The Shifting Market

Mike leads a discussion on the shifting real estate market, highlighting its volatility over the past 15 years, including the 2008 recession, the post-recession rebound, and the impact of COVID and low interest rates. The market currently faces high mortgage rates and low inventory, affecting buyer activity. Mike emphasizes the role of a real estate agent as a trusted advisor, not a decision-maker, and encourages agents to provide clients with market data and insights to help them make informed decisions. They urge agents to use this information to assist their clients in navigating the market.