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Do 8% Rates Mean Doom For Agents? | Knowledge Brokers Podcast 042
Byron Lazine, Tom Toole, and Lisa Chinatti discuss mortgage rates hitting 8% this week, what “longer for longer” means, how agents can “survive until ‘25,” takeaways from Week One of the Sitzer/Burnett trial, a deeply flawed study, and why Byron is happy to pay both commissions.
Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.
kvCORE and BoomTown are delivering the innovative solutions, and the support you need to power your business and scale your success: https://boomtownroi.com/knowledgebrokers
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:43 Intro
00:43 Mortgage rates hit 8% this week
03:03 10-yr is at its highest since 2007 (4.9%)
04:09 Big takeaways from 8%
07:50 Mortgages at 5% or lower—from 90% to 83%
09:58 “It’s ‘survive until ‘25’ right now.”
14:23 What does “longer for longer” mean?
20:31 Tom’s Instagram poll: 40% have never made a business plan
23:08 Day 3 of the Sitzer/Burnett trial: training scripts and presentation slides
24:21 Byron’s takeaways: “I like what Gino (Blefari) said…”
26:30 Lisa’s takeaways on opening statements and plaintiff testimonies
30:27 Will cooperative compensation survive these lawsuits?
33:15 Flawed study: Redfin traffic reflects consumer activity, not agents steering clients away
38:56 Byron’s experience selling a home—and why he’s happy to pay both commissions
40:22 Realtor.com chief economist Danielle Hale will be here next week!
———
Connect with Byron Lazine:
https://www.instagram.com/byronlazine
Connect with Tom Toole:
https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti:
https://www.instagram.com/lisachinatti/
———
BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.
Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
———
BAM PARTNERS
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200
———
#mortgagerates #housingmarket #interestrates
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By BAM Media
4.7
4040 ratings
Byron Lazine, Tom Toole, and Lisa Chinatti discuss mortgage rates hitting 8% this week, what “longer for longer” means, how agents can “survive until ‘25,” takeaways from Week One of the Sitzer/Burnett trial, a deeply flawed study, and why Byron is happy to pay both commissions.
Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.
kvCORE and BoomTown are delivering the innovative solutions, and the support you need to power your business and scale your success: https://boomtownroi.com/knowledgebrokers
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:43 Intro
00:43 Mortgage rates hit 8% this week
03:03 10-yr is at its highest since 2007 (4.9%)
04:09 Big takeaways from 8%
07:50 Mortgages at 5% or lower—from 90% to 83%
09:58 “It’s ‘survive until ‘25’ right now.”
14:23 What does “longer for longer” mean?
20:31 Tom’s Instagram poll: 40% have never made a business plan
23:08 Day 3 of the Sitzer/Burnett trial: training scripts and presentation slides
24:21 Byron’s takeaways: “I like what Gino (Blefari) said…”
26:30 Lisa’s takeaways on opening statements and plaintiff testimonies
30:27 Will cooperative compensation survive these lawsuits?
33:15 Flawed study: Redfin traffic reflects consumer activity, not agents steering clients away
38:56 Byron’s experience selling a home—and why he’s happy to pay both commissions
40:22 Realtor.com chief economist Danielle Hale will be here next week!
———
Connect with Byron Lazine:
https://www.instagram.com/byronlazine
Connect with Tom Toole:
https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti:
https://www.instagram.com/lisachinatti/
———
BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.
Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
———
BAM PARTNERS
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200
———
#mortgagerates #housingmarket #interestrates
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