On this episode of the HyperFast Agent podcast, guest Karl Svendsen returns for an update on how inflation is affecting the actions of the Federal Reserve, their interest rates hike, and how that has an impact on mortgage applications and home buying. In his role, he advises agents on how they can set and manage expectations for their business and their clients as interest rates and mortgage rates fluctuate.
Join Guest Karl Svendsen and Host Dan Lesniak as they discuss…
∙ The difference between the Producer Index and the Consumer Price Index (CPI).
∙ How real estate has done when the Federal Reserve hikes interest rates.
∙ How the market implications are different depending on the kind of property and down payment.
∙ How agents can set expectations for buyers depending on closing time frame and risk threshold.
QUOTES TO SHARE
💬 “As costs go up, producers usually charge more to the consumers. And as costs come down, not always, but they usually pass those savings on to consumers as well.” - Karl Svendsen
💬 “The two asset classes that performed best were real estate and long term bonds.” - Karl Svendsen
💬 “When people get a more certainty that the hikes are done, that's the spread probably will collapse a little bit.” - Dan Lesniak
💬 “I've been seeing that there's like a lot of fear mongering going on with the media.” - Karl Svendsen
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