Hurricane Helene & Milton Makes Young Adults Rethink Housing Choices

this Week in Real Estate

On today’s episode, we tackle some of the biggest stories shaking up the real estate world. NextHome CEO James Dwiggins is taking a stand, addressing critics of NAR’s Clear Cooperation policy—how will his comments reshape the debate? Meanwhile, eXp Realty has agreed to a massive $34 million settlement to resolve antitrust commission lawsuits. What impact will this have on the industry?

Additionally, the commission suit against Howard Hanna and an MLS has been tossed out on its merits, providing a significant legal victory in a time of increasing scrutiny on commissions. We’ll also dive into Realtor.com’s new legal battle, claiming that a former editor violated federal law—what does this mean for real estate media?

As we look ahead to 2024, we explore what homebuyers are expecting from real estate agents. With the role of agents constantly evolving, what do buyers want in today’s fast-changing market?

In broader housing news, nearly one-third of young adults say Hurricane Helene has influenced their decision on where to live, and September marked a major turning point for demand as pending home sales leveled off after nine months of declines. Tours hit their highest levels since April, showing a possible market revival.

However, mortgage rates have jumped following a strong jobs report, though consumer sentiment is at a 30-month high. Optimism about mortgage rates is growing, but will that translate into a housing market rebound?

Join us today as we break down these critical stories and more. Subscribe, hit the bell for notifications, and join the live discussion on Clubhouse.