E47: "Hold!" U.S. & China Tariff, Interest Rates, Sellers, Home Sales, Lenner, KB Homes, Appraisal Institute Lawsuit, Cindy Chance, UAD 3.6

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 Home Builder margin compassion for Lennar and KB Homes, an update on the Appraisal Institute lawsuit brought on by former CEO Dr. Cindy Chance, and the role of experience when it comes to being an appraiser - should all experience requirements be removed? Additionally, UAD 3.6 makes its first appearance on the pod, but just barely.