Are YOU Being Lied To About The Housing Market?

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4 • 705 Ratings

🗓️ 19 October 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

These are the questions that seem to be on everyone's mind: What is happening next for the economy and housing? Are we on an all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? Is the bubble bursting? Do you feel confused and stressed yet? This podcast will clear give you a clear sense of direction. Now, let’s drill down on what’s actually happening, what it means, and what you should do. Let's start with the fact that housing inventory is rising. The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently wreck the market. This is indeed a logical argument since it was a major factor driving the housing crash of 2008-2009. Too much supply and not enough demand turned the tables from boom to bust back then. It’s true that inventory has increased from an all-time low of 900,000 active listings in February 2022, up to a new high of 1.2 million listings currently. That’s an increase of 35.6% so far this year. What does that mean? Consider the fact that active listings peaked at 3.9 million in 2006. We have 2.6 million fewer than that peak. So this time is NOT just like last time. It’s very unlikely that we will all wake up to a sudden increase of 2.6 million listings. Join Tim and Julie Harris's Exclusive PREMIER COACHING 100% FREE: https://members.timandjulieharris.com LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING ANDhttps://bit.ly/3Obuhs2 COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh LATEST REAL ESTATE NEWS: EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. Tim and Julie are honored to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Tim and Julie's EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host, Tim and
0:28.3	Julie Harris. Welcome back. And today we're talking about why higher inventory won't crash the
0:34.6	housing market. As a matter of fact, the exact opposite as you were about
0:38.5	to learn is true. And before we get to our first point, I want to recognize all of you who have
0:44.5	just started listening to this podcast. It's kind of fascinating. We've been doing this podcast for
0:48.5	years and years. And matter of fact, this podcast has between what's available on iTunes and Stitcher and whatnot,
0:55.1	over 2,000 podcasts ready for you to download and listen to. But also, there's podcasts that
1:00.5	are available over on Tim and Julie Harris.com, which are, there's 3,000 additional podcasts
1:06.0	that are over there as well. So if you really want to binge, and I know some of you do,
1:10.1	especially in the weekends
1:10.9	or on long drives, there are your resources. Now, specifically from the last two days,
1:16.6	Julie and I were talking about how important it is that you select and you choose wisely who you
1:21.6	associate with, who you talk to, who you get information from during economic times or really,
1:26.9	I'd say just historic times like
1:28.5	we're living in. You know, it's kind of funny. Do you remember when the historic times, the black swans,
1:34.3	were the anomalies, like by very definition you never see a black swan? And now it's almost like
1:39.1	the normal times of the black swans. You know, it's almost like it's flipped. We seem to be going
1:42.9	from crisis to crisis to crisis. And you really got to wonder, how much of the crises thatans. You know, it's almost like it's flipped. We seem to be going from crisis to crisis,
1:44.9	and you really got to wonder how much of the crises that we're supposedly going from one to the other
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Estate Training & Coaching School, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Estate Training & Coaching School and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.