On today’s episode of The Real Word, Byron Lazine and Nicole White started with very similar quotes from two big names in the industry: eXp Realty founder Glenn Sandford and Compass CEO Robert Reffkin.
Both suggested that if the housing market had remained strong, their companies would be in excellent shape. Byron called them both out for blaming the market for changing and making their jobs more challenging.
Next up was a CNBC article on consumer confidence rising. Despite mortgage rates in the 6s, two out of five survey respondents still plan to buy a home within the next 12 months.
This week’s “Left, Middle, Right” segment showcased two Fox Business articles, the first of which proposed the idea of converting unused office space into housing to address the housing crisis.
In the second article, JP Morgan’s Jamie Dimon expressed his confidence in the U.S. consumer, despite widespread economic uncertainty—and the explosive growth of consumer debt.
Click on any of the timestamps below to watch:
07:08 Why has eXp’s agent count growth stopped?
14:29 Any CEO that blames the market…
19:21 Despite mortgage rates around 6%, two out of five people still want to buy a home.
21:33 It all comes down to inventory.
26:28 The issues involved in turning office space into housing
29:06 The biggest argument against the consumer
Click here to watch the full episode.