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Real Estate Rockstars Podcast

SOTM 51: Home Sales Surge Thanks to Record-Low Rates with Pat Hiban

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6864 Ratings

🗓️ 2 July 2020

⏱️ 41 minutes

🧾️ Download transcript

Summary

While many businesses are struggling due to COVID-19 restrictions, the real estate sector is, for the most part, still running strong. On today’s State of the Market podcast with Pat Hiban, we discuss how record-low rates have sparked a surge in home sales and created wider margins for lenders. We also cover a class-action lawsuit brought against Matterport, the industry leader in 3D virtual tours. Plus, we share how asking for mortgage forbearance can negatively impact your credit report. Get Instant Access to Hundreds of Free Real Estate Tools Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info

Transcript

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0:00.0

As agents this is an opportunity to make hay when the sun shines like the

0:08.0

article about the lenders and sell as many houses as you can be aggressive as you can, be aggressive as you can, work as hard as you can, just in case, you know,

0:17.6

just in case you go a couple months next year without any commissions.

0:36.3

How do most agents who don't have access to the secrets that the top agents in our industry hoard to themselves grow and prosper in today's real estate environment? That's the question and this

0:40.7

podcast is the answer. I'm Pat Hyman and welcome to real estate rock stars. Rockstar Nation, Nation, this is Aaron Mucha Stegi. I am back with everybody's favorite

0:58.2

host, Pat Hybin, for State of the Market, to catch up and see what is going on.

1:02.8

Today's the last day of June,

1:05.3

and what a wild like second quarter of 2020.

1:08.8

It's been.

1:09.1

When we think about like news as we try to share the news,

1:11.8

think about this, like all the craziness that we're living in right now started like a hundred days ago

1:17.6

like I never I'm yeah I'm gonna yeah I think Patrick's days what I remember yeah like four or five months ago Pat you and I were on here in like

1:25.2

early February we were reading a headline about like could coronavirus cause any damage and we were

1:31.3

kind of like reading that article and this was a month before hit the

1:34.7

U.S. Yeah we thought it was gonna you know we thought the worst right we thought the companies

1:40.9

were gonna be shutting down. Yeah yeah even the time when we talked about it, we were like, this could be a big deal.

1:46.0

We don't think enough people are talking about it.

1:48.0

It could be a big deal.

1:49.0

And the, but even though, even though we were thinking, the funny thing is we were thinking like it was

1:53.4

detrimental and it was the worst but I didn't think it was going to get this bad like I

1:56.3

thought it was going to be horrible but I didn't think it was going to be like this big

1:58.8

of a shutdown on stuff and I mean it's I think everybody guessed or not the the businesses that got

...

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