In this episode of the HyperFast Agent podcast, host Dan Lesniak suggests that real estate agents should be asking whether or not this will be a short spring market. With so much economic uncertainty, we can’t be complacent and think that the hot market at the beginning of 2023 will continue. With the Fed hiking interest rates again, mortgage rates have gone up and mortgage applications have come down. In many places, we could be looking at a shorter spring market. So what should you do to prepare? Dan suggests watching your budget and reducing your expenses. One way agents can reduce expenses is by paying less expenses to their broker and joining eXp Realty. Tune in to learn more!
Join Host Dan Lesniak as he discusses…
∙ The recent rate hikes by the Federal Reserve and how it has resulted in fewer mortgage applications.
∙ Why many geographic areas should prepare for a short spring market.
∙ The importance of watching your budget, avoid creep, and reduce expenses.
∙ One way to reduce expenses is to pay your broker less money.
QUOTES TO SHARE
💬 “Inflation wasn't coming down as fast as the Federal Board liked” - Dan Lesniak
💬 “Mortgage rates have gone back up to the mid 6’s, high 6’s even” - Dan Lesniak
💬 “If there's less deals, there's gonna be more competition for agents to get those deals.” - Dan Lesniak
💬 “Make sure you're being smart on watching your budget.” - Dan Lesniak
If you are ready to join eXp realty and would like Dan Lesniak To personally sponsor you so you have access to two nationally recognized coaching programs text 703-638-4393.