What 8% Mortgage Rates Could Do To U.S. Housing | Knowledge Brokers Podcast 033

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the 30-year fixed, the difference between earned optimism and wishful thinking, the conundrum for real estate professionals, how knowledge brokers play the long game, and Warren Buffet’s latest investment in U.S. builders. Join us in August at the TF Success Summit!! Use promo code PRBAMSS for $100 OFF!! https://www.tomferry.com/ssb Join us at BAM Camp on September 20th! — 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: 00:00–01:08 Intro 01:08 Highest 30 yr fixed since December, 2020 01:46 Optimism among real estate agents & the knowledge broker mindset 04:07 What could happen if we hit 8% with the 30-year fixed 04:41 “I made a massive mistake with my business.” 08:41 Earned optimism and a holistic view of the market 13:02 The Stockdale paradox 16:51 Mortgage rate predictions and the “Scary Chart” (NAR) 18:54 The conundrum for real estate professionals 21:51 How much home can you buy with a $2,500 monthly mortgage pmt (chart) 23:15 What does stability look like & how to talk to buyers in today’s market 25:54 How knowledge brokers are playing the long game 29:53 Warren Buffet investment in three U.S. builders and what it means Show Resources: https://www.linkedin.com/posts/lawrence-yun-592a76146_the-federal-reserves-comment-about-another-activity-7097997420260638720-RYfn/?utm_source=share&utm_medium=member_ios ——— 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 ——— #realestatenews #realestatetalk #realestatepodcast