Lack Of Homes For Sale! Stop The Insanity!

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 15 April 2021

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fact: There is very little cause to believe that this will change any time soon. Why? 1) Demographic demand. 2) Builders can't keep up. The cost of materials has tripled for lumber, increased 22% for steel and many manufacturers are behind on shipping critical components. From toilets to refrigerators, the creation and delivery of these items are behind. Even paint is hard to get. Nationwide, the average cost to build a house is up $24,000 on average. During the pandemic, many of the lumber producers dropped to 50% production in anticipation of the housing slowdown that never happened. 3) Inflation Hedge. Institutional investors are gobbling up anything under $200,000 and almost always paying cash. In Phoenix for example, fully 30% of recent sales have gone to investors, either iBuyers or small investors. Flippers are also buying in these price ranges. 4) The coronavirus pandemic is a short-term component stacked upon the long-term trend we discussed in the previous 3 points. People want more space, more privacy and now have the freedom to move markets. 5) Low interest rates continue to add fuel to the fire. 6) Record rates of savings in the US and a huge number of all cash transactions. Schedule A Free Coaching Call Listen on iTunes Listen on Spotify Listen on Stitcher

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, make more money,
0:22.8	and have more time for what you love in your life.
0:26.0	And now your host, Tim and Julie Harris.
0:35.2	Three, two, one, and we're back, Julie.
0:37.1	It is April the 15th. Dum-d dumb tax day or everybody's on top of it
0:42.9	or in the real estate industry it's officially called the tax extension filing day extension day
0:47.8	extension day which by the way unless the law has changed i believe you actually can get an
0:52.2	extension through october the 15th correct as far as i Yeah. So just maybe want to keep that one in mind. Let's talk about something that will helpfully motivate you guys. Obviously, we're dealing with a huge national, and let's just call it what it is, a shortage
1:13.9	of inventory of homes for sale.
1:15.5	Everyone's talking about this.
1:16.6	This is not new information.
1:18.3	And we've talked about why this is happening.
1:20.4	You know, Julie and I have been drilling down probably for the last 18 months, explained to you
1:26.1	what was going on.
1:26.8	A lot of people thought it was just interest
1:28.2	rates. It's not just interest rates. We're going to talk about specifically why. There is going
1:33.4	to be a shortage of inventory for quite some time to come, which hopefully will throw more logs
1:38.4	on the motivational fire for you guys to pivot and become listing agents. If you thought it was
1:43.7	frustrating being
1:44.4	a buyer's agent last year, just wait until this year. It's going to be far more frustrating.
	...

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.