Byron Lazine and Tom Toole discuss the debt ceiling deal and what it means for mortgages, whether the housing bill will incentivize sellers, public support for median-priced home building, the May jobs report, housing inventory, and the top five income-producing activities for agents
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Timestamps:
00:00–01:01 Intro
01:01 May jobs report
03:25 Predictions on Fed moves in June and July
06:13 The U.S. debt deal
06:29 Reactions to the debt deal in the 10 year, stock market, and 30-year fixed
08:23 The benefits of being a knowledge broker
11:11 The Ivy Zellman quote and micro- + macro-level market knowledge
12:32 Logan Mohtashami Tweet on the 10 year & Lance Lambert on inventory
16:58 Competition for starter homes and public support for median priced new construction
24:06 Top five income-producing activities
27:08 #1—Have conversations with people—on the phone or in person
28:50 #2—Become a weekend warrior!
33:35 #3—Prioritize making conversations during the proper times (Harvard study)
37:38 #4—Get leads that you don’t have to pay up front for.
40:55 #5—Set, run, and execute on appointments
42:48 What’s not on the list
Show Resources:
https://www.housingwire.com/articles/leaders-struck-a-debt-ceiling-deal-what-does-it-mean-for-mortgages/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXZNOASUT0V6#cxrecs_shttps://www.housingwire.com/articles/house-bill-would-incentivize-home-selling-in-effort-to-boost-supply/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_shttps://nowbam.com/majority-of-adults-support-new-homes-to-improve-housing-affordability/
https://www.cnbc.com/2023/06/02/jobs-report-may-2023-.html
https://twitter.com/NewsLambert/status/1664384883769131009?s=20
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Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
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