Mike Pattison

📍Coastal VA Helping buyers, investors, and sellers with transactions ranging from affordable first homes to high-end properties.

[Mike Pattison @PattisonRealtor]

Thinking about getting your real estate license?
Or already licensed in VA or FL but want more leads, better systems, and a team that actually has your back?

The shift is happening. Are you ready?

👀 https://t.co/JanQRN7BIH
We’re building something different. And it’s working.
#realestate #VirginiaRealEstate #FloridaRealEstate #newagent #realtorlife

[Polymarket @Polymarket]

BREAKING: Tempe, Arizona permanently shuts down its Flock cameras & ends its contract with the company, citing concerns over misuse of the technology.

[Mike Pattison @PattisonRealtor]

Home inspectors everywhere ….. IYKYK

#realestate

[Park G.M™️ @temitoayoo]

A way to conceal your AC unit.

[Mike Pattison @PattisonRealtor]

This is what happens when companies prioritize scaling and cost cutting over the product that made people love them.

If you want doughnuts made fresh every morning, support your locally owned doughnut shops. They are still waking up before sunrise, making them instore and putting real care into what they sell.

@DuckDonuts let’s go! Every doughnut is cooked and crafted in front of you WHEN you order.

[Suhr Majesty @ULTRA_MAJESTY]

Krispy Kreme stock has crashed more than 90%.

The reason?

A private equity firm bought the company in 2016 and decided that, instead of making fresh doughnuts in every store, they would produce them in a single location and ship them out to the stores.

[Polymarket @Polymarket]

JUST IN: Surgeons successfully remove a brain tumor using live AI guidance for the first time in history.

[unusual_whales @unusual_whales]

JPMorgan has said that there may be a large-scale food supply crisis in the next year.

[Jeff Bezos @JeffBezos]

Dolly spent her whole life showing us what it means to lead with love. Lauren and I are so grateful to have known her. She lifted everyone with her music, her generosity, and her joy. Sending our sincere condolences to her family and everyone she touched.

[B-L (Inc.) @William84831241]

@LeadingReport "North is still north" ~ Clarence Thomas

[Mike Pattison @PattisonRealtor]

School teaches you to fear failure.

Entrepreneurship teaches you to use it.

Every failure is tuition. Learn the lesson, adjust and keep building.

[Tom Ferry @tomferry]

Execution beats intention.
Every.
Single.
Time.
Never forget: "Done" is better than "perfect."

[Realtor.com @realtordotcom]

A bipartisan bill called the More Homes on the Market Act now has the support of 154 House members and 23 Senators, and it would double the capital gains tax exclusion that home sellers can claim.

Read: https://t.co/rWALwzy0WR

[Mike Pattison @PattisonRealtor]

Here’s what this means for housing:

Investors are selling bonds, causing Treasury yields to rise. Mortgage rates typically follow longterm Treasury yields, so if this continues, rates could move back toward 7%.

Higher rates reduce buyer purchasing power, slow home sales and increase pressure on sellers to price correctly. A Fed rate cut alone WILL NOT fix this. The bond market also has to settle down. Buyers have massive hesitation. So do sellers who had mortgages under 3.5%. They are asking, Why move right now?

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US 30-year bond yield reaches highest level in over 19 years.

[Mike Pattison @PattisonRealtor]

@jonbrooks $3,000 in many zip codes wouldn’t get you a Single call / connection at any price point. Not now not since 2018 when they expanded the market cap to 400% of total share. You aren’t even trying until you hit $10,000 plus here.

[Polymarket @Polymarket]

BREAKING: U.S. 30-year bond yield soars to its highest level in 19 years.

[Mike Pattison @PattisonRealtor]

Downtown SF real estate stuck to skyhigh leases while ignoring the crime that emptied the stores. City politicians’ awful management just let the vacancies pile up and values crash. Happening with commerical real estate all over Virginia.

Want to know what the cities do with them next and how it benefits them? 🤔

[Declaration of Memes @LibertyCappy]

What happened to San Francisco?

[Mike Pattison @PattisonRealtor]

The media no longer reports facts. They push fear, speculation, and propaganda without credible sources, twisting stories to fit whatever narrative generates the most attention. Here is exactly what the Secretary of the Navy posted about the USS Abraham Lincoln. Read the facts directly from the source and decide for yourself. 🇺🇸

[Acting Secretary of the Navy Hung Cao @SECNAV]

https://t.co/mAnPXYPwrg

[Mike Pattison @PattisonRealtor]

Eliminate Distractions. Remind your self every morning on the WHY. You deserve it!

[Alex Hormozi @AlexHormozi]

Your goals will become easier to accomplish when you become harder to distract.

[Mike Pattison @PattisonRealtor]

Bring value. Solve real problems. Results follow.

The best businesses don’t chase customers. They become indispensable to them.

[Stijn Noorman @stijnnoorman]

Stop selling like you need their money.

Start selling like they need your help.

[Mike Pattison @PattisonRealtor]

In certain local communities, D.R. Horton is offering 4.99% fixed for 30 years, not a temporary buydown. They’re also covering buyer closing costs and including incentives like a washer, dryer, and blinds on homes. Experience this on homes ranging from roughly $500K to $1M.

[foley (follard) @follard]

D.R. Horton is spending $15,000 to $20,000 per home on rate buydowns to offer buyers a 4.99% mortgage in a 6.8% market.

They can do this because they buy and sell 90,000 homes a year and buy lumber by the boatload. Their margins compress, but they keep moving inventory faster than anyone else in the market.

Now think about what that means for the small developer building 10 to 50 homes a year.

You cannot offer a subsidized rate, you cannot self insure, and you cannot negotiate material pricing at scale. You are competing with the same buyer with a 15% to 20% cost disadvantage before you even break ground.

The big public builders pull this move in every downturn. They use their balance sheet to subsidize buyers and scoop up land at a discount when the little guys fold.

Small developers still have some edge in the market. Speed, infill sites the nationals will not touch, and the ability to price into markets they have not entered. But if you are only competing on product and ignoring financing creativity, this type of market will squeeze you out.

The big builders will come out of this cycle owning a larger share of the new construction market than ever before.