Michael Riese

Michael Riese, tech entrepreneur and Broker.

[Michael Riese @mriese]

@elonmusk And apparently broke? I’m in California BTW…why am I asked to fund a TX candidate?

[Michael Riese @mriese]

Working on it

[Elon Musk @elonmusk]

Make an instant one-person company with @Grok @Bot

[Michael Riese @mriese]

Fascinating statistic and all the more reason for off mls listings @RobReffkin

[Jason Lewris @jasonlewris]

JUST IN: As of this morning, 14.9% of all homes for sale in the United States tried to de-list and re-list. The current owner took a failed listing off the market for less than 90 days and re-listed it to make it look like a fresh listing and are still trying to sell today.

This varies dramatically by market.

DC leads the country at 22.1%
Nevada: 20%
Texas: 18.8%
Georgia: 18.5%

On the other end of the spectrum:

Vermont: 7.6%
New Hampshire: 7%
Connecticut: 9.8%

[Jason Lewris @jasonlewris]

As of this morning, 40.6% of US homes for sale are cutting prices. This is the highest read year to date.

In the map below:

Red = above 40.6%
Blue = below 40.6%

Top 5 states:
Texas leads the nation at 47.6%
Arizona: 47.5%
Colorado: 47.4%
Oregon: 47.2%
South Carolina: 46.3%

Why are sellers cutting at such a high rate in these states?

[Mario Nawfal @MarioNawfal]

🇺🇸 GEN Z, MEET THE HOUSING WALL: ONLY 5% OF MORTGAGE HOLDERS ARE UNDER 30

The American Dream just aged out.

According to new data from LendingTree, less than 5% of people with mortgages are under 30 - a brutal snapshot of how far homeownership has drifted from reach for young adults.

That means 95% of mortgage debt in the U.S. is held by people who were already in the game - the same ones now watching their equity balloon while Gen Z scrolls Zillow like it’s fantasy football.

The math is merciless: soaring home prices, 7%+ mortgage rates, and record student debt have turned “starter home” into a punchline.

Even dual-income earners can’t outbid hedge funds and boomers with cash.

This isn’t a blip - it’s a generational cutoff.

The youngest Americans aren’t just locked out of housing - they’re being priced out of wealth itself.

Source: LendingTree, @unusual_whales

[Michael Riese @mriese]

@LombardiHimself @LGHSAthletics Go Cats!

[David Lombardi @LombardiHimself]

The Candlestick Catch and the Los Gatos Leap

[RISMedia @RISMediaUpdates]

Listing descriptions that focus more on emotion rather than technical detail are the ones more likely to win a buyer’s attention and interest. #Listings #ListingDescriptions #AgentTips #Homebuyers
https://t.co/RsNtQTpj40

[Michael Riese @mriese]

WFB: rates surged 21 basis points in the week ending April 17, hitting 6.83%. The rate averaged 6.65% in March, down from February’s 6.84% and January’s 6.96%. Over the last 52 weeks, the rate averaged 6.73%, with a high of 7.22% in early May and a low of 6.08% in late Sept.

[Michael Riese @mriese]

Can’t wait to see one of these on the trail 🤡

[Mario Nawfal @MarioNawfal]

🇯🇵 KAWASAKI UNVEILS HYDROGEN-POWERED RIDABLE ROBOTIC HORSE

Kawasaki revealed “Corleo,” a hydrogen-powered robotic horse you can ride, at Osaka-Kansai Expo 2025.

Powered by a 150cc hydrogen engine, Corleo walks on four robotic legs, responds to body movements instead of controls, and can even jump.

It’s still a concept, but Kawasaki is targeting a possible market release by 2050.

Source: @nexta_tv

[Deep Psychology @DeepPsycho_HQ]

10 Brutal Truths That Will Slap You Into Action:

1.

[Michael Riese @mriese]

I would expect more MLSs will now have a Private/Exclusive category…giving sellers and agents greater flexibility in marketing their homes

[RISMedia @RISMediaUpdates]

🚨 BREAKING: NAR officially announced what appears to be its final decision related to the controversial #ClearCooperationPolicy, preserving the rule without change while introducing a new listing category, which @nardotrealtor claims “will exist in conjunction with CCP and other #MLS policies to provide #sellers and their #agents more options and choice.”
https://t.co/S6JhPParSW

[RISMedia @RISMediaUpdates]

🚨 BREAKING: NAR officially announced what appears to be its final decision related to the controversial #ClearCooperationPolicy, preserving the rule without change while introducing a new listing category, which @nardotrealtor claims “will exist in conjunction with CCP and other #MLS policies to provide #sellers and their #agents more options and choice.”
https://t.co/S6JhPParSW

[Michael Riese @mriese]

@esaagar @BretBaier Why is @esaagar conspicuously missing from @BreakingPointsN ? Finally tired of @krystalball spewing nonsense?

[Michael Riese @mriese]

@DrNeilStone What is the rationale for combining the three different antigens into one shot? Wouldn’t it make more sense to let the body fight off one at a time?

[Michael Riese @mriese]

What goes up must come down?

[Inman @Inman]

Since 2020, U.S. home values have risen by 45.3 percent. In other words, more than 10 years of typical home value growth has been packed into a five-year period, a new report from Zillow shows. https://t.co/gG1D4eYP41

[Michael Riese @mriese]

@business @Stanford has a $38B endowment…they can prob still hire professors.

[HousingWire @HousingWire]

Listen in on conversations with the best real estate professionals in the business. Download RealTrending anywhere you get your podcasts.

[Michael Riese @mriese]

@EdKrassen Seatbelt laws, helmet laws, alcohol consumption laws, military service age, age of consent to sex…all open to parental and counselor opinion?

[Nicole Shanahan @NicoleShanahan]

CONFIRMED!

Congratulations, Bobby.
Congratulations, America.
Thank you, President Trump.