We have officially made it through the first weekend implementing the new buyer/broker agreements. Congratulations! Not so bad after all 🙌🙌

We are less than a week away from the implementation of the NAR settlement. On a scale of 1-10, how prepared are you? If you procrastinated, jump into this week's update for all the last-minute guidance. There is continued mass exodus from major metro areas in the northeast and west coasts. The biggest beneficiary for two quarters straight is Columbus, OH 🙌

Last week was one for the record books and it feels like the volatility has only just begun. Fed signals rate cuts at their Wednesday meeting. Jobs report disappoints for the first time in I don't know how long. Unemployment jumps to 4.3%. Bank of Japan rocks the global economy. Phew! Hold on tight...

Tide is starting to shift as buyers start to gain more leverage in a slowing housing market. Are appraisal gaps, bidding wars and waiving home inspections a thing of the past? Rate and term refinances may not make up a bulk of the next refinance boom, but what will? We are already starting to see how the NAR settlement is going to play out and it can be navigated only with a massive amount of open communication between all parties. Lastly, we've been building to this week. Lots of major data points coming out that you need to pay attention to.

Markets have priced in a 25bps rate cut in September with a 98% probability. A lot has changed in July. At one point we thought 6-7 rate cuts, now the markets are thinking at least 1, maybe 2. I am still in the camp that cutting now could have longer-term effects that we can't afford...literally. Additionally, we don't have a firm idea of Democratic nominee at this time now that President Biden will not seek re-election, however, Republican nominee Donald Trump gave an interview with some key implications for the housing market. Find out what his re-election might mean to us.

CPI came in lower than expected, which is a hopeful sign for everybody's wallet AND for potential rate cuts in the future. But then PPI dropped the next day and it scared me a bit moving violently in the wrong direction. Will smaller companies survive a surging inflation on the production of goods and services? Major Ohio cities are still red hot relative to other parts of the country, but we are starting to see some signs of cooling. Lastly, markets started placing bets on a Trump re-election after the weekend's tragic events. What does a Trump win mean for rates?

Another less-than-stellar jobs report under the covers. Top line still looked promising. But you know there are always secrets hidden in the details. Unemployment also hit a multi-year high at 4.1%. Will we see inflation make moves lower on Thursday?

The first debate of the presidential election was…interesting. I’ll explain what typically happens to the housing market in the year following a presidential election. Also, both existing and new home sales are starting to slow on an annualized basis. This week we’ll see the big jobs data…hold on tight!

Already half way through the year and it’s been a doozy. But the second half looks like it’s shaping up to be more wild than the first. Sale prices are coming down in pockets of the country and inventory is growing. Additionally, we have access to a free invite-only masterclass on Wednesday. Find out the details!

It was an eventful Wednesday last week with CPI data releasing in the morning and the Fed's press conference in the afternoon. Mortgage rates had a wild ride. Fortunately, I'm here to give you the full breakdown and where rates stand today. If you're a realtor or a first time homebuyer looking to improve your credit, check out this week's value bomb with 9 ways to boost your credit FAST.