Lance Lambert joins Byron Lazine, Tom Toole, and Lisa Chinatti to discuss the lock-in effect, what could happen if we get a soft landing vs a recession, where he sees the Fed moving next, where agents should look for inventory, and the biggest mistake agents are making.
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Timestamps:
00:00–01:43 Intro
01:43 Will mortgage rates go down—and what will it take?
04:13 The pandemic’s effect on the labor market
07:02 Goldman Sachs’ predictions and the gap between the 10-yr Treasury & 30-year fixed
09:08 Lance’s view on the lock-in effect
12:51 What happens to housing in the next 12 months if we get a soft landing?
15:21 Does recession offer the best chance for more affordable housing prices?
19:41 What’s the one thing that will change the lock-in effect
21:55 Boomers vs Millennials: rates and inventory
27:24 “Where do you see the Fed moving next?”
30:27 Why are we in such a better place with multifamily supply than with helping more Americans become homeowners?
32:10 What comes first: Homeownership or increasing the supply of affordable housing
36:38 Where should agents be looking for inventory?
37:49 What’s the biggest mistake agents are making?
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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/
Connect with Lance Lambert: https://twitter.com/NewsLambert
Fortune Magazine page: https://fortune.com/author/lance-lambert/
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