Breaking News: Is 2023 The Worst Year For Housing Since The Crash?

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? https://whylibertas.com/harris or text Tim directly 512-758-0206

With fewer transactions happening, skittish buyers and sellers, investors on the sideline, and a lot of uncertainty in the market, it's time to embrace the lead sources which are actually transacting!  

Projected home sales for 2023 have been revised DOWN to only 4.1 million. (may not include all transactions example: new construction). Home sales haven't been this low since 2008.

Good News: When the market returns (and it will) there will be a massive long-term surge. People are involuntarily on the sidelines. Remember what happened after frugality fatigue?

Bad News: We have at least another 6-12 months of this slog before there is a meaningful shift in the housing market. What to look out for Lower rates, more inventory, new construction starts, migration trends, and demographics. 

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://members.timandjulieharris.com

Rules for today's show:

1) Yes, of course, you can buy (mostly) buyer leads. The intent of today's podcast is to provide you with information that equips you to understand the nature of what type of client is actually transacting and how to work with them without paying referral fees. 

2) Please understand that people always need a place to live. With that understanding, people will always need to move up, move down...move for a job, move for financial reasons, etc. In this market, we are dealing with the HAVE TO level clients, not the WANT TO. 

3) Get used to this type of market. We are in a new market cycle that will last years. Stop waiting for rates to fall, and new homes to be built. You must bloom where you are planted. 

Let's start with a reality check. Yes, homes are actually selling.  Take a look in your MLS at your daily hot sheet for encouragement.  There are buyers who are buying and sellers who are selling! Many of you are having a fantastic year because you're taking action and being much more proactive.  If that doesn't describe you, or if you want to boost your momentum even further, today's show is for you!

These are the types of clients who are transacting now. 

Note: Flippers, vacation home buyers, recreational movers, new construction speculators are largely on the sidelines. 

Profiles of clients who are transacting now:

1.     Millennials.  First-time buyers with good credit, great jobs, ratios, and two incomes who aren't worried about the interest rate, figure they can refinance later and just want to buy a home.  Many of these buyers are buying new construction.

2.     Downsizing Baby Boomers.  Their homes are paid off, they aren't breaking up with a low-interest rate and they're paying cash for their next home, condo or assisted living.  The house is too big, taxes too much and they want to make a change.  Some are moving out of state (headed to Florida, Tennessee, and Texas mostly).   Don't forget to connect with an agent out of state for referrals!

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://members.timandjulieharris.com/

TIME CODES

00:00 - Intro
01:46 - 14 reasons
04:40 - Adjustable rate mortgage
08:59 - Big foreclosure
11:10 - Premier Coaching
17:05 - Rental properties
23:20 - Building equity
27:33 - Join Exp Realty
33:07 - Like and subscribe