Tag Archive for: AI

Get Found Online In The AI Era; Contingency Removal Battles

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A few weeks ago I wrote this blog: Your Grandma's SEO is officially dead. In that blog, I mentioned how our online lead volume plummeted over a few short months because the rules for online search optimization changed significantly and very quickly in the AI era - catching us completely off guard. Almost everything we had learned and were doing had become obsolete. I also mentioned a friend who updated his Google Business page with the help of highly trained and expensive consultants - and quickly saw his business improve (he had 6 transactions come in online in 2024 and none in the latter half of 2025). We too made significant changes to our SEO approach and saw our online leads shoot back up instantly. It was no small task though, as the realm requires a tremendous amount of sophistication. As a result, we decided to do a webinar for agents to share much of what we learned.Read More

Expect Higher Rates In The Near Term; Two Huge Takeaways

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I predicted mid to low 5% mortgage rates later this year several times in blogs and talks – but I did not expect three things: Ukraine to get so good at attacking Russian oil facilities. The Iran war, and its continuance. And Too fast of an increase in the money supply. As recently as two weeks ago, I discussed energy analyst Doomberg’s reminder that oil producers always overproduce in response to high oil prices, which always results in gluts later on. Doomberg predicts that oil will drop to as low as $30 per barrel (from $105 today). But that could take several years to play out. High oil prices push up all other prices, sparking the inflation concerns that have been pushing rates way up since the Iran war started. Iran’s resistance and Trump’s escalatory language pushed oil prices up to a new high today, and rates are up again as a result.Read More

If AI Kills 50% Of White Collar Jobs – Interest Rates Will Plummet to 0%!

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Anthropic’s (Claude’s) CEO thinks AI will wipe out a full 50% of white-collar jobs. And terrifyingly, he’s not alone, as Elon Musk, Mark Benioff (Salesforce dude), Ford’s CEO, and Microsoft’s AI Chief all agree. If that happens, unemployment will shoot to over 30%! And NOTHING panics the Fed more than rising unemployment. Even a 10% rate would result in a 0% Fed Funds Rate, let alone 30%.Read More

Today’s Tech Landscape Will Blow Up Companies Faster Than Ever; They’ll All Be Blindsided Too

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In 2020, the countries of Armenia and Azerbaijan went to war - and Azerbaijan mopped the floor with Armenia in a little over a month. What made the war so fascinating (and actually less tragic than it would have otherwise been) was the fact that it was the first “drone war,” and it was something nobody saw coming. Azerbaijan tactically used a large number of drones to quickly bring Armenia to its knees, avoiding a much longer and bloodier war.Read More

A Tale of Two Businesses; One Thrived; One Died; AI Can’t Replace “The Dude”

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I wrote this blog in 2022, after every lender rode the COVID wave and got too lazy on the customer service front – after business just gushed in no matter what for two years. We liked the message so much in fact that we inserted it into our training program. I am repeating it now though for two reasons: (1) it’s a great story and reminder; and (2) AI makes it more applicable than ever.Read More

What Happens If The Economy Grows At A 10%+ Rate – Like Elon Predicts?

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On Friday, December 26th, when most of the world was shut down, we were awash in purchase contracts – receiving more in one day than we’ve received on any other day all year. What made it more interesting is that most of the contracts were isolated to one area. The reason is very telling – particularly for purposes of this blog. On December 24th, Elon Musk posted this: Double-digit growth is coming within 12 to 18 months. If he’s right, interest rates will be as high as 10% - and real estate agents everywhere will be dancing with glee! Elon is referring to economic or gross domestic product growth. It’s been averaging 2% to 3% over the last few years – and much of that was just government spending (so not “real” growth that benefits everyone). Elon thinks AI and robotics will foster double-digit private sector growth. This means that we will add over $3 trillion of NEW (out of thin air) wealth to our economy each year.Read More

Energy Will Be Free In Your Lifetime; What’s The Holdup?

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After the 2008 meltdown, a CA mortgage broker was busted for fraud. He was one of thousands, but I remember him so well because he looked like steroids were his main source of nutrients, he was wearing a tank top in his office to show off his “guns,” and he made Rocky Balboa seem articulate. That personality type became the poster child for the mortgage meltdown, and he was the type that Chase CEO Jamie Dimon brought up over and over when he was demanding more regulations.Read More

I Can’t Believe My Client Has $1 Million In The Bank And Can’t Get A Loan!

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Our Team Manager, Madeline Malinovsky, was covering for JVM over the weekend, and apparently, she’s way too smooth on the phone, as she was accused of being AI by several borrowers. This is a reminder of two things: (1) we are open every weekend to help agents and borrowers alike;  and (2) we’re actual humans, and not AI.Read More

The End of Real Estate Agents? Where Have All the Disruptors Gone?

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Every year, we hear about disruptors that will bring down the residential estate industry as we know it. And every year, it doesn’t happen.Read More

Reasons for Optimism; AI, Tech, Biotech, Ability to Attract Capital, & Government Policy Changes Can Easily Save Us

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This is a somber day for America, given this weekend’s events and our political strife in general. This only exacerbates the concerns we all have about our significant fiscal and […]Read More

Nvidia’s Impending Crash; AI Bubble Will Pop; & Market Timing

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A few years ago, the chip maker Nvidia’s shares were under $100, as the company mostly supplied cool chips for video games. The share price is now around $1,200; the company is posting monstrous quarterly earnings; and the company has increased in value by several TRILLION dollars since the recent advent of the AI boom. It is THE success story for the ages, but Galloway says that both the Nvidia and AI bubbles will pop. The stock valuation multiples (150x revenue) are so high that they can’t help but crash.Read More

10 Reasons For Enormous Optimism In 2024!

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2023 was probably the worst year in history for the mortgage industry – and we’re all happy to see it go, as the total losses were well into the billions. It was worse than 1981 even (when the Fed Funds Rate hit 20%) because of all the over-capacity (and excess competition) left over from the COVID boom.Read More

A.I. Will Create Far More Jobs Than It Kills

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I had a friend in high school who worked for Sentry Insurance as a typist for what would be about $40 per hour today – and man was I jealous. The law firms and investment banks I worked at in the 1980s also had “typist pools” for the old guys (we youngsters were utterly perplexed by the inefficiency ofRead More

Will Artificial Intelligence (AI) Take Over Mortgage Lending? So We Can Push A Button & Get A Loan?

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Knock knock. Who’s there? Real Estate. Real Estate who? Real Estate the perfect home for you Yeah, I didn’t get it either… BUT – that was the result when I […]Read More