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Entrepreneurship

Leaders Developing Leaders! | Rachel Cahill Ep.125 [Video]

In this episode, Cliff talks with Rachel Cahill. Rachel is a nationally known, highly sought-after real estate and mortgage coach and trainer who has been in the mortgage and real estate industry for over 20 years. She designed and built www.AllianceAcademy.org, a premier real estate and mortgage online training platform. Rachel’s primary responsibility is mentoring and training new agents for The Cliff Freeman Group. She is also a real estate home buying and selling expert and serves her clients through an extreme amount of industry knowledge and skill. Topics That We Discuss in This Episode00:00 Introduction 05:01 How Valuable is it to Be Involved and Sell Real Estate on a Team?06:46 What Does Their Two-Year MBA Mean for the Agents?11:03 How Agents Learn Differently with Cliff Freeman Group? 16:20 Leaders Developing Leaders 17:47 The Core Values of Cliff Freeman Group20:30 The Importance of Lead Generation23:32 Lead Generation Strategies Used at CFG? 28:18 The Upside of Lead Conversion 30:23 How to Convert the Leads 34:00 How Are They Able to Retain Agents at Cliff Freeman Group? 41:05 How to Reach Out if You Want to Join the Team?Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

Real Estate Headed For A Hard Landing [Video]

With inflation print hitting 8.3% in the U.S. shedding only 0.2% from it’s previous print is showing consumers continued to spend through the Summer (which was widely expected). The continued strength of the U.S. dollar continues to push the price of domestic products further reinforcing the inflationary cycle. The news was so impactful that the stock market had its worst day in over 2 years. We discuss why we feel the BoC isn’t done raising rates and how its dual edge sword brings down prices while also restricting purchasing power and increasing the monthly cost of a mortgage by drastic amounts. It’s largely expected that the Feds down south will raise their interest rates by 0.75% matching Canada’s overnight rate of 3.25%. It’s very possible we will see 4%+ interest rates by Q1 of 2023.Check out the tale of two stories as inventory climbs in Toronto and yet somehow here in Vancouver, inventory has shrunk as September is on pace to be the lowest sale month of any September on record. With median prices in Vancouver having fallen by about 14% and down a further 23% in Toronto, the housing price declines continue to slide. _________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

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Entrepreneurship

Realtor.com – Tells Homebuyers Best Time To Buy (Circle These Dates Now) [Video]

Realtor.com – Tells Homebuyers Best Time To Buy (Circle These Dates Now) Ric Bender provides financial education; learn how to protect your wealth, reach financial goals, and create economic prosperity.Get Your Free Stocks With MOOMOO – https://bit.ly/RBUSMARKET▶ TIME STAMPS00:00 Intro00:11 Welcome00:20 MOOMOO Free Stocks00:47 Realtor.com Best Time To Buy A Home7:39 Outro7:54 MOOMOO Promo▶ VISIT MY VIDEO PLAYLISTS Click on the link to learn more – https://www.youtube.com/c/RicBender/playlists▶ MOOMOO Stock Trading Platform – Get 10 Free Stocks Up To $2,000Commission-Free Professional Trading AppClick the link to learn more – https://bit.ly/RBUSMARKET▶ PRIORITY GOLDAmerica’s Precious Metal DealerClick on the link to learn more – https://bit.ly/RBPriorityGold▶ HARD ASSETS ALLIANCE The Best Way to Invest in Gold & Silver Standard Account – Precious Metals IRA and MoreClick on the link to learn more – https://bit.ly/RBHardAssets▶ FIND FORECLOSURES & PRE-FORECLOSURES EASYGet the best real estate deals first, with one simple searchClick on the link to learn more – https://bit.ly/RBFindForeclosures▶ INVEST IN YOU WITH SKILLSHAREGet One Free Month of SkillshareExplore thousands of hands-on creative classes.Click the link to learn more – https://bit.ly/RBSkillShareOffer▶ IPEC Accredited Coaching Programs Become a certified Life Coach, Executive Coach, or Business Coachwith an iPEC Coach Certification.Click the link to learn more – https://bit.ly/BecomeiPecCoach▶ ABOUT THE CHANNEL Ric Bender provides financial education; learn how to protect your wealth, reach financial goals, and create economic prosperity.Subscribe today – https://www.youtube.com/c/RicBender▶ CONNECT WITH ME Twitter: https://www.twitter.com/ricbenderWebsite: https://www.ricbender.comRumble: https://rumble.com/user/RicBender▶ JOIN MY NEWSLETTEREmail Newsletter: http://eepurl.com/hSKhnT▶ VIDEO NOTESAttention, Homebuyers: Circle This Date as the Very Best Time of the Year To Get a New HouseWhile experts are throwing around phrases like “housing correction” and “slowdown in the real estate market,” things don’t seem much easier for homebuyers in the trenches right now. There still aren’t many homes for sale, and what is on the market is selling quickly—and often for more than the asking price.Buyers looking for a break—and to save money on the purchase price of a home—should circle the week of Sept. 25 through Oct. 1 on their calendars. Realtor.com® has declared this the best week of the year nationally to purchase a property as there are traditionally about 8.4% more homes for sale. And in a big bonus for buyers, properties are usually priced around $20,000 less than usual.“The best time to purchase a home is the last week of September because that’s historically when the market is most hospitable to buyers,” says Realtor.com economic data analyst Hannah Jones. “Typically, the early fall is when there are fewer buyers. There are also more homes on the market, and the housing market is generally calming down from the summer rush.”Click here to read the entire article from Realtor.com – https://www.realtor.com/news/trends/the-very-best-time-of-the-year-to-get-a-new-house/▶ D I S C L A I M E R S + D I S C L O S U R E S This content is for educational and entertainment purposes only. This description contains affiliate links that allow you to find suggested resources. When you purchase items from these affiliate links Ric Bender may receive compensation. Thank you for your support of this channelKEYWORDS Realtor.com – Tells Homebuyers Best Time To Buy (Circle These Dates Now), Realtor.com – Tells Homebuyers Best Time To Buy, housing market, housing market forecast, housing market bubble, real estate market, realtor.com, best time to buy a house, best time to buy a house 2022, ric bender, best time of year to buy a home, best time to buy a home 2022, financial education, i allegedly dan today ,financial education, when is a good time to buy a house, should i buy a house now, #financialeducation #housingmarket #realestatemarket ▶ TAGS#RicBender #financialwellness #financialeducation #personalfinance #personalfinance101 #financialfreedom #financialliteracy #financiallyfree #economicnews #economiccollapse #financialeducator robert kiyosaki financial education, jeremy financial education, financial education for beginners, financial education channel, finance education, investing for beginners,heresy financial, i allegedly Dan Today, Economic Ninja

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Entrepreneurship

The Real Estate Market Is Changing: Demand For New Homes Is Cooling Off [Video]

Real estate expert Cliff Freeman discusses how the market is cooling off and what that means for buyers, sellers, and developers. He also offer tips on what to do if you’re thinking of buying or selling a home in the current real estate housing market.#realestate #realestatebusiness #investing #exp #realestateagent #realestateinvesting #realestatetips Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

Does The Government Hate Landlords? [Video]

The BC government came out this week and capped rental increases by 2% – Renters say that’s too much! And Landlords are incredibly frustrated as inflationary costs have inflated their cost of ownership by much more than 2%. Historically, the government has increased rates in unison with inflation, but this time around they have suggested a lift of that magnitude would only hurt the Renters. However, the housing providers, folks who have a rental suites that helps offset the cost of their rising mortgages and property taxes are left holding the bag.. often times renting their suites out at a loss. The long term affects of rental caps have historically proven to be more negative than positive. There’s a consequential butterfly effect to these decisions and ultimately kicks the problems further down the road, creating a divisive point of contention between tenants and landlords. This is a result of not having enough housing stock, compounded by the time it takes to create homes in Vancouver – yet Landlords are having to pay the price. Vancouver has a massive housing supply issue and the largest provider of rental housing are investors and local property owners. While the government needs new rental stock they are handcuffing themselves and the providers they need so desperately for their stock. And with inflation being a bigger issue than rent control, expect housing providers to turn to services like Air BnB to make up the shortfall. Landlords will entertain more short term fixed tenancies so they can deal with inflationary pressures.Ultimately, Developers building market rentals for the city will back off from these building types and move to more capital friendly markets where rents are not controlled further restricting the supply of market rental housing. Alberta by comparison has 85% of the population that BC has and they have zero rent control – they also don’t have a rental crisis. The move makes very little financial sense and puts unnecessary pressures on providers to come up with their own solutions. _________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

The Fed Is Raising Rates: What It Means For You. [Video]

What does the Fed’s decision to raise interest rates mean for you? Will it affect your mortgage and the real estate housing market? #realestate #realestatebusiness #investing #exp #realestateagent #realestateinvesting #realestatetips Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

The Real Estate Market Is Heating Up: Here’s What You Need To Know [Video]

Real estate is a volatile market, and it can be difficult to keep up with the latest trends. In this episode we discuss the current state of the real estate market and what you can expect in the coming months. We also provide some tips on how to navigate the market whether you’re a buyer or seller.#realestate #realestatebusiness #investing #exp #realestateagent #realestateinvesting #realestatetips Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

The Real Estate Market Is Hot Right Now: Demand Exceeding Supply? [Video]

Is the real estate market hot right now? Some say that demand is exceeding supply while others believe that there is more than enough inventory to go around. In this episode, we take a look at both sides of the argument and try to come to a conclusion.#realestate #realestatebusiness #investing #exp #realestateagent #realestateinvesting #realestatetips Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

Home Listings on the Rise: What’s Driving The Increase? [Video]

Housing inventory is on the rise, but what’s driving the increase? In this video, we explore some of the potential reasons behind the recent uptick in home listings.#realestate #realestatebusiness #investing #exp #realestateagent #realestateinvesting #realestatetips Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

Is Now A Good Time To Buy A House? Current Real Estate Market Status In 2022 [Video]

Thinking about purchasing a home, this episode is for you. Here we go over the current real estate market status and what you can expect in terms of prices, demand, and market conditions in 2022. If you’re considering buying a house, it’s important to understand the current state of the real estate market. #realestate #realestatebusiness #investing #exp #realestateagent #realestateinvesting #realestatetips Need help implementing all this? Request a Free Strategy Call:https://careers.theclifffreemangroup.com/strategy-call/Are you confused and don’t know where to start? Come to my 3-hour business planning workshop:https://careers.theclifffreemangroup.com/Want A High Performance Real Estate Career? Click Here to Apply:https://careers.theclifffreemangroup.com/join-our-team/Cliff comes to eXp Realty with 30+ years of real estate and mortgage experience including 10 years as a professional coach. He has personally coached over 500 top real estate professionals across North America and his portfolio of clients range from sole practitioners to large teams generating over $150,000,000 in annual sales. As the producing owner/broker of a boutique firm in DFW, he pioneered the virtual brokerage model several years ago.A highly sought-after leader in his field, Cliff’s main areas of focus and expertise include self-leadership mastery, business and strategic planning, people intelligence, team dynamics, best-of-breed lead generation systems, lead conversion, PPC, marketing, operations and finance. He is also a “trainer of trainers” and published author.Cliff FreemanThe Cliff Freeman Group | eXp Realty130 N Preston Rd. Suite 102 Prosper, TX 75078(469) 804-0000Cliff@CliffordFreeman.comwww.dfwsearch.house

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Entrepreneurship

Housing Market Forecast 2023 Layoffs Foreclosures Evictions, And Inflation [Video]

What lies ahead with the U.S. economy for 2023? In this video, I’ll discuss the housing market forecast 2023 layoffs foreclosures evictions, and inflation. Learn More About SkillShare – https://bit.ly/RBSkillShareOffer▶ VISIT MY VIDEO PLAYLISTS Click on the link to learn more – https://www.youtube.com/c/RicBender/playlists▶ MOOMOO Stock Trading Platform – Get 10 Free Stocks Up To $2,000Commission-Free Professional Trading AppClick the link to learn more – https://bit.ly/RBUSMARKET▶ HARD ASSETS ALLIANCE The Best Way to Invest in Gold & Silver Standard Account – Precious Metals IRA and MoreClick on the link to learn more – https://bit.ly/RBHardAssets▶ GROUNDFLOORReal Estate Investing For Everyonehttps://bit.ly/RBGroundFloor▶ FIND FORECLOSURES & PRE-FORECLOSURES EASYGet the best real estate deals first, with one simple searchClick on the link to learn more – https://bit.ly/RBFindForeclosures▶ INVEST IN YOU WITH SKILLSHAREGet One Free Month of SkillshareExplore thousands of hands-on creative classes.Click the link to learn more – https://bit.ly/RBSkillShareOffer▶ IPEC Accredited Coaching Programs Become a certified Life Coach, Executive Coach, or Business Coachwith an iPEC Coach Certification.Click the link to learn more – https://bit.ly/BecomeiPecCoach▶ ABOUT THE CHANNEL Subscribe to learn how to protect your wealth, reach your financial goals, and create personal economic prosperity. Subscribe today – https://www.youtube.com/c/RicBender▶ CONNECT WITH ME Twitter: https://www.twitter.com/ricbenderWebsite: https://www.ricbender.comRumble: https://rumble.com/user/RicBender▶ JOIN MY NEWSLETTEREmail Newsletter: http://eepurl.com/hSKhnT▶ VIDEO NOTESUS housing market downturn to worsen in 2023, Goldman Sachs warnsClick on the link to read the article – https://www.foxbusiness.com/economy/us-housing-market-downturn-worsen-2023-goldman-sachs-warnsAmazon is closing 2 facilities with a total of 300 employees and reportedly scrapping plans for 42 new buildings. Business Insider Layoff News – Layoffstracker – https://layoffstracker.com/layoff-news/Layoffs latest: Companies making cuts – https://www.linkedin.com/news/story/layoffs-latest-companies-making-cuts-5956730/Foreclosures – Click on the link to learn more – https://bit.ly/RBFindForeclosuresEvictions – Click on the link to learn more https://evictionlab.org/▶ D I S C L A I M E R S + D I S C L O S U R E S This content is for educational and entertainment purposes only. This description contains affiliate links that allow you to find suggested resources. When you purchase items from these affiliate links Ric Bender may receive compensation. Thank you for your support of this channelKEYWORDS Housing Market Forecast 2023 Layoffs Foreclosures Evictions And Inflation, housing market, housing market forecast 2023, housing market forecast, housing market foreclosures, layoffs 2022, layoffs are coming, foreclosure, foreclosures coming, evictions coming, layoffs at work, layoffs in tech, inflation 2023, housing market forecast 2023, housing market forecast 2023 USA, housing prices in 2023, real estate market, home prices 2023, ric bender, economic ninja real estate, iallegedly dan today, Scott walters real estate, economic ninja real estate#housingmarket #realestatemarket #economicnews ▶ TAGS#ricbender, Ric Bender, personal finance, financial wellness, real estate market, housing market, personal finance 101, finance, financial education, investing, financial well-being, Financial Wellness, personal finance coach, building wealth, wealth building, wealth-building, investing for beginners, financial wellness strategies, wealth building strategies, money, money tips, personal finance tips, economic prosperity

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Entrepreneurship

Another Huge Rate Hike! [Video]

Mychal Ferreira, Mortgage Specialist from BMO, joins us today on this special podcast where we discuss the impacts of the new 0.75% rate hike. With average mortgages in Vancouver being substantially higher than the rest of the country, Vancouverites can expect their variable rate mortgage payments to increase by another $350-$700 dollars per month – s staggering $4,000 to $8,000 increase in payments each year. Will this be enough pressure to force Sellers to reduce the prices of their homes on the market? Will it be enough pressure to erode disposable income so the economy slows down? Perhaps to some degree, but with recent GDP data showing the economy still running strong and over 1 million job vacancies, the idea of major sell off or panic selling is not something we are expecting.With another oversized rate hike announced today, it’s pretty clear that the Bank of Canada does not yet have inflation under control and are continuing down the path of demand destruction and active wealth erosion. With the benchmark rate now hovering at 3.25% – a mere 0.25% away from the BoC’s target rate and inflation proving to be less transitory than first believed, a future recession and further rate hikes is almost all but guaranteed at this point. Remember, it typically takes a full 18 months before we see the results of a single rate hike – let alone the 4 oversized rate hikes we’ve seen in the last 6 months.Historically, and over the last 30 years almost every time the BoC has risen rates by more than 1.5% we’ve seen a correction back down between 1.5% – 4.5%. So while rates continue their roller-coaster ride up, if history has anything to say about it, it’s highly probable that within a similar time frame we will see the BoC reverse course. If you’re a Buyer expecting to pick up a property from a grovelling Seller, they will be few and far between as many Sellers dig their heels in to combat raising rates while they wait for demand to return. And it will – with an aggressive immigration policy and inventory in Vancouver lower than it was this time last year, it’s clear we have a supply issue mounting and an outcome we’ve seen before when rates begin to fall.Mychal Ferreira can be reached at:https://www.linkedin.com/in/mychalferreira/Dan Wurteledan@thevancouverlife.com604.809.0834Ryan Dash ryan@thevancouverlife.com778.898.0089_________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________