The Importance of Preparing for the Real Estate Market

With Byron Lazine away at the Marketing Mastermind, Tom Toole and Lisa Chinatti discuss the drop in mortgage rates after the Fed’s latest rate hike, whether Powell’s speech was actually positive, Housing Market Tracker, and April monthly housing report trends. Use the discount code BAM23 for Virtudesk to hire your first virtual assistant today and save $250 on the start-up fee: https://bit.ly/Virtudesk-BAM Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebro... Join the 5AM Call: https://5amcall.com/ Timestamps: 00:00–01:27 Intro 01:27 Is the market stabilizing? 01:40 “What are consumers seeing in the marketplace?” 03:08 Why agents should be reading LM’s HousingWire Market Tracker on a weekly basis 04:53 Predictions on stability of mortgage rates 07:47 Inventory predictions and total listing count (Realtor.com) 10:50 Pending listing count (Realtor.com) “We’re coming off these highs…” 12:26 Reactions to Jerome Powell’s speech at the FOMC meeting (05.03.23) 18:38 Powell’s comments on the labor market 20:39 Widespread lack of affordable childcare 24:18 Cinco de Mayo plans 25:09 Bigger companies feeling the pinch in the real estate market Show Resources: https://www.housingwire.com/articles/... https://www.cnbc.com/2023/05/03/live-... https://www.housingwire.com/articles/... https://www.realtor.com/research/apri... https://www.inman.com/2023/05/03/zill... https://www.inman.com/2023/05/03/anyw... https://www.realtor.com/research/apri... —------- BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers. Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka. Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-ne... Check out BAM: https://nowbam.com/ —---- 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/ # # #