Eliot

21:18 - Home sales fell below expectations

22:47 - Buyers are going with new builds instead of old builds

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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify - https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

Credit Cards Are Preventing the Housing Crash...

Welcome back to the Real Estate Rundown! A theory popped up on TikTok from user @dylanjpalladino stating that the economy isn't crashing because of the little treats we give ourselves. One little drink or snack here or there on your credit card. It doesn't seem like too much, but it is enough to stimulate enough growth in our economy. But with credit card debt being at an all-time high, is this growth just being propped up by debt and not actual cash? And does this uncertain spending influence the random spikes and declines in interest rates? The DOJ released a statement of interest on the Nosalek Commission Lawsuit settlement. Stating that they don't believe they did enough to settle and was just a payment rather than a structural change.

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Resources:

Who is selling in 2024 - https://app.gohighlevel.com/v2/preview/P5J9mMNBQ9GN5L17h3wC?notrack=true

Treat theory - https://www.tiktok.com/@dylanjpalladino/video/7337359395438857518?_r=1&_t=8k2nvurWOa3

DOJ Not happy - https://www.housingwire.com/articles/doj-advocates-for-prohibition-of-cooperative-compensation-in-nosalek-commission-lawsuit/

DOJ Statement of Interest - https://www.justice.gov/d9/2024-02/420087.pdf

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Check us out on social media:

Kala - https://linktr.ee/kalalaos

Eliot - https://linktr.ee/eliottomaszewski/

Zoodealio - https://linktr.ee/zoodealio/

_________________________________

Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846

Spotify - https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850

Crypto is the Next Step in Real Estate...

Welcome back to the Real Estate Rundown! The Superbowl has come and gone but CoStar's billion-dollar ad campaign is here to stay. CoStar premiered 4 ads during the Superbowl, 3 for Homes.com & 1 for Apartments.com. A lot of money was spilled into these ads but one thing that Kala brings about is the importance of catching a wave. Bitcoin also rises to a high that hasn't been seen since 2021. Causing a new conversation about the possibility that it has with Real Estate and leveraging your Bitcoin to purchase a home. Thanks for tuning in this week and stay tuned for another episode of the Real Estate Rundown!

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Check us out on social media:

Zoodealio - https://linktr.ee/zoodealio/

Kala - https://linktr.ee/kalalaos 

Eliot - https://linktr.ee/eliottomaszewski/ 

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Check us out on Apple Podcasts & Spotify!

Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ibuyer-experiment/id1510051846 

Spotify - https://open.spotify.com/show/2e1M6C4x88OyNgIuTCZ0V8?si=51dc906935b64850