Right now the industry is in a place where we don’t know for sure if interest rates are going to keep going up, flatten out or go down. You might be getting questions from clients like, “is now a good time to buy? And, “It seems like prices are overheated, am I going to lose money?”
Click the flash-player below to listen now:
Today we speak with Josh Lewis. He is with Buywise Mortgage, which is also Scott’s company. And Josh is one of the smartest people in the mortgage industry. He is actively paying a lot of attention to the real time data and has become a trustworthy voice in the real estate industry. He also hosts a weekly podcast on this topic and it goes really in a depth.
We’re going to try to bring some of Josh’s knowledge to our own show so that you can learn about this business as well. Consider what’s shaping it and how to feel about it as it evolves, as you’re putting your sales and marketing strategy together.
There are lots of numbers associated with buying a home—so many that even seasoned buyers will look at them all with tired eyes. But one thing about this business is that if you know what all those numbers mean and how they relate to each other, you’re way ahead of the game.
Episode Highlights:
00:00 Introduction
3:02 Why interest rates are not going to keep going up in 2021
9:54 Is the inflation people are worried about because the country was artificially shut down?
11:42 The market is too crazy right now. Should your clients wait to buy?
19:42 What is the buy vs. rent situation in the current market
26:05 The relationship between the value of a home and the market’s median income
29:08 Why are first time buyers having so much trouble
33:53 Where can people go to figure out their best option to buy a home in this market
40:17 Who are the experts to follow?
44:26 How high will interest rates go? How low will interest rates go?
48:22 Why you should be talking supply vs. interest rates with first time home buyers
51:45 Never pay for a mortgage
Resources:
MobilityRE: https://www.mobilityre.com/
Ways to connect:
Facebook: https://www.facebook.com/groups/marketingtrench
Website: https://www.marketingtrench.fm/
Connect with Josh Lewis:
YouTube: https://www.youtube.com/c/FindMyWayHome/featured
Email: josh@buywisemortgage.com
Connect with Ricardo Bueno:
Website: https://www.ricardobueno.com
Instagram: https://www.instagram.com/ribeezie/
Twitter: https://twitter.com/ribeezie
Connect with Scott Schang:
Linkedin: https://www.linkedin.com/in/scottschang/
Facebook: https://www.facebook.com/scottschang
Twitter: https://twitter.com/scottschang
Connect with Dustin Steeve:
Linkedin: https://www.linkedin.com/in/dustinsteeve/
Website: https://www.lighthouseescrow.com
Instagram: https://www.instagram.com/dustinsteeve/
Other Ways To Listen In:
- Click here to download the mp3 (Right click and hit “save link as”)
- Subscribe via email
- Subscribe via iTunes
- Subscribe via RSS
Leave a Reply