Nobody's Buying… Is Zillow Dying?
The housing market is giving buyers more leverage than we've seen in years… but there's one big problem: **where are the buyers?** Buyer demand has fallen to record lows, pending home sales are slipping, mortgage demand has stalled, and rates are moving higher again even as home prices refuse to meaningfully break.
LIVE on tWiRE Episode 373, we're digging into a housing market that increasingly favors buyers on paper while affordability continues to keep many of those buyers on the sidelines.
And the market isn't the only thing changing.
Real's proposed acquisition of RE/MAX just cleared a major hurdle with securityholder approval, Zillow is facing a revived lawsuit alleging mortgage steering through its Flex program, and a Texas broker is raising serious questions about who actually owns and controls the listing data agents and brokers create.
Meanwhile, Washington has officially enacted the 21st Century ROAD to Housing Act, homebuilders remain deeply pessimistic despite aggressive incentives, cash buyers are losing some of their pandemic-era dominance, and the latest housing data is sending some very mixed signals about where we go next.
**In this live episode, we'll cover:**
• Real + RE/MAX moving one step closer to becoming one massive real estate organization
• The revived Zillow mortgage steering lawsuit and what plaintiffs are alleging
• Who really controls your listing data, syndication rights and future AI usage
• The controversy surrounding New York City's pied-à-terre tax rollout
• What the new 21st Century ROAD to Housing Act could actually change
• Why the number of active U.S. homebuyers has fallen to a record low
• Falling pending sales vs. early signs of life in August
• Home prices that continue to hold despite weakening buyer demand
• Why builders are cutting prices and offering incentives
• Cash buyers pulling back as the housing market rebalances
• Mortgage demand stalling as rates threaten to move higher again
**So what is the real story right now: Are buyers finally gaining control of the housing market, or is affordability simply pushing so many people out that nobody is really winning?**
Join us LIVE on YouTube or Instagram, and tell us what you're seeing in your market.
LIVE on tWiRE Episode 373, we're digging into a housing market that increasingly favors buyers on paper while affordability continues to keep many of those buyers on the sidelines.
And the market isn't the only thing changing.
Real's proposed acquisition of RE/MAX just cleared a major hurdle with securityholder approval, Zillow is facing a revived lawsuit alleging mortgage steering through its Flex program, and a Texas broker is raising serious questions about who actually owns and controls the listing data agents and brokers create.
Meanwhile, Washington has officially enacted the 21st Century ROAD to Housing Act, homebuilders remain deeply pessimistic despite aggressive incentives, cash buyers are losing some of their pandemic-era dominance, and the latest housing data is sending some very mixed signals about where we go next.
**In this live episode, we'll cover:**
• Real + RE/MAX moving one step closer to becoming one massive real estate organization
• The revived Zillow mortgage steering lawsuit and what plaintiffs are alleging
• Who really controls your listing data, syndication rights and future AI usage
• The controversy surrounding New York City's pied-à-terre tax rollout
• What the new 21st Century ROAD to Housing Act could actually change
• Why the number of active U.S. homebuyers has fallen to a record low
• Falling pending sales vs. early signs of life in August
• Home prices that continue to hold despite weakening buyer demand
• Why builders are cutting prices and offering incentives
• Cash buyers pulling back as the housing market rebalances
• Mortgage demand stalling as rates threaten to move higher again
**So what is the real story right now: Are buyers finally gaining control of the housing market, or is affordability simply pushing so many people out that nobody is really winning?**
Join us LIVE on YouTube or Instagram, and tell us what you're seeing in your market.
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