GOOD AFTERNOON, EVERYONE AND
WELCOME TO YOUR FUTURE HOME
PRESENTED BY ROCKET MORTGAGE
SPY QUICKEN LOANS, YOUR FUTURE
HOME IS A REAL ESTATE SHOW
FOCUSED ON NEWS TRENDS AND YOUR,
FUTURE HOME ROCKET MORTGAGE
TREE GET MORE THAN EXPECTED
FROM A MORTGAGE LENDER I'M
RALLY.
>> AND I'M BRETT SMITH, WHILE
ROCKET MORTGAGE BY QUICKEN
LOANS IS THE PRESENTING SPONSOR
OF THIS PROGRAM, THE OPINIONS
OR STATEMENTS EXPRESSED IN THE
FOLLOWING SEGMENTS ARE
OUR OWN.
>> I READ IT IS TIME TO JUMP
RIGHT IN WITH SOME OF THE TOP
REAL ESTATE STORIES WE'RE
FOLLOWING FOR YOU TODAY HOME
BUILDER CONFIDENCE HAS SURGED
TO THE
HIGHEST LEVEL NEARLY 2 YEARS
BUILDER CONFIDENCE JUMPS TO 71
POINTS THIS MONTH ON THE
NATIONAL ASSOCIATION OF HOME
BUILDERS HOUSING MARKET INDEX.
THAT'S THE HIGHEST
LEVEL SINCE FEBRUARY 20 18 AND
UP FROM 68 IN OCTOBER OF LAST
YEAR AND A BUS 50 IS CONSIDERED
POSITIVE SENTIMENT. THE RISE
IS ATTRIBUTED TO LOWER INTEREST█
RATES WAS TRIGGERED IT
UNSEASONABLY STRONG SURGE IN
DEMAND AT THE END OF SUMMER
AND IN EARLY FALL, THE AVERAGE
RATE ON THE 30 YEAR FIXED
MORTGAGE IN EARLY SEPTEMBER WAS
AROUND
3.5%. THE INCREASE IN DEMAND SO
HAS THE SUPPLY OF HOMES PRICED
BELOW $200,000 DOWN TO 10% YEAR
OVER YEAR
AFTER 1018 MONTHS OF STRONG
INVENTORY GROWTH THE SUPPLY OF
HOMES PRICED BETWEEN 200,750
$1000 FLAT-LINED IN SEPTEMBER
HOMES IN THAT RANGE MAKE UP 60%
OF THE RESIDENTIAL REAL ESTATE
MARKET MORTGAGE REFINANCING
CONTINUES TO RISE,
ACCORDING TO THE MORTGAGE
BANKERS ASSOCIATION
APPLICATIONS TO REFINANCE OF
HOME WERE UP 4% FOR
THE WEEK AND WE'RE ALMOST 2%
HIGHER THAN THE SAME WEEK LAST
YEAR. BUT WE DO FREQUENTLY ON
THE SHOW
TALK ABOUT SOME OF THE NEEDS
FOR THESE FIRST-TIME HOMEBUYERS
THE ENTRY LEVEL HOMES RIGHT
STILL SOME WEAKNESS IN THAT
HOUSING SUPPLY IS LOW FOR THE
ENTRYWAY OF ALL BUILDERS ARE
NOT REALLY DOING TOO MUCH TO
REPLENISH THAT INVENTORY.
BUT OVERALL HOME BUILDERS DO
SEEM TO HAVE MORE CONFIDENCE
OVERALL THAT'S RIGHT.
>> THE DEMAND THOUGH IN THE KEY
MARKET THAT 60% OF THE MARK
THAT YOU MENTIONED, WHICH IS
KNOWN AS THIS
MOVE-UP MARKET I THINK THAT'S
WHAT'S REALLY CRITICAL HERE.
THE FACT THAT YOU MENTION THIS
THAT
SUPPLIES THERE FELL AS WELL AS
SUPPLY OF HOMES PRICED BETWEEN
200,750 $1000 THEY MAKE UP THAT
60% OF
THE MARKET, A DEMAND SURGING UP
HIGHER AND THEN MOVE UPMARKET
THAT'S A CRITICAL THING TO NOTE
HERE BUT THEN ALSO YOU'VE GOT
ROUGHLY
5 MILLION MOSTLY ENTRY LEVEL
HOMES THAT HAVE BEEN TURNED
INTO SINGLE-FAMILY RENTALS AND
STRONG DEMAND FOR THOSE RENTALS
MEANS THAT INVESTORS ARE
UNLIKELY TO PUT THEIR HOMES UP
FOR SALE ANY TIME SOON
OUR GUYS AND SOME OTHER NEWS
THAT WE'RE FOLLOWING HERE.
A PROMINENT COUPLE IN SAN
FRANCISCO'S TECH SCENE HAS
LISTED BUT THEIR GOLD COAST
MANSION FOR MILLION
BECAUSE AT THAT PRICE IT WOULD
TIE A RECORD FOR THE MOST
EXPENSIVE HOME EVER SOLD IN THE
BAY AREA
AND THE FOCAL POINT OF THE
WHIMSICALLY DECORATED ESTATE IS
A DRAMATIC DOUBLE STAIRCASE
WITH ZEBRA PRINTS CARPETING AND
THERE'S AN ECLECTIC
ART GALLERY THAT MIXES 18
TH-CENTURY AND CONTEMPORARY
PORTRAITS AS A PUP WITH AN ANTI
BAR PULLED FROM A SHUTDOWN
BRITISH TAVERN AND A BRITISH
UNION JACK MOSAIC BUILT INTO
THE FIREPLACE IN
THE STUDY IT ALSO FEATURES A
LIBRARY WITH THAT YOU THOUGHT
THAT WAS THE IT AND THAT WAS
THE END OF IT IT ALSO FEATURES
A LIBRARY THAT'S COVERED
WITH CEILINGS COFFERED CEILINGS
THERE AND I GUESS WE'D WITH
QUILTED LEATHER WALLS AND A
WINE CELLAR ALL RIGHT WELL
BIRCH PURCHASED THE HOME.
MICHAEL IN SOCHI BIRCH COACHES
PERCH THE HOME IN 2008 AFTER
SELLING THEIR SOCIAL NETWORKING
SITE. THE ROAD TO AOL FOR 850
MILLION DOLLARS AND IRONICALLY
THE COUPLE BUT BACKED THE SITE
OUT OF BANKRUPTCY
ONLY $1 MILLION IN 2013, THEN
THEY RESOLD IT EARLIER THIS
YEAR TO TWITCH FOR 25 MILLION
DOLLARS THE WEBSITE.
>> YES, THE HOUSE IS UPSET
BECAUSE THAT'S
SO THERE'S BEEN SOME TRENDS IN
THAT REGION IN SAN FRANCISCO IN
TERMS OF THESE HIGH-PRICED
HOMES
THERE WERE 16 CELLS AND SAN
FRANCISCO PRICE OF 5 MILLION OR
MORE IN THE 3RD QUARTER OF THE
YEAR, BUT THEN AT 12 DURING THE
SAME PERIOD LAST YEAR SO
INCREASE THEIR BUT THE
ANALYSTS HAD AND SAYING THE
DEMAND IS PARTIALLY DUE TO AN
INCREASE IN INITIAL PUBLIC
OFFERINGS GOT NEW RICH PEOPLE
WHO ARE THIS TIME THEIR
COMPANIES ARE GOING PUBLIC
ADDING A LITTLE BIT OF MONEY TO
THEIR POCKETS BUT MY FAVORITE
PART ABOUT THIS HOME IS THE
LIBRARY A LIBRARY OR EVEN HAS
LIBRARIES ANYMORE EXCEPT THE
BEAST IN BEAUTY AND
THE BEAST.
>> WELL HERE THEY HAD A GREAT
LIVE EARTH IS THE BEST BUY FOR
IT I MEAN THE ARGUMENT THERE
I'M COMING BACK TO THE
THE NEW MILLIONAIRES THAT HAVE
BEEN MEANT TO OR ARE SOON TO BE
MINTED IN SOME CASES BECAUSE IT
STILL DOES COME BACK TO THEM
LOCKUP PERIOD WHEN THAT EXPIRES
YET WHEN THEY CAN ACTUALLY SELL
THEIR POSITIONS IT WAS
PROJECTED EARLIER THIS YEAR
THAT
5,000 TECH WORKERS COULD BECOME
MILLIONAIRES AFTER THEIR
COMPANIES GO PUBLIC NOW THAT
WAS ASSUMING THAT ALL OF THEM
GOT OUT THE DOOR BASICALLY
AIR BNB INSTACART LIVE POUND
TEAR UP INTEREST
POSTMATES SLACK AND UBER A
HANDFUL OF THOSE THAT I JUST
MENTIONED GOT OUT THE DOOR,
SOME OF THEM PUSHING INTO 2020.
SO IT BEGS
THE QUESTION HOW MUCH OF THAT
IS ACTUALLY GOING TO SPILL OVER
INTO 2020 RIGHT. THESE NEW
MILLIONAIRES MEANT IT. SOME OF
THEM GOING TO HOLD ON TO THAT
CASH, SOME OF THEM
WE'RE GOING TO PUT IT BACK INTO
THEIR HOMES THAT THEY PURCHASED
AT OR ABOVE THAT MILLION DOLLAR
PRICE RANGE AND SOME OF THEM
ARE GOING TO
GO IN COME IN BELOW AND SO
THAT'S GOING TO BE A CRITICAL
TIME IN THIS MARKET YOU'RE
GOING TO SEE EVEN
MORE TIGHTENING OF THAT SUPPLY
WHICH IS SCARY TO THINK ABOUT
>> AREA BUT NEW MILLIONAIRES
MEANS GOOD STUFF FOR THE
HOUSING MARKET USUALLY WRITE
LIVING ON HERE IF YOU'VE EVER
WANT TO LIVE IN A
BARBIE WORLD. NOW IS YOUR
CHANCE BAD TO CELEBRATE THE
DOLL 60TH BIRTHDAY MATTEL IN
AIR BNB
ARE OFFERING A CHANCE TO STAY
IN A REAL LIFE BARBIE MELVIN
DREAM THAT'S FOR ONLY $60 A
NIGHT ACCORDING TO THE PRESS
RELEASE THE HOUSE REFLECTS
BARBIES LIFE TIME AS A
ROLE MOM WELL, 2 YOUNG WOMEN IN
ADDITION TO PLENTY OF PINK
ACCENTS, IT FEATURES A
MEDITATION ZONE HOBBY STUDIO, A
CINEMA ROOM AND EVEN
AN INFINITY ALL HOWEVER IT DOES
NOT COME WITH THE POOL SLIDE
THAT APPEARS TO COME FROM AN
UPPER LEVEL DOWN TO THE
INFINITY AND SOME OF THE
PHOTOS. ACCORDING TO THE PRESS
MATERIALS QUOTES BY THE ALWAYS
TRAVELS WITH HER SLOT I HAD SO
HOPED BE ON SITE FOR GUESTS
LIKE A UN FORCE
REALLY ONLY ONE LUCKY GROUP OF
UP TO 4 GUESTS WILL BE ABLE TO
BUT THE MALIBU DREAM HOUSE THE
LISTING IS ONLY AVAILABLE FOR A
SINGLE 2 NIGHT STAY BETWEEN
OCTOBER 27TH AND OCTOBER 29TH,
RESERVATIONS OPEN ON OCTOBER
23TH, BUT EXACTLY A LEAD
07:00AM
PACIFIC TIME. SO AIR BNB HAS
BEEN DOING THESE COOL FUNKY
RENTALS RECENTLY, YEAH TALKED
ABOUT THE GOODYEAR BLIMP YEAH,
THE RIGHT YOU CAN STAY THERE
THEY WOULD BE GROUNDED DON'T
WORRY ABOUT THAT. BUT I'M A
LITTLE BUMMED THAT THE POOL OF
BLOOD IT WILL BE THEIR OLD
RIVALS OF THE POOL SLIGHT
AGAINST BARBUDA.
>> BARBIE DOES BARBARA DOES
THAT WHO WOULDN'T WANT TO SAY
TO PLACE THOUGH THAT IT WAS
MUHAMMAD IS ALSO HELPING TO
PROMOTE YOU ARE HURT OF COURSE
OLYMPIC LEGIT THIS TIME THAN
FENCER OF INVOLVED IN THAT WE
JUST SAW HER IN THE VIDEO, BUT
THIS GOT ME THINKING WHAT OTHER
PLACES
OUT THERE BETTER HIS FAMOUS
SITES WHAT PEOPLE WANT TO SAY
YEAH, OK SO HERE'S A FEW OF
KNOWN AROUND THE ASH COATING
STARTS CABIN IN
FAIRBURN GEORGIA. YOU CAN GET
IN THAT ONE THIS ONE'S PRETTY
STEEP THE ALLERGY MIGHT HAVE
AND THEN WHY NOT TONIGHT IT MAY
NOT HAVE SEEN IT
$800 A NIGHT FOR THE END GAME
CAPITAL KICK INTO SOUTH.
THEY'RE CLARIFY THIS REALLY THE
SPICE GIRL BUS. YES, YOU
GET IT. BUT THERE WERE A $162 A
NIGHT, HERE'S THE KICKER THOUGH
ABOUT FROM SOMEWHERE I WENT OUT
ON YOUR ON OKAY AND THEN I KNEW
THAT YOU WOULD LIKE THIS ONE
YES
HANNAH BROWN HEAD OF BEES WHEN
NO FAD THIS IS NOT.
AND EVERYONE REMEMBERS THE
WINDMILL 4 TIMES THIS IS PRETTY
AFFORDABLE $55
A NIGHT.
>> OK BUT LIKE A WINDMILL FOR
$55 A NIGHT OR THE BARBIE
MANSION FOR $60 A NIGHT.
I DON'T THINK THAT REALLY MAKES
VERY MUCH SENSE TO BE I THINK
THAT YOU MENTIONED.
>> DOESN'T HAVE THE WATER
SIDE THOUGH TRAIL
THE WINDOW BOTH OF NUMBER I BET
NO DIFFERENCE THAT YES, A GUYS
COMING OUT JUST BECAUSE COLDER