Is A Recession The Best Thing For U.S. Housing? | Fortune's Lance Lambert | Knowledge Brokers Pod 31

Lance Lambert joins Byron Lazine, Tom Toole, and Lisa Chinatti to discuss the lock-in effect, what could happen if we get a soft landing vs a recession, where he sees the Fed moving next, where agents should look for inventory, and the biggest mistake agents are making. Enter to win two in-person tickets to the Tom Ferry Success Summit in Dallas (August 22-24, 2023): https://mailchi.mp/nowbam/tf-summit-ticket-giveaway-2023 Join us in August at the TF Success Summit!! Use promo code PRBAMSS for $100 OFF!! https://www.tomferry.com/ssb 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: 00:00–01:43 Intro 01:43 Will mortgage rates go down—and what will it take? 04:13 The pandemic’s effect on the labor market 07:02 Goldman Sachs’ predictions and the gap between the 10-yr Treasury & 30-year fixed 09:08 Lance’s view on the lock-in effect 12:51 What happens to housing in the next 12 months if we get a soft landing? 15:21 Does recession offer the best chance for more affordable housing prices? 19:41 What’s the one thing that will change the lock-in effect 21:55 Boomers vs Millennials: rates and inventory 27:24 “Where do you see the Fed moving next?” 30:27 Why are we in such a better place with multifamily supply than with helping more Americans become homeowners? 32:10 What comes first: Homeownership or increasing the supply of affordable housing 36:38 Where should agents be looking for inventory? 37:49 What’s the biggest mistake agents are making? ——— 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/ Connect with Lance Lambert: https://twitter.com/NewsLambert Fortune Magazine page: https://fortune.com/author/lance-lambert/ ——— BAM Partner: Vulcan7: The most accurate, powerful, and effective lead generation resource to build your business: https://www.vulcan7.com/referral/bam/ #realestatemarket #housingmarket #housingmarkettrends