Don't Believe the Hype: Debunking Major Housing Market Myths

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 26 September 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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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? Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. 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://premiercoaching.com The housing market is filled with misconceptions that can cause unnecessary fear and confusion. Whether it's the idea of a looming housing crash, the belief that corporations are buying up all the homes, or misconceptions about credit requirements, these myths can prevent potential buyers from making informed decisions. Let’s debunk some of the most widespread falsehoods. Lie #1: First-Time Buyers Are Priced Out of the Market The Claim: Rising home prices and mortgage rates have made it impossible for first-time buyers to purchase homes. The Reality: Despite rising prices, first-time buyers comprise a substantial portion of the housing market. In 2023, 32% of all home purchases were made by first-time buyers. Government-backed programs like FHA loans require only 3.5% down and state-level down payment assistance programs make homeownership more accessible. The average mortgage rate is around 6% in 2024, which, while higher than pandemic lows, is still far below the double-digit rates seen in the 1980s. Special programs for teachers, police officers, firefighters, and emergency responders are available for 50% discounts off the list price. This is called the Good Neighbor Next Door Program. Find out what's available in your area here: here: https://www.hud.gov/program_offices/housing/sfh/reo/goodn/gnndabot HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.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. Welcome back. Another day, another podcast, and you're going to love today's topic.
0:36.0	I say that every day. You know, it's kind of funny.
0:38.4	I hope they love the podcast as much as we love creating the podcast for them.
0:42.9	Me too. It's kind of an affirmation for us, isn't it? It's going to be a great podcast.
0:46.2	It is. Well, but the reality of it is, is you and I spend a lot of time creating these topics
0:50.7	because we obviously want to give them the most drilled down information. We avoid our bloviation and opinionating, and we just like to use facts because we know a lot
0:59.4	of people use our notes from these podcasts for their own education, and then they go on to
1:04.2	educate maybe agents in their team or their brokerage.
1:06.3	And we always write these podcasts that you guys can use the notes for your social media. So if you
1:12.5	are looking for our notes from today's podcast, you'll not find them on iTunes, Stitcher, Spotify,
1:18.1	or all the other places our podcast is. You'll only find them in our newsletter. And you have to
1:22.3	subscribe. The good news for you is this free? Just go to Harris RuralestateDaily.com and subscribe to the newsletter and you'll get
1:29.0	the day's notes. You definitely want today's notes because it is perfect content for you to use on
1:34.6	social. The topic of today is don't believe the hype debunking major housing market myths.
1:42.7	Now, Julie and I were frankly doing a little bit of word judo
1:46.7	with whether or not we should call these myths or lies, and we decided to use the word lie. So,
1:51.8	these are myths that unfortunately have been spun to such an extent that I'm sort of tired of
1:57.1	calling the myths. At this point, people should know that they're just straight up lies,
	...

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