With Byron Lazine away at the Marketing Mastermind, Tom Toole and Lisa Chinatti discuss the drop in mortgage rates after the Fed’s latest rate hike, whether Powell’s speech was actually positive, Housing Market Tracker, and April monthly housing report trends.
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Timestamps:
00:00–01:27 Intro
01:27 Is the market stabilizing?
01:40 “What are consumers seeing in the marketplace?”
03:08 Why agents should be reading LM’s HousingWire Market Tracker on a weekly basis
04:53 Predictions on stability of mortgage rates
07:47 Inventory predictions and total listing count (Realtor.com)
10:50 Pending listing count (Realtor.com) “We’re coming off these highs…”
12:26 Reactions to Jerome Powell’s speech at the FOMC meeting (05.03.23)
18:38 Powell’s comments on the labor market
20:39 Widespread lack of affordable childcare
24:18 Cinco de Mayo plans
25:09 Bigger companies feeling the pinch in the real estate market
Show Resources:
https://www.housingwire.com/articles/...
https://www.cnbc.com/2023/05/03/live-...
https://www.housingwire.com/articles/...
https://www.realtor.com/research/apri...
https://www.inman.com/2023/05/03/zill...
https://www.inman.com/2023/05/03/anyw...
https://www.realtor.com/research/apri...
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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/