Lawrence Yun

It's not even a big deal.

I mean, you know, you go from 40 to 50 years, and what it means is you pay something less.

From 30, some people had a 40, and now they have a 50.

All it means is you pay less per month.

You pay it over a longer period of time.

It's not like a big factor.

The real estate profession is one of the most competitive out there. It's almost like economic textbook definition of perfect competition.

The real estate profession is one of the most competitive out there. It's almost like economic textbook definition of perfect competition.

The real estate profession is one of the most competitive out there. It's almost like economic textbook definition of perfect competition.

Lawrence Yoon, Chief Economist for the National Association of Realtors.

Lawrence Yoon, Chief Economist for the National Association of Realtors.

Lawrence Yoon, Chief Economist for the National Association of Realtors.

Well, for homeowners, it is great news. I mean, people have seen the home price rise roughly 50% from pre-COVID days. But for the real estate professionals, the past two years has been quite difficult. High mortgage rate along with record high home prices. and limited inventory has restricted business opportunity.

Well, for homeowners, it is great news. I mean, people have seen the home price rise roughly 50% from pre-COVID days. But for the real estate professionals, the past two years has been quite difficult. High mortgage rate along with record high home prices. and limited inventory has restricted business opportunity.

Well, for homeowners, it is great news. I mean, people have seen the home price rise roughly 50% from pre-COVID days. But for the real estate professionals, the past two years has been quite difficult. High mortgage rate along with record high home prices. and limited inventory has restricted business opportunity.

Home sales essentially trending at 30-year low levels, even though their past clients are all happy, super excited about having been a homeowner.

Home sales essentially trending at 30-year low levels, even though their past clients are all happy, super excited about having been a homeowner.

Home sales essentially trending at 30-year low levels, even though their past clients are all happy, super excited about having been a homeowner.

The real estate profession is one of the most competitive out there. It's almost like economic textbook definition of perfect competition. You have so many new entrants every year, roughly 200,000 new people, entrepreneurs trying to test out their skill set. And then you have roughly 200,000 realtors who gave their best, but they said, no, it's not for me.

The real estate profession is one of the most competitive out there. It's almost like economic textbook definition of perfect competition. You have so many new entrants every year, roughly 200,000 new people, entrepreneurs trying to test out their skill set. And then you have roughly 200,000 realtors who gave their best, but they said, no, it's not for me.