Home Interest Rates & Your Database! #tomferryshow

The Tom Ferry Podcast Experience

Tom Ferry

Education, Business, Self-improvement

4.7 • 1.1K Ratings

🗓️ 13 February 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Home interest rates are taking a turn, and for you, this is a huge opportunity! If you tuned in to my recent BIG Kickoff webinar, you might remember myself and David Childers calling this year “The Year of the 5.” That’s because we’re predicting that home interest rates are going to drop to 5%! Beautiful right? Absolutely, but what does that mean for you as a real estate agent? In this episode of the Tom Ferry Show, I’ll show you why 5% home interest rates mean that you need to be doubling down on your database and sphere. I’m sharing some strategies and info for touching base with past clients to generate repeat and referral business all year long, so watch or listen here!

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Tom Ferry Show.
0:04.0	Welcome back to the Tom Ferry Show.
0:07.0	Episode 288, it's 2024 and it's the year of the five.
0:12.0	So I had a great conversation a couple weeks back. It's the Year of the Five.
0:12.6	So I had a great conversation a couple weeks back
0:15.1	with my dear friend Steve Harney,
0:16.9	you know David Childers, CEO,
0:19.3	founder of a little company called Keeping Current Matters.
0:23.4	And when we spoke with a couple of weeks ago, about 4,000 agents on a kind of kick off the new year,
0:28.8	maybe you were with us.
0:29.8	If you were with us, let me know in the comments.
0:32.4	We talked about basically 2024 being the year of the five.
0:35.1	And what does that mean? What does that mean in the US? That means we're expecting interest rates
0:40.4	in the fives, call it June July of this year, we're also looking at 5.5 million homes sold.
0:48.6	That's 11 million units, that is geometrically better than 2023 and we know all the reasons why.
0:54.4	We know it's because of the rates, we know it's because of pent up demand, and you know what?
0:58.8	Nothing but opportunity.
0:59.9	This is going to be a banner year, so 5% interest rates, 5.5 million individual units sold, and the third part of
1:07.9	that is we're expecting about 5% across the board appreciation. Now I know it's going to be different market by market,
1:14.0	but that in and of itself is a very encouraging thing.
1:17.0	Now, the reason why I bring this up to you is,
1:20.0	starting back with the Tom Ferry show,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Tom Ferry, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Tom Ferry and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.