Byron Lazine, Lisa Chinatti, and Tom Toole discuss comments on the economy, housing, and the job market from Jerome Powell, the impact of the Fed rate hike, new construction, lead generation, and the year-over-year increase in existing home sales.

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Timestamps:

00:00–00:48 Intro

00:48 Lisa’s take on the Fed’s 25 bp rate hike

02:02 Byron’s take on the rate hike and why he’d hoped for a pause

03:22 Tom’s take and the benefits of an expected outcome

08:13 Powell’s comment on the housing market

10:34 New construction, existing homes, and the vacuum between

17:08 Powell’s comments on the job market & agent spending (and saving)

20:03 Lead conversion numbers vs having the biggest pipeline with the lowest cost per lead

25:05 Chart: “Home price growth by months into the decade” (Lance Lambert/Fortune)

27:04 Discuss this with your buyers to maximum their home equity growth

35:04 Final thoughts heading into the weekend and next week

35:49 Property tax increases and their impact on the housing market

Show Resources:

https://www.cnbc.com/2023/03/23/stock-markets-jerome-powell-flipped-the-script.html

https://www.cnbc.com/2023/03/23/the-inflation-force-that-has-fed-risking-rate-hikes-with-banks-on-edge.html

https://www.housingwire.com/articles/fed-delivers-a-25-bps-rate-hike-amid-bank-failures/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXZNOASUT0V6#cxrecs_s

https://www.housingwire.com/articles/existing-home-sales-rise-for-the-first-time-in-a-year/?cx_testId=9&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_s

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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/

#federalreserve #jeromepowell #ratehikes

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