- Learn about the Fed rate and what it means for real estate.
- A 0.25 percent increase isn't enough to significantly change interest rates.
- Be the authority. Call your clients, and let them know you are here for them.
As Realtors, our job is to educate our clients, and that means learning about things that aren’t in your wheelhouse.
A 0.25 basis point move is not enough to significantly change interest rates. Could they move? Sure. Should they move? Yes. We have a whole generation that thinks 3 percent is normal, and it’s just not. The Fed rate and saving rates need to move for the good of the economy.
So right now, you should call your clients, and let them know what’s happening. Make it clear that you’re there for them because they might be slightly panicking.
Leigh Brown is a full-time residential Realtor, speaker, coach and smartass. She works in the Charlotte NC market with Re/Max Executive Realty and can be reached @leighbrown on all networks.