This week, Byron Lazine and Nicole White discuss PPP loans, record-setting levels of home equity and a Montana Marketeer.

In a shifting real estate market, the guidance and expertise that Inman imparts is never more valuable. Whether at our events, or with our daily news coverage and how-to journalism, we’re here to help you build your business, adopt the right tools — and make money. Join us in person in Las Vegas at Connect, and utilize your Select subscription for all the information you need to make the right decisions. When the waters get choppy, trust Inman to help you navigate.

Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.

Byron Lazine and Nicole White began this week’s episode with a discussion of Inman’s recent article on how real estate agents received billions in PPP loans during the pandemic. While loans were typically small, and forgiven, many agents made 6- and 7-figure salaries during the year that the PPP money was forgiven.

Lazine and White both said that they took PPP money and that, like many agents, in March, April and May there was tremendous uncertainty about the future of markets and the economy.

Next, Lazine and White discussed the Q1 2022 rise in US homeowner equity by $1.2 trillion, according to an analysis by mortgage software and analytics firm Black Knight. This number measured the amount of “tappable” equity — defined as equity above 20 percent of the home’s value — at $11 trillion.

Lazine said this is why homeowners have so much more wealth than renters, and this is a number that agents should be putting out to every renter in their markets. However, he believes that current market shifts and hiring freezes could lead to homeowners putting more homes on the market, increasing inventory and weakening home values.

Marketeer of the Week

The Marketeer this week is the Paramount TV show Yellowstone which has driven an influx of wealthy newcomers moving to Montana. This is driving up prices and pricing some lifetime residents out of the housing market.

Lazine and White are both fans of the show, and Lazine said that the beauty of the show makes him want to visit, as well. White said this would be a good time for investors to open Airbnbs in Montana.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×