Byron Lazine, Tom Toole, and Lisa Chinatti discuss spring home shopping seasons past and present, the increase in pending home sales, Boomers vs Millennials, a tale of two housing markets, the best advice for agents in Q2, and the class action commissions lawsuit.
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Timestamps:
00:00–00:20 Intro
01:10 Mortgage rate stability and an increase in consumer confidence
03:00 Pending sales are up the most in the Northeast
05:10 Two different buyer mindsets
06:17 Boomers vs Millennials
10:04 Only 1% of sellers want agents to create videos (NAR)
16:25 Agents need to adopt ‘journey breath’ (or ‘relationship breath’)
23:11 Boomers and the tale of two housing markets
29:15 The California mansion tax
31:19 Best advice for agents in Q2
35:38 Thoughts on the class action commission lawsuit
44:00 A full episode on the value of NAR
Show Resources:
https://www.inman.com/2023/03/28/will-spring-be-a-bust-4-decades-of-housing-data-tell-a-complex-story/
https://www.inman.com/2023/03/29/will-an-inventory-shortage-stymie-spring-look-to-1994-for-a-few-clues/
https://www.housingwire.com/articles/low-inventory-a-challenge-to-housing-market-as-rates-decline/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.wsj.com/articles/home-prices-housing-market-trends-east-west-83c9eb56
https://www.inman.com/2023/03/27/great-reshuffling-winds-down-as-covid-hotspots-and-tech-hubs-cool/
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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/
#housingmarket2023 #housingmarket #housingmarketforecast
