For this week’s episode of the Knowledge Brokers Podcast, Lisa Chinatti joins Tom Toole as Byron Lazine is away for The Broke Agent’s wedding.
The conversation started with Fed Chairman Jerome Powell and his responses to questions and comments at the Senate hearing, which had an immediate impact on predictions for this month’s FOMC meeting.
Then they weigh in on the impact of low builder confidence, as well as the conflicting data for unemployment, jobs, and wage growth.
The conversation wraps up with what Lisa and Tom are coaching their teams on to help sellers and buyers understand and navigate the current market.
Click on any of the timestamps below to watch:
00:41 Fed Chairman Jerome Powell, Senate Q&A, and Wall Street sentiments
05:29 Low inventory—on top of high mortgage rates, inflation, and pent-up demand
07:12 Housing shortage of 6.5 million units
08:50 How do agents articulate the challenges buyers face in today’s market?
10:28 Affordability will remain an issue—especially at median price points
13:58 The rate of housing starts would need to triple to keep up with demand.
17:03 The impact of the decline in builder confidence in Q4 2022
17:24 Gently used homes vs. new construction
20:03 Here’s how volatile the market is
21:51 Lisa’s and Tom’s predictions for the March FOMC meeting
24:09 Conflicting data with the jobs report, unemployment, and wage growth
33:18 What are you coaching your team on right now—starting with the seller side?
38:58 What about the buyer side?
42:03 The innovation that matters most—and what advanced agents are doing
Click here to watch the full episode.