Welcome to the Real Estate Talk Podcast! Hosted by Robert Keilman and Joshua Britt, two licensed real estate agents and investors operating out of the Hampton Roads area of Virginia.
Join us every week as we do a deep dive into common and nuanced topics as it relates to homeowners, home buyers, mortgages, market trends, and policies affecting the industry.
Real estate is our passion, and we like to share our coll ...
... Read more
Dive into a discussion about real estate as we deliver the latest real estate news and headlines related to the housing market. Home seller sentiment is lukewarm heading into the spring buying market as rising interest rates continue to pummel home buyer affordability. Many homeowners have been patiently waiting for interest rates to go down so that they can sell their current home in order to upgrade or downsize into a new one. Despite the Federal Reserve Chair Jerome Powell hinting at three possible interest rate cuts in 2024, many eager home buyers and sellers are unsure when or if the cuts will come. With inflation data suggesting that the Federal Reserve's target of 2% has not been met; there could be a longer period of time before we see interest rates go down to a more affordable level for homebuyers. Despite high interest rates on mortgages, inventory of homes remain disturbingly low. This has cause home values to inflate to a level that puts affordability out of reach for most home buyers. Also in the news, states like Florida and California continue to see problems with home insurance coverage. As many home insurance companies abandon providing coverage in these states, it is causing higher insurance premiums. Couple high insurance premiums, or lack there of, with rising mortgage rates, is providing a panacea of unaffordability. Perhaps a recession is looming, or a major market correction? But it's difficult with low inventory that keeps home prices high. In the long-term, there are a number of commercial real estate properties facing foreclosure and could be redeveloped into residential dwellings. But with builder confidence low, that remains to be seen. Watch this Episode on YouTube
Join us on a revealing journey into the heart of the mortgage lending industry in our podcast episode titled Biden to Axe mortgage discount points; Matt Ishbia is FIRED UP! This episode brings to light the pressing issues and challenges that shape today’s mortgage landscape, focusing on the vital roles that mortgage brokers and lenders play in safeguarding consumer interests and fostering a competitive market. President Biden now wants to rid the mortgage industry of discount points which is the very thing he helped regulate as Vice President from 2008-2016. In light of recent investigations into United Wholesale Mortgage (UWM) and its dominant practices, we dissect how these actions potentially undermine the independence of mortgage brokers and the broader implications for borrowers seeking fair lending terms. We'll delve deep into the intricacies of the broker-lender dynamic, examining the transparency and honesty required to maintain trust in these financial relationships. Our discussion will cover a range of critical topics, including: - The Importance of Transparency: How open should brokers be about their relationships and incentives with lenders? How does transparency affect consumer trust and decision-making? - The Consequences of Monopolistic Practices: Explore the broader economic impacts when major lenders like UWM allegedly stifle competition and funnel business through coercive practices. - Legal and Regulatory Frameworks: Unpack the potential legal ramifications for lenders and brokers who may engage in deceptive practices and the role of regulations like the Dodd-Frank Act in maintaining market integrity. - Protecting the Consumer: What mechanisms are in place to safeguard borrowers from predatory practices? How effective are these measures? - Ethical Mortgage Lending: Debate the ethical obligations of mortgage brokers to prioritize their clients' best interests over their own financial gains. - Innovative Disruptions: Look at how technological advancements and innovative financial models could revolutionize the mortgage process, potentially benefiting consumers. - Consumer Strategies: Offer practical advice for potential homebuyers on navigating the complex mortgage landscape to secure the best possible deals. - The Competitive Edge: Discuss how genuine competition among lenders and brokers can lead to more favorable terms for consumers and a healthier marketplace. This episode is not just a discussion; it’s a call to action for industry transparency, ethical practices, and consumer empowerment. Whether you’re a first-time homebuyer, a seasoned investor, or a professional in the finance sector, this comprehensive exploration will equip you with the knowledge and insights needed to understand and navigate the ever-evolving world of mortgage lending. Tune in to gain a clearer perspective on how mortgage lending practices impact not just individual borrowers but the economy as a whole. This conversation is essential for anyone looking to make informed decisions in the housing market or anyone vested in the future of consumer financial protection. Join us as we uncover the truth and push for a system that truly has the consumer’s best interest at heart.
Dive into the heart of the housing market with our latest podcast episode. Discover insights on the future of housing as we breakdown President Biden's recent proposals, from eliminating title insurance fees to addressing the critical need for increased housing supply. This episode doesn't just skim the surface; we dig deep into contentious topics like real estate commission negotiations, the battle against discrimination in home valuations, and the transformative potential of the Neighborhood Homes Investment Act of 2024. Join us as we discuss the counterarguments to Biden's housing strategies, including the inherent risks of removing title insurance and the complex dynamics of lowering real estate commissions. We dissect the nuanced implications of combating discrimination in home appraisals and the multifaceted approach needed to genuinely tackle high rents and unfair practices. We weigh in on the ambitious plans to increase the housing supply and the practical challenges of making affordable housing a reality.
Welcome to the latest real estate market update brought to you by the Real Estate Talk Podcast. In this episode, we dive in and discuss realtors' reactions on social media after the National Association of Realtors agreed to settle a multimillion dollar lawsuit. Most major real estate brokerages from across the United States have agreed to settle; Home Services of America or Berkshire Hathaway stands as the last brokerage to battle the Sitzer Burnett Lawsuit. Also, Fannie Mae changes course and says that interest rates will not go below 6% anytime soon. New Construction starts surge while multifamily new construction lags. Watch the podcast on YouTube
View this episode on YouTube In an exhilarating episode of "Battle of the Loans," we dive deep into the age-old debate of whether retail lenders or mortgage brokers are the better choice for consumers embarking on the journey of homeownership. This isn't just another discussion; it's a showdown between two seasoned loan officers—one from the realm of mortgage brokers and the other a loan originator from a retail lending institution. Listen as they compete, not just with facts and figures, but with stories and experiences that aim to capture the hearts and minds of our audience. We navigate through the intricacies of mortgage financing, uncovering the advantages and challenges presented by both sides. This episode promises to be an emotional rollercoaster, filled with the passion our guests have for their profession, the empathy they hold for homebuyers, and the competitive spirit that drives them to claim superiority in the mortgage industry. This episode of "Battle of the Loans" is designed not just to inform but to stir the emotions and provoke thought, encouraging listeners to delve deeper into the personal and financial considerations of choosing between a mortgage broker and a retail lender. Join us as we pose thought-provoking questions, designed to spark emotion and unveil the truth behind what makes each option unique and potentially perfect for different types of consumers. Whether you're a first-time homebuyer, looking to refinance, or simply curious about the mortgage process, "Battle of the Loans" is an episode you cannot miss.