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The Tom Ferry Podcast Experience
How YOU Can Fix the Real Estate Market | Tom Ferry Podcast Experience
Oct 11, 2023
Real estate legend Steve Harney joins the podcast to answer pressing questions about the market, including mortgage rates, fear elimination, and market fixes. They discuss debunking misconceptions and addressing fears in the real estate market, predictions for the upcoming year, and the importance of staying calm and preparing for the future.
38:13
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Quick takeaways
- Overcoming fear and misconceptions is crucial in the real estate industry, requiring agents to educate themselves and their clients with factual information to alleviate fear and make informed decisions.
- Deceleration of price appreciation in the real estate market does not indicate impending depreciation, and agents should effectively communicate this to clients by debunking misleading headlines and providing factual information.
Deep dives
Overcoming Fear and Misconceptions
One of the main ideas discussed in this podcast episode is the importance of overcoming fear and misconceptions in the real estate industry. The speaker emphasizes that fear can lead to panic and ultimately paralysis, preventing both consumers and agents from moving forward. He debunks the belief that the market will crash like it did in 2008, highlighting the low mortgage debt-to-income ratio and the record-low mortgage delinquency rates. The speaker urges agents to educate themselves and their clients with factual information to alleviate fear and make informed decisions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode