NextHome president James Dwiggins joins Byron Lazine, Lisa Chinatti, and Tom Toole to discuss why pending home sales won’t recover anytime soon, sinking consumer and builder confidence, the 10-year Treasury yield dropping below 5%, new MLS lawsuits against Compass, Dwiggins’ take on private listings and what they actually mean for seller choice, and what Dwiggins has learned since eXp World Holdings acquired NextHome.
⏰ Timestamps:
01:42 Topic 1: Pending home sales & Leo Pareja’s housing predictions
03:53 Pending home sales aren’t going to be fixed anytime soon.
05:09 Dwiggins on the housing recession, consumer confidence, and tactical positioning
10:16 Recession markers: consumer confidence, builder confidence, and the 10-Year
13:05 “We are in a very volatile time…” (massive debt, Iran war, anemic job growth …)
17:25 Topic 2: Six more MLSs sue Compass to block future antitrust claims
19:20 Dwiggins Facebook post on Compass/CIH
19:58 Dwiggins: “The industry needs a history lesson… seller choice is a false flag made-up thing.”
28:53 How formidable are these MLSs coming together to fight CIH disruption?
32:54 Where and when does NAR take a big position here on what’s going on?
38:55 “Is Reffkin running out of plays at this point?”
42:19 Dwiggins’ suggestion for Compass leadership: “If you hate MLSs so much…”
45:06 Letter from Central Austin-based Compass Realtor
48:15 Reffkin Facebook post on private exclusives and the conflict for real estate agents
51:01 “If you have to test the price, did you not get trained correctly?” + another great question
54:59 What are the chances we won’t be talking about this same time next year?
56:01 Thoughts on the six-month-iversary of eXp’s acquisition of NextHome
