This week on the Knowledge Brokers Podcast, Byron Lazine and Tom Toole discuss the latest in housing market news before responding to a YouTube comment on a previous episode.
First up for news was the May jobs report, which naturally led to predictions on what the Fed will do at the next two FOMC meetings, as well as whether a new House bill to incentivize sellers will actually increase housing supply—followed by public support for an increase in affordable new construction.
Next up was the recent debt deal and its impact on the 10-year, the stock market, and the 30-year fixed.
From there, they move to the benefits of being a knowledge broker, the importance of cultivating a thorough understanding of the housing market at both the micro and macro levels, which segued nicely to their breakdown of the top five income-producing activities for agents.
Stay to the end to hear them all. And prepare to take notes.
Click on any of the timestamps below to watch:
01:01 May jobs report
03:25 Predictions on Fed moves in June and July
06:13 The U.S. debt deal
06:29 Reactions to the debt deal in the 10 year, stock market, and 30-year fixed
08:23 The benefits of being a knowledge broker
11:11 The Ivy Zellman quote and micro- + macro-level market knowledge
12:32 Logan Mohtashami Tweet on the 10 year & Lance Lambert on inventory
16:58 Competition for starter homes and public support for median priced new construction
24:06 Top five income-producing activities
27:08 #1—Have conversations with people—on the phone or in person
28:50 #2—Become a weekend warrior!
33:35 #3—Prioritize making conversations during the proper times (Harvard study)
37:38 #4—Get leads that you don’t have to pay up front for.
40:55 #5—Set, run, and execute on appointments
42:48 What’s not on the list
Click here to watch the full episode.
