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Has The Housing Market Officially Stabilized? | Knowledge Brokers Podcast 013
Byron Lazine, Tom Toole, and Lisa Chinatti discuss spring home shopping seasons past and present, the increase in pending home sales, Boomers vs Millennials, a tale of two housing markets, the best advice for agents in Q2, and the class action commissions lawsuit.
Use the discount code BAM23 for Virtudesk to hire your first virtual assistant today and save $250 on the start-up fee: https://bit.ly/Virtudesk-BAM
Get your free copy of BAM’s newest ebook:
“Mastering the Green Screen”:
https://brokeagentmedia.lpages.co/how-to-green-screen/
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:20 Intro
01:10 Mortgage rate stability and an increase in consumer confidence
03:00 Pending sales are up the most in the Northeast
05:10 Two different buyer mindsets
06:17 Boomers vs Millennials
10:04 Only 1% of sellers want agents to create videos (NAR)
16:25 Agents need to adopt ‘journey breath’ (or ‘relationship breath’)
23:11 Boomers and the tale of two housing markets
29:15 The California mansion tax
31:19 Best advice for agents in Q2
35:38 Thoughts on the class action commission lawsuit
44:00 A full episode on the value of NAR
Show Resources:
https://www.inman.com/2023/03/28/will-spring-be-a-bust-4-decades-of-housing-data-tell-a-complex-story/
https://www.inman.com/2023/03/29/will-an-inventory-shortage-stymie-spring-look-to-1994-for-a-few-clues/
https://www.housingwire.com/articles/low-inventory-a-challenge-to-housing-market-as-rates-decline/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.wsj.com/articles/home-prices-housing-market-trends-east-west-83c9eb56
https://www.inman.com/2023/03/27/great-reshuffling-winds-down-as-covid-hotspots-and-tech-hubs-cool/
—-------
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: http://eepurl.com/hZU-Vn
Check out BAM: https://nowbam.com/
—----
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/
#housingmarket2023 #housingmarket #housingmarketforecast
View all episodes
By BAM Media
4.7
4040 ratings
Byron Lazine, Tom Toole, and Lisa Chinatti discuss spring home shopping seasons past and present, the increase in pending home sales, Boomers vs Millennials, a tale of two housing markets, the best advice for agents in Q2, and the class action commissions lawsuit.
Use the discount code BAM23 for Virtudesk to hire your first virtual assistant today and save $250 on the start-up fee: https://bit.ly/Virtudesk-BAM
Get your free copy of BAM’s newest ebook:
“Mastering the Green Screen”:
https://brokeagentmedia.lpages.co/how-to-green-screen/
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:20 Intro
01:10 Mortgage rate stability and an increase in consumer confidence
03:00 Pending sales are up the most in the Northeast
05:10 Two different buyer mindsets
06:17 Boomers vs Millennials
10:04 Only 1% of sellers want agents to create videos (NAR)
16:25 Agents need to adopt ‘journey breath’ (or ‘relationship breath’)
23:11 Boomers and the tale of two housing markets
29:15 The California mansion tax
31:19 Best advice for agents in Q2
35:38 Thoughts on the class action commission lawsuit
44:00 A full episode on the value of NAR
Show Resources:
https://www.inman.com/2023/03/28/will-spring-be-a-bust-4-decades-of-housing-data-tell-a-complex-story/
https://www.inman.com/2023/03/29/will-an-inventory-shortage-stymie-spring-look-to-1994-for-a-few-clues/
https://www.housingwire.com/articles/low-inventory-a-challenge-to-housing-market-as-rates-decline/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.wsj.com/articles/home-prices-housing-market-trends-east-west-83c9eb56
https://www.inman.com/2023/03/27/great-reshuffling-winds-down-as-covid-hotspots-and-tech-hubs-cool/
—-------
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: http://eepurl.com/hZU-Vn
Check out BAM: https://nowbam.com/
—----
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/
#housingmarket2023 #housingmarket #housingmarketforecast
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