Expect 25% of agents to leave housing market: market analyst

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Expect 25% of agents to leave housing market: market analyst

Рет қаралды 133,156

BNN Bloomberg

Күн бұрын

Пікірлер: 150

@DonaldMark-ne7se 28 күн бұрын

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@JacquelinePerrira 28 күн бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@Jamessmith-12 28 күн бұрын

consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.

@kevinmarten 28 күн бұрын

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@Jamessmith-12 28 күн бұрын

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

@kevinmarten 28 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@PaulKatrina. Ай бұрын

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

@DorathyJoy Ай бұрын

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

@Jersderakerguoe Ай бұрын

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

@ScottKindle-bk3hx Ай бұрын

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@Jersderakerguoe Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@EddyAgnes-vy4kp Ай бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

@elegboozioma7267 Ай бұрын

I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.

@SarahOlivera-t4z Ай бұрын

Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession are only possible under the supervision of a professional or trusted advisor.

@MelindaMatsuda Ай бұрын

@@SarahOlivera-t4z Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

@elegboozioma7267 Ай бұрын

@@MelindaMatsuda I have been considering going the same route, could you share more info please on the advisor that guides you.

@SarahOlivera-t4z Ай бұрын

@@elegboozioma7267 The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Victoria Carmen Santaella‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

@elegboozioma7267 Ай бұрын

@@SarahOlivera-t4z Thank you for the lead. I searched for her, and I sent her an email. I hope she gets back to me soon.

@coachingangels Ай бұрын

I have yet to find a realtor whos earned their commission.

@audittheauditors Ай бұрын

Good. The amount of work a real estate agent does not justify their commission rate

@roosterqmoney Ай бұрын

Most sales commission things don't.

@skimonkey5855 Ай бұрын

Some suck D!@#$% for the listing's. So I wouldn't say nothing....

@AlexClarkcompany Ай бұрын

To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon

@LouisMorganxb3 Ай бұрын

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

@BaileyJames-zv2ddd Ай бұрын

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points

@OscarOwenn Ай бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@BaileyJames-zv2ddd Ай бұрын

I've experimented with a few over the past years, but I've stuck with "Leah Foster Alderman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@OscarOwenn Ай бұрын

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call

@gmarks1559 Ай бұрын

I forsee a lot of Realtor lease returns and repos on Mercedes and 3 series BMWs 😂😂😂

@quixomega Ай бұрын

I'm not convinced we need such high commissions, a lot of real estate sales can be automated.

@TookAHikeNowWhat Ай бұрын

Also: bugs don't like bug spray

@AliKhan-bu1fp Ай бұрын

Realtors are not needed plain & simple

@cchia6640 Ай бұрын

@@AliKhan-bu1fp have you ever bought or sold real estate? Transactions can get quite messy/complicated sometime. My realtor was incredible.

@calvinwong365 Ай бұрын

If they not needed. Then dealershipa don't need 50 salesman working at the dealership then. Everything should be listed like Walmart or Costco and move on. China pretty much pushing for that. So let's go

@freedomliberty83 Ай бұрын

Have you ever marketed any listed your house? Are you trained in negotiating large sales like this? But the real question is do you even want to do this? Absolutely realtors are needed if you want to get you the best price. And the funniest thing ever is everyone i know who says "realtors aren't needed" always turn around and hire a realtor when its time to sell. No one is forcing you to hire a realtor, you can sale it yourself. Nothing is stopping you

@priuss6109 Ай бұрын

100% true.

@domjohnson2579 Ай бұрын

@@cchia6640 Ya it's called a lawyer genius.

@nickcheema907 Ай бұрын

only 25% ? it should be a higher percentage

@Yelllowchild7 Ай бұрын

Time to start looking for a real job lol

@CheSmith74 Ай бұрын

One of the hardest jobs in the world. Go try it and see

@The_Turd_Ferguson Ай бұрын

clearly you know nothing about real estate or the built environment.

@CheSmith74 Ай бұрын

@@The_Turd_Ferguson In the business for decades. But I'm sure the guy with Turd in his name knows more

@The_Turd_Ferguson Ай бұрын

@@CheSmith74 25 years for me. In all aspects. So, yeah. I do. Thanks

@Freerider93 Ай бұрын

@@Yelllowchild7 nah, we're keeping out commissions lol

@MarkJohnson-dx6tk Ай бұрын

Having to pay $60,000 on a $1,000,000 home? That is crazy. Do they do 10 times the work that they do for a $100,000 home? Just make it a flat fee. $10,000 total. Done.

@Freerider93 Ай бұрын

Nope. We keeping those commissions lol

@EinSofQuester Ай бұрын

Wrong. On a 1000,000 home you pay $31000 including gst. Get your facts straight.

@donm2067 Ай бұрын

@@EinSofQuester10k$ still sounds better

@GTR-88-u8g Ай бұрын

@@EinSofQuester where?

@EinSofQuester Ай бұрын

@@GTR-88-u8g vancouver

@w.s.2102 Ай бұрын

It'll help address the illegal practice of "steering" that many realtors participate in

@drleopardshark Ай бұрын

About time they fixed this racket...

@Freerider93 Ай бұрын

They didn't fix anything though. All you have to do is call the agent to see which properties have commission and which dont.

@SeanGPatterson Ай бұрын

Why doesn’t that guy seem at all trust worthy.

@harshilpanchal249 Ай бұрын

Its time to return your leased Mercedes SUV

@TrudAM-e5p Ай бұрын

Real estate commissions will soon become a fixed fee, just like lawyers.

@sylvainh2o Ай бұрын

Yep because the system is really broken when you need to pay tens of thousands just to be allowed to be listed on the internet search site.

@freedomliberty83 Ай бұрын

@sylvainh2o Thats not true. The rules changed in Canada a long time, you can list and sell your home without a realtor. You can list your home on all free sites or pay a small fee to list on MLS. You can show the home yourself to potential buyers. You're not required to pay a realtor

@freedomliberty83 Ай бұрын

Flat fee means realtors won't be working evenings or weekends and they definitely won't be trying very hard to sell your place. This is why sales is always commission.. Sales people need incentive to sell. You don't want a sales person just going through the motion of their job, like most people in their jobs. Flat fees would see the level of quality realtors greatly diminish

@TrudAM-e5p Ай бұрын

You must of missed that news segment where Buyers' realtors avoided private listings @@freedomliberty83

@TrudAM-e5p Ай бұрын

@@freedomliberty83they will, because otherwise they won't make money. Unfortunately most realtors don't have transferrable skills. Realtors in Canada are good for paperwork and opening doors.

@hexhex7220 Ай бұрын

absolute price fixing in Canada. realtors black list clients who insist on lower commisions . The realtors silently band together making it next to impossible for individual homeowners to sell their properties by themselves. friend actually spent 5 years without selling their home due to realtors conspiring together directing potential buyers away from property.

@tobyod Ай бұрын

If it's not selling then it's not compelling...and that usually means it's over priced...

@CheSmith74 Ай бұрын

Ya... I think probably more like it was way overpriced. Realtors can negotiate the $ with a buyer now and do so when they want to buy something not offering a commission. More likely your friend was way off base with the price esp if it they couldn't sell for 5 years. Gotta look in the mirror before pointing fingers.

@hexhex7220 Ай бұрын

@@CheSmith74 We followed the process ...it was collusion by the realtors trying to force an older couple ...told potential buyers " oh, that isn't a house that would interest you.." Realtors all know each other, have their own sectors,, being the same agent to arrange the buy & sell JOKE .It's a huge, lucrative commission game ( I might have been born at night, it just wasn't "last" night.)

@tobyod Ай бұрын

@@hexhex7220 Even if every realtor in your area didn't bring their clients if the home was priced right the buyers would still go. It's always the price...

@Freerider93 Ай бұрын

If it took your friend 5 years to sell they had a crap house 😂

@CroisMoi Ай бұрын

The answer is to raise the bar on training to be a realtor. In most states they take a few weeks of classes. Realtors do very little these days to sell houses. You can find your own online.

@nicholassmith7048 Ай бұрын

Why shouldn't someone doing real-estate for 16 minutes get the same commission as someone doing it for 16 years? If they are selling the same thing, they should make the same amount.

@mafia11011 Ай бұрын

Real estate commissions shouldn’t be more than 1%. Mediocre Real Estate Agents

@alwaysthinking2175 Ай бұрын

and realize they have no transferable skills and will now make 60% less

@CheSmith74 Ай бұрын

Just taking the commission off the Realtors side of MLS, or not showing it to Buyers Agents doesn't mean that the commission won't still be offered. I don't think much will change, it will just be the Buyers Agent calling the List Agent to see how much they're offering and passing any difference from the norm to the buyer directly. No one is going to save any $ it's just going to be more paperwork and less transparent. I know some will say ya but the seller will pay less... sure maybe, big maybe, but very high chance that seller is buying another home, so they'll just pay up the difference on the buy end. No change, lots of noise, less transparency. I can also see many cases where the Buyers Agent is going to make 2x what they do now by charging the buyer and getting a commission from the sellers side.

@joeissac3934 Ай бұрын

Real Estate agents need to get a REAL JOB !!

@Freerider93 Ай бұрын

Nah, we're keep our jobs lol

@esparda07 Ай бұрын

Only 25%? Pump those rookie numbers up! Even during a recession Canada is slow lol.

@Taquitos-burritos Ай бұрын

So they are going to get real jobs finally

@gmarks1559 Ай бұрын

The muppet boiler room condo flipping market is dead 😂

@venkuy8839 Ай бұрын

In the first place only 10 % of agents are selling one or more house every year !

@stephenfermoyle4578 Ай бұрын

Agents...get rid of the poision

@DaveyD71 Ай бұрын

My mother is a Broker, glorified Realtor. She makes money doing absolutely nothing. What, driving a person around abd showing them a house that a lot of the times they told their Realtor about. Seriously, Realtors do nothing that isn't done by an escrow clerk. Do NOT ever use a realtor when you sell. Buyers WILL find your house for sale. Paying 6% of your homes value to an uppity Realtor for what. To have an Escrow clerk do the paperwork which you can pay them $500 to do and file yourself!!! Realtors are done. The secret is out. 75% need to leave the business NOW... I'm sure I'll get an uppity Realtor commenting on this reality post. The Scam is exposed. Realtors are exposed. Sell as a FSBO. Save yourself $50,000 + - . This is Truth!!

@domjohnson2579 Ай бұрын

GOOD I hope these crooks all go bankrupt! Just saw 5 homes this past week and I had questions for all the agents. Not ONE agent could answer a single simple question. The only reason they are there is to kick out the owners and open the door for me. If a deal goes through both parties call our lawyers to do the hard stuff. They are as worthless as car salesmen.

@Coinpicker Ай бұрын

Let’s flip the script and make it law that Sellers are legally required to try to sell their own place by themselves for 1 month (whatever time frame) before they can hire a Realtor. Just a thought😂

@dsbarclayeng1 Ай бұрын

A real estate agent does 2 open houses then collects 5% of the sale.

@Freerider93 Ай бұрын

And?

@supernova11711 Ай бұрын

@@Freerider93Annnd…they’re crooks.

@Freerider93 Ай бұрын

@@dsbarclayeng1 you have all these billionaires in your pockets though....Let me get mine too! 🤣

@nickyb7266 17 күн бұрын

It’s insane how much income I’ve provided in my lifetime to realtors 😢 I just bought my forever home and happy to never have to pay realtor fees again!

@VancouverVince Ай бұрын

Good!!! Back in the day, a realtor was just a salesman. Now they are looked upon as Demigods. 😂😂😂😂

@skimonkey5855 Ай бұрын

Ain't nobody selling bc rates are too high to upgrade

@heatherhayes9498 Ай бұрын

Amen 🙏 🎉🎉🎉🎉🎉❤❤❤❤❤❤❤❤❤

@rgen28 Ай бұрын

Good. Government should make a new system to make so everyone can sell their property easily.

@moelo5930 Ай бұрын

I wish I was the lawyer representing the class action suit making a nice commission.

@KennethYimHomes Ай бұрын

How about interview this guy along with a real real estate broker? So that there’s no bias in the story

@SlowlyFallingUpwards Ай бұрын

Ok now we should look at attorney percentages when it comes to settlements. I’m sure it’s beyond 6%

@TrevorsBench Ай бұрын

Maybe they should learn to code

@Freerider93 Ай бұрын

Why? We're keeping our commissions. There is no laws that say we have to accept low or no commissions lol

@AF-wf6vo Ай бұрын

Buyer's agents will still be paid. They work hard and do a great job supporting the interests of their buyers.

@batiandhisfriend255 Ай бұрын

Even the transaction runs some of them without the house owner's knowledge

@brioncrum9523 Ай бұрын

This will hopefully weed out the hobby agents who do not work 💯 as a professional

@gerelynreynolds2391 Ай бұрын

Awesome.!!

@user-oy3bd9vp5p Ай бұрын

so, if prices will stay the same the 30 percent will go to the bank in the form of 30 percent bigger mortgages. the consumer never wins

@KittyNinjas Күн бұрын

Agents charge too much, come to think about it. They are the roots of the housing crisis, not just external money or house flippers. How come AI isn't developed in this area? Transactions are so simple and rules are already in place. That would solve housing and economic crisis. North America is experiencing technical recession due to weak policies in various areas creating loopholes and result in addition of technical recession. This sticky 1980 crash like is much more dangerous as it hurts everyone in the equation. Due to global wars, this may drag to 1929 recession 2.0 which is caused by Wallstreet, ie. Massive layoffs to meet Wallstreet ridiculous expectations on earnings. Solve this will eliminate many issues including poverty.

@grab-a-javaroasters7592fresh Ай бұрын

No, this means more realtors into politics.

@juliec50154 Ай бұрын

Cap the rate

@gumby7919 Ай бұрын

Canada always following daddy.

@gerelynreynolds2391 Ай бұрын

So your house could sit longer.

@micheltremblay2544 Ай бұрын

Next time interview someone who actually knows more about our Canadian agencies and how we conduct transactions Pick any managing broker from an agency US and Can systems are VERY different !