The Money Mindset Mentoring Podcast
Steve Hamoen covers sales and marketing mastery to overcoming challenges, scaling through team development, and harnessing the power of mentorship for rapid growth.
#12 - Leverage and Market Shifts in Real Estate with Mike Magna
In this episode, Steve Hamoen and Mike Magna explore the current real estate market, discussing shifts in values, interest rates, and affordability challenges. They delve into investment opportunities, analyze a real estate case study, and forecast on future commissions.
Key Points
- Historically, real estate follows an 18-year cycle characterized by a steady rise, a brief pullback, and then a substantial boom, suggesting long-term holding as a sound investment strategy.
- The current market is experiencing a unique situation with rapidly rising interest rates and a significant drop in real estate prices, leading to a shift in buyer and seller behaviors and impacting the affordability and supply chain.
- The conversation indicates that the real estate market is heavily influenced by external factors such as government policy, global economic trends, and the lending environment, which affect consumer confidence and market dynamics.
Chapters
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| 1:02 | |
| 3:06 | |
| 7:09 | |
| 10:07 | |
| 11:20 | |
| 13:06 | |
| 15:00 | |
| 16:01 | |
| 18:33 |
Transcript
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