Do 8% Rates Mean Doom For Agents? | Knowledge Brokers Podcast 042

Byron Lazine, Tom Toole, and Lisa Chinatti discuss mortgage rates hitting 8% this week, what “longer for longer” means, how agents can “survive until ‘25,” takeaways from Week One of the Sitzer/Burnett trial, a deeply flawed study, and why Byron is happy to pay both commissions.

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Timestamps:

00:00–00:43 Intro

00:43 Mortgage rates hit 8% this week

03:03 10-yr is at its highest since 2007 (4.9%)

04:09 Big takeaways from 8%

07:50 Mortgages at 5% or lower—from 90% to 83%

09:58 “It’s ‘survive until ‘25’ right now.”

14:23 What does “longer for longer” mean?

20:31 Tom’s Instagram poll: 40% have never made a business plan

23:08 Day 3 of the Sitzer/Burnett trial: training scripts and presentation slides

24:21 Byron’s takeaways: “I like what Gino (Blefari) said…”

26:30 Lisa’s takeaways on opening statements and plaintiff testimonies

30:27 Will cooperative compensation survive these lawsuits?

33:15 Flawed study: Redfin traffic reflects consumer activity, not agents steering clients away

38:56 Byron’s experience selling a home—and why he’s happy to pay both commissions

40:22 Realtor.com chief economist Danielle Hale will be here next week!

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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/

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#mortgagerates #housingmarket #interestrates