{"id":53138,"date":"2024-12-09T10:18:11","date_gmt":"2024-12-09T18:18:11","guid":{"rendered":"https:\/\/www.movoto.com\/blog\/?p=53138"},"modified":"2024-12-12T12:07:17","modified_gmt":"2024-12-12T20:07:17","slug":"movotomic-s2-e6-mortgage-rate-predictions-housing-market-trends-chris-heller","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/movotomic-s2-e6-mortgage-rate-predictions-housing-market-trends-chris-heller\/","title":{"rendered":"MovotoMic Season 2 Episode 6: Navigating Mortgage Scenarios, Market Trends, and Real Estate Strategies"},"content":{"rendered":"<p><span data-slate-node=\"text\"><span class=\"sc-kIhxYQ RpTGg\" data-slate-leaf=\"true\">In this episode of <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-kIhxYQ RpTGg\" data-slate-leaf=\"true\"><em>The Movoto Mic<\/em><\/span><\/span><span data-slate-node=\"text\" data-slate-fragment=\"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\"><span class=\"sc-kIhxYQ RpTGg\" data-slate-leaf=\"true\">, we are joined by Chris Heller, President of Movoto.com, to explore the latest insights and strategies shaping the real estate landscape. From 2025 mortgage rate predictions to Australia\u2019s innovative auction model and booming unexpected markets in the U.S., we break down the trends you need to know. This episode also goes over the November Jobs Report and its implications for the housing market, plus tips for navigating the current economy as a buyer or seller. Tune in for expert perspectives on the intersection of real estate, economics, and innovation!<\/span><\/span><\/p>\n<h2>Full Episode:<\/h2>\n<audio class=\"wp-audio-shortcode\" id=\"audio-53138-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2024\/12\/MM-S2-E6_mixdown.mp3?_=1\" \/><a href=\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2024\/12\/MM-S2-E6_mixdown.mp3\">https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2024\/12\/MM-S2-E6_mixdown.mp3<\/a><\/audio>\n<h6>You can also listen with <a href=\"https:\/\/open.spotify.com\/episode\/5wGDOCM9SKSFW5x4exV0Eg?si=36b9cd404c6a4a6d\">Spotify<\/a> or <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/navigating-mortgage-scenarios-market-trends-and-real\/id1734648169?i=1000679789465\">Apple Music.<\/a><\/h6>\n<h2>Transcript:<\/h2>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">0:09<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Hello and welcome to the Movoto Mic, the official podcast of Movoto.com, the largest privately owned real estate search platform in the US.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">0:18<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">I&#8217;m your host, Sophie Brandeis, for Season Two.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">0:21<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">We&#8217;re shaking things up a bit this season. Each episode, I&#8217;m going to bring you the top headlines for all things real estate, and we&#8217;ll have experts on to weigh in with their insights.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">0:30<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">It will be just like you are reading the housing market news with an expert. To kick off this episode, I am excited to welcome Chris Heller.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">0:36<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Chris has years of experience all across the industry and is the president of Movoto.com. With that\u2014welcome to the Mic, Chris.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">0:46<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">It\u2019s always fun to chat with you.<\/span><\/p>\n<p><b>HEADLINE:<\/b><span style=\"font-weight: 400;\"> 4 mortgage interest rate scenarios that could occur in 2025<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>AUTHOR:<\/b><span style=\"font-weight: 400;\"> Sharon Wu<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>PUBLICATION:<\/b><span style=\"font-weight: 400;\"> CBS News<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>LINK:<\/b><a href=\"https:\/\/www.cbsnews.com\/news\/mortgage-interest-rate-scenarios-that-could-occur-in-2025\/\"> <span style=\"font-weight: 400;\">CBS News<\/span><\/a><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">0:48<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">All right, so I thought we would start things off by reading the headline of an article you were just featured in: <\/span><i><span style=\"font-weight: 400;\">Four Mortgage Interest Rate Scenarios That Could Occur in 2025.<\/span><\/i><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">0:59<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Sure.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">1:03<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Now, the article gave four different scenarios, and you provided your take on each of them. I was hoping we could talk through each scenario, and you could give your insight.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">1:06<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">All right.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">1:07<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">So, Scenario One is continued rate stability.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">1:10<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Yeah, which in the short term is a likely scenario. Right now, we don\u2019t know if we\u2019ll see any significant changes in the economic outlook, global dynamics, or anything else in the short run.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">1:26<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">So, I think we\u2019ll trend more toward stability, at least in the short term. By short term, I mean the next one to three months.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">1:36<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">In the article, you mentioned that this outcome would require a delicate balance of steady employment figures, inflation settling near the Fed\u2019s 2% target, and consistent economic growth without major shocks.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">1:47<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Right. For it to be relatively stable, certain things need to happen, and I think we\u2019ll see those things.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">2:03<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">This includes steady employment figures, inflation settling closer to the Fed\u2019s target in the 2% range, and ensuring consistent economic growth without any major shocks or hiccups.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">2:29<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Scenario Two is a gradual rate decline.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">2:34<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">For the Fed to lower rates, they\u2019d need to see sustained progress in inflation metrics, with core inflation consistently below 3%.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">2:42<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">They would also need to see stable or declining energy prices, slower wage growth, and trends that give them confidence things are improving. If these conditions are met, the Fed could ease up.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">3:16<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Scenario Three: rate volatility persists.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">3:19<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">This could be fueled by various factors\u2014unpredictable geopolitical events, fluctuating inflation rates, erratic consumer behavior, or sudden changes in consumer spending. Any of these could cause rates to bounce around.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">3:43<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Scenario Four is a major rate hike or drastic rate cut.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">3:48<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">This is unlikely. However, if we were to see runaway inflation\u2014caused by tariffs or disruptions in supply chains, for instance\u2014it could pressure the Fed to cut rates to stabilize the economy.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">4:11<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Similarly, a significant recession might push the Fed to manipulate rates to stimulate the economy.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">4:24<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">So, at the end of the day, which mortgage rate scenario is most likely to occur in 2025?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">4:33<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">The most likely scenario is a gradual decline to meet the Fed\u2019s 2% goal. That\u2019s my prediction\u2014but, of course, things can always change.<\/span><\/p>\n<p><b>HEADLINE:<\/b><span style=\"font-weight: 400;\"> Is a &#8216;Trump bump&#8217; on the way for the US housing market?<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>AUTHOR:<\/b><span style=\"font-weight: 400;\"> Mav Rodriguez<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>PUBLICATION:<\/b><span style=\"font-weight: 400;\"> Mortgage Professional America<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>LINK:<\/b><a href=\"https:\/\/www.mpamag.com\/us\/mortgage-industry\/industry-trends\/is-a-trump-bump-on-the-way-for-the-us-housing-market\/517052\"> <span style=\"font-weight: 400;\">Mortgage Professional America<\/span><\/a><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">4:47<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Let\u2019s talk about the next headline: <\/span><i><span style=\"font-weight: 400;\">Is a \u201cTrump Bump\u201d on the Way for the U.S. Housing Market?<\/span><\/i><span style=\"font-weight: 400;\"> What are your thoughts here?<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">4:55<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">I\u2019ve never heard the term \u201cTrump Bump\u201d before\u2014have you?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">5:02<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i>\u00a0Yeah, it&#8217;s been\u00a0 used in several different sectors. I guess the converse of that would be a &#8220;Trump Dump&#8221; but I don&#8217;t know that anything that a new administration does in the <strong>short term<\/strong> is gonna have a big impact on housing.<strong> Ultimately what happens in housing is a function of supply and demand. <\/strong>Now, there&#8217;s a lot of things that impact supply and demand, like on the demand side, confidence levels, interest rates&#8230; on the supply side, price of materials, prolonged positive economic outlook which can cause someone like a builder or developer to say, &#8216;hey, let&#8217;s start, let&#8217;s start building because, you know, we think things are gonna keep moving in the right direction and we&#8217;ll be able to create a good profit&#8217;. So I focus more on fundamentals.\u00a0 I don&#8217;t think that a Trump bump will have an impact on the housing market in the short term.<\/p>\n<p><b>HEADLINE:<\/b><span style=\"font-weight: 400;\"> 6 Unexpected Cities Where the Housing Market Is Booming<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>AUTHOR:<\/b><span style=\"font-weight: 400;\"> Kate McGregor<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>PUBLICATION:<\/b><span style=\"font-weight: 400;\"> House Beautiful<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>LINK:<\/b><a href=\"https:\/\/www.housebeautiful.com\/design-inspiration\/real-estate\/a63081245\/hottest-real-estate-markets-2024\/\"> <span style=\"font-weight: 400;\">House Beautiful<\/span><\/a><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">6:14<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Next headline: <\/span><i><span style=\"font-weight: 400;\">Six Unexpected Cities Where the Housing Market Is Booming.<\/span><\/i><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">6:20<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">The article mentions Springfield, Massachusetts; Manchester-Nashua, New Hampshire; Milwaukee, Wisconsin; and Canton, Ohio.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">6:43<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">These are areas deemed more affordable, which attracts a specific segment of buyers, such as first-time buyers or downsizers.<\/span><\/p>\n<p><b>HEADLINE:<\/b><span style=\"font-weight: 400;\"> November jobs report shows a still-strong labor market<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>AUTHOR:<\/b><span style=\"font-weight: 400;\"> Brooklee Han<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>PUBLICATION:<\/b><span style=\"font-weight: 400;\"> HousingWire<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>LINK:<\/b><a href=\"https:\/\/www.housingwire.com\/articles\/november-jobs-report-shows-strong-labor-market\/\"> <span style=\"font-weight: 400;\">HousingWire<\/span><\/a><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">7:54<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Let\u2019s move to the November Jobs Report. The headline is: <\/span><i><span style=\"font-weight: 400;\">November Jobs Report Shows a Still-Strong Labor Market.<\/span><\/i><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">8:07<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">We\u2019ve had a solid economy for several years, so it\u2019s not surprising that the November jobs report reflected that strength.<\/span><\/p>\n<p><b>HEADLINE:<\/b><span style=\"font-weight: 400;\"> Australia has hit on a genius way to take the guesswork out of real estate deals<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>AUTHOR:<\/b><span style=\"font-weight: 400;\"> James Rodriguez<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>PUBLICATION:<\/b><span style=\"font-weight: 400;\"> Business Insider<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>LINK:<\/b><a href=\"https:\/\/www.businessinsider.com\/australia-real-estate-home-auctions-america-buy-sell-bidding-wars-2024-12\"> <span style=\"font-weight: 400;\">Business Insider<\/span><\/a><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">9:42<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Lastly, let\u2019s talk about Australia\u2019s housing market. The headline: <\/span><i><span style=\"font-weight: 400;\">Australia Has Hit on a Genius Way to Take the Guesswork Out of Real Estate Deals.<\/span><\/i><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">10:01<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">This is about Australia\u2019s auction-based real estate model, which is more transparent and efficient. Auctions have benefits but may not easily fit into the U.S. housing market due to differences in how transactions are structured.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">10:30<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">What is an auction model? Why does Australia use it? What are the pros and cons, and why don\u2019t we do it in the U.S.?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">10:33<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">An auction model is self-descriptive. It involves selling homes via auction. In the U.S., we traditionally put a home on the market, expose it to buyers, and negotiate once an offer comes in.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">11:03<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">In an auction model, there is a set date and time for the auction. Interested buyers show up and bid, and if successful, the highest bidder walks away owning the home.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">11:15<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Why did this start in Australia?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">11:22<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">I don\u2019t know the history, but I\u2019ve been to Australia many times and spoken at conferences there. In the late 1990s or early 2000s, we introduced a version of this in California called value-range marketing.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">11:42<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">It listed properties in a range to create an auction-like environment. It worked well in slower markets but faded in strong seller markets where traditional methods sufficed.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">12:23<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">So an auction model is more beneficial in slower markets?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">12:43<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Yes, because it creates demand where there might not be enough. However, auctions can work in all markets, depending on the property type.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">13:07<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">In the U.S., auctions often involve unique or high-end properties that appeal to a niche audience.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">13:31<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Have you ever participated in an auction?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">13:52<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Yes, I\u2019ve participated as a buyer. I once tried to buy a unique property in Austin through auction. It had a fantastic view and ended up selling above market due to the competitive bidding.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">14:08<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Why don\u2019t we see more auctions in the U.S.?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">14:10<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">The system here is different. In Australia, sellers (referred to as vendors) pay for all the marketing, which is critical for a successful auction. In the U.S., sellers aren\u2019t used to paying upfront fees.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">14:52<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Adopting this model here would require significant changes in how transactions are structured, such as lower commissions and shifting marketing costs to the seller.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">15:23<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">So it\u2019s a cultural and structural difference?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">15:27<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Exactly. Changing traditional methods is challenging, but auctions could work well in specific scenarios, like slow markets or for unique properties.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">16:03<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">What kinds of properties benefit most from auctions?<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">16:17<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Unusual or high-end properties that don\u2019t have wide appeal. Auctions help attract the right buyers and drive demand.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">16:48<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">I didn\u2019t realize auctions could be so strategic. Thanks for sharing that insight.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">16:55<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Absolutely. It\u2019s an interesting approach that can definitely serve a purpose in certain markets.<\/span><\/p>\n<p><b>Sophie:<\/b> <i><span style=\"font-weight: 400;\">17:06<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">Thanks for reading the news with me! I\u2019m sure we\u2019ll do it again soon.<\/span><\/p>\n<p><b>Chris:<\/b> <i><span style=\"font-weight: 400;\">17:14<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><span style=\"font-weight: 400;\">My pleasure.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of The Movoto Mic, we are joined by Chris Heller, President of Movoto.com, to explore the latest insights and strategies shaping the real estate landscape. From 2025 mortgage rate predictions to Australia\u2019s innovative auction model and booming unexpected markets in the U.S., we break down the trends you need to know. This episode also goes over the November Jobs Report and its implications for the housing market, plus tips for navigating the current economy as a buyer or seller. Tune in for expert perspectives on the intersection of real estate, economics, and innovation! Full Episode: You can [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":52706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262,279,244,313,280],"tags":[390,389,373,388,387,374,392,364,54,391],"class_list":["post-53138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-selling","category-movotomic","category-news","category-news-scan","category-podcast","tag-2025-housing-forecast","tag-auction-model-in-real-estate","tag-chris-heller","tag-housing-market-insights","tag-mortgage-rate-predictions","tag-movoto-mic","tag-november-jobs-report","tag-real-estate-podcast","tag-real-estate-trends","tag-unexpected-housing-markets","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MovotoMic Season 2 Episode 6: Navigating Mortgage Scenarios, Market Trends, and Real Estate Strategies<\/title>\n<meta name=\"description\" content=\"Discover expert insights on 2025 mortgage rate predictions, booming housing markets, and real estate strategies with Chris Heller on The Movoto Mic podcast. 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