Buffini Bold Predictions Recap

The Aaron Advantage

Aaron Luttrull shares some of Brian Buffini's, Dr. Lawrence Yun's and his own predictions for the real estate industry for the future.

Brian Buffini: https://www.buffiniandcompany.com/

Brian's Predictions:
* Lowest Inventory in 50 years, still highest of homes sold in 15 years
*More people becoming Realtors
*Higher agent turnover due to unexpected market changes
*Paramount to agent survival is to find the right brokerage that provides great training and support for their agents
*90% of buyers surveyed said they would use their agents again, but truth is 28% actually call their previous agent again due to lack of agent involvement with clients. Personal connection with clients is a must

Dr. Lawrence Yun: https://www.nar.realtor/lawrence-yun
*Not all new agents are going to succeed in this market, so they need align themselves with experienced brokerages with the best training and support during the changes.
*Highly professional skilled agents will be what is sought out
SOME GOOD HABITS FOR THE NEW YEAR FROM DR. YUN:
*Have fun with the fundamentals: face to face with clients, personal connections and lots of good communication will be necessary to succeed. *Celebrate ALL your successes, both seemingly small and large. Need to keep that "good feeling" in your brain to keep you going through each deal.
*Take good care of yourself and always keep training to be a better person and agent. If you aren't improving you are becoming obsolete.
DR. YUN's BOLD PREDICTIONS:
*Tapering of huge home appreciations
*Agents need to make good investments to set themselves up for the changes in real estate in order to keep themselves protected
*Expect the market to slow down by the middle of next year, not remain a frenzied market.
*2022 will have us seeing a changed market in general
*2023 will be a market for skilled professionals in real estate

AARON'S PREDICTIONS FOR OUR LOCAL MARKET:
*It will be mostly like the national market with increased pricing and a slow down of crazy sales, however it will still be in the average range since our market generally doesn't have huge fluctuations in prices.
*Our local association is the largest it has been in years but we may see an exit of some agents and others moving to a team for more skills and training.
*F.C. Tucker Emge Realtors will still be the pre-eminent training source for new agents in our local market

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