Byron Lazine, Tom Toole, and Lisa Chinatti discuss rising inventory, confusing pricing headlines, home price increase reported by Case-Shiller, an increase in mortgage applications, and a decrease in the mortgage delinquency rate.
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Timestamps:
00:00–01:12 Intro
01:12 Inventory is up—by about 8K homes—and pending sales are down
05:23 What do you say to someone just coming back to the market?
08:09 Mortgage applications are up and mortgage delinquency is down
10:40 Lisa’s downsizing seminar
14:40 Top concerns for those looking to downsize
17:03 Building relationships is critical
20:28 Find a way to deliver value (and ditch the business cards)
22:31 Predictions on the Fed’s next move
24:45 The foreclosures are NOT coming
28:02 There’s too much equity for the average homeowner
28:33 What knowledge brokers are focusing on this weekend
Show Resources:
https://www.housingwire.com/articles/housing-market-tracker-inventory-finally-rises/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://nowbam.com/calling-all-knowledge-brokers-help-consumers-make-sense-of-the-latest-housing-market-reports/
https://www.wsj.com/articles/home-prices-rose-in-february-for-first-time-since-june-985486a6https://www.mba.org/news-and-research/newsroom/news/2023/04/26/mortgage-applications-increase-in-latest-mba-weekly-survey
https://www.calculatedriskblog.com/2023/04/freddie-mac-mortgage-serious.html
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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/
