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Hustle Humbly Podcast

140: Weathering Changes in the Market

Hustle Humbly Podcast

Alissa Jenkins & Katy Caldwell

Entrepreneurship, Business

4.9914 Ratings

🗓️ 11 April 2022

⏱️ 55 minutes

🧾️ Download transcript

Summary

Real estate markets are constantly shifting, and learning how to handle those changes is an essential skill for every agent. In this episode of Hustle Humbly, we talk about weathering changes in the real estate market and what we can learn from past economic downturns.

We're joined by industry veteran Connie Kyle, who has spent more than four decades in real estate and has successfully navigated multiple recessions. Connie shares firsthand insight into how agents adapted during challenging times and why real estate continues moving even during economic uncertainty.

This conversation highlights the importance of preparation, financial discipline, and market knowledge when facing changes in the real estate market.

In this episode, we cover:

- Why real estate markets naturally cycle through highs and lows
- What the housing market looked like during the 1980s recession
- How agents handled interest rates reaching 17.5%
- Creative financing solutions used during tough markets
- The impact of bank-owned properties during past downturns
- Lessons from the 2007–2010 Great Recession
- How short sales dominated many markets during that time
- Why the COVID-19 recession created a very different housing response
- How low interest rates drove massive buyer demand
- Why inventory shortages became the defining challenge
- The importance of financial preparation for agents
- How education and adaptability help agents survive market changes

Weathering changes in the real estate market requires perspective and preparation. While every recession looks different, one truth remains the same: people will always buy and sell homes.

By staying informed, managing finances wisely, and adapting to changing conditions, agents can continue building successful careers no matter what the market does.

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Transcript

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0:00.0

Y'all, the wait is over! Black Friday Deal Week is here!

0:06.0

It's time to snag all the hustle-humbly goodness you've been eyeing.

0:09.5

Just head over to our website for the exclusive savings.

0:13.0

This is our biggest sale of the year, perfectly time to help you prepare for a prosperous 20-25.

0:19.5

Now is the time to get the tools you need to put systems in place

0:22.8

and run your business more efficiently. Don't miss each day's deal. Visit Hustlehemblypodcast.com

0:29.5

slash deals and start shopping now. That's Hustlehemblypodcast.com slash deals.

0:42.5

We went to 17.5% in the rest of it.

0:53.5

Let me know if you ever come across a good deal and I just tell them, okay, I'll add you to the list of a hundred other people that have ever mentioned that before. I think 90s were one of the,

0:56.8

I'll use the word comms, real estate. Sounds like a lovely time. It was a lovely time in real estate.

1:03.9

Hi y'all. Welcome to Hustle Humbley. It's Alyssa and Katie and we are two top producing realtors in

1:08.6

the Baton Rouge market. We work for two different companies where we should be competitors,

1:12.4

but we have chosen community over competition.

1:14.6

The goal of our podcast is to encourage you to find your own way in business.

1:18.3

So stop comparing yourself and start embracing your strengths.

1:22.1

Okay, this is episode 140.

1:25.6

I am interviewing my managing broker, Connie Kyle, solo, without Katie today.

1:32.3

Because Katie is still struggling with her back issues. And so it's just me and you, Connie.

1:38.2

Okay, sounds great. Whenever I told Katie that I wanted to do an episode talking about recessions, not just Katie,

1:47.5

but a lot of people that I mentioned it to were like,

1:50.0

why the market is so good right now?

1:52.5

Everything is booming.

...

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