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Real Estate Training & Coaching School

Breaking News: Is 2023 The Worst Year For Housing Since The Crash?

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4705 Ratings

🗓️ 3 August 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 With fewer transactions happening, skittish buyers and sellers, investors on the sideline, and a lot of uncertainty in the market, it's time to embrace the lead sources which are actually transacting!   Projected home sales for 2023 have been revised DOWN to only 4.1 million. (may not include all transactions example: new construction). Home sales haven't been this low since 2008. Good News: When the market returns (and it will) there will be a massive long-term surge. People are involuntarily on the sidelines. Remember what happened after frugality fatigue? Bad News: We have at least another 6-12 months of this slog before there is a meaningful shift in the housing market. What to look out for Lower rates, more inventory, new construction starts, migration trends, and demographics.  IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com Rules for today's show: 1) Yes, of course, you can buy (mostly) buyer leads. The intent of today's podcast is to provide you with information that equips you to understand the nature of what type of client is actually transacting and how to work with them without paying referral fees.  2) Please understand that people always need a place to live. With that understanding, people will always need to move up, move down...move for a job, move for financial reasons, etc. In this market, we are dealing with the HAVE TO level clients, not the WANT TO.  3) Get used to this type of market. We are in a new market cycle that will last years. Stop waiting for rates to fall, and new homes to be built. You must bloom where you are planted.  Let's start with a reality check. Yes, homes are actually selling. Take a look in your MLS at your daily hot sheet for encouragement. There are buyers who are buying and sellers who are selling! Many of you are having a fantastic year because you're taking action and being much more proactive. If that doesn't describe you, or if you want to boost your momentum even further, today's show is for you! These are the types of clients who are transacting now.  Note: Flippers, vacation home buyers, recreational movers, new construction speculators are largely on the sidelines.  Profiles of clients who are transacting now: 1.   Millennials. First-time buyers with good credit, great jobs, ratios, and two incomes who aren't worried about the interest rate, figure they can refinance later and just want to buy a home. Many of these buyers are buying new construction. 2.   Downsizing Baby Boomers. Their homes are paid off, they aren't breaking up with a low-interest rate and they're paying cash for their next home, condo or assisted living. The house is too big, taxes too much and they want to make a change. Some are moving out of state (headed to Florida, Tennessee, and Texas mostly).  Don't forget to connect with an agent out of state for referrals! IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com/

Transcript

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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. Hey, we are back. And listeners, Julie and I have a question for you that we'll answer

0:33.9

here shortly. And the question is, is 2023 the worst year for housing since

0:39.6

the real estate crash? And of course, the real estate crash would have been before many of

0:43.8

your times in real estate. I know. It's true. So for those of you who don't know, didn't live through

0:48.2

it or aren't quite sure exactly what we're referencing, that's about 2006 to about 2009.

0:53.1

I think the worst of it was between 7 and 08,

0:56.2

known as the great housing crash and also the Great Recession. So before we get to our first

1:00.4

point, and we're going to give you guys a lot of valuable points and information today,

1:04.6

you know, just we're going to start out with the bad news, the good news and the bad news,

1:08.1

and then we're going to get into the meat of it. But really what we're focused on is the fact that despite the fact that housing news,

1:13.9

at least on the surface, looks pretty dire.

1:15.9

The reality of it is, is there's still millions and millions of transactions happening.

1:19.1

You just need to essentially change your frequency so you are focused on where the action is

1:23.7

happening.

1:24.3

Along those lines, how many of you are still waiting on the sidelines yet to

1:28.0

join us with Premier coaching? Premier coaching is perhaps the nation's number one selling coaching

1:33.8

and training program for real estate agents that includes a daily semi-private coaching call.

1:38.2

That's right. You will be able to receive a direct coaching call with one of our Harris

...

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