Has The Housing Market Officially Stabilized? | Knowledge Brokers Podcast 013

Byron Lazine, Tom Toole, and Lisa Chinatti discuss spring home shopping seasons past and present, the increase in pending home sales, Boomers vs Millennials, a tale of two housing markets, the best advice for agents in Q2, and the class action commissions lawsuit.

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Timestamps:

00:00–00:20 Intro

01:10 Mortgage rate stability and an increase in consumer confidence

03:00 Pending sales are up the most in the Northeast

05:10 Two different buyer mindsets

06:17 Boomers vs Millennials

10:04 Only 1% of sellers want agents to create videos (NAR)

16:25 Agents need to adopt ‘journey breath’ (or ‘relationship breath’)

23:11 Boomers and the tale of two housing markets

29:15 The California mansion tax

31:19 Best advice for agents in Q2

35:38 Thoughts on the class action commission lawsuit

44:00 A full episode on the value of NAR

Show Resources:

https://www.inman.com/2023/03/28/will-spring-be-a-bust-4-decades-of-housing-data-tell-a-complex-story/

https://www.inman.com/2023/03/29/will-an-inventory-shortage-stymie-spring-look-to-1994-for-a-few-clues/

https://www.housingwire.com/articles/low-inventory-a-challenge-to-housing-market-as-rates-decline/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXAPB9I50LOS#cxrecs_s

https://www.wsj.com/articles/home-prices-housing-market-trends-east-west-83c9eb56

https://www.inman.com/2023/03/27/great-reshuffling-winds-down-as-covid-hotspots-and-tech-hubs-cool/

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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/

#housingmarket2023 #housingmarket #housingmarketforecast