Fed Rate Cuts Are Confirmed
Last week Fed Chair Jerome Powell made it clear that rate cuts are around the corner: “The time has come for policy to adjust”. Mortgage rates immediately improved and we expect them to continue improving gradually heading into 2025. This will ease the lock-in effect, unlock more inventory for buyers and catalyze the housing market in a positive way!
You should leverage this news (+NAR changes) as an opportunity to reengage with your database – they all have questions. Keep reading and I’ll share an awesome database strategy to help you do this more effectively.
You Better Check Yourself!
You’ve probably heard about the massive data breach that compromised the social security numbers and personal data of nearly 3 billion Americans, right? Regardless, there has never been a better time to freeze your credit ASAP – follow the links below.
Other recommendations include stronger passwords enabling two-factor authentication, and double checking all of your credit card statements with a fine-tooth comb moving forward.
You can also check this database to see if your information was compromised.
It’s Time for Your Annual Real Estate Review (ARR)
In last week’s newsletter I shared a database email tip I used to schedule 20+ client phone consults and I recommended you do the same considering the NAR headlines everywhere! A handful of you implemented this and have already seen great results – bravo!
For those still procrastinating (you know who you are), this is a great time to schedule “Annual Real Estate Reviews” with your database. I created an entire outline with a step-by-step playbook including a full script for the phone conversations – check it out here and let me know your thoughts.
There is so much going on right now, don’t wait for your database to reach out, we need be on offense! Everyone has a question about their home or is wondering how the NAR changes impact them or how much equity they really have.
Use this opportunity to have more conversations and to stay on offense!
Schedule a meeting with Michael to discuss closing more business as a real estate agent.
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