🆕 Stay up to date on all the latest topics while Tom Toole, Sarah Tymon and Stacey Mitchell give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM! 🎙

👉 This weeks topic recap:

⚠️ • Will war in the middle east force rates down?

🏠 • Home Services Petition denied by Supreme Court

🛠 • Pros and cons of a fixer upper purchase

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Curious About Mortgage Rates Amid Iran-Israel Conflict?

Let's explore how this situation could impact mortgage rates and the housing market.

📈 Some speculate rates might drop due to the conflict, while others predict the Fed could delay rate cuts.

🔍 Last week's CPI data surged, pushing rates up. Additionally, inventory is increasing, prompting price adjustments.

⚖️ Higher rates may affect both buyers and sellers. Sellers may consider expediting sales with rising inventory, while buyers may focus on properties with longer time on the market and stable prices.

💼 Take time to gather information and consult with a local agent for tailored advice. Make decisions that align with your household's needs.

If you want to discuss this further, schedule a call with our team ➡️ https://calendly.com/tomtoole

Ever felt anxious about reaching out to your network? Amy Q from our team nailed it, landing a $1,000,000+ listing.

Amy's secret? Transitioning smoothly from social to business, she treated her friend like a client, avoiding a casual approach. 🤝

By sticking to her playbook and implementing our training, she secured a listing and a raving fan. Lesson learned: Treat friends like clients, and watch your business grow! 🚀

Ready to grow your business with our team? Reach out directly or schedule a call! 📲 https://calendly.com/tomtoole

Looking for more homes on the market? 👀 Insights from the latest NAR report show various reasons behind the move:

Many are seeking closer ties, while others need more space due to family changes. Some find their neighborhood less desirable, or their current homes too large. Job relocation, retirement, and health or financial concerns also play a role. 🏡

Despite rising listings, don't expect a sudden surge in inventory. It's crucial to be prepared:

-Ensure your finances and credit are in order. 💰

-Understand the costs involved in buying and selling. 📊

--Plan ahead for unexpected challenges.👏

In terms of demographics, Gen Xers and younger boomers are leading home sellers, with a significant portion being married couples.

Ready to make a move? Act quickly when the right property appears! Schedule a call with our team for personalized insights. ☎️ https://calendly.com/tomtoole

Empower through education, not defense. 👊

Sharran Srivatsaa, President of Real Brokerage, sheds light on the intricate dynamics of the housing market. 👀

In today's market, understanding data is paramount, especially post-NAR settlement revelations. 📊

Navigating mortgage rates and inventory trends? ➡️ It's crucial to arm ourselves with knowledge and pose the right questions.

Rather than waiting for lower rates, let's delve into the data and understand its implications.

Facing inventory challenges? Let's delve into the facts and figures to make informed decisions.

Engage, don't lecture. Empower with data-driven insights. ✨

These strategic approaches will equip you to guide consumers through the complexities of the market confidently. 🤝

Ready to propel your business with our team? Schedule a discovery call!

📉 Jerome Powell's latest statement on interest rates is crucial. He doesn't expect rates to return to pre-pandemic lows, and that's significant for anyone considering real estate decisions in the next 6 to 24 months.

🏠 Rates were in the mid fours pre-pandemic, but projections suggest they'll be in the low sixes by 2024. Waiting for lower rates isn't wise due to potential inflation risks.

🔍 Over 86% of homeowners have rates at 6% or less, and home prices are appreciating, especially in certain areas. Waiting may mean missing out on equity and paying rent without building equity.

💼 For sellers, rising inventory suggests now might be the time to act, especially if cashing out or moving elsewhere.

⏰ Don't bank on rates dropping further. If a home purchase opportunity aligns with your goals, it might be wise to act sooner rather than later.

✅ Considering these factors, it's crucial to strategize with a professional to make informed decisions. Schedule a discovery call with our team! ➡️ https://calendly.com/tomtoole

In navigating the evolving real estate landscape, optimizing first appointments and pre-appointment rituals is key. 🔑 Here's how:

➡️ Send a personalized pre-appointment email with essential documents. During the confirmation call, ask crucial questions to understand the client's needs without overwhelming them.

➡️ For seller appointments, discuss home value, mortgages, and backup plans. In buyer appointments, address financial aspects and educate them on the buying process.

By preparing effectively and asking the right questions, you demonstrate your expertise, leading to more successful appointments and increased sales. 👏

Learn more about joining our team & schedule a call! 📲 https://calendly.com/tomtoole

Last week, Jerome Powell and President Biden addressed critical housing issues. Let's unpack it all. 👀

President Biden discussed a $418 million settlement, pending changes set for mid-July. Notably, compensation offers will be removed from the MLS, and buyers must sign contracts before touring homes. 🏡

However, Biden's claim of newfound commission negotiation rights is inaccurate. Commissions have always been negotiable. ❌

Meanwhile, Jerome Powell highlighted subdued housing activity due to higher rates, suggesting stable rates in the near future. 📈

With these changes, it's crucial to understand the financial implications. Whether buying or selling, discuss costs and monthly payments with your real estate agent. Transparency is key, ensuring informed decisions amid evolving regulations. 🤝

Schedule a discovery call with our team! https://calendly.com/tomtoole

🏡 Big news for real estate professionals! The National Association of Realtors settled the commission lawsuit for $418 million, bringing major changes by mid-July. Here's what you need to know:

1️⃣ Compensation disclosure on MLS listings is changing. Sellers can still compensate buyer agents, but it won't be as explicit.

2️⃣ Buyer agency contracts will be mandatory before property showings, potentially affecting current business practices.

Stay ahead with these tips:

Develop efficient systems to handle compensation inquiries. ✅

Ensure buyer presentations highlight your unique value. ✅

Focus on client needs amidst legal changes. ✅

Embrace education over defensiveness to attract clients. ✅

Face the storm head-on, adapting your business for success. ✅

Let's navigate these changes together! 🌟 Schedule a call and learn about our team! https://calendly.com/tomtoole

Curious about the real estate market? Here's a quick breakdown for you:

🏠 Sales remained steady in Greater Philadelphia, with some areas seeing a slight decrease and others a small increase.

💰 Median sale prices rose by about 9% in suburban areas and 4% in Philadelphia.

📉 New listings in Philadelphia decreased slightly while increasing in other areas, indicating growing inventory.

📉 Interest rates are currently between 6.5% and 6.75%, making it a favorable time to buy.

🔍 For sellers: Now might be a good time to cash out, as prices are up and inventory is growing.

🏠 For buyers: Lower interest rates mean you can afford more, but be prepared to act quickly as good homes sell fast.

💼 It's crucial to work with a knowledgeable agent who can guide you through the market. Education and preparation are key in navigating the current real estate landscape. Don't hesitate to reach out and explore your options!