Podcast appearances and mentions of lance lambert

Keith shares some historical perspective on inflation highlighting the cost of a Taco Bell meal in 1999 to its cost today. He also touches on the concept of service inflation, where services like mail delivery and self-checkout at grocery stores have become less convenient but not cheaper. Keith reviews the historical performance of real estate during the last eight recessions, noting that housing prices usually rise during recessions. He explains the concept of the Inflation Triple Crown: asset price inflation, debt debasement, and cash flow enhancement. Housing prices usually rise during recessions, as demonstrated by historical data. Resources: To learn more about the Inflation Triple Crown go to: getricheducation.com/itc. Show Notes: GetRichEducation.com/547 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, is higher inflation or even hyper inflation now in our future, and is an imminent recession, or even worse, a depression lurking. What's it all mean for your investments and your real estate? We'll investigate exactly what happens to real estate during recessions, historically today, on get rich education,   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold rights for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:19   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:35   Welcome to GRE from Hartsdale, New York to Springdale, Utah and across 488 nations worldwide. I'm Keith Weinhold. I think you know that by now, you are inside one of America's longest running and most listened to real estate investing shows. This is get rich education. Most people have two plans. Plan a get rich. If that doesn't work out, the alternative is Plan B, which is hate rich people.   We are firmly rooted in plan a for you here. So yes, we're about building your wealth, but ultimately we are a lifestyle improvement show. I'm going to get to high inflation and the potential for a recession or depression in just a minute. But I recently got a reminder on the fragility of life and its finite nature. My oldest friend recently died. He was almost like a mentor to me, a friend of mine's grandmother recently died, shattering her world, and it's a reminder that you won't be remembered for the money that you make. You won't even be remembered the real estate portfolio that you build. I mean, that surely won't last. The tennis that you serve, they'll die as well. I will be forgotten. This show will be forgotten. The people that love you, their opinions will die with them. Your Haters, their opinions will die with them. You can confirm that this is true right now by naming your eight great grandparents for me, there. Go ahead. You can't do it. I can't either. So what can you do, at least in this finite life that you have on earth? What you can do is enjoy your existence. The good news is, because you can control this, you can control enjoying your life and existence as get rich education is ultimately a lifestyle improvement show, and we are squarely helping you do that right here. And one way that I've done that over the years is by pointing out how inflation is actually advantageous to real estate investors. Well, it impoverishes most people. You're initiated on that by now. That's something that you really found out tangibly back during the pandemic. Now today, though, wow, people are frightened. I've got some contemporaneous material to share with you today, but I'll give you some lessons so that even if you're listening to this 10 years from now, you're going to learn some lessons. Americans inflation expectations for the next five years. They just hit the highest level since 1993 Yeah, expecting a lot of inflation, tariff pressures are a huge concern now. Last week, inside our newsletter, I sent you something that gave you some perspective on inflation. I sent you a photo of a Taco Bell receipt from 1999that might have left your mouth agape if you didn't see it. I'll tell you about it here and expand on this. And yes, it could leave you aghast, stupefied, gobsmacked, or even flabbergasted. In a sense, 1999 was not that long ago. It's sure not like ancient history. I mean, I was alive then, yes, I am here, and I'm from the 1900s. Well, this 1999 Taco Bell receipt that someone found perfectly preserved in the pages of a book. It shows a complete meal that was purchased for $3.50 it was actually just $3.26 and then the rest was tax added in. That's 350 for a chili cheese burrito, a taco nachos and a 16 ounce Pepsi. That's not the price for each item. That is the combined total from 1999 All right, how much do you think those same items would cost today? I don't eat there. I went to the Taco Bell website and found out. I mean, what an inflation measuring stick. This is what cost, 350 A Taco Bell in 1999 costs $11.44 today I use the same sales tax rate to come up with that. So today it's 1144 and today they also ask you a question a Taco Bell, if you want to round up for the kids or something like that, and then just watch, pretty soon, they're gonna request a tip too. That's a 327% price increase, and few people's wages have risen that much since 1999See, I told you that you would be left slack job and flabbergasted. All right, so let's look at where we are today. Now it's not an apples to apples comparison, but you know, Taco Bell is a fast food restaurant. Let's look at the price of a consumer item at a sports stadium today. All right, because both are places that everyday Americans frequent college basketball's March Madness tournaments have been taking place the last few weeks. Well, for the first time ever, the SEC is selling beer at its tournament. The price for one large premium draft beer is $17.50 so before tax or tip, 1750 for one beer all in that might be $20 or more, and I doubt that the beer is really that premium. I mean, you know what kind of beer you get at stadiums. So we look at inflation, one beer today is at least five times the cost of a complete Taco Bell meal in 1999   that's price inflation, and that's the stuff that's highly perceptible. Okay, you've been seeing that effect all of your life. It's making most people poorer. It's making real estate investors wealthier. And then there's the inflation that few people consider the less perceptible stuff, service inflation. And what are some examples of service inflation growing up the postal service delivered mail right to my parents porch, and they still do deliver mail right to my parents porch. Their neighborhood was built more than 100 years ago, but look, when new neighborhoods are built today, like places I've lived and perhaps where you live now, the postal service doesn't deliver your mail right to the individual mailbox on your porch. Today, you've got to walk both ways to your neighborhood's mailbox cluster. Some people even have to drive to get their mail. So your mail is no longer being delivered. Really, you have to go pick it up. Well, they don't lower the price for that reduced service level. That's service inflation. A second example is more obvious, grocery self checkout. You're taking the time and doing the work of scanning your groceries, but yet, they sure aren't lowering the prices of your lettuce and your beef jerky. And look service, inflation is here to stay. That is because companies make investments in it. The Postal Service bought those mailbox clusters, the supermarket bought those self checkout kiosks.    All right, so with this ramp and price inflation and service inflation, along with it, and the other forms of inflation that I've talked about on the show before, like stagflation, tip inflation and Shrink flation and skimpflation. What is an individual investor like you supposed to do? Well, stock and mutual fund investors get killed by inflation. I mean, think about it this way, just killed if the Sp5, 100 gains 10% but there's 5% inflation. That's a 50% hidden tax on your gain, plus you might pay capital gains tax. On top of that, savers really get obliterated. I mean, just destroyed if your bond yield or your savings account pays 4% interest, and there's 5% inflation. That is a 125% hidden tax on your gain, and then you might pay regular tax on top of that. So stocks and mutual funds and savings accounts are not the answer. What is the answer? Real Estate and borrowing the opposite of saving. And let me address now, whenever people get fearful that another wave of inflation is coming, whether that's tariff induced or otherwise, let's not get carried away and think that Hyperinflation is right around the corner, although definitions of hyperinflation vary, the most accepted one by economists is a 50% inflation rate per month, not annually, per month. So that would be over 600% a year, with compounding. I mean, that would be really hard to get, but what we do know is that inflation is still elevated above the Fed's 2% target. It's 2.8% today. And what we do know is that more inflation is coming at what rate nobody knows. These facts almost necessitate that you have either got to start your own business, which is tough, or become a real estate investor which is easier, in order to escape this and acquire some lasting wealth. Any devoted listener here knows that the formula for beating it is luckily, not highly sophisticated, not esoteric, not anything that you need a degree or certification for, just own income properties with loans, and that's when inflation produces three profit centers. As we know that is something that I coined as the inflation triple crown. So if you're new, you're learning something. If you've been around here for a while, here's a little comprehension test for you. What are the three crowns in the inflation Triple Crown, you win with asset price inflation, debt debasement and cash flow enhancement. Asset price inflation benefits you because you have leverage gains debt debasement passively lightens our debt burden for us, and then cash flow enhancement, that boosts our cash flow above the inflation rate, because our principal and interest payment stays fixed. And you can learn more about that totally free. You don't even have to leave your email address or anything. You can watch the three videos of the inflation Triple Crown at get rich education.com/itc. For inflation, Triple Crown, it's just good free learning for you there I've made available at get rich education.com/itc, it is a foundational financial education. Is a recession or even a depression eminent, that's straight ahead. I'm Keith Weinhold. You're listening to get rich education.   You know what's crazy? Your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments. Liquidity fund again. Text family, to 66866   hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaley Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com   you   Dani-Lynn Robison  15:45   This is freedom. Family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  16:00   Welcome back to get rich Education. I'm your host. Keith Wynne Holland, you are inside episode 547. I'll tell you, being a landlord or real estate investor can really change you now. I was using the stair climber at the gym just before talking to you today, I like to set up a big fan down on the floor to keep me cool before running or climbing. Plug it in, set up a fan. When I'm done, I turn off the fan. It's just a habit. I don't pay the electricity bill at my gym, but it's just the way that I would want to be treated. But you know what? When I find a fan that's already set up before I grab it and start on the treadmill. That fan is always running when no one is using it. No one turns off their fans when they don't have to pay for the electricity. And this reminds me of when I owned apartment buildings in Anchorage, Alaska, and tenants kept their windows open, even during the frigid winter, so that they could get fresh air. Yeah, you can guess who was paying the heating bill. It wasn't the tenant. It was me. The larger the apartment building is, the more likely that the owner is the one that pays for more of the utilities. And of course, in that case, you can look into utility sub metering. That process can be costly, but it might be worth it. It can increase your cash flow and your net operating income, which, when it increases your net operating income, that means that it also increases the apartment buildings value. And you know, in real estate today, you've got to look for where the opportunities are. There are opportunities in every market today. For places where there are specifically good opportunities are apartment buildings where their values have fallen 20 to 30% in some markets, it's wise to invest in beaten down sectors that you just know are going to come back like you know, the demand for apartment buildings is going to be there long term. This doesn't mean that you want to invest in any beaten down sector, like Office real estate in general. I don't see how that's coming back. A second strong real estate opportunity today is to find over built pockets, especially ones that exist in Texas and Florida. I mean, this is why they call them buyers markets. A Texas or Florida seller might make you a deal, and that doesn't mean everywhere in these states. For example, Southwest Florida is one area that's specifically over built, even amidst the national landscape that's under built. A third and a fourth area of specific real estate opportunity today are two that I have mentioned before, but they persist. That is still brand new, properties where many builders are still motivated to buy down your mortgage rate to about 5% even 4.75% in some cases, and new builds have low insurance premiums too. And then a fourth opportunity. That's something that we've covered a good bit here these past few weeks. BRRRR, real estate investing, buy, rehab, rent, refinance and repeat. That's a specifically good strategy if you don't have, say, hundreds of 1000s of dollars in liquidity to invest. Now you might ask, do those four strategies have validity? Do they have cogency in today's market, where there are these fears of an economic slowdown. Oh, yes, they do, or I would not have gone over them, but these palpable recession Fears are growing, and some are even asking, is a new Great Depression eminent? There is tons of bad economic news right now, not just in the US, but the global economy is on the edge, starting earlier this month, stock market tremors have turned into full blown convulsions. Trillions of dollars in wealth have just vaporized, wiped out. Investors are rattled, consumers are anxious. Business owners are confused, and those in power in the administration, they insist that tariffs and policy swings are all just part of a transition period, but a transition to what some have even asked, Is the everything bubble finally about to pop. Is this the brink of a recession or something even deeper, a D pressure? Well, one thing is undeniable, from stocks to crypto asset prices recently made a free fall, and I've got some long term lessons for you today, even if you're listening to this years from now, including what a phenomenon like this historically means for the real estate market, it's about what really happens to property values during an economic recession. Stocks recently had their worst week since 2023 barreling toward an all out bear market crash. A bear market means when 20% of the value has been lost from a recent high. Even Bitcoin, the poster child of speculative excess, has cratered. The carnage has been everywhere. But yet, instead of taking steps to prevent an economic meltdown, the administration in power, whether you like them or not, they have introduced more and more radical policies that could accelerate the crisis. Now, some of the tariffs could help long term, but the short term pain is perceptible, and you've got to be able to survive it. We've got new tariffs on multiple countries, and these are our biggest trading partners, even if these import taxes diminish, this is already strained friendships long term, especially with Canada. These countries keep retaliating with tariffs of their own, Canada, Mexico, China and the EU government spending is being slashed. Mass layoffs of federal employees have been underway for a while now. This is not just an economic experiment. I mean, this is a high stakes gamble with global consequences. So is this a detox period, or is it an economic freefall? Treasury Secretary Scott tebescent described this economic shift as a necessary detox period. That's the phrase that he used, and yes, I need to acknowledge there is no more grandma Yellen running the Treasury for long time, listeners, that is a reference to the long running joke about how my late grandmother resembled former Fed chief and former Treasury Secretary, Janet Yellen, but anyway, according to Besant, the US must break free from what he calls its addiction to government spending in return to private sector growth. Now, hey to me, that sounds good. Actually, that sounds like a good plan for the long term. But here's the problem, that addiction has been the lifeblood of the US economy for decades. And you know, this is something that regular GRE guest macroeconomist Richard Duncan has talked about when he's here. Remember what he's told us for over a decade here on the show, if the US doesn't have 2% real credit growth, credit expansion, well then we go into a recession. Well, what happens when the government cuts spending during soaring consumer prices due to trade wars? What happens when businesses hesitate to invest in the face of extreme uncertainty? Well, the bad news is that tariff whiplash and massive layoffs mean that businesses can't plan, and when businesses can't plan, they freeze. Look, just the other day, I talked to the President of a manufacturing company they make stainless steel tube valves and fittings. Due to all the tariff uncertainty, he's had to set up a reserve account based on what happens next, all right. Well, with that reserve account, that means that that's not money that's going into equipment reinvestment, that's not money that's going into making new hires. What happens when more confidence shatters and markets spiral lower? We may be about to find out. So has the recession, which is a precursor to any depression, already begun? Well, the warning signs are multiplying. Most ominously at last check, the respected Atlanta Fed tracker is now forecasting a more than 2% contraction in US GDP this quarter. That is quite a drawdown and two negative GDP quarters in a row. I mean, that is the definition of what a technical recession is. And here's a quick history piece for you in 1930 to try to quell the effects of the Great Depression, tariffs were passed. Alright. Do you know how badly that turned out back then in 1930 it was called the Smoot Holly Tariff Act. It raised tariffs to try to collect more revenue for the government. It didn't work, and the US sunk deeper into the Great Depression, with rampant unemployment and poverty and social unrest. There was a rise in crime, there were bank failures, even hunger and malnutrition. That's what a depression looks like, right there. Well, back to today. Right now, consumer confidence is collapsing. Retail Sales are plunging. The bond market is signaling distress, and yet those in power appear kind of oblivious to the magnitude of the risk. So what if it's not a transition and it is a start of something far worse? And see, this is just part of what's made investors raise their bets on a recession. Stocks are down like a global trade war has begun. Crypto has fallen like risk appetite has collapsed. Bond prices are rising like inflation is declining, and experts have priced in a 52% chance of a recession in the next 12 months. Okay, 52 that's like flipping a coin and just hoping that it lands on good news. Now in the real estate world, when we talk about direct threats from tariffs, as I've touched on before, the biggest direct threats are tariffs on lumber and on gypsum board. The lumber is used in house framing and trusses. Gypsum board, that just means drywall, the base case for tariffs on Canadian lumber alone, that adds about $10,000 to the cost of a new build typical single family home, which in turn jacks up all existing housing prices and their replacement cost. But let's look beyond that now at market factors. How is real estate adversely affected if the economy slows? Though historically. Let's look at how recessions really affect housing prices, and this is, again, as I like to say, where we take history over hunches. It's easy to have a hunch about what you think is going to happen, but let's look at what has really happened. How do real estate prices perform during recessions. When we look at the last eight recessions, okay? And the most current of those was in 2020, and then when we go back eight recessions ago, that is the 1960s Okay. Well, let me move along in chronological order here, during those eight recessions, starting in the 1960s leading up to today, housing prices, and this includes single family homes up to multifamily apartment buildings, they were just rounding to the nearest whole number here, up 5% there in The late 60s, in that recession, and then up 18% up 14% in the next recession, and then no change, down 1% and then up 6% and then down 13% that was during the 18 month recession, around 2008 and then finally, home prices were up 8% in the latest recession, alright. So in our total of eight recessions since the 1960s home prices only fell significantly one time, and they usually rise that one timethey fell. Let's explore that. That was during the 2008 global financial crisis, which involved more than just the recession. It was a deep recession, that's why it's called the Great Recession, but it also involved more than that. 2008 was special because that was a time of housing oversupply and low homeowner equity positions and a complete mortgage meltdown backed by flimsy liar loans. Well today we are in the opposite of all three of those conditions. We have a housing under supply. Americans have a record 300k plus in protective equity that they are not going to walk away from. And more.   Underwriting is stringent, the opposite of a liar loan. So housing prices usually rise in recessions, and if we're teetering on the brink of a recession, there are a lot of reasons to think that housing prices will go up yet again. And by the way, I felt what was happening back in 2008 I invested through it. I think I let you know before that, that's when I owned two four Plex buildings, 2008 but it didn't feel that bad to me, because my properties were temporarily suppressed in value, and that part didn't feel good, but my rents and rental demand went up because no banks would give loans to borrowers to buy properties, so I wouldn't want to sell when the buildings were paying me a higher than ever monthly income. But let's not lose the greater point what I'm telling you here that housing only fell significantly one time through the last eight recessions. That demonstrates the resilience of the housing market. And by the way, those stats were sourced by the NAR and the NB er National Bureau of Economic Research. All right, so why is this? Why is housing resilient in the face of a recession? There are a few reasons, but a main one is see, even if and when times get tough, people still need a place to live, and they will pay for it, especially now, when they have record equity, people are motivated to make mortgage payments and make rent payments, or else they are going to be homeless. So tough times when consumers they get less likely to pay for their car loan are less likely to pay for student loans, and when they default on credit card payments, that's when this stuff happens, but people will fight like heck to avoid losing their home. I mean, people will pay for food, shelter and safety. And also, when it comes to recessions, let's not forget how many bad just God, awful, wrong recession calls there were from over the past two to three years. I mean, the so called experts were wrong, wrong, wrong. Today, the economy is actually starting from a good place. And what do I mean here today, consumers still have money to spend, and they probably will. This is huge, because consumer spending is 70% of the economy, but how will they respond when these higher tariff induced prices hit more shelves at Walmart and Target? We'll see unemployment is still so low that it's practically down there doing squats. But you know these numbers, they're always backward looking, so it does only aim to get worse. The labor market is firm. Interest rates have been pretty steady. They've fallen a little. Energy prices are still down. So really, the bottom line with what I've shown you so far is that federal policies have induced economic trauma, and it does increase the chance of recession over the next 12 months. During recessions, housing is a top performer, and interest rates usually fall as well, and specifically interest rates of all types, including the Fed funds rate, mortgage rates, pretty much every interest rate type, they tend to fall in the mid and late stages of a recession. So this is what you can expect based on history, not hunches. But as for a depression, that is super unlikely. We haven't had one in 90 years, and today. I mean, come on, we have seen what the powers that be do. We can see how they respond to crises. They will just print and print and print more dollars to help pave over any problem. And that's not responsible long term, and it creates more inflation, but that's exactly what the government did to pull us out of the Great Recession and to pull us out of the COVID slowdown. We'll review what you've learned today in just a minute, but let me tell you, though you may very well have the majority of your capital smartly invested in real estate, since that's where the long term wealth creation is, those funds are not very liquid. So what about your liquid funds? Like I pointed out early in the show today, amidst higher inflation expectations, inflation really destroys those in the stock market, and it absolutely crushes savers. Savers really get destroyed, because if your bond yield or your savings account pays you 4% interest, and there's 5% inflation, that is a 125% hidden tax on your gain. And if that's the. Damaging enough there might be tax that you have to pay on that gain, which is not really a gain. This whole thing was a big loss.   So for some people, including me, what I do is become a lend. Lord, yes, I get a higher yield by lending to others a lend. Lord. I mean, why settle for just a, say, four and a half percent yield on your liquid funds? I mean, that's the level at both the 10 year bond and the savings account yield today, about four and a half percent. I've parked my own liquid funds for a steady 8% yield that I've been getting for years with a long time established real estate company. I make the loan to them, they have paid on time, every time, for that steady 8% return. And see, when you understand that directly investing in real estate pays five ways, and that a 20 to 30% total ROI, therefore is common and even expected. You can understand how they can pay you and me an 8% return on your liquid funds. You can see where the arbitrage is. Just a little insider tip here. It's called Freedom family investments. If you want to learn more, text family to 66 866. Their minimums are pretty low to 25k and you don't have to be accredited. So for steady 8% returns from the same place in the same vehicle where I've been getting my 8% you can just do it right now. What's on your mind? Text the word family to 66866.    Let's review what you've learned today, Americans have higher long term inflation expectations than they've had since 1993 a 1999 Taco Bell receipt really brings to light how much inflation you have experienced in your life. Though, higher inflation can come. Hyper inflation is unlikely. Let's not get carried away. The prospects for a recession are 52% in the next 12 months, per a plurality of experts, but a depression is really unlikely. Now you know how real estate performs in recessions and why it holds up so well it even tends to appreciate coming up here on the show are some prominent guests, including the leader of rezzy club. You might know about them. Sometimes I share their great charts in our newsletter. Yes, rezzy Club's Lance Lambert will be with us. Also, Legacy finance expert Laurel Langemeier will be here with us on another upcoming episode. Thanks for being here, but you weren't here for me. You were here for you. I'm Keith Weinhold. Don't quit your Daydream.   Dolf Deroos  37:53   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  38:16   You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 6866 while it's on your mind, take a moment to do it right now. Text, GRE to 6866   The preceding program was brought to you by your home for wealth, building, get rich, education.com.    

Home prices are falling fast in some prime real estate markets across the country while others remain stubbornly stuck. What's the defining factor between a stable housing market and one where sellers are actively cutting prices? Housing inventory! This metric defined the 2020 - 2022 run-up in home prices, but the rubber band of demand is snapping back as buyer power grows, housing inventory rises, and investors get even better buying opportunities. Remember when people said, “I'll buy when prices drop”? Well, now might be the time. ResiClub's Lance Lambert joins us to provide a holistic view of housing inventory, prices, demand, and emerging opportunities. Lance walks through the most up-to-date data on where housing inventory is rising fast, where prices are quickly declining, and which markets are holding on as sellers remain in control. We'll also talk about why homebuilding costs are about to JUMP and the reason Warren Buffett sold his homebuilding stocks shortly after buying them. Will construction slow down, limiting new inventory and leading us back into ultra-low supply? If so, this could push home prices higher, creating a prime opportunity for real estate investors. In This Episode We Cover US real estate markets seeing the most and least new inventory, and where prices are falling  Is spiking inventory a worrying sign for the housing market, or are we merely normalizing? What to look at in your housing market to forecast whether prices will rise or fall  Why are homebuilding costs about to JUMP, and could this lead to even more inventory problems? The new housing trend: Older renters, but could this mean more demand for rentals? And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Sign Up for the On the Market Newsletter Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile ResiClub: The cost breakdown for constructing a single-family home in 2024 ResiClub: Did Warren Buffett see this coming? Homebuilder margins face pressure in 2025 ResiClub: The vanishing young homebuyer: Median first-time homebuyer age jumps from 28 in 1991 to 38 in 2024 Inventory Is Key to a Stable Real Estate Market—Will It Recover? Join Lance's Newsletter Grab Dave's Book, “Real Estate by the Numbers” Jump to topic: (0:00) Intro  (1:27) Hottest and Coldest Markets  (8:00) Should We Be Worried?  (11:00) Where Prices Are Dropping  (14:54) What to Look For In YOUR Market  (17:39) Homebuilding Costs To JUMP  (21:48) Developer Profits Shrink  (24:11) Older Renters, Better for Investors Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-308 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices are falling fast in some prime real estate markets across the country while others remain stubbornly stuck. What's the defining factor between a stable housing market and one where sellers are actively cutting prices? Housing inventory! This metric defined the 2020 - 2022 run-up in home prices, but the rubber band of demand is snapping back as buyer power grows, housing inventory rises, and investors get even better buying opportunities. Remember when people said, “I'll buy when prices drop”? Well, now might be the time. ResiClub's Lance Lambert joins us to provide a holistic view of housing inventory, prices, demand, and emerging opportunities. Lance walks through the most up-to-date data on where housing inventory is rising fast, where prices are quickly declining, and which markets are holding on as sellers remain in control. We'll also talk about why homebuilding costs are about to JUMP and the reason Warren Buffett sold his homebuilding stocks shortly after buying them. Will construction slow down, limiting new inventory and leading us back into ultra-low supply? If so, this could push home prices higher, creating a prime opportunity for real estate investors. In This Episode We Cover: Is spiking inventory a worrying sign for the housing market, or are we merely normalizing? What to look at in your housing market to forecast whether prices will rise or fall  Why are homebuilding costs about to JUMP, and could this lead to even more inventory problems? The new housing trend: Older renters, but could this mean more demand for rentals? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest ResiClub: The cost breakdown for constructing a single-family home in 2024 ResiClub: Did Warren Buffett see this coming? Homebuilder margins face pressure in 2025 ResiClub: The vanishing young homebuyer: Median first-time homebuyer age jumps from 28 in 1991 to 38 in 2024 Invest in Private Market Real Estate with the Fundrise Flagship Fund Grab Dave's Book, “Real Estate by the Numbers” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Inventory Is Key to a Stable Real Estate Market—Will It Recover? Join Lance's Newsletter Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1101 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This Fri we gather together to honor our Homie Nicholas Barreto @cannabis.connoisseur.007 Nick was a tireless cannawarrior who battled for all of us on both state and national levels to educate people on why we need to deschedule and not reschedule cannabis. Nick literally lived , Breathed cannabis and cannabis reform unfortunately In his personal life Nick was also battling stage 4 Lymphatic Cancer and because he was such a vibrant person many people were unaware of his condition. He is in pain no more and his friends are gonna share some stories and take some huge dabs probably not as big as some of his cannabis Guinness world records that he loved to promote. His friends Spacy @lab_koat_genetics , @hashfight, Mike @f4nggggg , @takin.tops.official ,@terpicanaextracts and many more will share their personal Nick stories. We also have once again @weedshouldtastegood Miles in the studio ,and checking in we have our friends Mike @f4nggggg who is organizing @theorganiccup and Lance Lambert from @grovebags who is putting on another puffpuffpass event called “ le international puff puff primordial” we will see how that's going and get updates next week via @cannabisexperience. And finally we have Brian @boxbrown who was brought to our attention by Miles and I could tell after looking at his comics that we are all on the same page. Coming out of Pennsylvania. Brian is still deep in the East Coast cannabis world, but has his finger on the pulse everywhere from what I can see. Looks like he'll also be in Spain so lots of crossover. We are also all going out to see out friends @ed_rush and his partner @matt.optical So get that @dabx GO rig charged your @jerome_baker bong Clean with some ice

Chris and Saied break down the ever-misleading jobs report, exposing its flaws as a lagging indicator that fuels misguided Fed decisions. They reveal why unemployment figures don't tell the full story—especially when they ignore discouraged workers and the rise of multiple job holders struggling to keep up. And if you're a government worker in D.C., brace yourself—layoffs are coming. The duo also tackles housing market hysteria, debunking the doomsday headlines with hard data. ➡️ Then, Uncle Jamie (Dimon, that is) drops some *spicy* leaked audio, slamming remote work as an efficiency killer. Is this about productivity, or just a clever way to push employees out? Chris and Saied weigh in. And in classic Higher Standard style, they wrap up with a deep dive into workplace dissatisfaction, hybrid work struggles, and why your mindset might be the biggest factor in your job satisfaction.

How are mortgage rates shaping today's housing market? In this episode, host Kathy Fettke sits down with Lance Lambert to break down the latest mortgage trends, how rising (or falling) rates impact homebuyers, and what it all means for investors. They'll dive into key topics like: The latest mortgage rate shifts and their impact on affordability Why switching costs are keeping homeowners locked in The truth behind “Marry the house, date the rate”—is it still good advice? Where mortgage rates are headed next—and how to prepare Whether you're a homebuyer, investor, or real estate professional, this episode will give you the insights you need to navigate today's market. Tune in now! LINKS: OUR GUEST Lance Lambert:  LinkedIn: https://www.linkedin.com/in/lance-lambert-0bb5b677 X (Twitter): https://x.com/newslambert JOIN RealWealth® FOR FREE  https://tinyurl.com/joinrws1033 FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe READ BOOKS BY RealWealth® FOUNDERS The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals Scaling Smart by Rich & Kathy Fettke: https://tinyurl.com/scalingsmart DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com  

While 2024 was a fantastic year for stocks and bonds, the housing market has fared less well. Instead, 2024 was the year gravity caught up with home prices. They've stopped rising nationally for the most part, and certain once red-hot cities are now starting to see clear declines as inventory surges. Is this the Wile E. Coyote moment before prices start plummeting under today's higher for longer mortgage rates? Or will the housing market prove resilient as we enter 2025? To find out, we'll talk with real estate analyst Lance Lambert, former real estate editor for Fortune and now co-founder & editor of ResiClub. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

In this jam-packed episode of The Higher Standard, Chris, Saied, and Haroon dive headfirst into the fiery debate of 529 plans versus brokerage accounts for kids. With Chris hilariously comparing brokerage accounts to the wild west and Haroon trying to make 529 plans sound as exciting as a superhero origin story, this segment is both informative and entertaining. ➡️ And just when you thought things couldn't get crazier, Saied drops the bombshell that US bankruptcies have hit their highest level in 14 years. It's the perfect mix of financial advice and economic drama you didn't know you needed. Don't miss this rollercoaster of an episode that turns financial turmoil into pure podcast gold.

Skyrocketing rates, shrinking affordability: The U.S. housing market is a mess. It's also a bit of a mystery. Why are prices still sky-high, even though many measures of demand are weak? If the supply of new homes is nearing a historic high, how come the inventory for existing homes is close to a historic low? Today's guests agree that this is one of the weirdest housing markets in recent history. Mike Simonsen, president founder of Altos Research, and Lance Lambert, cofounder and editor-in-chief of Residential Club, join to talk about the state of the U.S. housing market—what makes it ugly, what makes it weird, and what would have to happen to make it better. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guests: Mike Simonsen & Lance Lambert Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, the host addresses the misconceptions and inaccuracies often spread by those predicting a housing market crash, commonly referred to as "Crash Bros." The discussion covers the reasons behind the stickiness of home prices, the lessons learned from the Great Recession, and the current housing market dynamics. The host also provides actionable advice for investors looking to capitalize on opportunities in the second half of the year, emphasizing the importance of understanding the market, tracking inventory, and identifying motivated sellers. [00:00] Introduction to the seasonally slower housing market and the opportunities it presents for investors. [00:27] Critique of the "Crash Bros" and their misunderstanding of the housing market's timing and dynamics. [01:19] The importance of historical context in understanding potential housing market declines. [02:17] Explanation of price elasticity in the housing market and how it differs from stocks and crypto. [03:22] Lessons learned from the Great Recession and how financial institutions have adapted to avoid mass foreclosures. [05:21] The timeline of potential market pain and why a significant crash would take years to develop. [06:50] Advice on tracking inventory and price reductions to identify motivated sellers in your buy box. [09:25] The concept of "fake inventory" and its impact on market perceptions. [10:24] The host's excitement about the opportunities in the housing market for the second half of 2024. [11:09] The importance of knowing your numbers and focusing on yield rather than just price reductions. [11:30] Promotion of the accountability group sessions and the benefits of joining the school community. [13:18] Discussion on the unexpected rise in the ten-year note and its potential implications for the housing market. [14:04] Insights from a Bank of America survey on where different age groups are keeping their wealth. [15:37] Update on Roaring Kitty's recent activities and investments. [16:25] Upcoming sessions in the school community with Henry Washington and Lance Lambert. One Rental at a Time School: Educational resources and community for real estate investors. Accountability Group Sessions: Regular meetings to help investors stay on track and motivated. Upcoming Sessions with Experts: Opportunities to learn from Henry Washington and Lance Lambert. These show notes provide a comprehensive overview of the episode, highlighting the main discussion points and offering easy access to mentioned resources.

Lance Lambert is the Co-Founder & Editor-in-Chief at ResiClub. He is also the former Real Estate Editor at Fortune Magazine, and is the foremost expert in residential real estate. In this conversation, we talk about the 4 reasons why houses are so expensive, as it is the most unaffordable housing market we have had in history. This is a major crisis for the US economy, and people need to understand what it will take to get us out of this. ======================= Introducing Espresso - the world's most interactive portable display. They have a portable screen that is incredibly light, comes with a nice stand, and the user interface is very easy. Anyone who listens to this podcast can go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠us.espres.so/pomp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. They have a brand new offer waiting for you.  ======================= BetOnline.ag is a proud sponsor of the the Pomp Podcast. Use crypto to bet on sports, play poker and enjoy casino games at BetOnline. Visit https://promotions.betonline.ag/pomp and use promo code POMP100 to receive a 100% matching bonus on any crypto deposit. BetOnline boasts no crypto transaction fees, and processing is anonymous, instantaneous and secure. ======================= Meanwhile is the world's first licensed and regulated life insurance company built for the Bitcoin economy. Protect your loved ones with sound money built to manage life's uncertainty and a broken financial system. Their BTC-denominated Whole Life Insurance policies allow HODLers to pass more BTC on to their loved ones and a tax-advantaged way to access BTC for liquidity during their lifetime. Visit their website at ⁠https://meanwhile.bm/⁠ to join the waitlist for a policy and to learn more. ======================= Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ ======================= View 10k+ open startup jobs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dreamstartupjob.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enroll in my Crypto Academy: https://www.thecryptoacademy.io/

Jason and Lance Lambert finish their discussion as they explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape. #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #MarketInsights #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis https://www.resiclubanalytics.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In episode 233 of "The Higher Standard," Chris, Saied and Haroon dive into the crucial topic of home affordability, exploring how much house you can actually afford without breaking the bank or sacrificing your prized Pokémon collection. ➡️ They delve into the latest housing market trends, discussing the surge in new single-family homes for sale as highlighted by The Kobeissi Letter and the rising listings in the US housing market noted by Mohamed A. El-Erian. Lance Lambert's insights on housing affordability also get the spotlight, while the trio adds their unique commentary on job market shifts, Trump's trial verdict, and the postponement of the Mike Tyson vs. Jake Paul fight.

In this episode, we discuss the long-term outlook for the housing market, exploring why recovery might take up to a decade. Joined by Lance Lambert, we analyze current trends, economic forecasts, and historical data to understand the challenges ahead. We delve into the impacts of rising interest rates, builder market share, and the potential for motivated sellers. This conversation provides a comprehensive view of the factors influencing the housing market and offers insights for investors and real estate professionals on navigating the upcoming years. [0:00] Introduction with Lance Lambert - Overview of the current housing market conditions and the long-term outlook. [0:20] Public Builders' Market Share - Discussion on the increase in market share for public builders, expected to reach 60%. [1:14] Impact of Big Companies - Analysis of how large companies with significant resources are dominating the market, leaving smaller builders struggling. [2:21] Forecast Adjustments - Examination of Bank of America's forecast of a 4% rise in home prices and a 5% rise in single-family rents. [3:03] Billionaire Barry's Rate Cut Plea - Commentary on Barry Sternlicht's public plea for rate cuts and the implications for the market. [4:06] Existing Home Sales Recession - Comparison of current existing home sales to levels last seen in 1978 and the prolonged recovery period. [6:00] Historical Data Analysis - Review of historical data showing the slow recovery of existing home sales after significant downturns. [7:00] Goldman Sachs Forecast - Overview of Goldman Sachs' prediction that it will take several years for home sales to return to 2019 levels. [10:00] Increasing Inventory - Discussion on the recent increase in housing inventory and its potential impact on the market. [13:34] Motivated Sellers - Insights on the growing presence of motivated sellers and the importance of doing the work to find deals in the current market. One Rental at a Time: Access the 54-year real estate spreadsheet and other valuable resources. Resi Club Analytics: Subscribe to Lance Lambert's free and premium lists for detailed market analysis and inventory tracking. Lance Lambert on Twitter: Follow Lance for the latest updates and insights on the housing market. Thank you for tuning into today's episode. If you found our discussion valuable, please rate, follow, share, and review our podcast. Your support helps us continue to deliver quality content. Stay informed, stay proactive, and leverage the insights and resources available to navigate the housing market's challenges and opportunities. Join our community to get the support and tools you need for successful real estate investing.

Jason and Lance Lambert finish their discussion as they explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape. #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #MarketInsights #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis https://www.resiclubanalytics.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Lance Lambert, co-founder of Resi Club, discusses the real estate market's nuances with host Jason Hartman. Lambert highlights the tight resale market, down 30-35% from pre-pandemic levels in 2019, noting that despite this, 2019 wasn't a buyer's market. Affordability strains persist, especially in areas like Connecticut, impacted by the "donut effect" from pandemic migration. Lambert emphasizes builders' resilience, adjusting home sizes and finishes to tackle affordability while maintaining profit margins. He anticipates a shift towards smaller homes due to changing demographics. Despite challenges, residential construction employment remains strong, indicating continued market stability. #RealEstateInsights #ResiClub #LanceLambert  #HousingMarketAnalysis #SupplyDynamics #RealEstateTrends #RealEstateResearch #ExpertInterview #LanceLambertInsights #PandemicMigration #HousingTrends #DonutEffect #HomeBuilderStrategies #Affordability #DRHortonAnalysis https://www.resiclubanalytics.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Lance Lambert, co-founder of Resi Club, discusses the real estate market's nuances with host Jason Hartman. Lambert highlights the tight resale market, down 30-35% from pre-pandemic levels in 2019, noting that despite this, 2019 wasn't a buyer's market. Affordability strains persist, especially in areas like Connecticut, impacted by the "donut effect" from pandemic migration. Lambert emphasizes builders' resilience, adjusting home sizes and finishes to tackle affordability while maintaining profit margins. He anticipates a shift towards smaller homes due to changing demographics. Despite challenges, residential construction employment remains strong, indicating continued market stability. #RealEstateInsights #ResiClub #LanceLambert  #HousingMarketAnalysis #SupplyDynamics #RealEstateTrends #RealEstateResearch #ExpertInterview #LanceLambertInsights #PandemicMigration #HousingTrends #DonutEffect #HomeBuilderStrategies #Affordability #DRHortonAnalysis   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

The housing market has seen unprecedented home price growth in the 2020s. Already, we've almost beat the past three decades, and we aren't even halfway through our own. And now, with home price growth slowing, many people wonder how we're still in a position of high housing costs and low inventory. The answer is simple: “Switching costs” are holding the housing market in limbo, and the more you know about them, the more our current situation makes sense. Put simply, “switching costs” are not only the financial but also the psychological costs of selling your current home and buying a new one. With mortgage rates close to double what most Americans have locked in, there's a substantial financial consideration when purchasing a new home. Lance Lambert, co-founder of ResiClub and housing data authority, is on the show today to talk about home prices, housing inventory, and how “switching costs” influence both. Lance details how our massive home price acceleration put many Americans in an affordability bind, making “switching costs” higher than in recent history. So, how do we cross the threshold to enter a time when “switching costs” are low, prices are stable, and housing inventory returns? Lance walks through exactly how to tell the direction your local housing market is going in and the data investors must look at to get a better sense of how home prices and housing inventory are trending. In This Episode We Cover “Switching costs” explained and why they're keeping the US housing market in limbo The “lock-in effect” that's suppressing our housing inventory and keeping owners from selling Inflation's sizable role in the massive home price appreciation we've been seeing The slow recovery in active listings and how far behind pre-pandemic levels we are The one data point you must follow if you want to gauge how healthy your local housing market is And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram On the Market 108 - How the Pandemic Polarized America's Property Market w/Lance Lambert On the Market 189 - The Fed's Plan “Backfired,” Now They're Scrambling w/Logan Mohtashami National home price growth this decade has already surpassed that of the entire 1990s and 2010s Read More from Lance: https://www.resiclubanalytics.com/ Jump to topic: (00:00) Intro (01:27) Housing Inventory Update  (05:00) “Switching Costs” Shoot Up  (10:52) Are Owners “Locked-In”?  (16:04) Can Home Price Growth Last? (21:36) How to Predict Your Market  (26:10) Connect with Lance! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-215 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

So many people use Zillow or Redfin to determine the value of their home, but should they? Even if you get a value, how do you have confidence that it is the right one and not skewed by the wrong data? Realtors would tell you to leave it to the professionals, but a fun fact is that Realtors are not licensed to value homes, but rather only to sell them. Chris, Saied and Haroon are going to tell you how to value your home like a licensed real estate appraiser. ➡️ The great real estate professionals use this same methodology when they try to figure out what value to sell your home for or what the offer price should be of a home you are looking to buy. It's time you knew how to do it too.

From the influence of big investors to the state of housing affordability, we're exploring the US housing market with Lance Lambert. Through expert insights and compelling stories, this discussion is a must-listen for anyone fascinated by the future of real estate. Tune in now to catch all the action and become part of the conversation!     Key takeaways to listen for The evolving role of institutional investors in the US housing market Significance of regional market analysis in understanding the broader housing landscape How legislative and economic actions have unintended consequences on the real estate market Potential future trends in the housing market Importance of accurate and timely real estate data in making informed decisions     About Lance Lambert Lance Lambert, the renowned outgoing real estate editor of Fortune Magazine, will lead the charge as ResiClub's editor. Lance Lambert has solidified his reputation as the nation's foremost data journalist and beat reporter in the residential real estate space, bringing a wealth of knowledge and expertise to ResiClub's endeavors.     Connect with Lance Website: ResiClub LinkedIn: Lance Lambert X: @NewsLambert     Connect with Leigh Please subscribe to this podcast on iTunes or the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.   Subscribe to Leigh's other podcast Real Estate From The Rooftops     Sponsors Leigh Brown University – New On-Demand Training How to Dominate During This Recession! Enroll Now to learn practical steps for effective action, discover what to say, and ensure success in securing listings, assisting buyers, and expanding your business, regardless of market conditions.  Enroll today at: https://www.leighbrownuniversity.com/dominate-recession  Enter code: CSIRE20 at checkout for a 20% discount.

Jason Hartman reflects on the three types of people in life: those who make things happen, those who watch things happen, and those who wonder what happened. Drawing on personal experiences, he emphasizes the importance of taking action and overcoming self-doubt to achieve success. Additionally, Hartman shares an intriguing chart illustrating the current scarcity in the real estate market, debunking notions of an imminent crash. Then Jason and Lance Lambert finish their discussion as they explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape. #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #MarketInsights #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis   Key Takeaways: Jason's editorial 1:20 3 Types of people 10:28 Girl scout cookies and the housing inventory Lance Lambert interview part 2 12:52 Lock-in Effect 17:47 Dynamic of the RENT 21:27 Where the SFH rental data is from 25:18 Housing Shortage as told by 11 major firms 27:15 Scapegoating- Housing affordability and the effects of the NAR lawsuit https://www.resiclubanalytics.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Housing prices continue to outperform while housing affordability continues to erode. What are house prices and inventory doing on a nationwide basis? What does the future of house prices look like? Why are house prices sticky to the upside? Where is housing inventory headed? In this episode, we dive into the housing market with  @ResiClub  founder, Lance Lambert to help you become The Educated HomeBuyer. ✅ - Get connected with us or to a local expert in your market, http://www.theeducatedhomebuyer.com/expert

Jason sheds light on the shifting dynamics of commercial real estate, emphasizing the diminishing demand for traditional office and retail spaces due to remote work and online shopping trends. With insights on the retail apocalypse and industrial offshoring, the discussion highlights the enduring value of residential properties as an investment. Discover why housing remains the most tax-favored and historically proven asset class, offering opportunities for empowered investors. Lance Lambert, co-founder of Resi Club, discusses the real estate market's nuances with host Jason Hartman. Lambert highlights the tight resale market, down 30-35% from pre-pandemic levels in 2019, noting that despite this, 2019 wasn't a buyer's market. Affordability strains persist, especially in areas like Connecticut, impacted by the "donut effect" from pandemic migration. Lambert emphasizes builders' resilience, adjusting home sizes and finishes to tackle affordability while maintaining profit margins. He anticipates a shift towards smaller homes due to changing demographics. Despite challenges, residential construction employment remains strong, indicating continued market stability. #RealEstateInsights #ResiClub #LanceLambert  #HousingMarketAnalysis #SupplyDynamics #RealEstateTrends #RealEstateResearch #ExpertInterview #LanceLambertInsights #PandemicMigration #HousingTrends #DonutEffect #HomeBuilderStrategies #Affordability #DRHortonAnalysis Key Takeaways: Jason's editorial 2:12 Outsourcing and Amazon 8:52 Elon Musk and Ai Lance Lambert interview 12:50 The largest asset class in America 15:00 US housing market- a tight RESALE supply 21:51 Mortgage market composition by country 24:01 Best years of housing affordability & cycles 26:37 Shift in share prices: 10 of the largest publicly traded US home builders 30:36 Parci Labs: New SFH continue to get smaller 33:08 Addressing the Lock-in Effect problem     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In this episode, Nik is joined by ResiClub co-founder Lance Lambert to discuss the US residential housing market. Lance explains why he is labeling the housing market 'constrained,' including how high mortgage rates are limiting buyer affordability while trapping sellers who don't want to give up sub-4% notes. He also breaks down regional differences in the market, addresses short-term rentals (AirBnB), and contrasts multi-family properties to residential housing. https://www.resiclubanalytics.com/p/housing-market-affordability-strained-home-depot-selling-tiny-homes-63000 The Bitcoin Layer is brought to you by River. Visit http://River.com/TBL and earn up to $100 in bonus Bitcoin when you buy. Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL's research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer and its guests do not provide investment advice. Block Height 838769 #TheBitcoinLayer Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia#ResiClub #HousingMarket #USRealEstate #MortgageRates #Affordability #SellerConundrum #RegionalDifferences #ShortTermRentals #AirBnB #MultiFamilyProperties #RealEstateInvesting #HousingTrends #PropertyMarket #HomeBuying #InvestmentProperties #RealEstateInsights #MarketAnalysis #ResidentialHousing #ConstrainedMarket #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #RiverBitcoin #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macroSubscribe to The Bitcoin Layer on Soundwise

Hey everyone. this is Jim Duncan with sweat the details by nest realty. We talked with Lance Lambert from ResiClub. We've read Lance's stuff for years, and were excited to talk to him about ResiClub. A quick skim of the ResiClub page right now is a great snapshot of what ResiClub ResiClub - Zillow's home price forecast, commute time and pre-pandemic levels, home price changes across this US in 6 interactive maps -- every story is a good one.Noted stories:Switching CostsSmaller new construction homes?Chart showing home price changes in 6 interactive charts

Episode Summary:In this insightful episode of the Texas Real Estate and Finance Podcast, host Mike Mills addresses a critical topic that's reshaping the real estate industry: Realtor commission changes. Alongside this, he dives into the latest trends in Texas mortgage rates, the emergence of micro homes in San Antonio, current inflation impacts, and the role of real estate investors in entry-level markets. The highlight, however, is the potential shift in how Realtor commissions are structured, a change that could significantly impact both buyers and sellers in the real estate market.Why Realtors Should Listen:This episode is pivotal for real estate professionals who need to stay ahead of significant industry shifts, especially regarding Realtor commission changes. Understanding these changes is key to adapting business strategies, offering the best advice to clients, and navigating the evolving landscape of real estate transactions.Timestamped Highlights:(00:00:08) Introduction to market trends and Realtor commission changes.(00:00:58) Insights on Texas mortgage rate fluctuations.(00:03:26) Discussion on San Antonio's micro homes.(00:06:10) Analysis of inflation in the real estate sector.(00:08:03) Impact of investors on entry-level housing.(00:10:24) National Association of Realtors insurance fund issues.(00:12:25) In-depth exploration of Realtor commission changes and DOJ recommendations.(00:19:40) Final thoughts on staying informed about real estate industry changes.Resources Mentioned:Mortgage News Daily for insights on mortgage rates.The New York Times and Lance Lambert of Ritzy Club for information on micro homes.Housing Wire for updates on real estate trends.For realtors, this episode is an essential listen to understand the Realtor commission changes and other key developments in the Texas real estate and finance sectors. It offers actionable insights for real estate agents looking to navigate these changes effectively and maintain a competitive edge in their field.

Unlocking positive trends for 2024 in real estate!

If you're feeling frustrated by the lack of success in your real estate business, despite putting in long hours and effort, then you are not alone! Many real estate professionals find themselves struggling to keep up with market changes and competition, leading to feelings of overwhelm and disappointment. Instead of seeing the results they desire, they may find themselves stuck in a cycle of stagnation, unable to break through to the next level of success. But there is hope - by gaining valuable insights into market trends, you can equip yourself with the knowledge and strategies needed to thrive in the real estate industry.In this episode of the Texas Real Estate & Finance Podcast, host Mike Mills delves into the intricate dynamics of the real estate market with guest Lance Lambert, the founder and CEO of Rezi Club. Lance's extensive experience, from working at realtor.com to establishing his own business, Resi Club, brings a wealth of knowledge and insights to the discussion. He shares how his passion for writing about housing led to the growth of his audience, especially during significant market changes. Lance's commitment to delivering accurate, data-driven narratives without exaggeration makes Resi Club an invaluable resource for those interested in the housing industry. Throughout the episode, he provides a detailed analysis of the current state of the real estate market, highlighting both positive and negative factors that impact the industry. From the tug of war between tight resale supply and strained affordability to the impact of institutional investors, Lance's expertise offers a comprehensive understanding of the market trends and challenges. His valuable insights and dedication to debunking myths and providing clarity in the complex world of real estate make this episode a must-listen for real estate professionals and industry enthusiasts., In this episode of the Texas Real Estate & Finance Podcast, host Mike Mills engages in a deep dive into the real estate market with guest Lance Lambert, the founder and CEO of Rezi Club. Lance's extensive background, ranging from his tenure at realtor.com to spearheading his own venture, Resi Club, brings a wealth of knowledge and insights to the discussion. His passion for writing about housing, coupled with a commitment to delivering accurate, data-driven narratives without exaggeration, positions Resi Club as a valuable resource for those keen on the housing industry. Throughout the episode, Lance provides a detailed analysis of the current state of the real estate market, shedding light on both the positive and negative factors impacting the industry. From the intricacies of the tug-of-war between tight resale supply and strained affordability to the influence of institutional investors, Lance's expertise offers a comprehensive understanding of market trends and challenges. His valuable insights and dedication to debunking myths and providing clarity in the complex world of real estate make this episode a compelling listen for real estate professionals and industry enthusiasts.In this episode, you will be able to:Gain valuable insights into real estate market trends.Understand the impact of housing shortage and affordability.Explore the influence of institutional investors on the market.Learn about demographic shifts and the supply-demand imbalance.Grasp the impact of inflation on the real estate market.Connect with me here:https://www.twitter.com/twitter.com/mikemillsMTGhttps://www.facebook.com/facebook.com/millsmortgage/https://www.youtube.com/youtube.com/@mikemillsmortgagehttps://www.youtube.com/youtube.com/@mikemillsmortgagehttps://www.linkedin.com/linkedin.com/in/mike-mills-49a09621/

While 2023 was a much better year for stocks and bonds, the housing market has fared less well. Instead, 2023 was the year gravity caught up with home prices. They've stopped rising nationally for the most part, and certain once red-hot cities are now starting to see clear declines. Is this the Wile E. Coyote moment before prices start plummeting under today's high mortgage rates? Or will the housing market prove resilient as we enter 2024? To find out, we'll talk with real estate analyst Lance Lambert, former real estate editor for Fortune and now co-founder & editor of ResiClub. SUBSCRIBE to Adam's new Substack at https://adamtaggart.substack.com/ to get Adam's Notes for all the recent experts who have appeared on this channel #housingmarket #realestate #mortgage

To everyone who has decided to ‘take a break' from your Zillow or Redfin apps: we applaud you! Whether you did it to cut back on your screen time, or simply because of sheer frustration as you've sensed that something was broken in the housing market, home affordability seems to be at all time lows. As you scroll through listings, there's this dark cloud of overwhelm, courtesy of the real estate starship we find ourselves strapped to. And even if prices taper off some- how are folks going to handle their mortgage payments considering where rates are sitting? There are a lot of big unknowns when it comes to the largest financial decision that many of us will make, but luckily, we're joined by Lance Lambert. Lance is the nation's foremost data journalist and beat reporter in the residential real estate space. He's been the real estate editor over at Fortune Magazine, and he's recently launched ResiClub to help folks to stay informed on the US housing market. We discuss why home affordability has deteriorated so quickly, specific cities that will continue to see prices increase, key indicators to help you know where your market is headed, the most important consideration before you buy a home, and much more!   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It's fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.   During this episode we enjoyed a Juice Lovers by Other Half Brewing- a big thanks to Jason for sending this one our way! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.

The old rules of thumb don't work for this housing market. Lance walks us through why he believes this and what he is seeing in the housing data across the United States. Listen as Brett and Ryan ask questions about the industry. Enjoy the show! ***************************** Chit Chat Money is presented by Interactive Brokers. Switch to the best brokerage in investing today: ⁠⁠⁠ibkr.com/info⁠⁠⁠ ****************************** Want updates on future shows and projects? Follow us on Twitter: ⁠⁠https://twitter.com/chitchatmoney ⁠⁠ Subscribe to our Substack to receive free show notes and charts for our Tuesday episodes: ⁠⁠https://chitchatmoney.substack.com/⁠⁠ Interested in Resi Club? ⁠⁠⁠⁠Check their website here: https://www.resiclubanalytics.com/ Contact us: chitchatmoneypodcast@gmail.com Timestamps Lance Lambert | (2:02) Regional Data | (11:55) Affordability | (22:52) Disclosure: Chit Chat Money hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

Lance Lambert of Residential Club talks the problems with today's real estate market.See omnystudio.com/listener for privacy information.

Lance Lambert is the co-founder, editor-in-chief, & CEO of ResiClub, a brand new media publication that I co-founded with Lance to cover residential real estate. In this conversation, we talk about housing affordability, how we got here, why it's so bad, impact of interest rates, specific market analysis of what's hot & what's not, potential solutions, and what Lance is building with ResiClub.  ======================= Trust and Will has simplified the process of creating and managing your will or trust online. They leverage a data-driven, design-first approach and amazing customer support to help you protect your legacy from the comfort of your home starting at just $159. Sign up today for 10% off using ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://trustandwill.com/pomp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ======================= Auradine, a leader in web infrastructure solutions including blockchain, AI, and privacy, has unveiled the world's first 4nm Bitcoin mining systems, featuring breakthrough EnergyTune™ technology, setting new standards in performance and energy efficiency. The Teraflux™ product line from Auradine offers best-in-class performance, efficiency, and total cost of ownership (TCO), positioning it as the optimal choice for Bitcoin mining needs. With EnergyTune™, a patent-pending technology, Auradine's Teraflux™ systems enable rapid demand response and optimal energy usage, fostering a symbiotic relationship with electrical grids, and contributing to sustainable energy practices. Designed and manufactured in the US, Auradine's Teraflux™ product line not only ensures cutting-edge technology but also mitigates supply chain risks and provides increased supply chain resiliency. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.auradine.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for more information the Teraflux bitcoin mining systems. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

*NEW ITEM!* Purchase my newest book! "15 Conversations with Real Estate Millionaires" https://amzn.to/3CGOWOU

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Fortune editorial director Lance Lambert to talk about his insights and perspectives on the housing market. We discuss why housing played an outsized role in pandemic inflation, and what makes the post-pandemic housing market unique; his view on whether we're in a housing bubble now, and what to watch for; and insights into what's happening with home builders. We also look at which dynamics are driving growth or slowdown in local markets like Cincinnati and Austin, and what to expect in the future. About Lance Lambert Lance Lambert is the editorial director of Fortune Education. He also writes the weekly Fortune Analytics newsletter and reports on topics ranging from the future of work to the housing market. Here's a glimpse of what you'll learn:  Why housing played an outsized role in pandemic inflation, and what makes the post-pandemic housing market unique How his house-flipper parents fared during the great recession and how that shapes his housing market analysis now The advantage that home builders have in this cycle that's different from previous cycles, and what analysis of home builder financials teaches us about the market His personal remote work journey from Manhattan to Cincinnati in 2020, and why he bought new construction His view on whether we're in a housing bubble now, and what to watch for Why housing may have helped stave off a recession, and his view on how the market would react to a recession His strategy for staying open-minded and clear on the changing trends in the market The housing market crisis that keeps him up at night Local market insights: why Austin is the outlier coldest market in the country this year; why he's bearish on Florida home price growth, but bullish on the Midwest; and why it wasn't a surprise that Cincinnati didn't have the correction that slowed much of the country last year Resources mentioned in this episode: Connect with Lance on LinkedIn Fortune Mike Simonsen on LinkedIn Altos Research Featuring Mike Simonsen, President of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on Twitter Mike on Twitter About Altos Research The Top of Mind Podcast is produced by Altos Research. Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels. Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.

In this episode of “The Lumber Word”, we are delighted to welcome Lance Lambert, the real estate editor for Fortune, who also contributes daily articles to the prestigious publication. Lance's profound expertise in economics and housing data, along with his active presence on Twitter (@NewsLambert), makes him a highly regarded figure in the field. Together, we take a deep dive into the intricacies of the housing market, examining its various components and current state. Additionally, we explore the fascinating world of the lumber industry and how Lance's data analysis contributes to better understanding and preparation for the future. Whether you're tuning in during your daily commute or seeking relaxation on your deck, this episode provides a concise yet comprehensive breakdown of housing economics, ensuring that you walk away with a more profound understanding of the real estate landscape and building landscape. Join us as we journey through the captivating realm of housing economics with Lance Lambert.

Today on CT101 is Lance Lambert, Chief Marketing Officer of Grove Bags™, a company creating sustainable, solution-driven cannabis packaging that is designed entirely around optimizing the plant's unique properties. In order to create the most effective packaging available in the industry to preserve cannabis throughout the entire cultivation to consumption lifecycle, Grove Bags™ engineered an FDA compliant cannabis film that is truly first of its kind: TerpLoc®. Their proprietary film blend combines active humidity control with antimicrobial properties, maintaining low oxygen levels in order to form the perfect “cannabis climate” to preserve cannabis products and eliminate pain points like moisture loss, terpene degradation & microbial growth. In 2020, TerpLoc®, Grove Bags proprietary film, became the first cannabis technology to receive a Packaging Innovation Award from Dow. Be sure to visit the website at www.grovebags.com & also follow them on IG @grovebags to preserve terps in your packs & prevent mold when your cannabis business is moving slow!See omnystudio.com/listener for privacy information.

Market Proof Marketing · Ep 304: Collaborate and CommunicateIn this episode, Kevin Oakley is joined by Andrew Peek and Julie Jarnagin! The team is excited about the upcoming Summit and shares how they are preparing for the big event. Julie ponders how a team can see problems in marketing before they happen and Andrew and Kevin share their thoughts on how they would go about fixing the issue. They discuss how difficult it can be for a marketing team when communication is lacking or kept from them and it leaves their arms tied.Story Time (1:50)Julie has been debating how to see marketing problems before they happen.Andrew has no storytime but promises one after the Summit.Kevin is frustrated for marketers who don't have all the information. Whoever is making big decisions and working collaboratively is paramount.News (26:13)Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates (https://apple.news/A7XhetA63SmWydghS9zfozA)Storyliving By Disney Shares Inside Look Into Cotino, It's First Residential Community (https://www.builderonline.com/land/development/storyliving-by-disney-shares-inside-look-into-cotino-its-first-residential-community_o?utm_source=newsletter&utm;_content=Article&utm;_medium=email&utm;_campaign=BP_091923&&oly;_enc_id=0562I8022834C8U)House poor is back: 'the new normal for the foreseeable future' (https://apple.news/A7XhetA63SmWydghS9zfozA)More than a third of Gen Z works both a full-time job and a side hustle — and many still don't feel financially secure (https://www.businessinsider.com/gen-z-side-hustles-full-time-job-financial-security-ey-2023-9)Things we love / things we hate (41:05)Andrew loves the new Barbie Movie!Julie has been taking a knock-off brand of Airborne to keep her happy and healthy for the Summit!Kevin's favorite is Lance Lambert, specifically his X account.Questions? Comments? Email show@doyouconvert.com or call 404-369-2595 and we'll address them on the next episode. More insights, discussions, and opportunities can be found at Do You Convert All Access or on the Market Proof Marketing Facebook group.Subscribe on iTunesFollow on SpotifyListen On StitcherA weekly new home marketing podcast for home builders and developers. Each week Kevin Oakley, Andrew Peek, Jackie Lipinski, Julie Jarnagin, and other team members from Do You Convert will break down the headlines, share best practices and stories from the front line, and perform a deep dive on a relevant marketing topic. We're here to help you – not to sell you!Transcript: The post Ep 304: Collaborate and Communicate appeared first on Online Sales and Marketing for Home Builders - DYC.

On this episode, you'll hear from special guest Lance Lambert. As the Chief Marketing Officer of Grove Bags, he is responsible for overseeing the planning, development and execution of the organization's marketing and advertising initiatives. But he is no stranger to the cannabis industry. This Northern California cancer survivor has been part of the industry and speaking about the plant for a long time, working with well-known brands like The Cannabist, Weedmaps, and so on. Join us as we guide you through customer journey marketing, strategic alliances, global markets, events, and much more.Find out more at:https://grovebags.com/https://www.linkedin.com/in/lanceclambert/

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Market Proof Marketing · Ep 301: There's No Toenails In Our Carpet!In this episode, Andrew Peek is joined by Julie Jarnagin and Beth Russell! Andrew weathered a hurricane in Florida which prompts the three of them to list off selling points in homes for Florida residents. Together, they discuss desperate marketing methods that can lead to a negative impact on potential buyers and also lead to consumers pushing for more out of their builders.Story Time (05:47)Andrew is puzzled by a townhome construction company using a sign spinner to market their brand.Julie is hearing from builders that shoppers are pushing for more and more in there potential homes.Beths house closes this week so she is getting photos taken of it before they move in. News (26:01)Zillow-Redfin Partnership Increases Exposure for New-Construction Listings (https://www.nahb.org/blog/2023/08/zillow-redfin-partnership?utm_source=newsletter&utm;_medium=0828&utm;_campaign=MMB2023)Maui broker: Hanging up on vultures, holding on to hope (https://www.realestatenews.com/2023/08/23/maui-broker-hanging-up-on-vultures-holding-on-to-hope?mc_cid=e418b5c730&mc;_eid=0a5dca5654)Homebuyer mortgage demand picks up for 1st time in 6 weeks (https://www.inman.com/2023/08/30/homebuyer-mortgage-demand-picks-up-for-1st-time-in-6-weeks/?utm_source=mortgagebrief&utm;_medium=email&message;_id=32562139.109634&utm;_term=&utm;_campaign=MortgageBrief_20230830)Favorites/Hates (46:23)Beth is loving a sliced baguette with prosciutto, goat cheese and hot peach chutneyJulie's hate is the back to school germs but her favorite is Dayquil getting her through the podcast recording! Andrew is loving his cheap boom stand.Questions? Comments? Email show@doyouconvert.com or call 404-369-2595 and we'll address them on the next episode. More insights, discussions, and opportunities can be found at Do You Convert All Access or on the Market Proof Marketing Facebook group.Subscribe on iTunesFollow on SpotifyListen On StitcherA weekly new home marketing podcast for home builders and developers. Each week Kevin Oakley, Andrew Peek, Jackie Lipinski, Julie Jarnagin, and other team members from Do You Convert will break down the headlines, share best practices and stories from the front line, and perform a deep dive on a relevant marketing topic. We're here to help you – not to sell you!Transcript:JulieYeah. So how was the hurricane Andrew?AndrewIt was great. You know, it's kind of like you build up all this emotion and anticipate emotion and you don't really want anything to happen like you, don't you? Because that's. That's really terrible, right? But then you're like, Oh, we're not in it. Like, could it be a little bit rougher outside the wind, be a little bit stronger? That's terrible to say.AndrewBut like, sowe had, like, I don't know, 40 to 60 mile an hour winds, which really isn't that big a deal. It's a big deal because it's, you know, eight, ten, 12 hours. It just keeps going and going and going versus like a storm rolling through our biggest thing that happened. So I'm in Tampa Bay by the beaches.AndrewOne, I was we have the Alexis the show I the ones with a screen they're terrible. Oh yeah I think the.BethShow.AndrewEcho show whatever it is. Yeah. And so it shows like the news and I'm like, all these words they use are just like, oh, my goodness. Like, the rest of the world thinks we're. We're like, We're dead. It's awful. And basically from the truth, basically, basically. So meanwhile.BethPeople in Florida are actually writing rafts down.AndrewYeah, they're like having fun taking pictures, trying to get there's now like kind of viral spots that will always flood. And side note, they flood like, any time anyways. So, of course, a hurricane comes by and it looks really cool and floods all over the place, but it's in a flood anyways. So fortunately everything was all good. The kids had three days off of school, which is insane.AndrewHurricane days, great. Hopefully they there aren't too many more. I'll have to make them up and we start earlier. We get out sooner, so that's kind of annoying for some are plans where we will plan everything but I mean, I feel like it's the summit is coming up and then that means there's a hurricane. So hopefully this is one that's out of the way.AndrewI'm like, oh, it's going to July, It's going to die early because they all usually get it bad up over Louisiana compared to.JulieEither hits Andrew or it's me in Louisiana or yeah, somehow it goes to Texas, which has happened a few times too. But so far we've been lucky this year. But you know, knock on wood. So in Oklahoma, when I lived in Oklahoma, it was always when the weather guy pulled out his sparkly tie that were for sure getting hit with the tornado.BethThat is part of my.JulieYeah, it was like they were like, so excited and like, well, don't be quite this exciting.AndrewThese tornadoes are terrifying to me.JulieToo excited about them.AndrewYeah. Tornadoes aren't like, oh, we have a couple of days to plan and like, if it gets really bad because at least for us, like if it were to be really, really bad, we could go like 20, 30 miles east and you're fine. Like, it's still going to be really bad weather. But, you know, the hurricane force winds aren't, you know, as big as like the hurricane going through the whole southeast.AndrewLike it's like, you know, 20, 30, 40, 50, 60 miles from the center. So we could just go towards Orlando where the builder show is and be fine if it's it's hitting really rough for us. But a tornado. Like, here I am.JulieYeah, there's definitely a good warning with the hurricane, but it's hard for me because the hurricanes are like, should we go? Should we go? What's everybody else, do you know? Yeah. Yeah. So that's hard for me because we're, you know, newish down here. Six years, I guess.AndrewYeah. And after I get used to it, I'm sure there's. I think there's a paradox name for that where like, you prepare, you prepare, you prepare. Nothing happens eventually. Like, we're not doing anything. No one put their shutters up on our street, which last storm, everyone's like, Hey, you need help, Hey, you need help. And I was like, Forget that.AndrewBut what it it made me realize talking to people the next day. So we're in a 2019 KB home, 30 to 85. That'll be our floor plan. That's really great. It sounds like a car. Other than the defective flap on our van and our bathroom that keeps like, rats out, I guess. I don't know that. Like when it when, when there's when it's like, super annoying.AndrewJust like tapping on the house. Yeah. Other than that noise, like dead quiet. I mean, you heard the sound like a bin. Wake us up. So I'm like, This would be perfect marketing if someone wanted to even approach hurricane marketing with building. But it's it's a reality down here in Florida. Everyone else I talked to was like, Oh, my gosh, that storm was so loud.AndrewThe wind was howling. I'm like, Mm. It was really quiet in our house or like, you have new windows and like, yeah, they're like, well, what brands you get, like, I don't know, whatever, like fit the margins for the builder, which I'm sure they're, they're nice, they hit code but they're not going to be super premium windows at all.AndrewBut even then, like it was quiet, like that's worth it. As far as we had three kids, they didn't even wake up as a thing passed by. So big selling point for us. Florida people for sure is just like little bit, little bit ease and peace and quiet. So yeah let's well let's jump into a into story time actually.AndrewLet's get this thing started. So welcome to episode 301 and they are Dr. Andrew Speaker. And with me today is Beth Russell and Julie, Dani and Ariel. I read your 1300.JulieWe didn't start a new season. We talked about it, but we're at 301.AndrewWe got to keep going. We got to hit 1000. That's the next worth mentioning number, I think is thousand.Julie500, five.BethHundred, over 500 like it was in 500.Andrew500. It's like anniversary dates. Like which ones count? Like we'll be 13 years and February like doesn't count, right. 1315. So that's one.JulieUnlucky number 13. It's like the elevator floors. You just don't know. 13.AndrewMaybe we skip it. Then I'll tell her that we.BethDon't have to do anything that our building yesterday during our walk was like talking about how he was only married once and will only ever be married once. But it's because he got a divorce. I never wanted to get remarried and I was like, Oh, how many years even were you married? And he goes, 13. Oh no, I'll skip next year.Andrew13 Oh, Oh, yeah, yeah.BethInteresting.AndrewBut we got a 14. It's fine. Yeah, let's just not count anymore. It's all made up anyways, so let's do some stories. I'll do mine because mine's quick and fun and easy. There is a townhome project that is for sale, like maybe a two or three minute walk for me, brand new. And we don't have much new construction, so I've been watching it and we drive by it.AndrewIt's this shortcut on the way back to our house. So seeing the progress is fun and they look really nice. But here's the thing that is weird, and they have a sign spinner company they contracted to. Yeah, just. Yeah, bang your head on the keyboard. Same. Your instrument.JuliePerson standing.AndrewThere. Yeah, yeah, that's fine. Better like a really like, you know, top notch, like in person that you trust with your kids to watch or like no, you wouldn't trust this person to do anything with anything. I'm like, Why would you hire this company? And I pass by them every Saturday and Sunday. The spinner is out there standing there in the heat, 90 something degrees.AndrewI'm like, That's torture. This poor person having to sit out there like for 6 hours at a time. They have no teeth. And this is I'm not I sound very negative. I'm coming from the perspective of this is your brand and refreshed reflection of your brand. This is an interaction of your brand says I'll call the name said golf went homes and a sign looks really nice.AndrewAnd next you have this person holding it who maybe hasn't made the best choices. And that's where they're at in life. I don't know where I'm assuming a lot there, but you would not be wise to say, how am I hire that person to represent my brand? That's so weird to me. It's so strange. And the rest of the marketing really isn't that bad.AndrewLike the content they produce, like on Instagram and social to to show the homes off of their pictures are actually pretty decent. It's like, why did you make that decision? Yeah.BethIt it makes me think of I don't I'm doing a plug real quick. But for Carlos, the IT presentation at the summit, it's about consistency and that is like being inconsistent with your brand. Every everything is reflective of your brand and everything from the people you hire to choosing to do a sign spinner in the first place. All of that is reflective of your brand.BethAnd so that is that showing that you're lacking consistency can reflect a lot on and raise some red flags for people when they're pursuing working with you as a brand.AndrewYeah, that's the first perception. Is that the first impression? Yeah.JulieWe don't know the background of the story, but it sounds like it could be that the sales person in that neighborhood was maybe given some leeway to make some decisions or do something that sounds like something an onsite salesperson may want, but maybe not. Maybe you're.AndrewMom. I want to know. I think we are going to tour the model home this weekend just to go.JulieFind out more.BethGo undercover.JulieReport.AndrewIt, go undercover. I don't think they know me. Hopefully not through like I listen to the podcast and now on my poopy list because.BethYou think.AndrewI'm getting a haircut tomorrow. So does that count? I don't know. I'll shave my beard off of like, Oh, look at this little child coming in here. Oh, where's your.BethMother? See that?AndrewNow? I don't even want to see that. I don't know. Do the mustache. Do the mustache one time. Yeah, but I'm like, Oh, the sign spinners. And I feel more that most people are like, This person's in this heat. Oh, my goodness. Like, how why would you do that? Versus like, I think that'll be the first thought versus like, oh, that person looks like maybe not near the most trustworthy.AndrewWhere'd you find this guy? They'll be like, You really paid this person to stand out there in the heat for that long. Like, where's the cooler? Where's the water? Was there a.JulieWhat? If you're saying that it's like the owner's son or something.AndrewI'd feel terrible. And there's, like some challenges there that and this is actually like a good job for the person. I would. I'd feel.BethPretty good. But that's also horrible if they're not hydrating them like, say, that's like this beautiful store background story of like they help this guy out and he's out there spending this time with all these.AndrewGuys, very skilled.BethHigh grade him.AndrewRight.BethNow.AndrewIt's this one camera. It's not the well some propels whatever may be.BethGetting my case back like.AndrewYeah, hook them up look them up. But yeah it's it is strange but I a while back I'm like why didn't they just pre-sale. Why don't they just presale. But I see like maybe the way they had, you know, hopefully prices are still going up. There's very limited land where we are, so maybe that is maximizing profit revenue or maybe not.AndrewI don't know. We'll find out the story at some point, I hope.BethJulie But it's interesting, like from a case study perspective of your local person who has seen these homes go up, you know, it's rare that new homes are going up, albeit single family or townhome. So you're watching it. You're watching, you're waiting and maybe you're in the market. So you try to join a list or you've tried to reach out.BethAnd then that urgency is kind of killed. When you see something that's great, maybe it's not as nice as I thought it was. So yeah, it's it is an interesting case study.AndrewAnd they had some goofy stuff with Zillow, but that could be another. I'll save that for another story. Just some perception of like, Oh, that price looks so much lower than it actually is because it hits a different number of you. We'll do that one next week, I guess. Julie, What you got?JulieYeah. So we always talk about how we kind of hear the same things over and over this week. For me, it's been builders saying that home buyers are coming in and asking for everything they want, you know, price of a home and they want all the extra added features and they need an extra room and they need, you know, just all the things and so it was interesting to some were builders who were really struggling in the last month or two and some were like still doing okay.JulieAnd still hearing the same thing. So I have no data on this. So this is my theory. So you can you can disagree with me if you don't think so. I think one could be that there's a perception by some people that maybe it's a buyer's market right now, whether in their market, it really is or not. So they feel like, ooh, they're desperate.JulieLike I should ask for more. And I don't think we are helping ourselves by like putting all these kind of flash sale things on our websites. You know, I think that makes it look even more like they can ask for those things. My second is, and I think Kevin mentioned this on one of the meetings, that if people are going to my Oklahoma accent almost came out right there to hear it.JulieIf people I don't.AndrewKnow.JulieIf people are paying 7% or over, then they're like, if I'm going to pay this much, I want to get everything I could possibly want. Like I don't want to settle if I'm having to pay a premium right now. But yeah, you know, maxed out my monthly budget, then I want everything I want. And then my third theory is maybe if you just have a lot of nationals in your market and the nationals builders are starting to like throw stuff at people because they're just trying to get it off their books.JulieSo that's my theory. What, what do you all think is making people all of a sudden come in and start asking for more and more?AndrewMore?BethWell, I love what you said about like that high level messaging, you know, on the website screaming different sales, because I think it connects to what Andrea was talking about and how the perception that we're showing people. Right. The perception that we're giving off and it's this it reeks desperate in some cases when the high level or the early part of the sales funnel, you're saying, oh, we're going to give you this and we're going to give you that, well, then people are going to naturally push, especially when they're seeing all these things in the market about how terrible and how historic this market is.BethThey're going to try to see if they can if they can get more out of it. On average right now, I think the national average is 6% in concessions on spec homes. And there's some people probably more likely the the big box builders or even in like the the markets where people are having a bit of desperation where they're giving 9% or more in concessions to people to get these homes moving.BethSo I can't blame the buyer. But at the same time, we have to be aware that on the marketing end, what message are we sending to people and how much are they going to push back and what are they what are they going to take psychologically from this message?JulieAnd I think a lot of the sales people haven't ever had to deal with this, probably if they're have just been in the role in for a few years, I mean, before COVID and all that. So it's also I think, training people on how to deal with that if they come in and just want everything.BethOh, absolutely. It takes a lot of creativity from the sales side of things of how to I think the skill of negotiation has somewhat been lost through the process of COVID and people are slowly on the sales side from what we hear, trying to get it back. But it's, you know, this isn't something that they've run into before and it's really, truly unlike anything any of us have really run into before.BethSo there's a whole different bag of tricks that they have to start developing on the onsite side. And a lot of that is just core creative negotiation.AndrewMm hmm. Yeah, that's right. I think more one. Do we think it's a buyer's market or a seller's market? This is just.JulieWell, yeah.AndrewI don't know. I don't even know. It's like I think the market.JulieYeah, I, it, it's a market. I think it depends on the market and I think that Yeah, I wouldn't, I wouldn't call it a buyer's market. It's just, it's so dependent right now on where you are and what's happening I think.AndrewYeah.BethIt depends on who you talk to. A seller is going to tell you it's a seller's market and a buyer is going to tell you it's a buyer's market and it's just because it's a different perception of reality in either direction. And like you guys just both said, it really depends on where you are trying to.JulieAnd supply is still low, but demand is pretty low too. So it's just a different a different market than we've seen lately.AndrewYeah. You're saying that really maybe thinking that I'm like, what kind of market? It's this thing Like, it's. It's almost white out, you know, It's happening.BethBut identity crisis.AndrewIdentity crisis? Who am I? I don't know. Midlife crisis. But it made me think about, like so when prices were going up, they're going up because it still fit the monthly payment, right? Like, we'll just keep bumping the prices up because rates are 3%, three and half percent, two and a half or whatever percent. You kept going up because it still fit.AndrewIf you know the amount of people that can afford 2500 per month is ex cool, let's just keep going until those you know it's and it's siphoned off safe an office vast amount of people and we're really in the same spot it's just like well how less people can afford 2500 and then the combined monthly payment with the perceived value and so they're like, well, we're not going to spend 2500 or 28 or 2000, whatever number may be if they feel like they're not getting value out of it.AndrewSo they're asking for more asking for more. But it's always been about at least my brain. This could be completely incorrect. Whatever they can afford per month is going to be. That's your that is your market. That's how you could sell, too. So if you have people coming in and their cap is 2500 and all your homes based on the average down payment, based on what people can afford, is going to be 2800.AndrewWhile there's very few people that can move from 25 to 28, unless they're talking about negotiation baths, like are they actually being honest with how much they have? Maybe they have another 50 K over here, they probably don't or another ten K every year, or maybe they can move things around and just delay purchasing. They could pay off that credit card or like, Oh, their truck lease has gone in a few months.AndrewMaybe they could stage. Things were like, Ah, they don't have a car for a little bit. This is, this sounds like fraud. I'm saying fraud. Like, let's not get a new car for a couple of months. Now you can afford this house. And if you need to get a new car later or just just wait on that a little bit and all these conversations that are outside of my scope of of contacts, but it's all about the monthly payment is what I feel like.AndrewSo I think the value is where they're looking at. Julie As far as they're asking for more because they feel like I'm not getting that much home at the payment, that it has to be at 6% or 7%. Even so they I rather rent here because I have all these lifestyle resort luxury amenities that are actually better than than buying right now.AndrewSo I think marketing though, like I'm looking at a I'm a builder here. We're rolling back we're rolling back home prices over 250,000 in savings. Right? That's like kind of terrifying, right? That's like.BethWalmart question.AndrewYeah, rolling back. That's definitely a rollback of prices. I think even the smiley face rolls. I think that's a fair remember, we're rolling back prices, but that's like, oh gosh, like why better negotiate? Like, I better try to push the price down even if they don't offer. I think that's like training people to push the price down, try to get more.AndrewTry to get more. Try to get more.BethYeah. And then from a marketing and a high level like C-suite conversation of are we priced right in the market and are we you know we we've seen builders that out priced themselves purposely and then had to roll back their pricing in order to better fit in the market and adjusting pricing may not be the solution. It depends.BethBut going back to what you were saying, Andrew, is data was released recently that said post-tax median income wise, new home buyers are spending like up to 70% of their income on housing right now.AndrewI believe.BethAnd it's like because they have to if they need to move. Right. But that's where I have to.AndrewYeah, exactly. And I still think builders are not really marketing new versus used that way. Yeah. And that's always been a thing like I think we can buy we go back five, 300 episodes ago, 285 episodes go and be like, Oh, we need to sell new versus used new versus used. Like my example with the the windows or your windows are new.AndrewThe average hurricane decibels in your house will be 70 instead of 90. Well, that's a pretty that's like chainsaw versus a I don't know, microwave being on whatever the noises at the noise level for a hurricane. But I think that's still something that is still missed all over the place like new carpet. But what's his name? Quint Ren Lears what I was talking about that there's no toenails in our carpet.AndrewWhen I go look at those, there's nothing. You're like, Oh gosh, that's disgusting. There's no this, there's no that. But you're like, Oh, now that you say that, like lay on this carpet like it is clean. No one else has been on this carpet for the past.BethThis toilet hasn't leaked.AndrewThis toilet hasn't looked like all those things. I think that is like there's tons of value in that without having to go down in price or add more or give more concessions. Just if we talk about it a bit more.BethYeah. And in this market, more than ever, existing homes are looking at new homes as their competition because there's so little existing homes on the market everywhere that they have to.AndrewWhat fun, what a great market. It's like everything everybody. What's that on Reddit? Maybe people like it and it rates. It's a conference. The situation's like, well, you're the I don't want to say the word because I need like my own censoring. So it's like, Hey, am I the ahole or not? And so then people rate the situation like this is kind of like where everyone kind of sucks here thing.AndrewIt's not a buyer's market, it's not a seller's market. Beth, what do you have?BethWell, on a happy note.AndrewYeah, let's do some.BethHappiness regarding buyers. You're just being a buyer. We close on our home next week, so why the time.AndrewIs so exciting?BethYes, it's. It's very exciting. And by the time this episode goes live, we will be closing. Are we living in it yet? But we will be closed on it. And it was funny when we did our walk yesterday, like I said that we had, we were talking to our builder and my husband was referencing like one of the first episodes that I mentioned us going through this process and building our home.BethAnd Kevin was like, He can get it done. How fast? Like, there's no way. And he did it.AndrewSo.BethMan Shout out Charles, Charlie at Die on a Tough lot. So I'm super excited.AndrewWhat are you most excited for with your home?BethHonestly, it's like the home itself. There's a lot of things up the porch. If you've seen the porch, say more. If you haven't, you need to go and find a picture of the porch. And that experience. But it's just being settled like we're living in an Airbnb. This isn't our space. This isn't our stuff. You know, I miss our our pillows.BethI miss the rest of my clothes. I've been rotating through the same clothes for like three months now, so I'm just excited to get the rest of our stuff back and feel settled as a family because we're supposed to be here at least three years, which is long term for us. Yeah, so and it could be even longer.BethSo we really are just excited to feel settled.AndrewHmm. That sounds like a Hallmark commercial. Julie. You could probably really take that and make it sound really good. Feel So let's write a book. Let's write a book about that, Be at home, feel sad. There's a lot of value in that. Yeah, it's like the journey is done. Like we arrived. Like we're here. You can breathe.BethYeah. And final content coming. So, like, I'll do a walk through of the house. I'm going to try to get professional photos of the house, which is done because once we move in, because we live in our homes, is going to be too messy.AndrewLike there's nothing like a model home. Are the neighbor to us. He's OCD. I mean that with all all endearment, like your mother's yard three times like the same spot. It's amazing. His house is a museum. It's insane. I'm like, I don't know. People live like that. And he has guests all the time. But your house. Our house?AndrewNo kids, not you.JulieThat is to make believe.AndrewEven like the. Like I feel like it's like, what's that? And Christmas vacation where the neighbor next door, like their house is like, all these things, everything's breakable. You walk in, you're like, Oh, no, this base is six feet tall. I don't want to stand next to it. Yeah. So that'll be that's going to be the pictures ahead of time.AndrewDid you do any pictures during the build as far as like to know where any electrical things are or that's just not your, your level of commitment to that type of content.BethPersonal. Yes. No no. Part of that is that we weren't local when a lot of that stage of construction was happening. So we have a walkthrough video after electrical. Okay, But it's a little darker. You can't really see much because obviously there's no light and it's a video, so it's not as high quality in this case. And the time of day we have trees blocking the sun too.BethSo like I could make it out and I have like a good idea where things are. And I saw a frame and took a bunch of pictures at frame but could have done a better job.AndrewBut my last overly personal question, this is the first time you lived in the South. You were in Texas before.BethNo, we've lived in the South for most of the time. My daughter was born in North Carolina.AndrewOkay. Okay. There you go. That's that is south. It cools down there. But to me, you have to have fans in every room. Is. Is that you? Okay?BethNo. So here's the thing.AndrewShe's crazy.BethI know. No, it's actually part of his budget. Part of it is like, I'll try not to put a fan in eventually, but the fans that like the vendor was charging for, like, I'm not going to pay that. Oh, I can. I can put in a fan.AndrewAndrew your hubby is pretty cool. Does he even do the latter.BethIn this house? He will because they're very nice. Nice. Yeah. We'll put in our own fans in some places, but we have fans all on the porch. We have fans in the main living areas and then I'm the person that like keeps the air on like 68 nice at night.AndrewI like it. That was our first when we moved in. That was the first thing we went to Home Depot or Lowe's. What I think pretty sure is Home Depot. I think that's the thing. Growing up, you either go to Lowe's or Home Depot and that's how you stick with your life. I'm a Home Depot person. That's just where I'm loyal to Home Depot.AndrewI want the floors that look like that. I want the orange and white signs. I think we bought like 14 fans. And that was the first thing we did before. Yeah. Wow. The fans are coming in. Yeah, we need the fans. So, look.BethI'm just thankful for Labor Day sales because it's helping.AndrewUs out. True.JulieRight. It is. It's good timing. That's true.AndrewIt is perfect timing. We'll see if there's any builder of Labor Day sales. That'll be fun to watch. I haven't seen any yet.JenHey, online sales specialist, your D convert coach Jen Barkan here, Are you looking for guidance, structure and proven methods to help you set more appointments and create more sales? Then join online sales coach Jesse Suggs and myself. We are offering an intense two day virtual training experience, followed by eight weeks of training and coaching through our online sales academy.JenThis fall. Jesse and I have been in your shoes and we teach from our direct experience and years of coaching online sales specialists. Just like you. This will be hands on and real world no theory here. If you're interested, don't miss this incredible opportunity. Reserve your spot today by visiting. DoYouConvert.comAndrewWell, let's get on to the news. We have this first one. This is a this is interesting from NAHB talk. We love them. Zillow Redfin Partnership increases exposure for new construction listings. So this one is interesting. Essentially, all your listings will be pushed over to Redfin and Zillow and Redfin are being friends. It feels kind of shocking, but it's mutually beneficial.AndrewWhat do I think about this?BethYeah, I think it's exciting.JulieI think it's a great thing. I mean, it it sounds good. It's more exposure for the builders. I don't see any cons from our end on it.BethBut I think the big win from it is that they're syndicating the builders content, not just the MLS listings, which is huge because that is the thing that was been that was so hurtful to so many builders was like, No, we don't want to use the MLS. We want to have control over all the content and not it not be the MLS content.BethAnd so the fact that they're going to be putting their community pages on which if you have your feed set up properly, then it's the content that you own from your own website. So that part is the cherry on top.AndrewThat is, that is really nice. Yeah. More exposure the better. I like it. I think it's a, it's a win for everybody. Zillow, Redfin builders. Yeah. The whole home construction industry like the more I think we forget about that, the more people that see where it says what's out and selling says new construction. It's like blue and white text.AndrewYou start seeing that more and more and more like that just fuels the demand. Just like if you're car shopping and all sudden or this is opposite here, hurricanes and saltwater and Teslas apparently don't mix. So now there's all these not so great jokes about Tesla. They catch on fire. The saltwater, apparently, and the batteries. I had no idea.AndrewThere's been four Tesla fires since Tuesday night where I'm at in Pinellas County. I don't know how I'm playing them. I thought Xbox with my hands, which is like a foot wide, but I'm like, Oh, enough. So that Lindsey, my wife, texted me and we are looking to get in Tesla next year. It's like, Are you trying to kill me?AndrewAll these Teslas are catching on now.BethThere's just the nightmares, the awareness.AndrewThank you so well, don't go like in the water, like a submarine. This I think that's the that's the goal there. But it just increases the awareness, increases demand. Just having it out there that much more, which is great for for all builders that's Yeah.BethAnd I think like it's a good like we're getting recognition that we're important to you know what I mean? Like we want to be seen more in our content matters, our listings matters, Our, our homes matter. Everything that we do matters. Okay? And so, like, put us out there more, man, And it's right on the heels. It feels like we were heard.AndrewRight?JulieYeah, it did feel like for a while we were getting buried on some of these sites by all the existing homes and we would be like on another tab if you didn't do that. So. Oh, yes, It does seem like now that new construction is such a big percentage of what's available and out there we're getting a little more love.JulieThat's nice.AndrewThat's right. But it's the the slogan for the Builder show. Oh, it's right there. It's on my brain. Oh, my goodness. I don't.BethKnow. It's not my.AndrewBrain. All home start here. And people are like, Oh, that's cute. And they think about it like, Oh, I want to say a bad word. Can I say bad word? I'm not going to say it backward. Be like, Oh, I be like legit, like every new home. Some people are anti-development, right? They're like, not my backyard or whatever it may be.AndrewBut you know, okay, so homes are going away. Attrition just naturally, hurricanes, they're going away all home start here. So homebuilding is so important. Like every new home starts with a builder, like the homes that are 50 years old. Good. 20, 73, that home that's 50 years old with all the character at some point had no character, wasn't redone and painted 15, 20 times.AndrewSo yeah, just the awareness on new homes and just that say respect. That sounds a little weird. And I'm like, like sucking up, but like, it's pretty important. Like new homes. New homes are important. Yeah. Let's go to some. To me, this is maybe I'm spicy today. A little spicy.BethThis one's from real spicy.AndrewI'm like, double caffeinated may for some real estate news.com. It's titled Maui Broker Hanging up on Vultures Holding on to hope. So I read this, and I'm friends with someone from Hawaii. We train together as as often as we can. And I'm like, Man, this, like, gets me fired up a little bit for some reason. Essentially, we had all day that we I didn't experience this.AndrewI can't count that as mine. All the fires in Hawaii and just the developers and brokers and just investors, anyone trying to get that land which is so limited and also so valuable and just kind of like disregarding like there's people still like they can't go to their homes. There's the, what do they call them? I forgot the zones you can't go to because they're sold active, burning all that already jumping in like vultures is.AndrewBut this article describes trying to pick up the land or houses that burned down. But were y'all's feelings and thoughts on this very complex history? Very complex history. So it's delicate.BethThe one one word ick.AndrewYes.BethIt's sad. Like we you know, we had had this conversation with the builder the other day and and prep for my summit talk. I had this conversation of like, we forget that this is an extremely personal purchase and journey. Like these people are going through an extremely personal thing and we're just like, people are just going in there and being grubby, you know?BethAnd it just it's just.AndrewIt's just epic.BethI understand it. I get it. But it's like.AndrewYeah, I get it. Yeah.JulieAnd then because of that, they put a moratorium on the land transactions, which is bad. Yes, it's good because they did it for a good reason. But then it's also bad for the people who really are trying to do, you know, a land transaction that was already happening or just trying to do business and get back to normal.JulieSo they're having to do it because of people doing wrong things and then it's slowing everything else down. So it's just frustrating that those people are screwing things up for everybody.AndrewYes, it I didn't intentionally try to set up this way, but 2 minutes ago I was like, we need this, like respect for homebuilding. All homes start here. And then this kind of goes it's like, well, how can say both things? It's like, But if we want that, like less of the attitude of not in my backyard or like, Oh, developers are this or this, it's like, Oh, this type of article, like, doesn't really help even kind of forgetting about the not forgetting about the history of like the United States to the Kingdom of Hawaii and like that history there.AndrewA lot of people in Hawaii. Have you know, a lot of mistrust to people on the mainland and all that, rightfully so. So then you have people from the mainland trying to come in and once again, and their their perspective, get this land. This sounds like it's a little political, but I'm not trying to be political at all.AndrewIt's but it's yeah, it's really interesting reading that. And the broker gives his stories about he's taken all the calls. He's the one wanting to voice his thoughts and concerns and feelings to the people calling, trying to buy the property that's burned down while these he had, I think, had eight, eight or nine agents in his office. Only two of them have somewhere to live.AndrewAnd they're still working, probably because they have no work, limited places where they can go. So working is actually like a nice break from wherever they're having to stay at and they're having people like, Hey, I'm trying to get this house, like just interested in buying it looks like more. And they're like, Are you kidding me? Like, I'm sleeping like and my mother in law's house like, Yeah, get out of here.BethLiterally, the dust has settled and cleaned up and it's just, you know, it's sad.AndrewIt's like the roofing ads and flooding ads. We start to get like, the day of the hurricanes. You're like, Come on. Or especially they start knocking on the doors and they're like, Hey, let me inspect your roof. It might have been damaged. And you're like, Get out. This is insurance fraud. But a little like most of the time, like, where are you from?AndrewAnd we were yeah, they truly try to try to push you on that. Oh, let's see. We got one more from Inman. This one work. For all I know, we had some trouble with with getting that pulled up. Okay. Okay. Here we go. Let me get here. Home buyer mortgage demand picks up for the first time in six weeks.AndrewWhat's exciting.JulieWhich is good I mean, it's. It's up 2%.AndrewYeah, I feel like a little There are.JulieMany things that could, like, affect that, you know? So, I mean, it sounds like it's exciting and maybe it's exciting. But also I look at it and I'm like.AndrewOh, okay.BethThat's interesting.JulieIf we keep setting up.BethWatch all this more engine housing news, like every day, they're like half a percent, you know, like they're celebrating every little like blip or change, which I get. But it's almost like, okay, like just like you said, it's like you don't really have a reaction to it anymore.AndrewThat you're kind of numb to it or used to it, or you're like, This almost feels like like a parent asking a kid, So how's your homework going? Well, I'm almost done. I did so much better than last week. Just forget about that. I stayed behind a year and I'm repeating same grade because we're actually down. We're down 27%, but we're up 2% this week, which is you always have to go deeper.AndrewIn articles, which I did a post on on LinkedIn seems like Monday or Tuesdays I get in some mood where it's really easy to write. I'll probably start putting them on the website instead of just posting to LinkedIn so that everyone can see it. But like you really have to deep dive on to like if a metric is being shown, especially a single metric like mortgage demand picks up and that's applications.AndrewSo applications increased 2%. You need more context to that than just one than just one number was a pretty much hold. And ten of my my blog posts I then I talked about like we only understand what is applications is that unique applications maybe people are actually I don't even know like it's getting nerdy It's it's actually unique applications are up or people now applying to more than one place.AndrewAnd so applications are up because there's more applications being submitted. I don't know. So actually applications down, I don't know.BethBut depends on what they of these two.AndrewYeah, total applications could be up, but unique applications or household applications, whatever you want it to be tied to a person could be flat, even up or down. But I mean, this all seems positive in the right direction. Of course, interest rates are, you know, all over the place. Yeah, they're they're fun to watch. I follow Lance Lambert on Twitter for my interest rate news.AndrewI think a lot of people do. He's like on it every day, multiple times throughout the day. So.BethYeah, it'll be interesting to see like when this podcast goes live, what the latest article is or what the percentage, you know what I mean?AndrewI hope it keeps going up, but it's a fall. I mean, if you look at just Google Trends or if you're if you have home builder home builder datacom access like the seasonality is obvious. This is the back half of the year. It goes down. That's just what it does. It's just how it is. Yeah. So be interesting.AndrewSee how that how that goes. But there's also inventory for existing homes is still all time low. So will it kind of counteract that? I don't know. I guess we'll find out. Buckle up. Buckle up. We want to go on to Kurt Favorites or did anything else pop up we should talk about because we do have three news articles.AndrewWe kicked one out.JulieWell, we had the question of the week.AndrewOh, Crime of the week. How can we forget that?JulieYou see that one?AndrewIt said, Who wants to read it if you haven't pulled out before me? That's good.BethOh, I don't trust myself to read it. I'm like, going to fumble like three one.AndrewI was written like 400 bucks, so she should probably read it.JulieI'll try it. Right? Yes. And we won't say the builder here. Okay. But we'll say, basically, I keep thinking about social media and how feasible would it be for a home builder to try to monetize it. I wonder if you have any experience coaching home builders on this or would be willing to approach the topic on one of your podcast.JulieI'm not sure what monetizing could mean for us when our core following on Instagram is real estate agents and our post are more brand and sales oriented, seems like we'd be able to monetize easier for audience was made up of more vendors and subcontractors, and we offer sponsored content to promote materials we use to build our home. So they're asking about monetizing, making money off of their social media accounts and posts.JulieSo I have lots of thoughts. You'll have thoughts.BethI have so many people, if they're not watching the podcast recording, they should be right now just because of the faces not cooperating with me.AndrewI was like.BethI'm thinking.AndrewReally positive. Hurry, be honest.JulieThank you for sending a question. That's amazing and we love it. And this is such a fun one that I don't think we've ever I don't think we've ever talked about before. So if you sent this question, this is amazing. Thank you. And yeah, we have.AndrewBuilt some parameters.BethAbout this before. Like it's a natural thought that people have probably looked into, like people are making money off these platforms. Maybe we can extend our revenue and make some money off of this, too, but let's think through it a little bit.AndrewYeah, maybe we focus on. So let's let's define monetization. The the person asking the question stated that they're looking to sponsor based off of like manufacturer sponsors. So not trying to get like money from Instagram or Facebook or whatever. So like hey will post your I don't know, whatever brand facets, cool color, 300 bucks for and they'll do a post about it or like a series of posts.AndrewSo that type of monetization versus trying to get 100,000 followers and have you know, million plus views on reels which that seems much more daunting, although they should be doing the same things to get that amount of use. Because if whoever's doing the buy essentially on their account, we're like, great, your reals, get 400 views, here's $6 or something.AndrewI don't know.JulieSo and to be fair, we used to do this back when I started, when like if we wanted to print a new brochure, sometimes there would be vendors come to us and be like, We will help you pay for that. If you put things about our products in the brochure, you know what I mean? So this isn't a new, totally new concept.JulieIt's just new to this this avenue or this distribution channel. But I would look at what what is your goal of your social media accounts? Is it to make money through avenues like that or is it to connect with your potential and current home buyers? So I think that would be number one if changing the avenue is going to impact that in a negative way.JulieIf you start talking more to subcontractors and vendors, then you're not talking to your number one customer and audience who are home buyers. Number two, when you think of monetization, you're thinking of giving somebody else those advertising eyes, but you are you're advertising yourself with that. You may not think of that organic as like you're selling yourself, but that's your own space.JulieSo I think you need to protect space. And then if you do want to do something along those lines, I would think of it more in the terms of a collaboration than a monetization So to collaborate with another social media account or something, I can see possibilities there. But the monetization I can't see how that long term would bring you more success to your home building goals than using that avenue for, you know, for your number one goal, which is, I'm assuming, selling homes.BethYeah. And I think like, while it's tempting, we have to look at who we are on Instagram. Are we an influencer or are we a brand? And, you know, it's the brand who collaborates with the influencer and pays the influencer for the posts, not the brand, taking money to do posts for other brands. And so just knowing our role on these platforms like, you said, and how how we are perceived to the customer or the people interacting with us on these platforms is vital in that decision making of if we pursue because it is interesting, right?BethIt's just like if you have a model home and you can link your model home furniture to a store and get a little bit of a kickback to, you know, sending them to the store to for buying that product because they found it in your model home. Like, it's an interesting concept to look into, but ultimately, you have to know who you are in that scenario and who you are to be your audience before you make that decision.JulieAnd is it a distraction? You know what I mean? Like it's just distracting you from your your main goal.BethYeah, I like the idea of the collaboration of like, you know, collaborating with the the brand who makes this faucet. And I'm showing this faucet being used in a beautiful trend setting brand new home versus, you know, me selling that faucet.AndrewMm hmm.JulieYou're still speaking to your home buyers.AndrewI don't know if there's anything to add based on what he said, and I have no idea that was perfection. But I think the only thing I could add is we have this very expensive resource, finite of time. And if you were to spend, let's say, 5 hours a week dedicated to this, could that 5 hours which five times 50 to 200 fit, say 200 hours a year, be put toward something else that would have much higher revenue, much higher profit and then for your career growth, because I assume this is the market that ask the question could that then so that 200 hours per year benefit them better for their career and some otherAndrewway? And I feel like the answer is yes. Like I think learning how to grow the account, that's very valuable, especially if you were to, let's say you're working with a regional builder and then you kind of went to National, you're like, Hey, I took this local builder, regional builder from 2000 followers to 20,000, you know, I work for a big builder like, Oh, well, you know how to do this process That could be valuable.AndrewBut I think chasing this is I don't mean it offensive, but like chasing kind of like the pennies and dollars when you could you're kind of ignoring the, the checks with the commas in them. I'm trying to get like 200 bucks, 300 bucks when it should be like we're trying to make 20, 30, 40, 50, 100,000 on, on selling other products.JulieYeah. I don't think the math adds up.AndrewYeah. And just like the time, but maybe it could be a fun. We have interns or you're just intern paid interns. I mean, I think all interns should be paid, but we had like, a team of people, like, Hey, we have someone who's at X rate per hour. They're dedicated to this. They manage and run it. Cool. That can make sense.AndrewBut I would be wary of like some of that we talk to on a daily basis. I'm like marketing coordinator, director whatever their title might be. Like, Hey, I'm a spend a fifth of my week focused on this week. Oh, like you could probably have a lot more revenue driven activities doing something else versus that. I think it's a fun idea.AndrewLike it's a good idea.JulieLike it's fun topic.AndrewYeah, yeah. Shout out to just putting it out there and asking it. Most people I think, would not ask it. So. Yeah, yeah.BethAnd I love it. You talking about I think it was a great question.AndrewYeah. Well especially we see in other industries all the time. Yeah. Like all over the place. But I think it is, we are industry so special. There's big revenue attached to it. So then one transaction lot of revenue compared to, let's say, you know, I'm in the fitness space and so if you're selling like a supplement, you're like, cool, it makes six bucks per, per jug of whatever or whatever.AndrewSo it's a little different thing when it's like, Oh, that one transaction, $6, this one transaction, 60,000. So yeah, one transaction is important. Fun question, Fun question. Move on to current favorites or not. So favorites. Yeah. Favorite. Not favorite.BethOh, not favorite. I don't have a not favorite this time. Last time I went on like some random like Brant. I don't know. Who knows. But this time I have this link shout out to my cousin who's the reason why I'm addicted to this, but I forget. Okay.AndrewOkay. Get ready to be present.BethHow do you pronounce it?AndrewFirst, Julie?BethI'm going to pronounce it wrong and everyone's going to make fun of me. But, like, forget it. Oh, like the.AndrewYeah. Shit. Yeah.BethOkay. Push it out. And then goat.AndrewCheese. I like goat.JulieCheese. That was my favorite.BethAnd then hot peach chutney.AndrewOkay, Some spicy, peachy stuff.BethSpicy and sweet. That's the beauty of it. And then you have the salty.AndrewAnd it this you just like random.BethI went on like a like a whole week where it was my lunch every single day. Every day I just made a plate and I would like, text a picture to Karla. I'd be like.AndrewI'm doing. Yeah, that sounds good. Does that sound good?BethSo try it, everybody. Costco sells goat cheese in, like a two pack. That's much cheaper than the grocery store. You're welcome.AndrewYeah. Forget the grocery store and you go through the goat cheese. Okay. We'll need a new recipe next week. Julie.JulieMy not favorite is the bad school germs, because I have something that my son had. And then now I have. And my favorite chick, a big shot of DayQuil before this podcast took NyQuil last night and they were laughing. You probably can't see on the camera, but I drink a Coke, which I'd never do, but it looks like red wine.JulieBut it's bad. It's not.AndrewIt's not.JulieAware. So that's what got me through this. This podcast is sponsored by.AndrewDayQuil and a.JulieLittle bit of caffeine.AndrewFinally. Well, my new favorite is, I think last time I talked about how this oh jeez, I'm getting wrapped up this boom, this make boom stand is terrible. It was on the floor next to me, blue, which is like a legit brand that's like a hundred bucks. Which, I mean.BethI thought it was a woman at first. I was like, What are you doing? Andrew?AndrewWhat happened to your legs? Yeah. So I'm like, Oh, let's go. Premium, right? Buy once, cry once, just get it over with is the best one and it usually works well, but If the humidity changes or stuff, then it starts to just my micro just be like falling down, falling down. So I'm like, I need to get one.AndrewThese cheap boom stands that you just really you have to lock in place. I haven't touched this really. I don't think since they put it in front of my face for the podcast, this was like a $20 knockoff one from China that someone bought 20,000 of brown container ship to the Amazon for from Amazon. They're making a bunch of money now and now this is great.AndrewIt's my new favorite. I don't even know what brand it is because there's like 30 of them that are exact same thing on Amazon. You just pick the one that's like then show up the next day. So that is exciting. So that's my favorite. My least favorite was I don't know what it is. We have three Starbucks. Oh jeez, Where I'm at, there's a Starbucks within 5 minutes, like every corner has a Starbucks where I'm at.AndrewSo from our house, there's three within 5 minutes. East, north, south, right there. Hurricane time comes. I'm like, Well, let's get our last Starbucks before everything shut down tomorrow. Like you just notice me shut down. All three of these places were closed. It was like seven in the morning. Hurricanes gets there, allegedly. That's when picks up at like 10:00 at night.AndrewIt's since COVID. It's so weird. At least down here. Maybe they're all like this. I have no idea. The ones down here, if they just decide to not be open or maybe like enough people don't make it on the shift or whatever, they just close up. No signs, nothing. They're still open on the app. So Starbucks.JulieYou're making me frustrated. Before the hurricane was like this one bad enough that some people left town.AndrewSo we didn't get the vibe. There really wasn't many who did evac our evacuations. If you're familiar. Like it's like mobile homes. Okay, Those are evacuated. Nursing homes are usually evacuated, depending where they are. And then like if you're on the beach because they close, the bridges are back evacuated. But like most people didn't board anything up there wasn't like it really was like, oh, it's here.AndrewBut like, it was pretty calm, like the vibe. If you go to the store, there's no water. But that's kind of like the usual thing. There's no water and like random stuff that just is gone. But it wasn't the same tense feeling like when we had Irma a while ago where we're like, Oh, this is serious and everyone's kind of sick, really freaking out.AndrewSo I want to. Duncan was open, Chick-Fil-A was open, McDonald's of every other place was open. But Starbucks, what's wrong with you? Oh, well. Well, that's it for this week. Thank you for listening. And don't forget to become a member for free Converse all Access community app for homebuilders and developers. What's the scenes videos from the podcast? Frequent exclusive postings and analysis from the USC team, access to private hangouts and much, much more.AndrewSee all next week.BethNow have a good one. The post Ep 301: There's No Toenails In Our Carpet! appeared first on Online Sales and Marketing for Home Builders - DYC.

Are you prepared to navigate the turbulent waters of the current housing market? We think you might not be, but don't fret! Join us in this riveting discussion with Lance Lambert, Real Estate Editor at Fortune Magazine, who dissects the unexpected resilience of the housing market amidst the pandemic and high unemployment. With his keen insight, Lance helps us unpack some critical trends, from the shocking deterioration of housing affordability equivalent to the 2006 peak, to the strategies and adaptability of home builders like DR Horton amidst material cost increases. We also delve into the precarious situation that some renters find themselves in, stretching beyond their financial limits in the face of the current affordability crisis. Lance also shares views from renowned economists like Robert Shiller, who raise an eyebrow at market exuberance and predict a sideways market in the coming months.But that's just the tip of the iceberg. We also take a hard look at the reluctance of institutional buyers to invest in homes due to unfavorable math and cap rates, and evaluate the potential impact of changing state tax policies. Join us as we traverse through the complexities of the current market by comparing it with past trends, and explore the intricate links between consumer sentiment, the stock market, and home values. Tune in and equip yourself with knowledge about the risks of fiscal measures and the vital role of income growth and rate reductions in restoring market affordability, all encapsulated in this thought-provoking episode.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.The Canadian Money RoadmapDiscover strategies to save, invest, and grow your money effectively.Listen on: Apple Podcasts SpotifyFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

The stellar June CPI inflation report is top of mind for Mark, Cris and Bernard.  The report arguably couldn't have been better, as the conversation makes clear.  The podcast then turns to a discussion of whether the worst is over for the troubled single family housing market with Lance Lambert, the real estate editor for Fortune. No one has a better pulse of the market than Lance.For more on Lance Lambert, click here or follow him on twitter @NewsLambertFollow Mark Zandi @MarkZandi, Cris deRitis @MiddleWayEcon, and Marisa DiNatale on LinkedIn for additional insight.

The real estate market was supposed to crash, but it didn't. Interest rates were supposed to cause a significant slowdown, but they didn't. Hot markets were supposed to give buyers a break as activity plummeted, but...well, you get the point. The 2023 housing market could be summed up in one word: weird. With the Federal Reserve fighting against the market, sellers refusing to move, and buyers still dealing with record-low inventory, many of us question whether or not we're stuck in a real estate-inspired groundhog day, where 2021-2022 repeats until infinity. While this (probably) isn't happening, the real estate market is showing signs of restarting after a mortgage-rate-caused flash correction. Lance Lambert knows about this all too well. He's been reporting on the housing market for years and knows exactly why America's property market has become so polarized, even with such immense downward pressure. With cities like Austin still in the slumps and markets like Miami hitting housing price peaks, where is a safe place to invest? If you want to get a macro sense of where we are in the economy, how the housing market works, and why the Fed is having such a hard time, this is the episode for you. Lance brings us back to 2020 and explains how the pandemic fueled “gigantic” demand that was never met, why a housing crash didn't happen, and whether or not mortgage rates could go even higher. In This Episode We Cover The “polarized” housing market and which areas are staying red hot while others freeze The post-pandemic property market effects and how the housing market hurt inflation efforts from the Fed Mortgage rate predictions and what could cause rates to rise or fall this year  East vs. West Coast and why cities like Seattle, San Francisco, and Los Angeles cooled off so quickly  Affordability updates and why builders have the upper hand on the Fed  The “Two C's” that are controlling home prices and the housing market in 2023 And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fortune's Lance Lambert on the “Polarized” Housing Market The Top 10 Housing Markets Forecasted For Strong Demand This Decade Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-108 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The US real estate market is a bit complex. In the South, homes are still quickly getting under contract as those from the North and West move to warmer climates. But demand is brewing in states that you probably haven't even considered. Plus, a comeback no one expected could be on the horizon. In a market like 2023, anything and everything is up for grabs, and we could be back to the wild housing market we thought was left behind in 2022. To put each area of America head-to-head, we've got Dave Meyer, Henry Washington, James Dainard, and Kathy Fettke, representing the Northeast, South, West Coast, and Midwest, respectively. Each of these markets has its own set of benefits, ranging from affordability to strong job growth, optimal climates, and appreciation. So which area could be the best bet for investors in 2023? We'll touch on the latest housing market data to see where each of these regions stand, where median home prices are heading, why often overlooked markets are finally getting the attention they deserve, and whether or not the West Coast truly is the best coast. If you want to invest but don't know where, stick around!  In This Episode We Cover Pitting the Northeast, South, West Coast, and Midwest markets against each other The surprising cities that are seeing HUGE competition even during a slow housing market Tertiary markets outside of big metros that could be solid investing areas  A West Coast comeback and why demand is increasing in traditionally high-priced cities MASSIVE price jumps throughout the South (and the few cities where prices are falling fast) Affordable appreciation and why markets with low-priced homes won't stay that way for long And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Henry's BiggerPockets Profile Henry's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Hear Our Interview with Fortune's Lance Lambert on the “Polarized” Housing Market The Top 10 Housing Markets Forecasted For Strong Demand This Decade Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-107 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

You’re listening to a podcast by Lance Lambert Ministries. For more information on this ministry, visit www.lancelambert.org or follow us on social media to receive all of our updates. This is the fourth episode in our season of testimonies of brothers and sisters, some of which were given at Halford House. These testimonies are being shared in preparation for the release of Let the House of God Be Built: The Story and Testimony of Halford House. Lance Lambert wrote this book to document the lessons learned in the Lord and the miraculous provision of the Lord to those who met at this house on Halford Rd. The audiobook for Let the House of God Be Built will be released at the end of April. In this episode, we will hear brother Stephen Kaung share his testimony of how he came to the Lord in China. This testimony was shared at Halford House. May you be obedient to the Lord, even in costly things. May you know the deep deep love of Jesus.

High quality products demand a perfect environment to thrive. Chief Marketing Officer of Grove Bags, Lance Lambert says that perfection can be obtained with a little bit of science, a keen eye for details, and a lot of handshakes. This week Lance and I are discussing how Grove Bags is showcasing the passion of the cannabis community with the perfect storage system that outperforms stereotypical jars and baggies on every level. Lance shares how his grassroots marketing efforts are focused on navigating the Wild West of the booming cannabis industry through education, establishing trust with growers, and breaking stereotypes along the way. Some highlights of what we cover: How stereotypical sandwich bags impact the highest quality cannabis Why you'll never see a Grove Bags ad on Facebook The details of Lance's bottom-up and top-down marketing strategy How Grove Bags is disrupting the perception of cannabis users and demanding industry innovation   Lance C. Lambert spent years cultivating brands and telling stories in the digital media and marketing space prior to shifting his expertise to the legal cannabis industry in 2013. He has had a strong focus on marketing and business development ever since, taking several brands global. In 2022, he was named Chief Marketing Officer at Grove Bags, where he was tasked with growing the company's footprint at home and abroad. As a cancer survivor having grown up in Northern California, he embraces and actively advocates the benefits of cannabis.   Connect with Lance: LinkedIn: https://www.linkedin.com/in/lanceclambert/ Grove Bags LinkedIn: https://www.linkedin.com/company/grove-bags/ Grove Bags IG page: https://www.instagram.com/grovebag Grove Bags YouTube page: https://www.youtube.com/channel/UCA6-oCo8HcL_0xQqver4-FA   If you're a brand who needs tangible ways to put purpose into practice throughout your marketing, this is what the host specializes in. Contact Jacqueline Lieberman at her marketing consultancy www.brandcrudo.com or jacqueline@brandcrudo.com.  See omnystudio.com/listener for privacy information.

We are just a few days away from the release of The Glory of God by Lance Lambert. The Glory of God will be officially available for purchase on February 28th and you can pre-order your copy on our website! We are also hosting a giveaway on our Facebook and Instagram page with free copies of the book and other fun prizes! In our last episode we listened to Lance preach about the God of glory appearing to Abraham and how Abraham Ur of the Chaldees became meaningless to Abraham after he saw the city which has the foundations. In this episode, Lance will preach from Acts 28:17 about the Glory of God as the Hope of Israel and how the destiny of Israel is glory. Let’s listen.

Lance Lambert is the real estate editor at Fortune Magazine. In this conversation, we talk about the housing market, mortgage applications, interest rates, federal reserve, and trends & insights across housing and rent. Lance studies the housing market day-to-day, and has a lot of information. ======================= Announcing LYCEUM | Miami, a day-long event on March 4th in Miami Beach hosted by Pomp. We're gathering an explosive group of experts to engage in a series of bold discussions, covering topics from investing, emerging tech, longevity, space exploration, entertainment and more.The speaker lineup includes names such as investing legend Cathie Wood, NYT bestselling author Vivek Ramaswamy, billionaire Christian Angermayer, master of Contrarian Thinking Codie Sanchez, Modern Wisdom host Chris Williamson plus many more. Listeners will receive an exclusive 40% discount on VIP and Insider Pass tickets with code POMP40. General Admission tickets are free of charge. Spots are limited so head to lyceummiami.com to buy your ticket today. ======================= Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ =======================

Hear from the CMO of Grove Bags Lance Lambert. Focusing on both domestic and international cannabis, he's traveled the world to promote the cannabis industry and break the stigma. As a cancer survivor, he's seen firsthand how cannabis can save people's lives and also has a podcast on Haze Radio called Cure to Consumption. Get ready to learn all about the plant. You may even get some tips for your home grow!