Episode Details

Huge News! Tim and Julie Harris are providing 250 live mastermind meet-ups in 2024. Chances are there is an event near you. Best part? These events are free! Grab your spot now: https://app.getriver.io/tim-and-julie

Happy New Year!  Let's get ready to Roar in 2024.  

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com

2023 was the weirdest year in real estate history, where we played interest rate ping pong, a hot first half, a slow second half, pricing all over the place, falling inventory levels, and predictions of a recession.  

We followed that with 2023, where sales fell off a cliff, ending up with fewer than 4 million closed transactions, lower than lower-than-ever inventory, but by the end of last year, we finally saw things start to turn around.  Refer to our end-of-year predictions podcast series for all the facts!

FREE Meet-Up In Your Area : Please RSVP now for the Tim and Julie Live Meetup near you – a FREE, fun, and casual event to kickstart your 2024 with motivation and focus! Gain invaluable insights, connect with industry leaders, and make 2024 YOUR BEST YEAR EVER. Secure your spot at https://app.getriver.io/tim-and-julie. Don't miss out on inspiration, expertise, and networking opportunities. Let's do this!

Are you ready for a New Year, a New You, and a New Market?  Us too.  Today we'll talk about what to watch in your market so you can stay frosty with the facts, talk the talk, and feel 1000% confident talking about real estate with your past clients, your friends, prospects, and future clients.  

Knowledge = Confidence, and ignorance = fear.  We're here to educate you, motivate you, and get you into action.

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What to Watch in 2024

1.     Inventory is everything.  When inventory increases, your buyers have more choices, but your listings have more competition.  You need to be tracking the total number of active listings not just in your market, but in each MLS area, zip code, and town in which you prospect, market, and transact.

Remember: As long as there is more demand than supply, prices will be stable or increasing.  There's no price crash on the way.  Remove that thought!

2.     Track what the builders are doing.  Are they driving all of the sales due to builder financing, lower rates, and buyer and Realtor incentives?  What's being built in each area and price range?  This is also part of your Inventory Tracking. 

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3.     Track price reductions.  Which areas and price ranges seem to be struggling?  What's the aver