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Real Estate Training & Coaching School

Listen NOW: Proof, Housing Bubble Is Deflating...fast.

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 26 July 2018

⏱️ 30 minutes

🧾️ Download transcript

Summary

A slew of figures released over the past three days gives ample evidence of at least a cooling. Existing-home sales dropped in June for a third straight month. Purchases of new homes are at their slowest pace in eight months. Inventory, which plunged for years, has begun to grow again as buyers move to the sidelines, sapping the fuel for surging home values. Prices for existing homes climbed 6.4 percent in May, the smallest year-over-year gain since early 2017, and have gained the least over three months since 2012, according to the Federal Housing Finance Agency. Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher

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.

0:21.2

Real Estate Coaching Radio is the nation's number one daily radio show for realtors

0:25.9

who demand authentic real-time coaching.

0:29.1

Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working

0:34.0

to get you into action, helping others, and making money now in today's

0:38.3

real estate market.

0:39.7

Now to our hosts, Tim and Julie Harris.

0:46.0

Welcome back to Real Estate Coaching Radio, guys.

0:48.6

We're going to pick up where we left off yesterday.

0:51.1

We're talking about the actual current state of the housing market.

0:55.0

We've been, I am hesitant to use the word warning, but we've been warning you that there was a correction that was going to come.

1:01.0

It was obvious to us a couple, three years ago, when we saw it really slowing down in New York City,

1:06.0

that it was going to spread across the rest of the country. It has. It pretty much has happened exactly

1:11.5

in the same order in which the slowdown happened in the previous market. The macro economic

1:17.3

conditions are different, but what's actually happening in the real estate markets is virtually

1:20.9

the same. And that's very fascinating because that creates an opportunity for all of us to be

1:25.9

relatively accurate in our predictions of what's

1:28.2

going to happen next and how long it'll take. So what Julie's going to do today, she and I, of course,

1:33.3

have been all over this. We pulled out some more statistical facts for all of you, and then I'm

1:38.7

going to be done trying to convince you. Okay. The next phase of what we're going to be focusing on

1:43.1

the podcast, and not necessarily

1:45.2

today, is going to be preparing all of you who basically had your heads in the sand. And if you

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