This week on The Real Word, Byron Lazine and Nicole White discuss a BAM article on U.S. home seller profits in 2022—specifically, the increase in profits and ROI compared to 2021 and 2020.
Next up was an Inman article quoting the founder of the Oppenheim Group and star of Selling Sunset, Jason Oppenheim, on how potential changes in the real estate commission structure could result in a mass exodus of agents from the industry.
Aside from what he described as an “Argmageddon” for agents, losing in court could mean the end of NAR.
The “Left, Middle, Right” segment started with the increase in the number of Americans living paycheck to paycheck—a figure that is now up to 64%.
After reviewing the two suggestions in the CNBC article, Byron and Nicole wrapped up with a CNN headline on the impact of ice storms hitting the South and Midwest.
Click on any of the timestamps below to watch:
03:13 Topic #1: U.S. Home Seller Profits in 2022
04:37 What does this mean for the market moving forward?
07:20 What Byron expects for homeowners in 2023
09:39 Why Nicole expects a decline in sales this year
13:13 Topic #2: Jason Oppenheim’s warning about commission lawsuits
15:33 Will the exodus happen, and what will that do to the industry?
17:08 Byron’s question for agents: Eliminate dual agency or leave things as they are?
19:05 If NAR loses this October lawsuit, they are done.
20:34 Left, Middle, Right #1: 64% of Americans are living paycheck to paycheck
23:18 LMR #2: Winter ice storms hitting the South and central U.S.
28:03 Follow Nicole’s new Instagram account
Click here to watch the full episode.