Is It Over, Housing BUBBLE Popping? | Real Estate Training (2)

Is it OVER, is the 10-year+ housing BOOM finally over? Is the real estate 'bubble' popping? What are the leading indicators that will give you real, unbiased housing market information? 7 - New future housing developments. Residential land developers (or builders) buying land? If developers and builders aren't confident they stop buying land. Reminder, you promised yourself you would become a HARRIS Coaching client. You are done wasting time and ready to follow a proven path. Now, while you are here make the next natural step and join the 1000s of other agents as a HARRIS Real Estate University coaching member. No more waiting or procrastinating. Join now. Here is the quick and simple enrollment.—-> YES, Enroll Me Now In Premier Coaching. I WILL make NOW my best year ever! 8 - Price reductions . This is a great indicator of what's happening in your market and easy to see 'what's hot and what's not' on the hotsheet. Mindset Tip: Avoid the lagging agents. They will only demotivate you and share their 'excuses' why they are failing. 9 - Number of Expired / Withdrawn / Temporarily off the market homes . When you see more expireds, something is happening. Are the aspirational, non-motivated sellers giving up, or is there just too much competition to get that price? 10 - Number of open houses each weekend. If a house sells in the first 72 hours, it probably isn't going to have an open house. 11 - Companies who have been selling stuff to agents start to dry up . Those companies only thrive in a fast and furious hot seller's market! 12 - You're getting your buyers in contract faster, with less competition! Buyers will start to regain a bit of power when there are more homes to choose from. You'll see more home inspections getting negotiated, fewer free leasebacks to sellers and sometimes even a home sale contingency accepted. FHA and VA buyers may actually be able to buy. Quiz: Please choose one answer: 1) I am ready to join EXP Realty. 2) I am interested in EXP Realty and need more info. 3) I am not interested in EXP Realty. Key: * If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please) * If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris . * If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP.