Jon Grauman

So I know that they've talked about potentially reducing the federal funds rate by two percentage points next year. That would be tremendous if that happens. But we've seen in the past that it may veer off from that course. And I just don't know. Again, my feeling is that the housing market, the capital markets, they all benefit from obviously lower interest rates.

And I think that those markets are chomping at the bit and so poised to take off. I think that I'm very, let me put it this way. I'm uncertain of what the next 60 to 90 days might look like. I'm very bullish on what the next six to nine months are going to look like.

And I think that those markets are chomping at the bit and so poised to take off. I think that I'm very, let me put it this way. I'm uncertain of what the next 60 to 90 days might look like. I'm very bullish on what the next six to nine months are going to look like.

And I think that those markets are chomping at the bit and so poised to take off. I think that I'm very, let me put it this way. I'm uncertain of what the next 60 to 90 days might look like. I'm very bullish on what the next six to nine months are going to look like.

Okay, how so?

Okay, how so?

Okay, how so?

I agree with that. I think it'll be more measured, which it should have been from the beginning, right? If we look at the sort of reverse of this and how quickly interest rates climbed, it was the fastest and highest spike in history in such a short period of time. Why weren't they raising them a quarter per quarter? Just gradually ease our way into that.

I agree with that. I think it'll be more measured, which it should have been from the beginning, right? If we look at the sort of reverse of this and how quickly interest rates climbed, it was the fastest and highest spike in history in such a short period of time. Why weren't they raising them a quarter per quarter? Just gradually ease our way into that.

I agree with that. I think it'll be more measured, which it should have been from the beginning, right? If we look at the sort of reverse of this and how quickly interest rates climbed, it was the fastest and highest spike in history in such a short period of time. Why weren't they raising them a quarter per quarter? Just gradually ease our way into that.

The reality is I think that they got greedy. Things were too good for too long. And then they had to make more of a drastic correction. And, you know, that's just the world that we live in right now is sort of drastic extremes as the pendulum swings from one side to the other. But it's not good for markets.

The reality is I think that they got greedy. Things were too good for too long. And then they had to make more of a drastic correction. And, you know, that's just the world that we live in right now is sort of drastic extremes as the pendulum swings from one side to the other. But it's not good for markets.

The reality is I think that they got greedy. Things were too good for too long. And then they had to make more of a drastic correction. And, you know, that's just the world that we live in right now is sort of drastic extremes as the pendulum swings from one side to the other. But it's not good for markets.

Those are both great questions. And I think it's first important to just distinguish the difference between those two questions because they're two entirely separate issues. So it hasn't really affected the market because it's not meant to affect the market. These are internal policy changes that relate to the way we as real estate agents operate within our industry.

Those are both great questions. And I think it's first important to just distinguish the difference between those two questions because they're two entirely separate issues. So it hasn't really affected the market because it's not meant to affect the market. These are internal policy changes that relate to the way we as real estate agents operate within our industry.

Those are both great questions. And I think it's first important to just distinguish the difference between those two questions because they're two entirely separate issues. So it hasn't really affected the market because it's not meant to affect the market. These are internal policy changes that relate to the way we as real estate agents operate within our industry.

not how it's going to affect home values and home prices and the housing market in general. So that's one point. In terms of how it's affected the real estate industry, I think it's just new territory for everybody. I think everybody is really just in a place where they're trying to figure out, you know, is this... Is this the new world order or is this just business as usual?

not how it's going to affect home values and home prices and the housing market in general. So that's one point. In terms of how it's affected the real estate industry, I think it's just new territory for everybody. I think everybody is really just in a place where they're trying to figure out, you know, is this... Is this the new world order or is this just business as usual?

not how it's going to affect home values and home prices and the housing market in general. So that's one point. In terms of how it's affected the real estate industry, I think it's just new territory for everybody. I think everybody is really just in a place where they're trying to figure out, you know, is this... Is this the new world order or is this just business as usual?

Ultimately, what it really is, is a more circuitous route to the same destination, right? It's in most instances, I'm finding that it is still the seller that is paying the commission to both sides. It's just structured a little bit differently today. So the simplest way to explain this is that as a result of the NIR settlement, there were a couple of situations.