For this week’s Knowledge Brokers Podcast, Byron Lazine and Tom Toole discuss, first of all, declining mortgage rates in the wake of the bank collapse and, adjacent to that, the upcoming FOMC meeting and why the Fed should keep the interest rate flat for now. Next up was a Fortune Magazine article on accidental landlords, followed by some advice for agents on how to give buyers, sellers, and real estate investors an edge in today’s market. The conversation then turned to the best way to fight inflation and what it would take to make that happen. The final topic was the increase in housing starts in February and what that means for the overall housing market in 2023. For another bit of good news, Lisa Chinatti will be back on the pod with Byron and Tom next week!
https://www.youtube.com/watch?v=xT-4UhuVdS4
Click on any of the timestamps below to watch:
01:30 Falling mortgage rates amid banking turmoil
04:57 Who’s to blame?
08:46 How the housing market reacted
10:08 Why the Fed should leave the interest rate as it is (no hikes or cuts)
12:40 Smart investments for 2023
13:41 Accidental landlords
16:51 “When you hit 6.5%, the demand picks up.”
18:45 Data vs. drama: What top agents do when the going gets tough
24:34 “At 5%, we’d free up inventory, which is what we need…”
26:27 Some basic skills on how to work with investors.
30:26 Use spreadsheets to calculate investments (ROI for multiple scenarios)
35:20 The biggest opportunity for agents to work with investors
36:51 Housing starts are up (and what this means)
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