The KEY To Unlocking More Housing Inventory | Knowledge Brokers Podcast 028

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the Fed’s (outdated) playbook, consumer confidence, the MLS PIN decision, technology for the real estate industry, and the Boston mayor’s incentive for converting office buildings for residential use. BAMx – Become a better agent: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription! Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1 Join the 5AM Call: https://5amcall.com/ Timestamps: 00:00–00:40 Intro 00:40 CPI data—lower than expectations—and resulting rate drop 01:52 WSJ article comparing how we measure inflation and how Europe does 05:12 Expectations for July FOMC meeting 06:02 the Fed’s (outdated) playbook 09:26 Consumers have come to terms with higher rates 12:37 Consumer sentiment: 78% believe it’s a bad time to buy 13:25 The person asking the questions steers the conversation 15:06 When rates go lower, competition will increase 17:58 MLS PIN decision 25:38 Changes in buyer/listing contracts coming 27:17 Tech for the real estate industry has some catching up to do 31:09 Agents are needing to adjust to a new landscape & a new way of doing business 32:39 Boston mayor’s incentive the conversion of office buildings to residential units Show Resources: https://www.housingwire.com/articles/us-inflation-significantly-cooled-last-month-sending-a-positive-signal-to-the-fed/?cx_testId=8&cx_testVariant=cx_1&cx_artPos=2&cx_experienceId=EXAPB9I50LOS#cxrecs_s https://www.housingwire.com/articles/consumers-may-be-coming-to-terms-with-elevated-rates-and-high-home-prices-fannie-mae/?cx_testId=9&cx_testVariant=cx_1&cx_artPos=5&cx_experienceId=EXAPB9I50LOS#cxrecs_s https://fortune.com/2023/07/13/boston-housing-market-shortage-commerical-real-office-glut-pilot-program/ —------- 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-newsletter-in-real-estate 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/ #realestatemarket #realestatepodcast #realestateagent