Byron Lazine, Lisa Chinatti, and Tom Toole discuss the results of the latest Fed meeting, lagging buyer sentiment, agents switching brokerages, trouble brewing for rental property owners, the right questions to ask, and two knowledge broker book recommendations.
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Timestamps:
00:00–00:46 Intro
00:46 Reactions to the latest Fed meeting
07:02 Trouble brewing for Airbnb/rental property investors?
15:55 60% of mortgage lenders are living paycheck to paycheck
20:15 1000Watt survey: One in three agents have switched brokerages in the past two years
23:46 Will we see 1 in 3 agents switching brokerages in the next year?
29:50 Only two components of the HPSI improved from April to May
31:20 Byron’s advice to homebuyers in today’s market
34:43 What are some of the questions to keep the knowledge broker in the driver’s seat?
37:28 What about the home shopper who is guarded about their motivation?
38:50 Book recommendation #1: Versatile Selling (selling to different personality types)
41:07 Book recommendation #2: Surrounded by Idiots: The Four Types of Human Behavior
42:08 Next week—The Top Six Knowledge Broker book recommendations (draft style)
45:40 Networking during graduation season
46:58 Future fed rate hikes: Will the Fed go too far?
Show Resources:
https://www.housingwire.com/articles/fed-pauses-rate-hikes-in-june-but-how-long-will-it-last/
https://www.cnbc.com/2023/06/15/stock-markets-the-fed-paused-rates-and-the-rally-in-markets.html
https://nowbam.com/home-price-sentiment-increased-to-its-highest-point-since-may-2022/
https://nowbam.com/fannie-maes-revised-forecast-calls-for-a-mild-recession-and-decline-in-home-prices/
https://www.airdna.co/blog/2023-us-mid-year-short-term-rental-outlook-report
Lisa's book recommendations:
Versatile Selling: https://global.wilsonlearning.com/resources/versatile-selling/
Surrounded by Idiots: https://www.surroundedbyidiots.com/en/
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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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