Market Moves with Mark and Jeff

Market Moves welcomes back Shawn Telford as the podcast's first-ever repeat guest. His recent article,  "The Strategic Advantage of Certainty in Mortgage Lending,"  struck a chord with Mark and Jeff, sparking a deeper conversation about what's really slowing the industry down. Shawn notes that nearly half of all appraisals require revisions after their initial submission. While the average loan ta...

Mark and Jeff are joined by a special guest this week: Remington Jones, CEO of SFREP  -  the company behind the software used to create and deliver the very first UAD 3.6 report. Remington brings a front-row perspective on what the next generation of lending appraisals really looks like and how the rollout is unfolding in real time. Having lived through the original UAD launch back in 2011, he sha...

Mortgage volumes dropped another 5.2% week over week, even as the U.S. economy added 119,000 jobs in September. So why did the unemployment rate still rise from 4.3% to 4.4%? Mark and Jeff break down the conflicting signals in the labor market and what it means for housing. With the next jobs report delayed until mid-December due to the government restarting, uncertainty is only growing. The first...

Jeff shares a heartfelt moment as he says goodbye to his oldest son for two years before diving into one of the biggest housing debates yet — a proposed 50-year mortgage. With Trump and the mortgage giants Fannie Mae and Freddie Mac floating the idea, Mark and Jeff ask: does anyone really want it, and what could it mean for homeownership and affordability? They also explore new possibilities for p...

The median homebuyer age has jumped from 29 in 1981 to 40 in 2025. What does that reveal about affordability and generational wealth? Mark and Jeff unpack the data and discuss why home sales have dropped to historic lows, with only 28 of every 1,000 homes selling this year. They also explore why the famed investor who predicted the 2008 housing crash is skeptical of today's AI boom. Plus, the Supr...

Fed Chair Jerome Powell delivers the expected rate cut but what else did he signal for the economy and real estate market? Mark and Jeff break down the implications, from mortgage application trends to broader financial momentum. Then, the hosts dive into Dr. Richard Werner's thought-provoking interview with Tucker Carlson, exploring his "Credit Creation Theory" and the idea that banks may literal...

Interest rates are falling but why isn't mortgage volume rising with them? Mark and Jeff unpack what's keeping buyers on the sidelines this time around. They also discuss the sharp decline in FHA loans for non-permanent residents, the surprising $198 billion U.S. budget surplus in September 2025 (despite a government shutdown), and Zillow's new partnership with ChatGPT as it leans into the AI wave...

Are 24-hour appraisals really possible? Reggora seems to think so. We'll dig into what it would actually take to make that a reality. Plus, the Trump administration is turning up the pressure on homebuilders to ramp up housing supply, and we're breaking down what that could mean for the real estate market. Finally, in tech news, we explore "AI world models," the next big evolution in artificial in...

In this episode, Jeff shares key takeaways from the Appraisal Summit, including trends shaping the valuation industry. Mark and Jeff dive into Opendoor's bold new "7-day home test drive" and what it could mean for buyers and sellers. They also discuss how spiking power demand may drive electricity costs higher and impact real estate ownership. Finally, it's prediction check-in time — were their ca...

Mark and Jeff dive into the latest real estate and tech headlines, from Anywhere Advisors and Compass exploring brokerage consolidation (impacting brands like Coldwell Banker, Century 21, Sotheby's, Better Homes, and Corcoran), to Opendoor's surprising rebound and stock surge, raising the question of whether they'll be the Trevor Milton or Elon Musk of home iBuying. Plus, we'll take a look at Goog...

Driven by a surge in refinances, mortgage applications jumped over 29% this week. But with a soft jobs market and persistent inflation, all eyes are on the Fed's rate cut this week. Mark and Jeff break down the 1/4 point rate cut and what it means for housing. On the ground, builders and agents are noticing shifts in buyer pools, and Jeff shares how he used AI to create a real estate brokerage pre...

Mark and Jeff sit down with Keisha Wilkinson, Senior Policy Representative for Valuation at the National Association of REALTORS® (NAR). They unpack how agents and appraisers often share more common ground than many realize, explore the power of NAR's national and local lobbying efforts, and highlight the benefits available to all REALTOR® members. Plus, Keisha shares valuable resources to help st...

Trump's overhaul of the Bureau of Labor Statistics (BLS) raises big questions: how are labor numbers really collected and why do revisions matter so much? Mark and Jeff break it down. Then, the conversation turns to higher education. Are colleges leaning into artificial intelligence or pushing back against it? A recent MIT study shows that 95% of organizations are seeing no return on their AI inve...

Thoughts on Elon Musk's mantra of "make it exist first, then make it good later?" Is that the blueprint behind SpaceX and even UAD 3.6? Mark and Jeff dig in. The conversation turns to Warren Buffett's big bet on homebuilders. What does Berkshire Hathaway see in new construction that others might be missing? This episode also unpacks Andrej Karpathy's reframing of AI as "Intelligence Amplified," ex...

Mark and Jeff break down key takeaways from the Valuation Expo and explore when appraisals may start looking different. They dive into the current state of artificial intelligence , which they describe as still a "word guesser" but undeniably powerful, and whether this is just the first generation of what's to come. The conversation shifts to new real estate brokerages making waves, the potential...

Mark and Jeff sit down with John Downs for a wide-ranging conversation that spans from the high-pressure world of college sports recruiting to the future of AI in the mortgage industry. John shares his approach to guiding young minds toward success, then dives into the hot topic of SEO and GEO. Should content today be built for humans or large language models? The crew takes bets on whether AI cou...

Pete Fontana joins Mark and Jeff to dive into the growing divide between federal appraisal requirements and the added burdens imposed by individual states. With UAD 3.6 on the horizon and mobile adoption still low among appraisers, a further shakeout of the industry seems inevitable. Will these state-level overlays make it too difficult for new appraisers to enter the field? How are national group...

In their 51st episode, Mark and Jeff dive deep into the growing impact of Artificial Intelligence across business, real estate, and everyday life. Is AI a tool, a threat, or just the next big shift we're still learning how to use? On a lighter note, are  Market Moves  listeners true fans or just tuning in for AI talk? Mark and Jeff are here for it either way! Let's keeps things moving as we hit a...

In Episode 50 (wow!) of Market Moves, Mark and Jeff welcome special guest Charles Baker to the show. Charles shares how he found his path into the world of real estate valuation, how life lessons from Tony Robbins have shaped his professional mindset, and how natural disasters — like the devastating California fires — can ripple through local real estate markets. It's a story of personal growth, p...

Jeff and Mark have a thought-provoking conversation with AI expert Roy Meyer. From real estate to business strategy — and even in our personal lives — artificial intelligence is reshaping the way we live and work. Unlocking its full potential requires more than just curiosity; it demands a whole new way of interacting. Roy dives into why engaging with AI is a fundamental shift from traditional too...

Prediction time! What's in store for the second half of 2025? Mark and Jeff predict Fed rate cuts, mortgage rates, S&P price, Fannie Mae stock price, if Jerome Powell will still be Fed Chair, and national median home prices for 12/31/2025. This episode also covers trade deals and U.S. unemployment data updates, as well as the size of the U.S. economy (only 13 states make up the biggest economy in...

Jeff and Mark discuss how the United States and China tariff deal is among macro trends leading to stability and easing of interest rates. Inversion point: number of sellers spiking while number of sellers is dropping. 2022 reported 6.4 million in home sales vs. 4 million home sales in 2025. It turns out, median home sale prices are more seasonal than you might think. This episode also focuses on...

Mark and Jeff commit to teaming up for a fast. Can they do it? With inflation coming down and employment strong, why isn't the FED lowering their interest rate? What's up with thirty-two states seeing month-over-month home value decreases from April to May? Let's check out this X post: Is an appraisal really just "an expensive book report by a pencil pusher who called brokers for their data?" Last...

In episode 45, Mark and Jeff discuss Chase Bank CEO Jamie Diamond's perspective on the difficulty of the mortgage business - citing rules, regulations, and regulators in the space. Apple says that Large Language Models (LLMs) aren't going to lead to Artificial General Intelligence (AGI). What do you think? Additionally, Jerome Powell's Fed chair term is up next year and Secretary of Treasury Scott...

Housing - what a topic! Jeff and Mark discuss the change in trend between buyers and sellers in the national market. Homeowners with record levels of home equity are tapping into it at an increasing rate. There really isn't any appraiser licensing in Canada? Mark attended the Appraisal Institute of Canada conference and shares his perspective on the differences between Canada and U.S. real estate....