190: Keller Williams Settles for $70M in NAR Lawsuit, Banks “Rocked” by RE Losses
On The Market
Shownotes Transcript
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
Join the Future of Real Estate Investing with Fundrise)
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Henry's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
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)
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