Tonight, we had a pretty good show. We started with the story of Stanford University writing that the word “American” is problematic. Is it? Maybe the intent was good but the result was bad. It’s not a nothing burger, but it isn’t exactly an Anti-American sentiment..

We moved on to some great tweets from Charlie Billelo, Liz Ann Sonders, and Darth Powell. Is the housing market just one huge ponzi scheme? National Association of Homebuilders confidence index is awful…does that portend to a severe downturn in the market?

Finally, we went over a few articles. From the National Association of Realtors, remarks by Lawrence Yun indicate that he does not believe there will be a repeat of the market crash from 2008. I do not share in his optimism, and I give specific rebuttals to the points he makes.

The second article from realtor.com asks the question of whether or not realty TikTok is legit. It’s an interesting question that is a little too open ended to really answer in a simple affirmative or negative. Are there hucksters, and fraudsters on TikTok? Of course! Should you make real estate decisions solely on their representation? Of course not.

Finally, more states have begun to sue MV Realty, a real estate brokerage out of Florida, with Pennsylvania and Massachusetts filing suit this week. Is MV Realty the worst real estate brokerage ever? I’m guessing no, but their practices are extremely disingenuous and definitely warrant further scrutiny by not only every state real estate commission in which they are licensed, but also the feds should definitely be looking at them.

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Mortgage Rates came in at 6.38 percent on a 30 year fixed today.

Google Trends: Stanford says no to the word American…is there more to this?

https://nypost.com/2022/12/20/stanford-releases-guide-against-harmful-language-including-term-american/

On the Twitter

Charlie Billelo
https://twitter.com/charliebilello/status/1605202355733110787

Liz Ann Sonders
https://twitter.com/LizAnnSonders/status/1605143844319891457

Darth Powell
https://twitter.com/GRomePow/status/1605363458601467904

Steve Saretsky
https://twitter.com/SteveSaretsky/status/1605311047124258818

Justice Queen
https://twitter.com/RE_MarketWatch/status/1605171539141435394

Darth Powell
https://twitter.com/GRomePow/status/1605303869872820224

Real Estate News and Commentary

Don’t Say Housing Crash
https://www.nar.realtor/magazine/real-estate-news/5-reasons-this-isnt-a-repeat-of-the-2008-housing-crash

Real Estate TikTok not legit?
https://www.realtor.com/advice/buy/is-real-estate-tiktok-legit-how-to-get-best-information/

MV Realty, Sued Again, and Again
https://www.realtrends.com/articles/two-more-states-sue-mv-realty/

How’s the Multifamily market looking now?
https://www.zerohedge.com/markets/us-building-permits-collapse-november-multi-family-plans-plunge

Everything is fine, until it isn’t
https://schiffgold.com/commentaries/everything-is-fine-until-it-isnt/

Wells Fargo…committed to the environment…legal lending practices, not so much
https://www.cnn.com/2022/12/20/investing/wells-fargo-cfpb-foreclosure-fine/index.html

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