Millennial Market Talk

31/01/2024

In this insightful episode of "Key Factors Podcast," hosted by Mark Jones and powered by Review My Mortgage, we delve into the dynamic world of real estate through the experienced eyes of father-son duo Robert and Austin Elder. Robert Elder, a seasoned real estate professional, shares his journey from rolling up flyers for his mother's listings to becoming a real estate maestro. His narrative is rich with tales of adapting to industry changes and the importance of building relationships and a strong work ethic.

Austin Elder, on the lending side of real estate, recounts his unique entry into the industry - from failing his loan officer test by a hair's breadth to becoming a savvy processor learning the ropes from the ground up. His story is a testament to perseverance and the power of learning by doing. Austin's innovative approach to social media and content creation is discussed in detail, highlighting how modern tools can enhance traditional real estate practices.

The episode also explores the nuances of the current market, discussing strategies for both buyers and sellers in an ever-changing landscape. Robert and Austin provide their insights on navigating market fluctuations, offering advice to both new and experienced players in the industry. They emphasize the need for real estate professionals to sharpen their skills and stay adaptable to succeed in 2024's promising market.

Listeners are treated to a blend of seasoned experience and fresh perspectives in this engaging discussion. "Respect Your Elders" is more than just a catchy title; it's an invitation to learn from two generations of real estate expertise and to understand the value of hard work, adaptability, and innovation in this dynamic field.

Host: Mark A Jones
Guests: Austin Elder & Robert Elder

08/12/2023

Make sure to Subscribe to My Channel‼️Gosh Darn It… 🤓

23/11/2023

🔑 Welcome to a new episode of the Key Factors Podcast!

In this insightful episode, we delve into the critical issues impacting realtors and lenders in today's challenging real estate market. Join us as we discuss the New & Largest Class action suit brought forth by the buyers of previous transactions claiming they overpaid for homes and commissions. This will surly change the way we do business as we know it.

🏠 Featuring Esteemed Guests:Shane Tokheimim J.j. Gorena IIII

06/11/2023

In this enlightening episode, host Mark Jones, delves deep into the recent NAR Ruling on Buyer Agency Verdict in Missouri Kansas, which has sent ripples throughout the real estate industry. Joining the discussion are three industry veterans who bring their unique perspectives to the table.

Guests:
Nacole Ricks, a seasoned Residential Listing Specialist and Investment Property Expert, who advocates for homeownership and industry stability at NAR. Nacole highlights the indispensable role of the real estate sector in the state's economy, the essence of Fair Housing, and common misconceptions about real estate agents.

John Grof, an accomplished real estate agent with a passion for music and the outdoors. John passionately speaks about the lawsuit's impact on the profession's integrity and questions the metrics used to judge agent commissions. He further draws parallels between realtor and attorney fees and hints at a possible larger agenda in play.

Tori Summers, a dedicated buyers agent with an impressive track record. Tori brings her insights on serving clients, the importance of referrals, and her firsthand experiences on the field. Based in Boerne, TX, Tori's journey is testament to the dedication and hard work agents put in daily.

The NAR (National Association of Realtors) verdict regarding buyer agency that resulted in a lawsuit of $1.78 billion is a significant development in the real estate industry. Here's a synthesis of the information gathered:

The Verdict: A federal jury found the National Association of Realtors (NAR) and some residential brokerages, including units of Warren Buffett's Berkshire Hathaway, liable for conspiring to artificially inflate commissions for home sales. As a result, they were ordered to pay $1.78 billion in damages​1​.

Impact on Practices: The verdict could change long-standing practices that have allowed real estate agents to increase commissions in tandem with rising home prices and mortgage rates, making housing transactions more costly for consumers​1​.

Plaintiffs: The class action lawsuit included sellers of over 260,000 homes in Missouri, Kansas, and Illinois between 2015 and 2022. These sellers objected to the commissions they had to pay to buyers' brokers​1​.

Details of the Conspiracy: The accused parties were found guilty of colluding to maintain or inflate high commission rates via NAR’s Clear Cooperation Rule​2​.

Potential Implications: The awarded damages could be tripled under U.S. antitrust law, which would amount to more than $5.3 billion​1​. This ruling might also pave the way for similar lawsuits in other states​2​.

Defendants' Response: NAR and other defendants, such as HomeServices of America, expressed their disappointment with the verdict and indicated plans to appeal​1​.

Other Settlements: Some real estate companies chose to settle before the trial. For instance, Re/Max settled for $55 million and Anywhere Real Estate (which includes brands like Century 21 and Coldwell Banker) settled for $83.5 million​1​.

Industry Repercussions: This verdict could lead to significant changes in the residential real estate industry. For instance, CoStar Group's CEO, Andy Florance, mentioned that the trial's outcome might create rapidly changing conditions favoring Homes.com, a CoStar subsidiary. The business model of Homes.com isn't negatively impacted by the potential end of the buyer-broker commission rule, presenting a new opportunity​3​.

In sum, this verdict is not only significant for the size of the damages awarded but also for its potential to reshape longstanding practices in the real estate industry. The decision is also a reminder of the importance of competition and transparency in the industry.

04/09/2023

SaintCanary.com

11/08/2023

SaintCanary.com | All You Need to Know‼️
❤️

20/07/2023

Agree with THIS ⬇️ 10000000% | Hope You Do Too. 😉

26/05/2023

In this episode of the "Key Factors Podcast," hosted by Mark Jones and sponsored by reviewmymortgage.com, the show has reached over 10,000 users in its first month. This success is attributed to the desire of home buyers for educational content. The guest of the episode is Lucio "Bo" Vasquez, a well-known realtor in the San Antonio community. Bo has a background in teaching, which transitioned into a career in real estate following a suggestion from a friend. Despite his success, Bo insists his motivation wasn't money. He appreciates the robustness of the San Antonio market and feels fortunate to be part of it. The host also introduces the regular co-host Matthew Stansbury. The episode aims to discuss Bo's transition from educator to realtor, and his experiences and success in real estate.

Guest:

Lucio "Bo" Vasquez
Realtor | Keller Williams Heritage
License #647841
GET IN TOUCH WITH BO
[email protected]
https://bo-yourrealtor.kw.com/

Key takeaways from this discussion:

The importance of experience in the real estate market: The current market environment requires experienced professionals who can navigate the complexities and challenges that arise. Realtors and lenders who are new to the industry may struggle to adapt, which is why experience is so critical.

The transition from teaching to real estate: The conversation highlighted how teaching skills can be beneficial in the real estate market. The ability to educate clients about the home buying process is a valuable asset.

The shift in home buying trends among younger generations: Younger generations, like millennials, are increasingly interested in home ownership. However, their expectations and preferences may differ from those of older generations. It's important for real estate professionals to understand these trends and adapt accordingly.

The impact of interest rates and the pandemic on the real estate market: The pandemic led to historically low interest rates, which sparked a boom in the real estate market. However, as interest rates rise, the market is likely to normalize.

The importance of home equity: Home equity is a key consideration for homeowners. Over time, as homeowners pay down their mortgages and their homes appreciate in value, they can build significant wealth. For many people, their home is their most valuable asset.

The value of home ownership versus renting: The discussion also touched on the benefits of home ownership over renting. While renting may be more affordable in the short term, home ownership can offer long-term financial benefits.

The influence of online information: With the rise of social media and online platforms, consumers have access to a wealth of information about real estate. However, not all of this information is accurate or useful. It's important for consumers to consult with experienced professionals to ensure they're making informed decisions.

This discussion provides valuable insights into the current real estate market and the role of professionals in guiding consumers through the home buying process.

06/05/2023

In a landscape where credit scores govern our financial lives, understanding how they work is crucial, especially when it comes to home buying. In this power-packed episode of the Key Factors Podcast, we dive deep into the world of credit scores, their new rules, and what they mean for you as a home buyer.

Host Mark Jones, President of iTHINK Mortgage and co-founder of ReviewMyMortgage.com, engages in a vibrant discussion with esteemed guests Matt Stansbury, a Senior Loan Officer with iTHINK Mortgage, and Dylan Shivley, Owner of James Warren Group – deemed the best credit repair and monitoring company in the US.

Our panel of experts demystify the concept of Loan Level Price Adjustments (LLPA), a significant but often overlooked aspect of the mortgage process. The episode also debunks several myths surrounding credit scores, challenging the commonly held belief that good credit buyers are penalized more than lower credit score buyers.

This conversation serves as an invaluable resource, providing you with the knowledge and tools to navigate the intricacies of credit scores and home buying. If you're on the path to owning a home or simply want to understand the dynamics of credit scores better, this episode is a must-listen!

To learn more about our hosts and guests, visit iTHINK Mortgage and James Warren Group. Listen to this and more insightful episodes on Buzzsprout.

Don't forget to subscribe and share, so you never miss an episode of the Key Factors Podcast.

10/03/2023

Elon Musk has reportedly purchased thousands of acres of land in Texas to build his own town for employees to live and work. The proposed town, adjacent to Boring and SpaceX facilities, is said to include rental homes below the local market value and a Montessori school. Texas law requires at least 201 residents before incorporating an area, and plans call for the construction of 110 more homes. Musk's move to Texas comes as he criticized California for "overregulation, over litigation, overtaxation." This video provides insights into the survey conducted by WalletHub, comparing California and Texas' tax burdens.



Discussion References :

https://www.youtube.com/watch?v=6h393V0FuBw

https://finance.yahoo.com/news/elon-musk-reportedly-building-own-165241581.html

Newsom: Texans pay more in taxes than Californians. Is he ...
The Sacramento Bee
https://www.sacbee.com › capitol-alert › article271288017

08/03/2023

The U.S. foreclosure market is showing signs of stabilizing, with foreclosure activity declining by 3% in February 2023, according to a report by ATTOM. However, foreclosure activity was still up 18% from a year ago. Despite the decline, the report warns that the numbers don't yet show a clear trend toward fewer foreclosures. The report also revealed that lenders repossessed 3,831 U.S. properties through completed foreclosures in February, which is up 45% from last year. New York, Georgia, and California saw the greatest increase in completed foreclosures.

.S.foreclosuremarket .

Article References : https://www.attomdata.com/news/market-trends/foreclosures/attom-february-2023-u-s-foreclosure-market-report/

https://www.youtube.com/watch?v=PgRRuRdB1Us

https://www.youtube.com/watch?v=4mVzI9s93vc

07/03/2023

Join Today's Mortgage Markets Conversation with Mark and Matt!

06/03/2023

Join us as we discuss rates, hot topics, and even new construction. What's happening in the housing market?

03/03/2023

Join the discussion and soak up some knowledge from the Experts over here at iTHINK MORTGAGE - Mark, Matt, & Jody!

13/12/2022

Real Estate & Mortgage Update for the week of Dec 13th

17/05/2022

-QualifiedMortgage Inquiries are on the Rise... WHY? they provide alternative solutions to purchasin...

16/05/2022

Hot Topics, Interest Rates, Inventory, Historic Perspective, and More!

11/05/2022

NEW TEXAS HOUSING MARKET UPDATE

M A R K E T - P E A K I N G ⁉️

https://youtu.be/pjXMF1Qnkcw

Visit LaCanteraLoans.com to get your options. Visit https://www.millennialmarkettalk.com Subscribe to Apple Podc...

08/05/2022

07/05/2022

👀 WATCH NOW 👀

New Episode - Live Experience Now Available.

Host : Mark A Jones
Guest : Brian M. Paris - SA Real Estate
Guest : Preston Jones - Loan Officer

* View & Learn * Comment * Subscribe * Share * Join The Conversation * Keep the Conversation Going * Key Factors Podcast

https://youtu.be/UQNQjG0Cx9w

this episode Mark Jones, has a very productive conversation with his brother Preston J...

27/04/2022

Millennial Mortgage Update | Mark JonesLooking for ALL of Your FHA Financing Optionshttps://lacanteraloans.com/loan-program/fha-loans/What is an FHA loan?FHA...

26/04/2022

Credit Holding You Back? WATCH THIS

https://youtu.be/w7Ujv697tgw

TikTok Videos by 2 of LaCanteraLoans Top Producing Loan Officers Found Below :TheJonesMtgG...

25/04/2022

Taxes on the rise and with all the scary content out spreading fear in our great state of Texas, I ...

22/04/2022

Mortgage Rates | RE Values | Recession | | | |

— with John Howland Pell Hudson.

https://youtu.be/AskTZpkKo0I

In this episode Mark Jones interviews John Hudson, EVP of Mortgage Financial Services to direct todays real estate and mortgage climate. So many nuggets drop...

20/04/2022

Get Educated on the Most Accurate Opinion of the 2022 Texas Housing Market. Learn about Inflation, Recession, Current Mortgage Rates, Housing Data, and 2022 Real Estate Prediction.

Visit https://www.millennialmarkettalk.com
Subscribe to Apple Podcast, Spotify, iheart, Facebook, to listen on the go Daily.

https://www.YouTube.com/MillennialMarketTalk

This is your Millennial Mortgage Update with Mark Jones, Producing, Branch Manager, of Directions Home Loan at La Cantera in San Antonio TX. Tune in to get your Daily Mortgage & Real Estate Update in Minutes from a Millennials Perspective. This is for Consumers and industry Professionals to stay current with what's going on in our world.

Mark Jones
Branch Manager
Directions Home Loan La Cantera
Top Producing Loan Officer
NMLS # 513437
Branch NMLS #2062296
15900 LaCantera Pkwy #26225
San Antonio TX 78256
Equal Housing Lender

05/04/2022

Despite what the media is showing you, the Texas Housing Market is still on the rise with no end in site. Here is an update on rates and why you should continue to the hunt if you're a buyer shopping around but getting out beat.

This is your Millennial Mortgage Update with Mark Jones, Producing, Branch Manager, of Directions Home Loan at La Cantera in San Antonio TX. Tune in to get your Daily Mortgage & Real Estate Update in Minutes from a Millennials Perspective. This is for Consumers and industry Professionals to stay current with what's going on in our world.

BONUS:
Debt Awarded to Ex-Spouse (if stated in decree) can also be omit from the borrowers monthly liabilities, thus lowering the borrowers DTI. (A Divorce Decree is a Legal Binding Agreement)

Host :
Mark Jones
Founder of https://reviewmymortgage.com/
Branch Manager Directions Home Loan La Cantera
Top Producing Loan Officer
NMLS # 513437
Get in Touch with Mark.
https://lacanteraloans.com/loan-offic...

Listen to Weekly Industry Topic Discussions on all podcast platforms by visiting this link https://www.keyfactorspodcast.com/

Educational Podcast for Consumers, Mortgage & Real Estate Industry Professionals. We'll Talk About It All! Key Factors podcast, powered by https://ReviewMyMortgage.com .

Host : Mark A Jones Founder of ReviewMyMortgage.comProducing Branch MangerSr. Loan Officer. NMLS ID # 513437NMLS Consumer Access: http://www.nmlsconsumeraccess.org/Pow... by ReviewMyMortgage.com

31/03/2022

Rate Update & The Best Time to Sell!

https://youtu.be/fiuECz3sHdA

Millennial Mortgage Update | Mark JonesVisit https://www.millennialmarkettalk.com Subscribe to Apple Podcast, Spotify, iheart, Facebook, to listen on the go ...

29/03/2022

Sad by True!

29/03/2022

I think this is a good analogy for the current reality of the Mortgage & Real Estate Market. What Do You Think?

29/03/2022

MORTGAGE RATE UPDATE

Update: Will Smith & Chris Rock - What Really Happened & How It Relates to the Real Estate Market

https://youtu.be/OOST5l3bzfc