S2E51 Brian Buffini’s Bold Predictions: 2022 Mid-Year Update Part 1
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 28 June 2022
⏱️ 21 minutes
🧾️ Download transcript
Summary
In today’s challenging marketplace, real estate professionals need to know the facts if they want to succeed. In part one of this special two-part episode, Buffini & Company CEO Dermot Buffini interviews Dr. Lawrence Yun, Chief Economist at the National Association of REALTORS®, to separate the facts from the fiction and uncover what really lies ahead for real estate in the second half of this year.
YOU WILL LEARN:
- The current state of the real estate industry.
- Dr. Yun’s analysis of the market.
- Dr. Yun’s predictions for the rest of 2022.
MENTIONED IN THIS EPISODE:
The National Association of REALTORS®
Buffini & Company Real Estate Report
S2E44, How to Recession Proof Your Business
NOTEWORTHY QUOTES FROM THIS EPISODE:
“Even though sales are coming down because the buyer pool is shrinking, those who are still in the market are looking for that fresh inventory. And, when it shows up, they are ready to sign that contract immediately.” – Dr. Yun
“People should anticipate that the unit sales this year will be down about 13% from one year ago.” – Dr. Yun
“We don't have those risky mortgages which turned the market really bad back in 2008/09 period, so we can say it’s a soft landing.” – Dr. Yun
“There's still a pool of very strong, well-qualified people out there who need some help finding a great home.” – Dermot Buffini
“Successful REALTORS® really serve their clients’ best interests for the long haul.” – Dr. Yun
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Transcript
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| 0:00.0 | Monks looks to the future to meet your aspirations. |
| 0:04.0 | That's why we take time to consider those key themes that we believe will provide opportunities for the years ahead. |
| 0:10.0 | Looking forward in this way, rather than backwards, helps our search for those companies that will shape the future. |
| 0:16.0 | We think it's a better way to deliver returns you can look forward to. |
| 0:20.0 | Monks is managed by Bayley Gifford. |
| 0:22.0 | A key information document is available by visiting BayleyGifford.com. |
| 0:26.0 | As with any investment, capital is at risk. |
| 0:34.0 | Welcome to It's a Good Life Podcast where it's all about helping entrepreneurs think, feel and do better. |
| 0:41.0 | Here's your host, Brian Bafini. |
| 0:46.0 | Top of the morning to you and welcome to our mid-year Bowl Predictions update. |
| 0:50.0 | Lots of stuff in the air. Talk of recession. |
| 0:54.0 | We've had a lot of interest rate hikes. |
| 0:56.0 | Market slowdowns. Boy, the world must be coming to an end. |
| 1:00.0 | Well, today we have a neat format for you. |
| 1:02.0 | We're going to start off the day hearing an industry update from the CEO of Bafini Company, Dermot Bafini. |
| 1:08.0 | And then Dermot will be interviewing one of the top economists in the world, Dr. Lawrence Yoon. |
| 1:14.0 | To hear his perspective on where the market actually is. |
| 1:16.0 | Then I'm going to wrap up the broadcast today by giving you a recession-busting plan. |
| 1:22.0 | So you can prosper in your business and be a trusted source of information for your clients. |
| 1:28.0 | So let me introduce you to a man that some of you may already know. |
| 1:32.0 | My brother, Dermot. |
| 1:34.0 | So he's been the CEO of Bafini Company here for the past 10 years. |
... |
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