Byron Lazine and Tom Toole discuss declining mortgage rates after the SVB collapse, the increase in housing starts, the best way to fight inflation, and accidental landlords.

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Timestamps:

00:00–01:30 Intro

01:30 Falling mortgage rates amid banking turmoil

04:57 Who’s to blame?

08:46 How the housing market reacted

10:08 Why the Fed should leave the interest rate as it is (no hikes or cuts)

12:40 Smart investments for 2023

13:41 Accidental landlords (Fortune article)

16:51 “When you hit 6.5%, the demand picks up.” (KCM chart)

18:45 Data vs drama: What top agents do when the going gets tough

24:34 “At 5%, we’d free up inventory, which is what we need…”

26:27 Some basic skills on how to work with investors.

30:26 Use spreadsheets to calculate investments (ROI for multiple scenarios)

35:20 The biggest opportunity for agents to work with investors

36:51 Housing starts are up

Show Resources:

https://www.housingwire.com/articles/mortgage-rates-declined-amid-banks-failures-whats-next/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=2&cx_experienceId=EXZNOASUT0V6#cxrecs_s

https://www.housingwire.com/articles/housing-starts-rise-as-buyer-demand-rises/?cx_testId=19&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXQEK4SQSVBN#cxrecs_s

https://www.housingwire.com/articles/latest-housing-starts-data-is-good-for-mortgage-rates/

https://fortune.com/2023/03/13/housing-market-homeowners-who-held-onto-low-mortgage-rates-are-becoming-accidental-landlords-renters-real-estate/

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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/

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