Is The U.S. Job Market Finally Starting To Break? | Knowledge Brokers Podcast 035

Sep 1, 2023

Discussion on rising unemployment and its potential impact on the next Fed meeting, strategies for agents to increase market share in Q4, using reverse psychology to build trust, strong opinions about NAR and its role in the real estate industry.

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Introduction

00:00 • 3min

Job market optimism and concerns about layoffs

03:13 • 11min

Transitioning into the Winter Market

14:28 • 13min

Discussion on Google PaperClick Ads, Mortgage Demand, and NAR

27:08 • 2min

Questioning the Value of NAR and the $700 Annual Fee

28:50 • 4min

Scandal and Misconduct at a Corporation

32:20 • 8min

Byron Lazine and Lisa Chinatti discuss the rise in unemployment, what it could mean for the next Fed meeting, how agents can take market share with Q4 one month away, using reverse psychology to build trust, and strong feelings about NAR and its place in the real estate industry. Join us at BAM Camp on September 20th for an unforgettable all-day event in Naples, Florida! https://brokeagentmedia.lpages.co/bam-camp/ 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: 00:00–02:06 Intro 02:06 Unemployment is up to 3.8% and what it could mean for the next Fed meeting 04:54 Take out owner’s equivalent rent and we’d have 2.6% inflation 06:05 Job security in question 10:11 Yellow Corp (U.S. trucking co) filed for bankruptcy 14:34 What will it take to increase market share as we lean into the final month of Q3? 21:55 Building relationships and why sometimes “wrong is right” (h/t Marc Davison) 25:04 Using reverse psychology to flip the script and deepen the conversation 25:54 Byron’s story about listing his own home 28:11 “I don’t believe NAR actually serves the agents.” 32:16 NAR stands by CEO 34:52 “I would only stick with Bob if…” Show Resources: https://nowbam.com/nar-stands-behind-ceo-bob-goldberg/ ——— 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/ ——— BAM PARTNERS 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200 ———