- You can pretty much close the book on the foreclosure crisis.
- The investor market is on the decline.
- We're seeing weakness in two sectors of the economy that mostly impact the highest price points: the luxury market and foreign buyers.
Maybe you’ve heard the rumors — the stock market is “iffy,” foreign buyers are down, and the real estate market is bound for collapse.
Today we’re joined by Jonathan Smoke, chief economist for realtor.com, as we take a deep dive into the market and economic trends driving today’s real estate economy.
For agents, this is must-listen episode because the demographics of real estate buyers and sellers are changing. Smoke is going to walk us through what this means from an agent perspective and how agents use grow their business by focusing on the groups of people making today’s transactions.
We’re also going to be discussing the rumors of a real estate market crash driven by stock-market uncertainty. On this point, Smoke is adamant: the market is great, the fundamentals are solid, and the stock market is not the negative influence that the doomsayers are worried it could be.
Subscribe to Tim and Julie Harris’ podcast on iTunes. To learn about the topics we discussed in today’s show, join our next group-coaching event.
Tim and Julie Harris have over 20 years’ experience in real estate. Learn more about their real estate coaching and training programs at timandjulieharris.com, or schedule a free coaching call with them at freecoachingcallsforagents.com.