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Real Estate Training & Coaching School

Urgent Alert: 9 Facts Why A New Housing Boom Has Arrived!

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 5 April 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

With a quarter of 2024 already behind us, it's time to take stock. Are you on track with your goals, or do you need to make adjustments? Whether you're on track, ahead, or behind, here are nine reasons to feel excited, motivated, and ready to conquer the rest of the year. Get ready—it could be your best year yet! Welcome back to America's #1 Daily Podcast,  featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris?  Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://premiercoaching.com 1. Home Sales Are UP! February brought a pleasant surprise in the real estate market as existing home sales surged by 9.5% month-over-month to reach a seasonally-adjusted, annualized rate of 4.4 million units. This remarkable uptick marks the highest level recorded since March 2023. HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.com/ 2. Prices are UP! Alongside the increase in sales, the median sales price also saw a notable rise, climbing by 1.4% month-over-month and 5.8% year-over-year to reach $384,500. These figures, released by the National Association of Realtors (NAR), indicate a robust and dynamic housing market, reflecting increased demand and rising home values." 3. National inventory levels are on the rise. Based on data from Realtor.com's residential listing database, active inventory in March 2024 increased by 4.5% month-over-month (MoM) to reach 695,000 units—an impressive 23.5% surge year-over-year (YoY)! REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, alltheleads.com/harris Additionally, new listings saw a substantial uptick, jumping by 16.6% Month over Month and showing a notable 15.5% year-over-year increase. This surge in available properties indicates a trend towards more opportunities for potential buyers, potentially leading to increased property sales. 4. Cash Deals. According to data from the Realtors Confidence Index, the real estate market witnessed fierce competition and a surge in cash transactions in February. A remarkable 56% of homes sold during the month were on the market for less than a month, up from 53% in January. Furthermore, 20% of homes were sold for more than their listing price, marking a notable rise from 16% in the previous month. Perhaps most strikingly, a staggering 33% of transactions were completed entirely in cash. These statistics, provided by the National Association of Realtors (NAR), underscore the intense competition and prevalence of cash offers in today's housing market." 5. No Crashing Prices. Price growth has taken an unexpected turn. After experiencing slight decreases of 0.1% month-over-month (MoM) for two consecutive months, CoreLogic's national Home Price Index surged by 0.7% MoM in February, exceeding its initial projections significantly. Previously, CoreLogic had anticipated 2.5% price growth over the next 12 months, but its latest forecast now predicts a more robust 3.1% increase. Time to get to work! Are you on track, ahead, or behind with 25% of 2024 behind you? If you're in momentum, join Premier Coaching to stay in momentum. If you're off track or unsure of your future this year, join Premier Coaching!

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, Tim and

0:28.3

Julie Harris. Urgent alert. Nine facts. Why a new housing boom has arrived. And we've got

0:35.7

some fantastic news to share with all of you a lot of you

0:38.8

like the podcasts we're doing um of this week and last week we're focused on the fact that we do believe

0:43.9

that 2024 is the start of what will be very much a long-term housing boom and now julie has spent

0:51.0

hours indeed digging up actual nine facts.

0:55.4

Now, we have created this so that you can share it with everyone that you know.

0:59.2

Obviously, consumers, buyers and sellers, but also other real estate agents.

1:03.4

Now, all of our notes are available to all of you, Julie's long form notes, are available

1:08.7

only to newsletter subscribers.

1:10.9

So just go to Harris Real EstateDaily.com and register Harris Realestatedaily.com.

1:16.8

48 of you registered yesterday.

1:18.7

And I think we're getting, I don't know, it's building by thousands per month.

1:22.2

And that's great.

1:23.2

These are going to be newsletters that Julie and I are going to fill with information that's

1:27.7

only going to be for newsletter subscribers.

1:29.9

For example, after I'm done with the podcast today, I'm doing two interviews with really

1:35.3

truly influential top producing agents in the country.

1:38.2

And we've got a lot more stuff that's going to be coming your way exclusively for newsletter

...

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