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Real Estate Training & Coaching School

Real Estate Coaching | Shifting Market, Inflation, Recession

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, News, Business News, Careers

4.7669 Ratings

🗓️ 5 April 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

How to handle the shifting market...  Are we headed for a recession? Stagflation? How will rising interest rates affect the real estate market?  These are the questions we know are on your mind. According to Social Capital's Chamath Palihapitiya on the All-In Podcast, any time that energy prices have jumped by 50% or more in the last hundred years, a recession has followed. We have had an 86.4% increase year over year in oil prices.   URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register https://timandjulieharris.com/webinar-reservation.html P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.  Additionally, the Federal Reserve plans to increase interest rates (we've already seen this and they say there's more to come). This is to combat inflation, which is at least at 8% currently. So maybe we are headed for a recession. Fortunately, you have a real estate license so no one can make you unemployed. What is stagflation?  This is what central banks fear the most because it doesn't have a clear resolution. Stagflation refers to a toxic combination of rising prices and negative gross domestic product. That combination creates economic stagnation. How will you be affected and what should you do about it NOW? 1 - Monitor your mindset. If you're spinning in a stew of negativity, uncertainty, and indecision, you're not going to get into action. Make the decision to create your own success by helping as many buyers and especially sellers in a shifting market. 2 - Keep yourself Media Free. Go on a Dopamine Fast. Cut yourself off from anything except the most curated podcasts which support your mindset, your business education, and other interests that make sense for you. Quiz:  Please choose one answer: 1) I am ready to join EXP Realty.  2) I am interested in EXP Realty and need more info.  3) I am not interested in EXP Realty.  Key: * If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please) * If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris .  * If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP.  3 - Accept and embrace the fact that you will need to make more contacts in more areas (spokes on your income wheel) in order to meet or exceed your goals this year and next. More proactive lead generation more consistently will ensure your success. There's no time for laziness or complacency in a shifting market. 4 - Stop leading every conversation with 'did you see what mortgage rates are doing?'  25% of transactions in the past year were all cash. Everyone else buys based on payment. If that means your buyers spend $50,000 less than they would have, that's up to them, not you. Lenders will react by reviving the 80/10/10 loan, 5-1 arms, 3-1 arms (adjustable rate mortgages), keeping rates lower in the first few years of the loan.

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,

0:27.7

Tim and Julie Harris. Welcome back. We've got a great topic for all of you today. And this topic is

0:34.4

sponsored by fear. Yes.

0:43.1

Fear is today's show sponsor and we are reacting to this based on some of the communication we've been receiving from a lot of you.

0:45.4

And frankly, a lot of the other things that we've been seeing boil up over on Inman,

0:49.9

over on just different chat boards and whatnot.

0:52.3

A lot of folks not understanding how to actually translate,

0:56.2

in understandably so, by the way,

0:58.1

because it is confusing, how to understand what inflation means,

1:01.0

what a recession means, what stagnation means,

1:03.2

what increasing rates mean,

1:05.0

and how is it going to affect not just your real estate business

1:07.8

for your life in general.

1:09.2

So what Julie and I are going to do is attempt to clear the air about all these topics and reinstill or instill confidence in you

1:17.2

because the reality of it is, as all of these things are, though relevant to the real estate

1:22.5

industry, you will soon discover, are going to in many ways make the real estate industry

1:27.4

on a whole. And we're going to give in many ways, make the real estate industry on a whole.

1:28.7

And we're going to give you the counter punch to what we're saying, the counter perspective.

1:32.8

We're not just going to assume that we're right.

...

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