S2E153 My Bold Predictions: The Surprising News for 2024
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 12 December 2023
⏱️ 55 minutes
🧾️ Download transcript
Summary
Brian Buffini has forecast real estate trends and developments with incredible accuracy for many years. In his 16th annual Bold Predictions show, he interviews NAR Chief Economist Dr. Lawrence Yun for a market update. He also predicts what’s next for the industry and sets out the action steps you must take to achieve phenomenal success in 2024.
YOU WILL LEARN:
- The real scoop on the economy and how it affects real estate.
- Dr. Yun’s detailed analysis of the industry.
- How the Do It N.O.W. campaign will help you win.
MENTIONED IN THIS EPISODE:
The National Association of REALTORS®
NOTEWORTHY QUOTES FROM THIS EPISODE:
“Sales are definitely down, but home prices are still holding on at near record-high levels.” – Dr. Yun
“The Federal Reserve is probably going to cut interest rates three or four times. The bond market is anticipating that move and has pivoted already.” – Dr. Yun
“There's a significant pent-up desire for sellers to move.” – Brian Buffini
“90% of consumers want to work with a trusted agent.” – Dr. Yun
“Reach out to your past clients. They're all in a happy mood. They have built sizeable wealth and they may be associating that happiness with you.” – Dr. Yun
“It's not hard to predict the future when you study the past.” – Brian Buffini
“Rates are going to drop, no question about it.” – Brian Buffini
“The demand to buy has never been higher. And people want to get in the game.” – Brian Buffini
“The time to prepare is now.” – Brian Buffini
“It's a very fundamental market. It requires an elevation of skill set and it requires the determination of mindset.” – Brian Buffini
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Transcript
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| 0:00.0 | Welcome to It's a Good Life, the Podcast for Entrepreneurs, where it's all about growing |
| 0:07.7 | yourself and your business. |
| 0:09.7 | Here's your host, founder of America's largest business coaching company, Brian the Feeney. |
| 0:15.0 | Well, top of the morning to you and welcome to our 16th annual bold predictions show and we're going to cover things that we |
| 0:27.6 | normally cover but it has been an unusual year to say the least we're going to |
| 0:31.0 | cover a little bit of the state of the market. I'm really |
| 0:33.4 | excited to have for our sixth year in a row, Dr. Lawrence Yoon, the chief economist with NAR, |
| 0:38.5 | is going to be talking about the state of the industry. And then I'm going to spend quite a bit of time on predictions for |
| 0:43.7 | 2024 with a very particular plan for all of you. And so the first thing I just want to share |
| 0:50.0 | with all of you today is we're here for you. God bless you. It's been not the hardest |
| 0:55.1 | year I ever saw in real estate but I will say it's the craziest year I've seen in my 37 years |
| 1:00.8 | between what's happened with the market, the interest rates, the number of |
| 1:05.8 | transactions has fallen off a cliff, yet prices have stayed high. We've had the |
| 1:10.3 | lawsuits going on that's gotten a lot of publicity. |
| 1:13.5 | It's really been a challenging year. |
| 1:16.0 | And so first of all, if you're here today, you're practicing real estate, |
| 1:20.1 | I'm proud of you. |
| 1:21.0 | I'm proud of you for hanging in. I love real estate and I love real estate's people I am one myself. |
| 1:26.7 | We go to work every day with no promise of income. We go to work of every day and we're only as good as a |
| 1:32.1 | hundred percent success rate we have for our customers. |
| 1:35.0 | We fight for our sellers, we fight for our buyers, we try to get them into homes, we make the American |
| 1:39.9 | and the Canadian dream come true for people with no guarantees and it's a challenging |
... |
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