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
