September 20, 2024

Fed's Surprise Cut, Mortgage Market Shifts, & Seller Trends | KBP 087

49 minutes

Tom Toole and Lisa Chinatti discuss the 50 basis point cut to the federal funds rate and what to expect from it, as well as Powell’s housing-related comments, how to respond to consumer questions on mortgage rates, why it’s time to move on from Sitzer/Burnett, an email template from Jimmy Mackin, follow-up on NAR’s Clear Cooperation policy (and why it’s a bad rule), and what agents should be doing to finish the year strong and set up for a monster 2025.

For more on Clear Cooperation, watch last week’s episode of Knowledge Brokers (ep #86): https://www.youtube.com/watch?v=uiwUR2VbRYM&t=693s

Also tune in to hear Byron Lazine and Nicole White discuss the policy on The Real Word: https://www.youtube.com/watch?v=cPHKuKPpgS0&t=346s

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe

Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/

𝐌𝐨𝐬𝐚𝐢𝐤 is the premier client experience platform, picking up where CRMs leave off, spanning search, transaction management, and client retention. It’s everything you need to showcase your value, build client loyalty and drive referrals. Limited subscriptions available →

https://www.mosaik.io/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Resources:

https://nowbam.com/plummeting-support-for-nars-clear-cooperation-policy/

https://www.instagram.com/p/DAHTwYcyoOD/?igsh=bnNpdHJxdWVlcnF1

Timestamps:

00:36 TOPIC: FOMC meeting and 50 basis point rate cut

01:36 Reactions to the Fed’s decision

05:59 “What do you see in your market in terms of buyer activity?”

10:22 Discussions with consumers about the impact of rate cuts on the housing market

13:41 Sellers that are making a move right now

16:45 Question on mortgage rates & how to respond to consumer questions

40:29 Biggest obstacles to reaching your goals for 2024 & 2025

43:29 The best mindset to combat the fear of failure

44:30 Lacking a back-up plan is an advantage

———

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/

Join the 5AM Call: https://5amcall.com/

———

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

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

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/

𝐒𝐮𝐦𝐦𝐢𝐭 𝐕𝐀 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Leverage your business with a REAL ESTATE-TRAINED Virtual Assistant → https://www.summitvasolutions.com/byronlazine-referral

𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://trial.propstreampro.com/bam/

𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners

𝐒𝐢𝐞𝐫𝐫𝐚 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐯𝐞: Solutions That Maximize ROI. SEO powered IDX websites and a predictive CRM driven by marketing automations that help you capture, convert and close. Faster. Let's Chat → https://get.sierrainteractive.com/bam

𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬: Maximize tax savings, reduce administrative burdens, and increase take-home pay with a financial management solution specifically for real estate agents: https://get.formationscorp.com/bam

———

...more

View all episodes

By BAM Media

4.7

4040 ratings