Byron Lazine and Tom Toole discuss the latest FOMC meeting minutes, rising mortgage rates and falling inventory (again), the housing market’s loss of $2.3 trillion in home values, Fannie Mae’s revised forecast for 2023, and the best business plan for real estate agents in 2023.
Use the discount code BAM23 for Virtudesk to hire your first virtual assistant today and save $250 on the start-up fee: https://bit.ly/Virtudesk-BAM
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–00:52 Intro
00:52 FOMC meeting minutes
02:55 A bumpy road for the housing market–with downward pressure on home prices
08:34 The data suggests the best time to be a home seller is Q1
09:02 The data also suggests Q4 as the best time to be a home buyer
18:41 A script every agent should use and why
21:51 No one ever moves to time the market.
23:38 Redfin’s report on home value loss of $2.3 trillion
27:04 Fannie Mae revised forecast for 2023
29:09 Business plan for 2023: Spend 80% of your time having conversations
32:15 How do you do this: Hire a virtual assistant!
Show Resources:
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20230201.pdf
https://www.housingwire.com/articles/housing-market-tracker-mortgage-rates-spike-as-inventory-falls/
https://fortune.com/2023/02/22/housing-market-correction-home-prices-decline-real-estate-2-3-trillion-dollars/
https://www.inman.com/2023/02/22/modest-recession-could-put-a-lid-on-2023-home-sales-fannie-mae/
—-------
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: http://eepurl.com/hZU-Vn
Check out BAM: https://nowbam.com/
—----
Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
#realestatepodcast #realestateagent #housingnews
Knowledge Brokers Podcast