This week on the Open House Podcast, Mark and Corey react to the Federal Open Market Committee's recent rate cute and discuss employment trends in Rochester, NY with Jill Knittel, President of JK Executive Strategies.
Dec 26, 2024•40 min•Transcript available on Metacast This week on the podcast, Mark and Corey sit down with real estate attorney David Dollinger of Dollinger Associates. David shares his expert perspective on the current state of the real estate market and offers predictions for its future direction.
Dec 17, 2024•55 min•Ep 172•Transcript available on Metacast This week on the podcast, Mark and Corey are joined by Jay Teresi, Vice President of Back Office Sales and Strategy for Inside Real Estate. Jay offers profound insights into the evolution and current state of the real estate market, from a national perspective down to local nuances in Rochester.
Dec 11, 2024•41 min•Ep 171•Transcript available on Metacast This week on the podcast, Mark and Corey chat with Anthony Butera from the Anthony Butera Team at Keller Williams Realty. They dive into Anthony's rapid ascent in the real estate world, exploring the key milestones and lessons learned along the way. Anthony shares his unique insights on what it takes to succeed in the industry, his strategies for overcoming challenges, and his predictions for the future of real estate.
Dec 04, 2024•35 min•Transcript available on Metacast This week on the podcast, Mark and Corey sit down with Joe Leone, GRB’s Group Vice President and Residential Mortgage Manager. They delve into the latest trends and changes in the mortgage industry, discussing how these could impact homebuyers and homeowners alike.
Nov 26, 2024•41 min•Ep 169•Transcript available on Metacast In this special episode of the Open House podcast, we’re thrilled to welcome our very first video podcast guest, Jim Yockel, CEO of the Greater Rochester Association of Realtors (GRAR). Jim joins us to discuss the current state of the Rochester real estate market, the challenges and opportunities for buyers and sellers, and what trends are shaping the future. With his deep insight into the local market, Jim also shares his predictions for what we can expect in 2025. Whether you're a real estate ...
Nov 19, 2024•46 min•Ep 168•Transcript available on Metacast With Mark on vacation, Ed Kelm, Elysian Homes COO, fills in to talk with Corey about the potential impacts of the presidential election results on the real estate market. In this episode, they dive into how the newly elected policies and leadership could shape market dynamics, affect housing regulations, and influence buyer and seller confidence.
Nov 12, 2024•33 min•Ep 167•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the current chaos in the real estate market caused by election uncertainty.
Nov 05, 2024•29 min•Transcript available on Metacast This week on the podcast, Mark and Corey dive into the Halloween spirit with some eerie tales from the real estate world. They share spooky stories about haunted houses and creepy occurrences that agents and homeowners have encountered. Adding to the fright, they also discuss the current terrifying state of interest rates and what that means for buyers and sellers in today's market.
Oct 29, 2024•32 min•Transcript available on Metacast This week on the podcast, Mark and Corey tackle the evolving concept of the 'starter home' in the face of rising affordability challenges. They delve into how economic pressures and changing market conditions are reshaping what first-time homebuyers can realistically expect.
Oct 21, 2024•39 min•Ep 164•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the significant shift happening in the Rochester real estate market as it begins to experience a 'cool down.' They explore what has led to this cooling, the effects it's having on both buyers and sellers, and what future trends might look like if this trend continues.
Oct 13, 2024•36 min•Transcript available on Metacast This week on the podcast, Mark and Corey dive into the recent bombshell jobs report that has sent mortgage interest rates to a two-month high and injected a new level of uncertainty into the real estate market.
Oct 08, 2024•38 min•Transcript available on Metacast This week on the podcast, Mark and Corey discuss the unexpected reactions within the Rochester real estate market following the Federal Reserve's first interest rate cut.
Oct 01, 2024•25 min•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the Federal Reserve's recent decision to cut key interest rates, marking a significant shift in monetary policy. They explore what this rate cut means for the real estate market in both the short term and the long term.
Sep 23, 2024•37 min•Ep 160•Transcript available on Metacast This week on the podcast, Mark and Corey explore why fall is considered one of the best times for buyers to purchase a home. They discuss the unique benefits that the autumn market offers, from less competition and motivated sellers to potentially better deals.
Sep 16, 2024•33 min•Ep 159•Transcript available on Metacast This week on the Podcast, Josh Bartolotta subs in for Corey as he spends time with his newborn son! Josh and Mark discuss expectations for the fall market, real estate villain Josh Sitzer and his new startup company, and the alarming trend of national brokerages losing agents.
Sep 08, 2024•37 min•Ep 158•Transcript available on Metacast This week on the podcast, Mark and Corey dive deep into the real estate industry's reaction to the recent NAR commission lawsuit changes. They explore the immediate responses from agents, buyers, and sellers, assessing the impact on the market dynamics and professional practices.
Aug 24, 2024•40 min•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the Federal Reserve's recent achievements, which seem to have accomplished what many thought impossible—taming inflation without crashing the economy. They explore how this 'soft landing' was managed, the strategies employed by the Fed, and what this means for the real estate market and broader economy going forward.
Aug 17, 2024•32 min•Transcript available on Metacast This week on the podcast, Mark and Corey tackle the important changes set to reshape the real estate landscape starting August 17th, focusing on buyer agent commissions and buyer agency agreements. They break down what these changes mean for both buyers and agents, and how they can prepare for the transition. Additionally, they take on misleading advice from a consumer watchdog group aimed at sellers, providing clarifications and reliable guidance to navigate these claims.
Aug 09, 2024•33 min•Ep 155•Transcript available on Metacast This week on the podcast, Mark and Corey dissect the pivotal moments from the past week that marked a significant milestone in the ongoing narrative of 'the big shift' away from high mortgage rates. They discuss how the recent underwhelming jobs report and the accompanying economic indicators led to a drastic drop in mortgage rates, marking a victorious moment after several false starts. With the Federal Reserve's heightened anticipation of rate cuts—now potentially more aggressive t...
Aug 03, 2024•36 min•Ep 154•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the recent uptick in real estate listings, exploring how this aligns with encouraging economic data to suggest a bright future for the market. They discuss the broader implications for economic growth and how current trends are shaping buyer and seller behaviors. However, looming over this positive momentum is the upcoming presidential election, a wild card that could potentially reverse these gains.
Jul 27, 2024•35 min•Ep 153•Transcript available on Metacast This week on the podcast, Mark and Corey delve into a crucial topic for today’s market: identifying which region of the US is most likely to experience a real estate bubble. They discuss the factors that contribute to such a bubble, including economic indicators, market overheating, and speculative buying behaviors.
Jul 18, 2024•25 min•Ep 152•Transcript available on Metacast This week on the podcast, Mark and Corey analyze the latest Consumer Price Index (CPI) report, which registered at 3%, marking the lowest level in over three years. They discuss the significant implications of this development for the mortgage industry, forecasting a likely continued drop in interest rates for the remainder of the year.
Jul 11, 2024•31 min•Ep 151•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the exciting news about Rochester's real estate market. With projections indicating that Rochester is set to experience the second highest home price increase in the nation next year, they explore what this means for buyers, sellers, and investors.
Jul 05, 2024•35 min•Transcript available on Metacast This week on the podcast, Mark and Corey tackle a pressing issue for potential homebuyers—whether to buy now or wait for the anticipated lower interest rates later in the year. They discuss the risks and missed opportunities of waiting out the market, even amid growing optimism about possible rate cuts. The episode offers strategic advice on why acting now could be beneficial and how to navigate the current real estate landscape effectively.
Jun 29, 2024•32 min•Ep 149•Transcript available on Metacast This week on the podcast, Mark and Corey discuss the recent positive developments in combating inflation and what this could mean for the economy. Despite the optimism, they also consider the potential for a slower pace in the real estate market over the next couple of months. They'll delve into how these trends could impact both national and local markets, offering insights into what buyers and sellers might expect.
Jun 17, 2024•32 min•Ep 148•Transcript available on Metacast This week on the podcast, Mark and Corey dive into the recent national trends showing a significant increase in new listings, price reductions, and delistings in the real estate market. They examine what these shifts mean for the market dynamics, how they affect both buyers and sellers, and what might be driving these changes.
Jun 08, 2024•31 min•Ep 147•Transcript available on Metacast This week on the podcast, Mark and Corey analyze the slight recovery in the real estate market following Memorial Day. They discuss the current state of the market, what drove this modest uptick, and the critical factors that could influence its trajectory for the remainder of the year.
Jun 01, 2024•35 min•Transcript available on Metacast This week on the podcast, Mark and Corey delve into the recent unexpected slowdown in the real estate market. They analyze the factors contributing to this deceleration and discuss whether this could be a short-term anomaly or the onset of a longer-term trend. Join them as they unpack the data, provide expert insights, and forecast what this shift could mean for the market’s future.
May 26, 2024•31 min•Ep 145•Transcript available on Metacast This week on the podcast, Mark and Corey dissect the implications of the recent favorable Consumer Price Index (CPI) report and its potential to steer us towards a rate cut. They explore how this economic indicator could affect mortgage rates and the overall real estate market, offering insights into what this means for buyers, sellers, and investors.
May 19, 2024•27 min•Ep 144•Transcript available on Metacast