Here's what RE/MAX's CEO says is driving the hot real estate market



Nick Bailey, RE/MAX CEO, joins ‘Power Lunch’ to discuss recent housing demand, what’s driving the current hot real estate market and how Bailey sees home office work evolving. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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43 comments

  1. Thise company real estate made people put bid .the gov should put rule to stop bid by real estate

  2. Prices are stable? Well, too high, but stable. Yep. Interest rates up? Ok. Supply down? So, what’s different?

  3. There are other factors that may have been overlooked in this report. One is that we believe that the demand is fueled by the urban population moving into suburban areas because of crime, interest rates, flexible remote commuting practices due to Covid, and the cost of rentals…the cost of rentals is making it almost more affordable to purchase a home with 3.5% down…all you really need is the 3 months maybe a bit more of what you would have to put down on a rental to actually have the down payment of a first time home.

  4. Yet there are 16 million vacant homes. Homes purchased by investors and they are holding on to them to keep driving the price up. The shortage of home is just 5 million. Just chill with the desperation and prices will come down

  5. From what I understand houses per capita is right around where is was in 2008. That is to say we have a shortage of active sellers not necessarily total inventory. Some of the reason for that is the proliferation of hedge funders buying properties and people for instance buying 2nd homes for air bnb shortening the supply for would be home owners. Will be very interesting to watch Silicon Valley over the next few months as Zillow, Redfin, Black Rock etc. stocks continue their descent and the media acknowledging in mass that we are in a recession.

  6. Yeah" this guy is pushing the standard realtor troupe "Everything Is Fine" on CNBS at a panic pace he knows what's coming and it's GO$$$$$$$$$$$$$$$$$$s…HOUSING CRASH !!!!…( Load pants now insert )..all you FOMO buyers will soon be holding your breath cause you gonna be underwater… DO NOT LISTEN TO THE REALTOR PIMPS WAIT A LITTLE WHILE UNTIL AFTER THE CRASH TO BUY !!!! # Real Estate Mindset

  7. Shouldn't you interview someone who isn't the CEO if a real estate firm? Seems counter productive. That's like asking a used car salesman if the car you are about to purchase is good. Seriously though, this guy is lying. The market is going to fall, interest rates are rising, foreclosures are increasing. In 2023 once the Fed causes this recession, real estate will fall. This guy is a moron or lying. Either way, shame on you CNBC.

  8. Overwhelming majority of real estate purchasers have a mortgage. If
    mortgage rates skyrocket, monthly payments will disproportionately
    skyrocket. The absolute lowest purchase price is not as important as the
    interest rates. For wealthy, all cash buyers, absolute lowest price is
    important. For those with a mortgage, consider these 3 variables. #1. Do
    not buy anything you will not keep for a minimum of 5 years. # 2. look
    at your monthly payment more than absolute price. ( A $700K house @ 4.5 %
    interest rate is more affordable than a $ 600,000 hose@ 6 % interest
    rate). #3. As mortgage rates rise, rents are going up. As a real estate
    investor for 42 years, my advise is to buy now and hold for more than 5
    years. God's blessing to all from Colorado

  9. Newsflash, if your asset class has low solvency and still spiked 20% in a year – you in a bubble.

  10. Fed-up managers declare WFH is over, as 77% say they’d fire you or cut your pay for not coming back to the office

  11. 5% now just wait till the end of the year after they’ve raised the federal interest rate another 3 times this year

  12. As the interest rate creeps up more and more people are backing off. I call bs that the market is hotter than ever before. Realtors and the mortgage industry urges you to buy now. It’s their livelihood.

  13. Twitter loses money whereas Facebook earns $30b/yr

    ,,Amazon is fantastic with a lucrative AWS and advertising ($30 billion and growing at 32%), delivers more than UPS.

    _ Facebook is fantastic with a P/E 14 and $40b in profits that grows at 34%.

    – Google is fantastic company with a lot of moat.

    – Microsoft is fantastic with a lucrative Azure cloud and growing fast.

    – Apple is a safe company that held its ground while other stocks fell.

    – Wells Fargo

  14. I think = BS that should be said to keep the herd FOMOing. This ridiculousness was not going to end until people could not afford it. We're at that point or very close to it. Give it a month or two and these scoundrels will be saying "prices are dipping due to the interest rate rise and this is the time to buy"

  15. I totally agree with what you are saying. I started in crypto in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience to do exactly what you have said in this post. I have learned from you and other Youtubrs especially my mentor Mr Enoch Vance who taught me how to make trade and increase my crypto from 8 to 25btc that no one really knows what is going to happen and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own investment choices based on their own research.

  16. Just buy a house and forget about it. There's so many people who have been calling for a crash since 2008. Lol! Good luck waiting.

  17. LEGAL ROBBERY. If you compare the monthly housing costs of a person who bought a house before pandemic vs. now, you will find a difference of 2000$ to 8000$, while people who bought before are enjoying low house price and low interest rates, new home buyers are suffering. If this is not robbing then so don’t understand what is? People who have house became rich instantly and if you add the difference in costs you will find a difference of 500K to 2M over the lifetime. It’s just a ridiculous way of making rich even richer while robbing the poor and new home buyers. GOVERNMENT AND SENATORS – PLEASE WAKE UP.

  18. real estate agents are the new lawyers – spreading FUD to justify their bottom lines

  19. Will he ever admit that it's gonna go down 😂😂 that sneaky smile says it all keep fooling till the dumping happens

  20. Ban PR Holders from buying houses until they become Canadian Citizens. I am saying this as a person on PR myself. PR holders are going crazy buying houses and making it as a side hustle. I know ppl who are yet to finish 2 years in Canada and already own 3 houses in Canada by playing the refinancing game. Let the market cool down.

  21. Yeah great time to buy rates high home prices high dollars value going down. 🙃 this stuff trying to create fomo 😫 . There's a whole generation behind you coming to buy 🙄

  22. Surely it has nothing to do with the 9 trillion dollars printed from 2020-2021, given to the federal reserve and them buying up all real world assets including commercial and residential real estate properties, in alignment with agenda 2030 "you will own nothing and be happy."

    Surely it has nothing to do with the 1% who own 80% of the wealth. Surely it has nothing to do with that.

  23. Nice video!! Very engaging from the beginning to the END., I'm new to crypto trade and I have been making huge losses but recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong

  24. Housing in GA has seen a 90% price hike since the start of the pandemic. My home has literally passed the double mark of original asking prices.

  25. Real Estate Taxes rising , Home Owners Insurance costs exploding right along with everything else .

  26. Hysteria. Everything is great and then it crashes. It doesn't last forever, it goes in cycles.

  27. Apreciando a una mujer tan hermosa. 2:10 sentadillas son unos SEXBABY.Uno muchas y un buen ejercicio. 5:25 Se deja ver que hay muy buenos resultados 😍👍 Saludos desde la Cd.. de world losq mortales abian apreciado tan hermosa mujer

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