March 08, 2024

Will Biden’s New Housing Initiatives Help The Industry? | Knowledge Brokers Podcast 060

45 minutes

Tom Toole and Lisa Chinatti discuss Steve Harney's passing, President Biden's new housing initiatives, Sitzer/Burnett plaintiffs requesting a payout, Jerome Powell's senate hearing, Fannie Mae home price expectations, what it means to be an A-player vs top-producer, and why the Silver Tsunami is not coming.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe

Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Resources:

https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035

https://nowbam.com/biden-announces-5000-mortgage-relief-credit-and-incentives-to-build-more-homes/

https://nowbam.com/100-housing-experts-see-increased-home-price-growth-and-6-mortgage-rates-in-2024/

https://nowbam.com/the-income-needed-to-buy-a-home-has-jumped-80-since-2020/

https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035

Timestamps:

00:00–00:39 Intro

00:39 Steve Harney, the “oracle of real estate,” passed away Sunday, March 3, 2024

05:25 President Biden’s housing initiatives: $5K-$10K tax credit & homebuilder incentives

08:31 Mortgage Bankers Association article on Biden plan + why Tom doesn’t like the plan

11:33 Plaintiffs of Sitzer/Burnett have requested a payout of their fees

14:23 On Thursday, Jerome Powell spoke before senate banking committee (Resiclub)

15:58 Fannie Mae home price expectations (BAM article/chart)

17:13 How are you sharing this with consumers?

18:07 Lisa’s answer: local market trends

19:26 Tom’s answer: the cost of waiting calculation

23:15 The biggest wealth is owning real estate

24:36 What does it mean to be an A-player?

28:41 Nick Saban quote

30:41 Job report topic/credit report (increasing consumer debt) & affordability

34:00 80% more expensive to buy a home since COVID (BAM article)

36:12 “We live in this era of the side hustle...”

37:09 "People think they could work another job & be really successful at real estate…"

38:58 If you want to get paid like a CEO you have to work like a CEO…

40:44 “Silver tsunami” topic: "It’s not coming…” (Lisa) + Lance Lambert chart

42:30 “This plan isn’t going to work…” (Tom)

43:01 It’s International Women’s Day!

———

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/

Join the 5AM Call: https://5amcall.com/

———

BAM PARTNERS

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𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name

𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners

———

#JeromePowell #housingaffordability #Biden

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By BAM Media

4.7

4040 ratings

March 08, 2024

Will Biden’s New Housing Initiatives Help The Industry? | Knowledge Brokers Podcast 060

45 minutes

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: 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

Resources:

https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035

https://nowbam.com/biden-announces-5000-mortgage-relief-credit-and-incentives-to-build-more-homes/

https://nowbam.com/100-housing-experts-see-increased-home-price-growth-and-6-mortgage-rates-in-2024/

https://nowbam.com/the-income-needed-to-buy-a-home-has-jumped-80-since-2020/

https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035

Timestamps:

00:00–00:39 Intro

00:39 Steve Harney, the “oracle of real estate,” passed away Sunday, March 3, 2024

05:25 President Biden’s housing initiatives: $5K-$10K tax credit & homebuilder incentives

08:31 Mortgage Bankers Association article on Biden plan + why Tom doesn’t like the plan

11:33 Plaintiffs of Sitzer/Burnett have requested a payout of their fees

14:23 On Thursday, Jerome Powell spoke before senate banking committee (Resiclub)

15:58 Fannie Mae home price expectations (BAM article/chart)

17:13 How are you sharing this with consumers?

18:07 Lisa’s answer: local market trends

19:26 Tom’s answer: the cost of waiting calculation

23:15 The biggest wealth is owning real estate

24:36 What does it mean to be an A-player?

28:41 Nick Saban quote

30:41 Job report topic/credit report (increasing consumer debt) & affordability

34:00 80% more expensive to buy a home since COVID (BAM article)

36:12 “We live in this era of the side hustle...”

37:09 "People think they could work another job & be really successful at real estate…"

38:58 If you want to get paid like a CEO you have to work like a CEO…

40:44 “Silver tsunami” topic: "It’s not coming…” (Lisa) + Lance Lambert chart

42:30 “This plan isn’t going to work…” (Tom)

43:01 It’s International Women’s Day!

———

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/

Join the 5AM Call: https://5amcall.com/

———

BAM PARTNERS

𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/

𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200

𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name

𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners

———

#JeromePowell #housingaffordability #Biden

...more