Knowledge Brokers Podcast Will Biden’s New Housing Initiatives Help The Industry? | Knowledge Brokers Podcast 060
Tom Toole and Lisa Chinatti discuss Steve Harney's passing, President Biden's new housing initiatives, Sitzer/Burnett plaintiffs requesting a payout, Jerome Powell's senate hearing, Fannie Mae home price expectations, what it means to be an A-player vs top-producer, and why the Silver Tsunami is not coming.
𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Resources:
https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035
https://nowbam.com/biden-announces-5000-mortgage-relief-credit-and-incentives-to-build-more-homes/
https://nowbam.com/100-housing-experts-see-increased-home-price-growth-and-6-mortgage-rates-in-2024/
https://nowbam.com/the-income-needed-to-buy-a-home-has-jumped-80-since-2020/
https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035
Timestamps:
00:00–00:39 Intro
00:39 Steve Harney, the “oracle of real estate,” passed away Sunday, March 3, 2024
05:25 President Biden’s housing initiatives: $5K-$10K tax credit & homebuilder incentives
08:31 Mortgage Bankers Association article on Biden plan + why Tom doesn’t like the plan
11:33 Plaintiffs of Sitzer/Burnett have requested a payout of their fees
14:23 On Thursday, Jerome Powell spoke before senate banking committee (Resiclub)
15:58 Fannie Mae home price expectations (BAM article/chart)
17:13 How are you sharing this with consumers?
18:07 Lisa’s answer: local market trends
19:26 Tom’s answer: the cost of waiting calculation
23:15 The biggest wealth is owning real estate
24:36 What does it mean to be an A-player?
28:41 Nick Saban quote
30:41 Job report topic/credit report (increasing consumer debt) & affordability
34:00 80% more expensive to buy a home since COVID (BAM article)
36:12 “We live in this era of the side hustle...”
37:09 "People think they could work another job & be really successful at real estate…"
38:58 If you want to get paid like a CEO you have to work like a CEO…
40:44 “Silver tsunami” topic: "It’s not coming…” (Lisa) + Lance Lambert chart
42:30 “This plan isn’t going to work…” (Tom)
43:01 It’s International Women’s Day!
———
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/
Join the 5AM Call: https://5amcall.com/
———
BAM PARTNERS
𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/
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
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners
———
#JeromePowell #housingaffordability #Biden