Byron Lazine and Tom Toole discuss falling mortgage rates falling after inflation and job growth reports, predictions on what the Fed will do next, a slight uptick in inventory, home prices bottoming out, and how to win the second quarter in real estate.
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Timestamps:
00:00–00:59 Intro
00:59 Exciting news about inflation and mortgage rates
04:05 Slight uptick in inventory
06:30 Stabilization in the rental market
07:55 It’s now or never to get people to list their homes
10:45 Best times to make phone calls
12:00 What Byron is sending to homeowners and home shoppers to start conversations
16:33 How to win the second quarter (it’s all in the timing)
21:44 Let’s talk about the Fed
30:31 National home prices have bottomed out (chart: CoreLogic home price forecast)
37:19 “This is your fourth quarter moment”
Show Resources:
https://www.housingwire.com/articles/mortgage-rates-drop-again-amid-weaker-inflation-slowing-job-growth/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXZNOASUT0V6#cxrecs_s
https://www.housingwire.com/articles/better-inflation-data-wont-sway-the-fed/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.housingwire.com/articles/housing-market-tracker-mortgage-rates-drop-almost-1/?_ptid=%7Bkpdx%7DAAAAy3-X-fvwvAoKbnZCdWZxcThwdRIQbGdnZXYzbmw5M3NwbjAyZBoMRVhMTzVLUFBMMlZSIiUxODA4ODJvMGM0LTAwMDAzMXJ2YWRyZmk2cWhlc2kwbDBzdDdnKhpzaG93VGVtcGxhdGVVRDRKWFZYWjBGUk4xMTABOgxPVFhBQlRLTjZLQ1VSEnYtbGdnZW53cTM2d3FtNmRsYVonMjYwMDo0MDQwOjdmNzM6OWUwMDo1NTYyOmQ3MDU6MmJmOTo0NTE1YgNkbWNo5frpoQZwA3gE
https://fortune.com/2023/04/11/housing-market-national-home-prices-just-bottomed-says-corelogic/
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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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Knowledge Brokers Podcast