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The KEY To Unlocking More Housing Inventory | Knowledge Brokers Podcast 028
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the Fed’s (outdated) playbook, consumer confidence, the MLS PIN decision, technology for the real estate industry, and the Boston mayor’s incentive for converting office buildings for residential use.
BAMx – Become a better agent: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription!
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:40 Intro
00:40 CPI data—lower than expectations—and resulting rate drop
01:52 WSJ article comparing how we measure inflation and how Europe does
05:12 Expectations for July FOMC meeting
06:02 the Fed’s (outdated) playbook
09:26 Consumers have come to terms with higher rates
12:37 Consumer sentiment: 78% believe it’s a bad time to buy
13:25 The person asking the questions steers the conversation
15:06 When rates go lower, competition will increase
17:58 MLS PIN decision
25:38 Changes in buyer/listing contracts coming
27:17 Tech for the real estate industry has some catching up to do
31:09 Agents are needing to adjust to a new landscape & a new way of doing business
32:39 Boston mayor’s incentive the conversion of office buildings to residential units
Show Resources:
https://www.housingwire.com/articles/us-inflation-significantly-cooled-last-month-sending-a-positive-signal-to-the-fed/?cx_testId=8&cx_testVariant=cx_1&cx_artPos=2&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.housingwire.com/articles/consumers-may-be-coming-to-terms-with-elevated-rates-and-high-home-prices-fannie-mae/?cx_testId=9&cx_testVariant=cx_1&cx_artPos=5&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://fortune.com/2023/07/13/boston-housing-market-shortage-commerical-real-office-glut-pilot-program/
—-------
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/
—----
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/
#realestatemarket #realestatepodcast #realestateagent
View all episodes
By BAM Media
4.7
4040 ratings
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the Fed’s (outdated) playbook, consumer confidence, the MLS PIN decision, technology for the real estate industry, and the Boston mayor’s incentive for converting office buildings for residential use.
BAMx – Become a better agent: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription!
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:40 Intro
00:40 CPI data—lower than expectations—and resulting rate drop
01:52 WSJ article comparing how we measure inflation and how Europe does
05:12 Expectations for July FOMC meeting
06:02 the Fed’s (outdated) playbook
09:26 Consumers have come to terms with higher rates
12:37 Consumer sentiment: 78% believe it’s a bad time to buy
13:25 The person asking the questions steers the conversation
15:06 When rates go lower, competition will increase
17:58 MLS PIN decision
25:38 Changes in buyer/listing contracts coming
27:17 Tech for the real estate industry has some catching up to do
31:09 Agents are needing to adjust to a new landscape & a new way of doing business
32:39 Boston mayor’s incentive the conversion of office buildings to residential units
Show Resources:
https://www.housingwire.com/articles/us-inflation-significantly-cooled-last-month-sending-a-positive-signal-to-the-fed/?cx_testId=8&cx_testVariant=cx_1&cx_artPos=2&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.housingwire.com/articles/consumers-may-be-coming-to-terms-with-elevated-rates-and-high-home-prices-fannie-mae/?cx_testId=9&cx_testVariant=cx_1&cx_artPos=5&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://fortune.com/2023/07/13/boston-housing-market-shortage-commerical-real-office-glut-pilot-program/
—-------
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/
—----
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/
#realestatemarket #realestatepodcast #realestateagent
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