Was Powell’s Speech Actually POSITIVE?

Tom Toole and Lisa Chinatti discuss the drop in mortgage rates after the Fed’s latest rate hike, whether Powell’s speech was actually positive, the April monthly housing report trends, and Q2 strategy advice for knowledge brokers.

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This week on the Knowledge Brokers Podcast, Tom Toole and Lisa Chinatti discuss the latest in housing market news, starting with whether the market is stabilizing.

From there, they turn to predictions on mortgage rates and inventory and whether or not Fed Chairman Jerome Powell’s speech at the May 3rd FOMC meeting was actually positive.

Lisa mentioned the widespread lack of affordable childcare and how that is impacting people she knows who would otherwise return to the job market. Then the conversation turned to bigger companies feeling the pinch in the real estate market, expenses that can be trimmed (and those that shouldn’t), and Q2 strategy advice for knowledge brokers.

Stay to the end to hear Lisa’s and Tom’s predictions on who will win at golf at today’s Marketing Mastermind (Byron Lazine, The Broke Agent, or Dan Oneil).

Click on any of the timestamps below to watch:

00:00–01:27 Intro

01:27 Is the market stabilizing?

03:08 Why agents should be reading LM’s HousingWire Market Tracker on a weekly basis

04:53 Predictions on the stability of mortgage rates

07:47 Inventory predictions and total listing count (Realtor.com)

10:50 Pending listing count (Realtor.com) “We’re coming off these highs…”

12:26 Reactions to Jerome Powell’s speech at the FOMC meeting (05.03.23)

20:39 Widespread lack of affordable childcare

25:09 Bigger companies feeling the pinch in the real estate market

30:20 What expenses can be cut—and the cost of “shiny object syndrome”

33:29 Q2 strategy advice for knowledge brokers

38:22 Predictions on who will win at golf at the Marketing Mastermind

Click here to watch the full episode.

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About the Author

BAM Staff

Real estate may be all about location, location, location, but we know that content is king! That's why we have an army of talented writers behind the scenes, crafting posts like this one to help you navigate the ins and outs of the industry.

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