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190: Keller Williams Settles for $70M in NAR Lawsuit, Banks “Rocked” by RE Losses

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Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Just when you thought the NAR lawsuit coverage was over, Keller Williams agrees to settle for $70M, bringing a big blow to real estate agent commissions. How will this impact buyers and sellers, and are we entering a new age of home buying where only a fraction of the real estate agents exist? We’re getting into this headline and others affecting the housing market in BIG ways in this episode of On the Market.

Some agents will thrive while others barely survive in a post-NAR lawsuit world as real estate agent commissions are threatened once again. But it isn’t only agents getting hit hard this week. Banks have been “rocked” by real estate losses, primarily commercial real estate, as loans come due, but investors aren’t able to pay. One bank saw its share price slide by more than fifty percent this month as earnings reports showed a major loss from lending this quarter.

Finally, it wouldn’t be a headlines show if we didn’t touch on the jobs report. This month, we’re getting a mixed bag of good for the economy but bad for rates type of numbers. Jobs are growing, and the economy is still chugging along, but will this push rate cuts back as the Fed fails to find weakness in our economy? We’re giving you our thoughts on this episode!

In This Episode We Cover:

Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions

The rise of “niche” brokers and agents and why they may THRIVE in the coming years

Our crucial advice for first-time homebuyers that you CANNOT miss

Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)

New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

BiggerPockets' Instagram

NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”

Articles from Today’s Show:

Keller Williams Settlement

Bank Losses

January Jobs Report

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-190

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

  continue reading

234 episodes

Artwork
iconShare
 
Manage episode 401063002 series 3338156
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Just when you thought the NAR lawsuit coverage was over, Keller Williams agrees to settle for $70M, bringing a big blow to real estate agent commissions. How will this impact buyers and sellers, and are we entering a new age of home buying where only a fraction of the real estate agents exist? We’re getting into this headline and others affecting the housing market in BIG ways in this episode of On the Market.

Some agents will thrive while others barely survive in a post-NAR lawsuit world as real estate agent commissions are threatened once again. But it isn’t only agents getting hit hard this week. Banks have been “rocked” by real estate losses, primarily commercial real estate, as loans come due, but investors aren’t able to pay. One bank saw its share price slide by more than fifty percent this month as earnings reports showed a major loss from lending this quarter.

Finally, it wouldn’t be a headlines show if we didn’t touch on the jobs report. This month, we’re getting a mixed bag of good for the economy but bad for rates type of numbers. Jobs are growing, and the economy is still chugging along, but will this push rate cuts back as the Fed fails to find weakness in our economy? We’re giving you our thoughts on this episode!

In This Episode We Cover:

Keller Williams' settlement of $70M in the NAR agent commission lawsuit and what this means for the future of agent commissions

The rise of “niche” brokers and agents and why they may THRIVE in the coming years

Our crucial advice for first-time homebuyers that you CANNOT miss

Commercial real estate losses and how hard IS it to get an investor loan today? (this will surprise you)

New jobs report numbers that took many economists by surprise and what effect it could have on future mortgage rates

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

James' BiggerPockets Profile

James' Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

BiggerPockets' Instagram

NAR Slapped with $1.8B Lawsuit Payout, Ripple Effects Could Be “Enormous”

Articles from Today’s Show:

Keller Williams Settlement

Bank Losses

January Jobs Report

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-190

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

  continue reading

234 episodes

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