Byron Lazine, Tom Toole, and Lisa Chinatti unpack two announcements by President Trump this week—one targeting Wall Street real estate investors and the other directing his ‘representatives’ to buy $200B in mortgage bonds.
They also discuss the Compass Anywhere merger closing for $1.6M, CoStar reducing its Homes.com spend by more than a third, and the December jobs report.
They wrap up by announcing a giveaway on next week’s KBP.
⏰ Timestamps
01:10 Topic #1: President Trump banning Wall Street investors from buying homes
03:25 How much inventory is actually owned by institutional buyers?
06:19 Realtor.com CEO Damian Eales’ New Year’s resolution letter
09:08 “He now owns the branding…But it’s not going to change anything right now.”
10:20 Topic #2: Trump instructs Fannie & Freddie to buy $200B in mortgage bonds
13:03 We need to focus less on increasing buyer demand and more on increasing supply.
15:14 “When we drove the rates down, the Fed was doing three things…”
17:31 Buyers need to understand the first-mover advantage.
18:19 What could help: capital gains tax incentives for sellers
23:50 Topic #3: Compass Anywhere merger closes for $1.6M
32:02 “One thing’s clear: Anywhere was in serious trouble…”
37:50 Topic #4: Costar reducing Homes.com spend by more than a third
44:07 Topic #5: Unpacking the December jobs report
48:33 Giveaway on next week’s KBP: HC copies of Alex Hormozi’s book
