Player FM - Internet Radio Done Right
Checked 2d ago
اضافه شده در two سال پیش
محتوای ارائه شده توسط Mike Mills. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Mike Mills یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
Player FM - برنامه پادکست
با برنامه Player FM !
با برنامه Player FM !
پادکست هایی که ارزش شنیدن دارند
حمایت شده
At the dawn of the social media era, Belle Gibson became a pioneering wellness influencer - telling the world how she beat cancer with an alternative diet. Her bestselling cookbook and online app provided her success, respect, and a connection to the cancer-battling influencer she admired the most. But a curious journalist with a sick wife began asking questions that even those closest to Belle began to wonder. Was the online star faking her cancer and fooling the world? Kaitlyn Dever stars in the Netflix hit series Apple Cider Vinegar . Inspired by true events, the dramatized story follows Belle’s journey from self-styled wellness thought leader to disgraced con artist. It also explores themes of hope and acceptance - and how far we’ll go to maintain it. In this episode of You Can't Make This Up, host Rebecca Lavoie interviews executive producer Samantha Strauss. SPOILER ALERT! If you haven't watched Apple Cider Vinegar yet, make sure to add it to your watch-list before listening on. Listen to more from Netflix Podcasts .…
The Texas Real Estate & Finance Podcast with Mike Mills
علامت گذاری همه پخش شده(نشده) ...
Manage series 3405483
محتوای ارائه شده توسط Mike Mills. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Mike Mills یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
Dive deep into the heart of Texas Real Estate with Mike Mills, your dedicated guide through the intricate world of home loans and beyond. The Texas Real Estate and Finance Podcast isn't just another industry show—it's an exploration of opportunities, a masterclass from industry titans, and a beacon for those aiming for the pinnacle of success. Whether you're a seasoned professional or a curious newcomer, Mike brings to the table not only his expertise as a home loan professional but also heart-pounding conversations with top experts and leaders from the realms of Real Estate, mortgage, finance, and other real estate-centric sectors. Our promise? No fluff, just smart, actionable advice distilled from the experiences of those who have carved niches and built legacies. Every episode is a journey – a step towards achieving your potential, realizing your goals, and making informed decisions in the world of real estate and finance. Are you ready to redefine success, shatter your ceilings, and journey through the vast landscapes of opportunity? Join Mike and his esteemed guests and step into a realm of inspiration, motivation, and success. Your potential awaits, and together, we'll help you seize it. Subscribe now!
…
continue reading
169 قسمت
علامت گذاری همه پخش شده(نشده) ...
Manage series 3405483
محتوای ارائه شده توسط Mike Mills. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Mike Mills یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
Dive deep into the heart of Texas Real Estate with Mike Mills, your dedicated guide through the intricate world of home loans and beyond. The Texas Real Estate and Finance Podcast isn't just another industry show—it's an exploration of opportunities, a masterclass from industry titans, and a beacon for those aiming for the pinnacle of success. Whether you're a seasoned professional or a curious newcomer, Mike brings to the table not only his expertise as a home loan professional but also heart-pounding conversations with top experts and leaders from the realms of Real Estate, mortgage, finance, and other real estate-centric sectors. Our promise? No fluff, just smart, actionable advice distilled from the experiences of those who have carved niches and built legacies. Every episode is a journey – a step towards achieving your potential, realizing your goals, and making informed decisions in the world of real estate and finance. Are you ready to redefine success, shatter your ceilings, and journey through the vast landscapes of opportunity? Join Mike and his esteemed guests and step into a realm of inspiration, motivation, and success. Your potential awaits, and together, we'll help you seize it. Subscribe now!
…
continue reading
169 قسمت
Alle Folgen
×T
The Texas Real Estate & Finance Podcast with Mike Mills

1 The Truth About Rising Texas Insurance Rates & How to Save Money 1:04:13
1:04:13
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:04:13
Texas home insurance rates are skyrocketing , leaving homeowners and real estate professionals scrambling for answers. In this episode, Mike Mills sits down with insurance expert Brad Bingham to uncover the real reasons behind these rate hikes —from extreme weather to shifting policy structures. Don’t miss this insider guide to protecting your clients, your investments, and your wallet in today’s volatile insurance market. Episode Overview Texas home insurance rates are rising faster than ever, and real estate professionals need to understand why. In this episode of The Texas Real Estate & Finance Podcast , host Mike Mills welcomes Brad Bingham , a 25-year insurance veteran, to break down: What’s driving Texas insurance rates through the roof? Learn how weather events, inflation, and market shifts are reshaping policies. Why many homeowners are underinsured without realizing it. Discover the hidden policy changes that could leave you or your clients financially vulnerable. How to compare home insurance policies the right way. Avoid the common pitfalls that lead to costly mistakes. Smart strategies to lower insurance costs. Find out what adjustments can actually save money—without sacrificing critical coverage. Whether you’re a Realtor, investor, or homeowner , this episode is packed with actionable insights to help you navigate rising home insurance rates in 2025 . Key Takeaways 1. Why Texas Home Insurance Rates Are Surging Insurance premiums in Texas have increased by over 500% in the past decade , with companies requesting double-digit rate hikes year after year . Brad Bingham explains how rising claim payouts, inflation, and reduced market competition are making home insurance more expensive than ever. 2. Hidden Policy Changes That Could Cost You Thousands Many insurers have quietly reduced coverage by shifting away from full replacement cost policies —leaving homeowners with unexpected out-of-pocket expenses when disaster strikes. Learn what to look for in an insurance policy to avoid getting caught off guard . 3. The Dangers of Shopping for the Cheapest Insurance Policy Not all policies are created equal! Simply choosing the lowest price can leave you dangerously underinsured . Brad shares the key questions every homebuyer and Realtor should ask when comparing quotes to ensure adequate coverage without overpaying . 4. How Weather and Population Growth Are Pushing Rates Even Higher Texas is experiencing more extreme weather events than ever before , and as population growth skyrockets in cities like Dallas and Austin , insurance companies are adjusting their risk models—leading to higher premiums for everyone . 5. Proven Ways to Reduce Home Insurance Costs in 2025 From raising deductibles strategically to bundling policies and making smart home improvements , Brad reveals practical ways to lower your insurance costs while keeping the right level of protection . Guest Bio Brad Bingham is an insurance industry expert and Allstate brokerage owner with over 25 years of experience helping homeowners, Realtors, and investors navigate complex insurance policies . His expertise in home, auto, and life insurance has made him a go-to resource for clients looking to maximize coverage and minimize costs . Known for his straightforward and honest approach , Brad specializes in explaining policy details in a way that’s easy to understand —helping Texans make smarter insurance decisions in an increasingly expensive market. Resources Mentioned in This Episode 📌 Connect with Brad Bingham & Allstate Insurance 🔗 https://agents.allstate.com/brad-bingham-arlington-tx.html 📌 Texas Department of Insurance – Home Insurance Rate Filings 🔗 https://www.tdi.texas.gov 📌 How to Lower Your Home Insurance Costs (Texas.gov Guide) 🔗 https://www.tdi.texas.gov/tips/home-insurance-saving-tips.html 📌 The Texas Real Estate & Finance Podcast – Full Archive 🎙️ Website: https://www.thetexasrealestateandfinancepodcast.com 📌 Connect with Mike Mills 🔗 All Links in One Place: https://linktr.ee/mikemillsmortgage Enjoying the Podcast? 👉 Subscribe, leave a review, and share this episode with fellow real estate professionals! Your support helps us reach more listeners looking for actionable real estate and finance insights . Timestamped Podcast Summary [0:00 - 3:00] - The Hidden Costs of Home Insurance Policies [3:01 - 6:00] - Why Texas Home Insurance Rates Are Skyrocketing [6:01 - 9:00] - How Insurance Availability Impacts Premiums in Texas [9:01 - 12:00] - The Role of Inflation in Rising Insurance Costs [12:01 - 15:00] - Texas Weather Trends & Their Effect on Insurance Claims [15:01 - 18:00] - The Increase in Uninsured Homeowners & Drivers [18:01 - 21:00] - Are Insurance Companies Overcharging or Covering Losses? [21:01 - 24:00] - How Insurance Deductibles Work & Their Impact on Claims [24:01 - 27:00] - The Truth About Contractor Pricing & Inflated Claims [27:01 - 30:00] - The Role of Insurance Adjusters & Why They Get a Bad Reputation [30:01 - 33:00] - How Lawsuits & Attorneys Drive Up Auto Insurance Costs [33:01 - 36:00] - The Hidden Ways Insurance Companies Reduce Coverage to Lower Prices [36:01 - 39:00] - Why Roof Replacement Costs Are Drastically Increasing [39:01 - 42:00] - How to Shop for Insurance & Avoid Costly Mistakes [42:01 - 45:00] - The Best Ways to Lower Your Home & Auto Insurance Premiums [45:01 - 48:00] - Telematics & The Future of Auto Insurance Pricing [48:01 - 51:00] - The True Cost of Distracted Driving & Its Impact on Insurance Rates [51:01 - 54:00] - How Government Spending Affects Mortgage Rates & Housing Costs [54:01 - 57:00] - The Importance of Trusted Referral Partners in Real Estate & Finance [57:01 - 1:00:00] - Final Thoughts: How to Protect Yourself from Rising Insurance Costs…
T
The Texas Real Estate & Finance Podcast with Mike Mills

The market is shifting, and realtors who adapt will thrive. This week, we’re covering Austin’s cooling home prices, the latest mortgage rate forecast, and the best AI tools for real estate professionals looking to scale their business. Plus, our ‘Weekly Wildcard’ takes a deep dive into an unexpected economic twist that could shake up the housing market. Episode Overview The real estate industry is evolving, and AI tools are becoming essential for realtors who want to work smarter, not harder. In this episode, Mike Mills breaks down: ✅ The Best AI Tools for Realtors – How automation is transforming lead generation, marketing, and client follow-ups. ✅ Austin’s Housing Market Slowdown – Why home prices are dropping, inventory is rising, and what it means for buyers and sellers. ✅ 2025 Mortgage Rate Predictions – Is 7% the new normal? What realtors need to know about where rates are headed. ✅ Pricing Strategies for Sellers – How to price homes competitively in a shifting market to attract buyers. ✅ Weekly Wildcard Segment – A surprising economic twist that could impact real estate trends—stay tuned for the unexpected! If you're a realtor, investor, or mortgage professional , this episode is packed with must-know insights to help you navigate today’s unpredictable market. 📌 Key Takeaways 1. AI Tools Are Revolutionizing Real Estate Realtors using AI-powered tools like ChatGPT, Opus Clip, and HomeBot are saving hours each week on marketing, lead generation, and client communication. If you’re not leveraging AI, you’re already behind. 2. Austin’s Housing Market is Cooling, but Buyers Have New Opportunities After years of rapid growth, Austin’s real estate market has shifted into a buyer’s market. Home prices are down 19% from their peak , inventory is up, and sellers must adjust pricing strategies to stay competitive. 3. Mortgage Rates Are Holding at 7%—Will They Drop? With inflation still high and no major economic shake-ups on the horizon, mortgage rates are expected to hover around 7% for the foreseeable future. Realtors must help clients navigate creative financing options like rate buydowns and adjustable-rate mortgages (ARMs). 4. Pricing Homes Correctly is More Important Than Ever Sellers need to ditch the outdated "list high and lower later" approach. Pricing homes strategically from the start maximizes visibility, attracts serious buyers, and reduces time on the market. 5. The Weekly Wildcard: From Space Rocks to Meme Coins In this week’s wildcard segment, we cover NASA’s increased asteroid impact risk, skyrocketing credit card debt, and whether Dogecoin might become part of your tax refund. Stay ahead of the market by understanding how broader economic trends could affect real estate. 📢 Tips of the Week – Featuring Amy Cearnal This episode features expert insights from Amy Cearnal, a top real estate professional with Compass Real Estate. A returning contributor to the podcast, Amy shares weekly advice for buyers, sellers, and agents to navigate today’s shifting market. 🔹 For Buyers: Use market data to make informed offers and avoid overpaying. 🔹 For Sellers: Price your home competitively from day one to maximize interest and reduce time on the market. 🔹 For Agents: Instead of answering “What would you do?” , give clients the data they need to make confident decisions. With her data-driven approach and deep market knowledge , Amy ensures real estate professionals stay ahead of shifting trends and provide top-tier guidance to their clients. 📌 Resources & Links AI Tools for Realtors: ChatGPT – AI-powered assistant for content creation, lead nurturing, and automation. https://openai.com/chatgpt Opus Clip – AI tool for turning long-form content into short, viral video clips. https://www.opus.pro HomeBot – Automated home value reports for client follow-ups. https://homebot.ai Zapier – Workflow automation to streamline business operations. https://zapier.com Descript – AI-powered video and podcast editing. https://www.descript.com Remine – Predictive analytics to identify potential sellers before they list. https://www.remine.com Structurely – AI chatbot for lead nurturing and client conversations. https://www.structurely.com Canva Magic Write – AI-powered graphic design tool for realtors. https://www.canva.com 11Labs – AI voice cloning for automated messaging and market updates. https://elevenlabs.io Market Insights & Housing Trends: Mortgage News Daily – Daily updates on mortgage rates. https://www.mortgagenewsdaily.com Austin Board of Realtors – Market data and reports on Austin’s real estate trends. https://www.abor.com Texas Comptroller – Property tax surplus discussion and potential relief. https://comptroller.texas.gov Stay Connected: Podcast Website: https://www.thetexasrealestateandfinancepodcast.com Follow Mike Mills for More Real Estate Insights: https://linktr.ee/mikemillsmortgage Connect with Amy Cearnal for Expert Realtor Advice: https://www.acknows.online/ If you enjoyed this episode, subscribe and leave us a review! Your support helps more real estate professionals discover insights that can transform their business. 🔹 Want more Texas real estate updates? Visit https://www.thetexasrealestateandfinancepodcast.com for market insights, expert interviews, and strategies to stay ahead. 🔹 Let’s connect! Follow Mike Mills for daily updates and real estate tips: https://linktr.ee/mikemillsmortgage 🔹 Know someone who needs help navigating today’s market? Share this episode with a fellow agent or homebuyer! Until next time, be good humans, and just keep grinding—because life is what you make it, so make it great! Timestamped Summary [0:00 - 0:48] Texas is the Fastest-Growing State & Housing Market Trends [0:49 - 1:10] Podcast Introduction & Market Update Overview [1:11 - 2:02] Mortgage Rate Trends & Austin Housing Market Focus [2:03 - 2:28] Guest Realtor & Podcast Engagement Call-to-Action [2:29 - 4:06] Mortgage Rate Breakdown & Market Predictions [4:07 - 5:38] How Real Estate Agents & Lenders Can Survive in 2025 [5:39 - 6:33] Buyer Tip of the Week: Making Smart Offers [6:34 - 10:28] Austin Housing Market Update: Correction & 2025 Forecast [10:29 - 11:20] Agent Tip of the Week: Answering “What Would You Do?” [11:21 - 14:06] Weekly Wildcard: Economy, Elon Musk, Dogecoin & an Asteroid? [14:07 - 14:36] Seller Tip of the Week: Pricing Homes to Sell Quickly [14:37 - 18:31] 10 AI Tools Realtors Should Use to Automate & Scale Their Business [18:32 - 19:13] Final Thoughts & Why AI is the Future for Real Estate Agents…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 NAR Settlement Update 2025: What Realtors Must Know Now 1:02:16
1:02:16
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:02:16
🚨 The NAR Settlement Update 2025 is shaking up the real estate industry, and Realtors need to act fast . With MLS rule changes , buyer agent commission shifts , and new legal risks , staying informed is no longer optional—it’s essential. Tune in now to get expert insights on how these changes impact your business and what you must do to stay competitive in 2025! Detailed Episode Overview The NAR Settlement Update 2025 is transforming how Realtors, brokerages, and MLS systems operate , but what does it really mean for your business? In this episode, Mike Mills sits down with real estate expert Amy Cearnal to break down the new commission rules, MLS participation changes, and what buyers and sellers need to know moving forward . Key topics we cover: ✅ How the NAR lawsuit settlement is changing buyer agent commissions ✅ Why MLS rules are evolving , and how they impact your ability to do business ✅ What the DOJ’s real estate oversight could mean for future regulations ✅ How these changes will affect Realtors, brokerages, and homebuyers ✅ What steps agents must take to adapt and thrive in this new landscape Whether you're a seasoned agent or new to real estate , this episode will give you the clarity and strategies you need to navigate these shifts confidently. Don't miss out— hit play now! Key Takeaways 1️⃣ NAR Settlement Update 2025: Major Commission Changes The NAR lawsuit settlement has removed buyer agent commission disclosures from the MLS, fundamentally altering how Realtors negotiate compensation . With commissions now negotiated outside the MLS, buyers and sellers are facing new challenges in understanding who pays what. 2️⃣ MLS Rule Changes: New Access & Membership Updates MLS access rules are shifting, with some markets like Austin and Houston allowing non-Realtors to access MLS data . This could change how listings are controlled , forcing agents to rethink how they leverage MLS platforms. 3️⃣ Buyer Agreements: Are They Helping or Hurting? Buyers must now sign agreements before viewing homes , aiming to improve transparency in agent compensation . However, this requirement is creating friction , as buyers may hesitate to commit before seeing properties. 4️⃣ DOJ Oversight: More Real Estate Lawsuits Ahead? While the NAR settlement addressed commission disclosure, the DOJ is still investigating real estate practices . More lawsuits and regulatory changes could be coming , making it critical for Realtors to stay proactive. 5️⃣ Adapting to a Changing Market in 2025 To stay competitive, Realtors must embrace these new rules, educate clients, and refine their value propositions . Those who adapt and innovate will thrive, while those who resist change risk falling behind . Guest Bio Amy Cearnal is a real estate veteran with expertise in brokerage operations, title services, mortgage lending, and real estate law . As a former brokerage owner and longtime Texas Realtor® , she specializes in helping clients minimize risk and maximize value in real estate transactions . Amy has worked across multiple sectors of real estate , including title services, mortgage lending, and legal education , making her one of the most well-rounded experts in the industry . She is also the creator of AC Knows Online , a platform dedicated to educating Realtors through digital content and online courses . With a passion for helping agents and homebuyers navigate industry changes , Amy continues to be a leading voice on commission structures, legal risks, and real estate market trends . Resources 📌 Amy Cearnal’s Website & Online Education Platform 👉 https://www.acknows.online 📌 National Association of Realtors (NAR) Settlement Information 👉 https://www.nar.realtor 📌 U.S. Department of Justice (DOJ) Real Estate Investigations 👉 https://www.justice.gov/ 📌 Austin Board of Realtors MLS Changes 👉 https://www.abor.com 📌 Houston Association of Realtors MLS Updates 👉 https://www.har.com 📌 Texas Real Estate Commission (TREC) Licensing & Rules 👉 https://www.trec.texas.gov 📌 Follow The Texas Real Estate & Finance Podcast & Connect with Mike Mills 🎙️ Podcast & Social Links: https://linktr.ee/mikemillsmortgage 🌐 Official Website: https://www.thetexasrealestateandfinancepodcast.com/ 🚀 Stay Connected & Keep Learning! Enjoying the podcast? Subscribe, rate, and leave a review to help more Realtors and real estate professionals stay ahead of the latest industry changes! 📢 Join the conversation – What are your thoughts on the NAR settlement changes? Drop a comment or message us on social media! 🎧 Listen Now & Stay Informed!…
T
The Texas Real Estate & Finance Podcast with Mike Mills

The DFW Real Estate Market is shifting, and 2025 could be the turning point for buyers, sellers, and realtors . With rising inventory, mortgage rates holding steady, and home prices stabilizing , the North Texas housing market presents both opportunities and challenges . Tune in as we break down key real estate trends, mortgage rate forecasts, and expert insights to help you stay ahead in this evolving market! Detailed Episode Overview The DFW Real Estate Market is at a crossroads— are we finally entering a buyer’s market? As home prices level off, inventory grows, and mortgage rates remain high , real estate professionals need to adapt their strategies to succeed in 2025. In this episode, we dive deep into: ✅ Current market trends —how rising inventory and mortgage rates are impacting buyers and sellers. ✅ Mortgage rate forecasts —will rates drop or stay high in 2025 ? ✅ Changing buyer demographics —why first-time homebuyers are older than ever and how this affects the market. ✅ The CFPB debate —how changes to mortgage regulations could impact real estate financing. ✅ Expert real estate strategies —guest Conrad Jackson of REMAX Pinnacle shares game-changing tips for agents, buyers, and sellers . Whether you're a real estate agent, investor, or homebuyer , this episode is packed with must-know insights to help you navigate the DFW market in 2025 . Key Takeaways ✅ DFW’s Real Estate Market is Changing—Here’s What You Need to Know With inventory levels rising and home prices stabilizing , 2025 may be a prime time for buyers . However, elevated mortgage rates continue to shape affordability, making strategic decision-making essential for realtors and investors. ✅ Mortgage Rates Are Holding Steady—But Will They Drop? Mortgage rates remain a major factor influencing demand. We explore why inflation, Federal Reserve policies, and economic uncertainty will determine whether rates fall or remain high throughout 2025. ✅ First-Time Homebuyers Are Older—How This Affects the Market The median age of a first-time homebuyer has risen from 28 in 1991 to 38 in 2024 . This shift means realtors must adjust their approach , catering to buyers who are financially established but facing affordability challenges . ✅ The CFPB Debate—Will New Regulations Impact Home Loans? With new leadership at the CFPB , real estate lending policies could tighten or relax in the coming years. We break down how potential changes in mortgage regulations could impact buyer financing and loan availability . ✅ Expert Strategies for Realtors to Win in 2025 Special guest Conrad Jackson of REMAX Pinnacle shares actionable insights on increasing listing visibility, negotiating better deals, and understanding buyer behavior . His tips can help realtors and investors maximize success in a shifting market. Guest Bio – Conrad Jackson Conrad Jackson is a highly experienced real estate professional with REMAX Pinnacle in Arlington, Texas , specializing in buyer representation, seller negotiations, and market analysis in the DFW real estate market . In this episode, Conrad shares: 🏡 Why third-party inspections are crucial for new builds 💰 How to uncover a buyer’s true price range without pushback 📸 A simple MLS listing trick that increases showings and engagement As a trusted North Texas real estate expert , Conrad provides practical strategies that realtors, homebuyers, and sellers can use to navigate 2025’s evolving market . To connect with Conrad, visit ConradSellsDFW.com . Resources Mentioned in This Episode 📌 Connect with Conrad Jackson – REMAX Pinnacle ➡ Website: https://www.ConradSellsDFW.com 📌 Mortgage Rate Updates & Market Data ➡ Mortgage News Daily – Daily Rate Updates: https://www.mortgagenewsdaily.com ➡ Federal Reserve Economic Data (FRED): https://fred.stlouisfed.org 📌 DFW Real Estate Market Trends & Housing Reports ➡ Texas Real Estate Research Center – Market Analysis: https://www.recenter.tamu.edu ➡ North Texas Real Estate Market Stats (NTREIS): https://www.ntreis.net 📌 Consumer Financial Protection Bureau (CFPB) Information ➡ CFPB Official Website: https://www.consumerfinance.gov 📌 Follow & Subscribe to The Texas Real Estate and Finance Podcast 🎙️ Podcast Website: https://www.thetexasrealestateandfinancepodcast.com/ 🔗 All Podcast & Social Media Links: https://linktr.ee/mikemillsmortgage 🚀 Stay Ahead in the DFW Real Estate Market! If you're a realtor, investor, or homebuyer looking to stay informed on the latest market trends , this episode is a must-listen ! 📢 Enjoyed this episode? Don't forget to subscribe, leave a review, and share it with your fellow real estate professionals to help more people stay ahead in the DFW real estate market ! Timestamps (0:00 - 3:00) - Mortgage Rates Update & Economic Outlook (3:01 - 6:00) - Why Inflation is Keeping Mortgage Rates High (6:01 - 9:00) - North Texas Real Estate: Is 2025 a Buyer’s Market? (9:01 - 12:00) - Home Prices & Inventory Trends in DFW (12:01 - 15:00) - The Changing Demographics of Homebuyers (15:01 - 18:00) - The CFPB Debate: Consumer Protection or Overregulation? (18:01 - 21:00) - Will Trump & Elon Reform or Abolish the CFPB? (21:01 - 24:00) - Expert Realtor Tip: How to Get More Showings on Your Listing (24:01 - 25:12) - Closing Thoughts & Market Predictions for 2025…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Surviving the Real Estate Market 2025: Strategies for Realtors 1:05:45
1:05:45
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:05:45
Real Estate Market 2025 is here! Discover top realtor strategies, mortgage trends, and expert predictions to navigate home sales, prospecting, and marketing. With 2023 and 2024 being two of the worst years for home sales since 1995 , what will 2025 bring for realtors and investors ? If you’re wondering how to generate leads, close deals, and market effectively in a slow housing market , this episode is for you. Mike Mills and Conrad Jackson discuss real estate trends, mortgage rate shifts, and prospecting strategies to help realtors grow in 2025 . The Real Estate Market 2025 presents new challenges and opportunities for realtors, investors, and mortgage professionals . With home sales at their lowest levels in decades , successful agents must adapt their sales approach, improve lead generation, and embrace digital marketing . In this episode, Mike Mills and Conrad Jackson discuss: ✔ Current market trends and how realtors can thrive in 2025 ✔ How mortgage lending has evolved & what buyers need to know ✔ The truth behind builder incentives & their impact on home values ✔ Social media strategies for real estate agents to attract more clients ✔ How top-performing realtors are generating leads despite slow sales If you’re a real estate agent looking to scale in a challenging market , this episode has actionable insights to help you succeed! 🔑 Key Takeaways: How Realtors Can Thrive in 2025 1️⃣ The 2025 Housing Market Requires a Smarter Strategy The real estate market is shifting , and buyers are more hesitant than ever . Realtors need to educate clients, set realistic expectations, and focus on long-term investments to drive home sales. 2️⃣ Realtor Lead Generation: Prospecting Smarter, Not Harder Cold calling is out—relationship-based marketing is in! Realtors must build trust through social media, referral networks, and consistent follow-ups to close more deals. 3️⃣ Builder Incentives in 2025: Are They a Trap? With new construction making up nearly 30% of sales , agents must explain the risks of builder incentives , including higher long-term costs and slower equity growth . 4️⃣ Mortgage Lending 2025: What Realtors Must Know Loan approvals are stricter than ever , but requirements haven’t officially changed. Buyers should expect longer underwriting times, more documentation requests, and detailed credit scrutiny . 5️⃣ Social Media & Branding: Realtors Must Stand Out Online The best agents are winning business through Instagram, YouTube, and LinkedIn by providing educational content, market updates, and engaging video marketing strategies . 🎙️ About Our Guest: Conrad Jackson Conrad Jackson is a real estate agent, builder, and investor in Dallas-Fort Worth, Texas . With years of experience in residential and multifamily real estate , he specializes in new construction projects, housing market trends, and real estate investment strategies . As a mentor and educator , Conrad shares insights on business growth, mortgage lending, and adapting to changing market conditions . He is also deeply involved in community development and youth sports coaching , balancing his professional success with giving back to the next generation . 🔗 Learn more about Conrad: https://www.conradsellsdfw.com 📚 Resources for Realtors & Real Estate Investors 🔹 Conrad Jackson’s Real Estate Services – DFW property insights, homebuyer guidance, and investment strategies 👉 https://www.conradsellsdfw.com 🔹 National Association of Realtors (NAR) Market Reports – Stay ahead with the latest real estate trends and forecasts 👉 https://www.nar.realtor/research-and-statistics 🔹 Freddie Mac Mortgage Rate Trends – Track interest rates and mortgage lending shifts 👉 https://www.freddiemac.com/research 🔹 Tom Ferry Real Estate Coaching – Lead generation and marketing strategies for realtors 👉 https://www.tomferry.com 🎧 Listen & Subscribe to The Texas Real Estate and Finance Podcast! 📌 Official Website: https://www.thetexasrealestateandfinancepodcast.com 📌 All Podcast Platforms & Social Links: https://linktr.ee/mikemillsmortgage 🔔 Don’t forget to subscribe, leave a review, and share this episode with fellow realtors!…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 2025 Housing Forecast: Market Trends, Mortgage Rates & Real Estate Insights 1:15:51
1:15:51
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:15:51
The 2025 housing market is shaping up to be one of the most unpredictable in years—will home prices crash, or will they keep rising? In this episode, we break down housing trends, mortgage rate predictions, and real estate industry shifts that every realtor and mortgage professional needs to know. Don’t get left behind—tune in now to get ahead of the competition! Episode Overview The 2025 Housing Forecast is filled with uncertainty—will home prices drop, mortgage rates stabilize, or affordability continue to be a challenge? In this episode, host Mike Mills sits down with James Kleimann, Managing Editor at HousingWire , to break down the latest real estate trends, policy changes, and mortgage industry shifts that will shape the market in 2025. They dive deep into the impact of rising interest rates, housing supply shortages, and the role of AI in real estate and mortgage lending . Will Fannie Mae and Freddie Mac leave conservatorship? What do proposed real estate commission reforms mean for agents? And how will new federal housing policies affect buyers and sellers? Get the expert insights you need to stay ahead in the fast-changing real estate market . Key Takeaways Mortgage Rates in 2025: What to Expect Experts predict that mortgage rates will likely stay in the 6% range , with potential fluctuations depending on inflation, economic policies, and Federal Reserve actions . While some hope for a return to 4% rates , the bond market and U.S. debt levels make this unlikely in the near future. Housing Affordability Challenges Continue Home prices remain historically high , making affordability a top concern for buyers, real estate agents, and lenders . Rising insurance costs, credit reporting fees, and property taxes add additional strain, preventing many from entering the market despite strong demand. AI and Automation Are Reshaping Real Estate & Mortgage Lending AI-driven tools are making real estate agents and mortgage lenders more efficient, but they also threaten traditional roles like underwriters and processors . Big players in the industry are already investing heavily in AI , signaling major shifts in how loans are processed and real estate transactions are handled. Real Estate Commission Lawsuits Could Reshape the Industry The DOJ’s focus on real estate commissions and agent steering could lead to major changes in how agents are compensated . New regulations may affect MLS structures, buyer commissions, and the role of brokerages , making it crucial for realtors to stay informed on legal updates. 2025 Will Be a Defining Year for Real Estate Professionals With fewer home sales, tighter inventory, and evolving regulations , real estate agents and mortgage lenders must adapt to stay competitive. Whether through leveraging AI, improving marketing strategies, or adjusting to new commission structures , professionals who embrace change will have the best chance at success in 2025. Guest Bio James Kleimann – Managing Editor, HousingWire James Kleimann is the Managing Editor at HousingWire , the leading news source for real estate and mortgage professionals . With years of experience covering the housing market, mortgage industry trends, and federal housing policies , he has built a reputation as one of the most trusted voices in real estate journalism. In this episode, James shares expert insights into the 2025 Housing Forecast , breaking down mortgage rate trends, housing affordability challenges, and how AI is transforming the real estate industry . He also discusses the potential impact of new real estate commission lawsuits and federal policy changes that could reshape the way realtors do business. As a respected journalist and industry analyst, James Kleimann provides valuable knowledge that every real estate agent, mortgage lender, and investor needs to navigate the market in 2025. Resources The Texas Real Estate & Finance Podcast – Official Website https://www.thetexasrealestateandfinancepodcast.com/ The Texas Real Estate & Finance Podcast – All Links & Socials https://linktr.ee/mikemillsmortgage HousingWire – Latest Real Estate News & Market Trends https://www.housingwire.com Mortgage Bankers Association (MBA) – Policy Updates & Industry Insights https://www.mba.org National Association of Realtors (NAR) – Housing Market Reports https://www.nar.realtor Consumer Financial Protection Bureau (CFPB) – Mortgage Regulations & Borrower Rights https://www.consumerfinance.gov Fannie Mae – Mortgage Lending Guidelines & Housing Market Research https://www.fanniemae.com Freddie Mac – Housing Market Data & Mortgage Insights https://www.freddiemac.com U.S. Federal Reserve – Interest Rate Decisions & Economic Policy https://www.federalreserve.gov Listen Now & Stay Ahead in 2025! This episode is packed with expert insights, actionable strategies, and industry forecasts to help you stay competitive in the real estate market . If you’re a real estate agent, mortgage lender, or investor , you won’t want to miss these key trends shaping 2025’s housing market . 🔔 Subscribe & Follow: Never miss an episode! Subscribe to The Texas Real Estate & Finance Podcast and stay informed on real estate trends, mortgage industry updates, and expert interviews. 🎧 Listen Now: Available on Apple Podcasts, Spotify, YouTube, and all major podcast platforms. TIMESTAMPS [0:00 - 3:00] - How Homeownership Has Changed Since the 1980s [3:01 - 6:00] - Introduction: Housing Market Trends & Mortgage Industry Insights [6:01 - 9:00] - Trump’s Housing Policies: What to Expect in 2025 [9:01 - 12:00] - Fannie Mae & Freddie Mac: Will They Leave Conservatorship? [12:01 - 15:00] - DOJ’s Crackdown on Real Estate Commissions & Steering [15:01 - 18:00] - The MLS System Is Changing: What Agents Need to Know [18:01 - 21:00] - Building on Federal Land: Is This a Real Housing Solution? [21:01 - 24:00] - Why Housing Starts Are at Recession Levels [24:01 - 27:00] - The Real Reason Home Affordability Is Getting Worse [27:01 - 30:00] - Mortgage Rates & The Federal Reserve: What’s Really Driving Rates? [30:01 - 33:00] - The Rising Cost of Credit Reports, Insurance & Appraisals [33:01 - 36:00] - Why Real Estate Agents Should Stop Celebrating High Prices [36:01 - 39:00] - Trigger Leads & Borrower Data: How Lenders Are Flooding Buyers With Calls [39:01 - 42:00] - AI in Real Estate: How Agents & Brokers Can Stay Ahead [42:01 - 45:00] - AI in Mortgage Lending: Will Loan Officers Be Replaced? [45:01 - 48:00] - How Mortgage Companies Are Using AI to Cut Costs & Jobs [48:01 - 51:00] - Why Home Sales Are Expected to Stay Low in 2025 [51:01 - 54:00] - Mortgage Rate Predictions for 2025: Will Rates Drop? [54:01 - 57:00] - Consumer Debt Crisis & Its Impact on the Housing Market [57:01 - 1:00:00] - The Future of Home Equity Loans & Mortgage Innovation [1:00:01 - 1:03:00] - Will Credit Card Interest Rates Be Capped at 10%? [1:03:01 - 1:06:00] - How Real Estate Agents Can Survive the Market Shift [1:06:01 - 1:09:00] - The Shrinking Workforce in Mortgage & Real Estate [1:09:01 - 1:12:00] - Final Predictions for Home Sales, Rates & the Economy [1:12:01 - 1:15:50] - Closing Thoughts & What to Watch in 2025…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Mastering Real Estate Cycles: Strategies for Realtors to Thrive in Any Market 1:20:01
1:20:01
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:20:01
What does it take to succeed in a slowing real estate market? This week, Julie Holly reveals the keys to thriving during downturns, scaling your business, and leveraging relationships to uncover hidden deals. If you’re a Realtor looking for practical tips and long-term strategies, this episode is a must-listen! Mastering Real Estate Cycles is essential for any Realtor looking to succeed in a shifting market, and in this episode, we dive deep with seasoned investor and strategist Julie Holly. Julie shares her insights on navigating today’s challenging real estate landscape, building strong client relationships, and discovering hidden opportunities. From leveraging social media to creating clear sales cycles, she offers practical strategies for Realtors to implement immediately. We also discuss the emotional cycle of change in real estate, the importance of professionalism, and scaling wealth through multifamily investments. If you’ve been wondering how to grow your business during a slowdown, this episode is packed with actionable advice. Whether you're looking for new opportunities or refining your processes, Julie's expertise is sure to inspire and educate. Key Takeaways Define Clear Goals for Success Julie emphasizes the importance of setting specific, measurable goals to guide your real estate career. By defining what success looks like for you, you can focus your efforts on achieving results that align with your objectives. Relationships Are the Foundation of Real Estate Building strong relationships within your community and network is a cornerstone of real estate success. Julie explains how nurturing these connections can uncover hidden deals and establish you as a trusted professional. Adapt to Market Cycles Julie highlights why slowing markets are often the best time for growth, as competition decreases and new opportunities emerge. Realtors who remain proactive and embrace market shifts are more likely to thrive. Leverage Social Media Strategically Rather than chasing vanity metrics, Julie advises Realtors to use social media to reinforce expertise and maintain visibility with their sphere. Strategic posting can enhance your reputation and expand your reach. Treat Real Estate Like a Profession Julie underscores the importance of adopting a professional mindset, from creating clear sales cycles to implementing effective systems. Treating your business with the same rigor as a top company ensures long-term success in any market. Guest Bio Julie Holly is the founder of Three Keys Investments and the host of The Conscious Investor podcast. As a third-generation real estate professional, Julie brings decades of experience to the table, ranging from residential sales to multifamily investments and assisted living facilities. Her expertise lies in helping investors protect, preserve, and grow their wealth through scalable, strategic investments. Having been both a limited and general partner in large apartment complexes, Julie has navigated complex markets and developed a reputation for her clear, proven strategies. Beyond real estate, Julie is a sought-after speaker and coach, empowering others to achieve financial freedom while staying true to their purpose. Resources Here are the updated resources mentioned in this episode: Three Keys Investments Website : Learn more about Julie Holly’s work and explore resources for multifamily investing at https://www.threekeysinvestments.com/ . The Conscious Investor Podcast : Listen to Julie’s podcast for actionable advice on purpose-driven investing: https://podcasts.apple.com/us/podcast/the-conscious-investor/id1501539079 . Accidental Genius by Mark Levy : Discover the power of free writing to unlock creativity and focus. Available on major book retailers or find it here: https://www.amazon.com . The 12 Week Year by Brian P. Moran : Learn how to achieve your goals faster with the concepts of focused execution: https://www.the12weekyear.com . Contact Mike Mills for Mortgage Solutions : Explore Mike’s offerings, including conventional, VA, FHA, rehab, construction, HELOCs, and bridge loans, through his Linktree: https://linktr.ee/mikemillsmortgage . TimeStamped Summaries [0:00 - 0:48] - Defining Priorities in Real Estate [1:00 - 4:06] - Podcast Introduction and Goonies-Themed Adventure [4:07 - 6:38] - The Power of Community and Audience Engagement [6:39 - 10:46] - Overcoming Information Overload [10:47 - 16:00] - Harnessing Free Writing and Mindfulness [16:01 - 18:55] - Processing Negativity and Externalizing Ideas [18:56 - 22:59] - Perception of Great Markets in Real Estate [23:00 - 30:39] - Strategic Sales Cycles for Real Estate Agents [30:40 - 35:09] - Integrating Social Media and Community Outreach [35:10 - 38:10] - Building Mental Market Share [38:11 - 42:23] - Defining Professionalism in a Changing Market [42:24 - 44:15] - Encouraging Client Preparedness [44:16 - 47:36] - Staying Focused While Building a Business [47:37 - 50:28] - Treating Real Estate as a True Profession [50:29 - 54:59] - The Emotional Cycle of Change in Real Estate [55:00 - 56:54] - Perseverance and Success Through Consistency [56:55 - 59:53] - Lessons from Overcoming Adversity [59:54 - 1:01:58] - Finding Joy in the Journey [1:01:59 - 1:08:50] - Scaling Through Commercial Real Estate [1:08:51 - 1:11:12] - Exploring New Avenues in Real Estate [1:11:13 - 1:12:41] - The Value of Diverse Conversations [1:12:42 - 1:15:38] - Political Impacts on Real Estate [1:15:39 - 1:19:24] - Civic Engagement and Real Estate Advocacy [1:19:25 - 1:20:00] - Closing Remarks…
T
The Texas Real Estate & Finance Podcast with Mike Mills

What do rising mortgage rates, record-low inventory, and Trump’s economic agenda mean for real estate in 2025? This episode dives into the strategies you need to thrive amidst uncertainty. Don’t miss out—your future clients are counting on you to stay ahead. On this week’s Texas Real Estate and Finance Podcast , we analyze the post-election housing market, focusing on the housing affordability crisis , historic rate trends, and the impact of President Trump’s proposed policies. We tackle the challenges of limited inventory, surging multifamily construction, and shifting demographics in homebuying. Discover practical insights on how deregulation and tax incentives could influence supply and affordability. And don’t miss the final segment where we unveil a powerful AI-driven tool designed to elevate your real estate business for the year ahead. Key Takeaways Mortgage Rates Remain Volatile Amid Economic Uncertainty Mortgage rates have been on a rollercoaster, fluctuating between the low 6% range and above 7% within weeks. Factors like weak job creation, declining banking liquidity, and the Federal Reserve’s rate cuts are contributing to this unpredictability. Understanding these dynamics is critical for navigating today’s market. Trump’s Policies Could Reshape Housing Affordability With Trump’s return to the White House, key policies on tariffs, immigration, and deregulation are expected to impact housing costs and supply. While deregulation and tax incentives could encourage construction, tariffs on building materials and immigration restrictions may exacerbate affordability challenges. The Housing Affordability Crisis Intensifies Home prices have risen 57% since 2020, far outpacing wage growth at just 28%, making homeownership increasingly out of reach. The typical age of first-time buyers has climbed to 38, reflecting the growing challenges younger generations face in entering the market. Economic Pressures Are Reshaping Real Estate Trends Rising national debt and shrinking market liquidity are putting pressure on the economy and real estate markets. The Federal Reserve’s actions and Trump’s economic agenda could lead to further market volatility, requiring professionals to stay vigilant and adapt to changing conditions. Revolutionize Your Business Planning with AI Tools The episode closes with an introduction to ChatGPT as a transformative tool for real estate professionals. This AI platform can help streamline business planning, marketing, and operations, offering agents a competitive edge in 2025’s uncertain market. Resources Mentioned in This Episode National Association of Realtors (NAR): https://www.nar.realtor Mortgage News Daily: https://www.mortgagenewsdaily.com CoreLogic Home Price Insights: https://www.corelogic.com/intelligence/reports/home-price-insights/ HousingWire – Logan Mohtashami's Analysis: https://www.housingwire.com/author/logan-mohtashami/ IRS Opportunity Zones: https://www.irs.gov/credits-deductions/businesses/opportunity-zones ChatGPT by OpenAI: https://chat.openai.com ChatGPT Prompts for Business Planning: Pillar 1: Business Foundation and Strategy Free Prompt: "Ask me a series of questions to help define my real estate business foundation, covering brand identity, target client, market niche, and target price point. Go one question at a time and summarize with tailored suggestions." Paid Prompt: "Chat, using everything you know about me from my custom setup, guide me through a series of questions to help define my brand, ideal client, market niche, and price point. Go one question at a time and summarize with tailored suggestions based on my unique style, experience, and goals." Pillar 2: Marketing and Client Acquisition Free Prompt: "Chat, ask me a series of questions to develop a marketing game plan for reaching my ideal clients. Cover my current marketing activities, preferred social media platforms, and client engagement strategy. Go one question at a time and summarize with tailored suggestions." Paid Prompt: "Chat, based on my custom GPT, ask me a series of tailored questions about my favorite marketing activities, best social platforms for my target clients, and ways I currently engage my clients. Go one question at a time and summarize with tailored suggestions based on my unique style, experience, and goals." Pillar 3: Operations and Professional Growth Free Prompt: "Guide me in building my operations plan with questions about my daily and weekly routines, skill-building goals, and wellness practices. Go one question at a time and summarize with suggestions for improving my time management and focus." Paid Prompt: "Chat, using my custom profile, ask tailored questions on organizing my schedule, skills to develop for my target market, and wellness routines to keep me motivated in growing my business. Go one question at a time and summarize with tailored suggestions based on my unique style, experience, and goals. TIMESTAMPS [0:00 - 1:47] - Introduction and Overview of Election Impact [1:50 - 2:39] - Mortgage Rates and Market Uncertainty [2:39 - 6:56] - The Growing Housing Affordability Crisis [6:56 - 12:37] - Housing Supply and Regional Market Variations [12:37 - 16:15] - Multifamily Housing and Affordable Construction Trends [16:15 - 21:07] - Trump’s Election Victory and Political Implications [21:07 - 24:29] - Trump’s Policies and Their Potential Housing Market Effects [24:30 - 29:13] - Deregulation, Opportunity Zones, and Long-Term Housing Strategies [29:13 - 34:24] - Leveraging ChatGPT for Business Planning in 2025 [34:24 - 35:20] - Closing Thoughts and Takeaways…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Top Strategies for Developing Real Estate Teams That Thrive 1:06:16
1:06:16
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:06:16
Ready to turn your real estate team into a powerhouse? In today’s episode, we’re diving deep with Alex Kutsishin, co-founder of Fuel, on how to build and lead a team where every member performs at their peak. Discover practical strategies to enhance your team’s effectiveness and create a winning culture in real estate. Episode Overview In this episode, we explore the top strategies for Developing Real Estate Teams That Thrive with guest Alex Kutsishin, co-founder of Fuel. Together, we dive into key leadership insights on boosting team performance, maintaining high standards, and recognizing when it’s time to elevate—or replace—team members. Alex shares actionable tips on measuring team progress, creating high-impact learning experiences, and fostering an environment that encourages growth for each member. We also discuss how to inspire a results-oriented mindset while maintaining a balanced, healthy work atmosphere. From self-improvement to performance-based analytics, this episode equips real estate professionals with the tools needed to create unstoppable teams. Whether you’re a seasoned broker or building your first team, this conversation will give you the edge to lead with impact and purpose. Key Takeaways Elevate Team Standards Consistently Alex emphasizes that successful teams continuously raise standards to ensure every team member performs at their best. Leaders should seek 95% of the team to meet 100% of expectations, with standards evolving as the team excels. Shift to a Talent-Development Mindset Transitioning from personal performance to team-focused leadership requires viewing every interaction as a chance to develop talent. Alex shares practical ways leaders can enhance each member’s skills and build a culture of continuous improvement. Autonomy and Accountability in Performance Fuel’s platform encourages autonomy by allowing members to engage in personalized courses while maintaining accountability. Leaders can track growth and address specific areas for improvement, making training impactful and personalized. Focus on Performance Over Knowledge Moving beyond conventional training, Fuel’s approach emphasizes practicing skills rather than just understanding concepts. By encouraging team members to apply what they’ve learned, they’re better prepared for real-world success. The Journey is the Goal Both Alex and Mike discuss the importance of viewing progress as a continuous journey. By celebrating small wins and pushing through challenges, real estate professionals can stay motivated, avoid burnout, and keep their teams energized for the long term. Guest Bio Alex Kutsishin is a seasoned entrepreneur and co-founder of Fuel, a leading platform in personal and professional development designed to build high-performance teams. With a background that spans launching ten diverse businesses, Alex brings a wealth of knowledge in team-building, leadership, and innovative training approaches. His commitment to developing teams through hands-on practice and performance analytics has made Fuel a go-to resource for companies worldwide. Alex’s insights inspire leaders to redefine team standards and build a culture where every member thrives. Resources For additional insights and tools mentioned in this episode, check out the following resources: Fuel Personal & Professional Development Platform – Dive into a range of performance-enhancing courses and tools: https://www.myfuel.io/ Patty McCord’s Article on Building Teams Like Sports – Insight into building strong, talent-focused teams: https://www.hbr.org/2015/01/how-netflix-reinvented-hr Book Recommendation – Leadership Matters , co-authored by Alex Kutsishin and Mike Mills: https://leadershipmatters.us/ Connect with Mike Mills – Access Mike’s latest updates, resources, and podcast links on Linktree: https://linktr.ee/mikemillsmortgage TimeStamped Summaries: [0:00] - Redefining Team Performance Standards [0:36] - Setting the Stage for Real Estate Success [3:22] - Alex Kutsishin: An Unconventional Approach to Leadership [4:09] - Leaders as Talent Developers, Not Taskmasters [5:07] - Accountability in Team Development [8:46] - Setting Clear Standards and Expectations [11:06] - Understanding “Are You Doing Your Best?” [14:31] - The Value of Incremental Growth and Self-Improvement [16:46] - The Competitive Mindset in Business [18:26] - Measuring Success and Adjusting Standards [22:48] - Embracing the Growth Journey in Leadership [24:39] - Self-Care and Personal Well-Being as Key to Performance [32:02] - Building Top Performers, Not Expecting Them to Arrive Fully Formed [35:09] - Fuel Inc.: A Tool for Talent Development and Growth [41:59] - Autonomy and Accountability in Team Growth [55:26] - Practicing Skills to Build Lasting Competence [57:33] - Fuel's Accessibility for Teams of All Sizes [1:00:45] - Alex’s Personal Journey to Entrepreneurship [1:04:14] - Alex’s Philosophy: Do What You Love and Reach for New Goals [1:06:07] - Closing Remarks and Listener Appreciation…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Realtor’s Guide to 2024: Trump vs Kamala Housing Policies Explained 1:23:59
1:23:59
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:23:59
Are you ready to discover which presidential candidate's housing policies could make or break the real estate market? In this episode, we dive into the differences between Trump’s and Kamala Harris’s stances on housing, with expert insight from D.C. insider Michael Williams. Join us as we uncover which policies might truly impact your business—and what you need to know before election day! Episode Overview In this timely episode of The Texas Real Estate and Finance Podcast , we tackle the hot topic of the 2024 presidential election and its potential impact on real estate. Host Mike Mills sits down with Michael Williams, an experienced Washington lobbyist and policy strategist, to break down the differences between Trump’s and Kamala Harris’s housing policies. With the election just days away, they explore how these contrasting policy approaches could influence housing affordability, real estate investments, and the regulatory landscape that Realtors navigate daily. From affordable housing proposals to deregulation debates, this episode answers crucial questions that real estate professionals need to consider as they head to the polls. Whether you're an agent, investor, or loan officer, gain valuable insights into how this election could reshape the real estate industry. Key Takeaways The Reality of Affordable Housing Promises Michael Williams discusses why sweeping federal affordable housing programs often fail due to complex local regulations and red tape. He highlights the challenge of aligning federal funding with state-level incentives to boost housing supply effectively. Down Payment Assistance Programs: Do They Work? We explore Kamala Harris’s proposal for $25,000 in down payment assistance for first-time homebuyers. Williams explains how this type of assistance could increase demand but won’t solve supply issues, potentially driving prices even higher. The Limits of Deregulation in Real Estate Williams shares his view on Trump’s deregulation promises, explaining why federal deregulation might not make a noticeable difference in housing supply, as zoning regulations are largely determined at the state and local levels. Systemic Challenges to Housing Policy Implementation Both Williams and Mills highlight the logistical and structural hurdles in implementing long-term housing policies, noting how temporary political goals often overshadow the sustained efforts needed for real change. Why Your Vote Matters in Housing Policy With a deep dive into how policies affect everyday housing, Williams stresses that Realtor and consumer participation in elections is essential for driving policies that prioritize real estate issues. Voter turnout directly impacts whether housing policies become a priority in Washington. Guest Bio Michael Williams is a seasoned lobbyist and policy strategist with nearly two decades of experience in Washington, D.C., specializing in financial services, housing policy, and legislative affairs. His career includes working with influential political figures and administrations, such as Governor Mario Cuomo and President Bill Clinton, where he was involved in groundbreaking initiatives across trade, tax, and banking regulations. As a political consultant, Williams now advises top financial institutions and government bodies on critical housing and finance policies. Known for his practical approach to navigating policy challenges, Williams brings valuable insider knowledge on the legislative process and its impact on the real estate market. His insights shed light on the policy contrasts between presidential candidates, offering real estate professionals an in-depth understanding of how political shifts might influence the industry. Resources National Association of Mortgage Brokers: https://namb.org Information on Dodd-Frank Act: https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp Federal Housing Administration (FHA) Guidelines: https://www.hud.gov/program_offices/housing/fhahistory Housing and Urban Development (HUD) Affordable Housing Initiatives: https://www.hud.gov/topics/rental_assistance/phprog VA Loan Information: https://www.va.gov/housing-assistance/home-loans/ TImeStamped Summaries [0:00 - 4:00] - The Housing Market's Demand vs. Supply Dilemma [4:01 - 8:00] - Introducing the Podcast with a Halloween Twist and Election Preview [8:01 - 12:00] - Michael Williams’ Political Background and Housing Policy Experience [12:01 - 16:00] - Post-2008 Housing Policy and the Legacy of Dodd-Frank [16:01 - 20:00] - Affordable Housing, Rent Control, and Implementation Challenges [20:01 - 24:00] - Defining ‘Affordable Housing’ and its Varying Standards [24:01 - 28:00] - The Complexity of Down Payment Assistance and Private Sector Involvement [28:01 - 32:00] - HUD Funding, Inefficiencies, and the Role of Federal Oversight [32:01 - 36:00] - Discrimination in Housing and Anti-Bias Policies [36:01 - 40:00] - Social Issues in Politics and Policy Distraction [40:01 - 44:00] - Trump’s Deregulation Stance and Local-Level Zoning Limitations [44:01 - 48:00] - Private Sector Incentives and Tax Code Reforms [48:01 - 52:00] - Historical PSAs and Modern Civic Engagement in Housing [52:01 - 56:00] - Mobilizing Private Sector Support and Industry Stakeholders [56:01 - 1:00:00] - Political Apathy and Single-Issue Voting in Housing Policy [1:00:01 - 1:04:00] - Voter Influence and Housing Policy Intentionality [1:04:01 - 1:08:00] - The Importance of Housing Policy and American Financial Stability [1:08:01 - 1:12:00] - Unified Housing Solutions Through Stakeholder Collaboration [1:12:01 - 1:16:00] - Voter Participation as a Catalyst for Political Change [1:16:01 - 1:20:42] - Final Encouragement: The Power of Voting and Civic Responsibility…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Mortgage rates are rising again, and debt is reaching staggering new heights in the U.S., impacting everything from home affordability to global markets. What does this mean for real estate professionals navigating today’s market? In this episode, we break down why rates have spiked, analyze recent housing data on inventory and price trends, and discuss Texas’ urgent need for new homes despite historic lows in transactions. Plus, we explore why home equity loans could be the key to managing high-interest debt for many households. Episode Overview In this episode, we dive deep into the impact of rising debt on mortgage rates and how it’s shaping today’s real estate market. We start with the focus keyphrase “Rising Mortgage Rates,” examining the factors contributing to this increase, including recent Federal Reserve actions, U.S. debt, and economic data adjustments. We then cover the latest housing data, with insights from HousingWire’s Logan Mohtashami on how inventory and price trends are shifting. Moving to Texas, we explore the state’s pressing need for hundreds of thousands of new homes to keep up with rapid population growth and housing demand. Finally, we discuss how home equity loans could serve as a strategic tool for clients managing high-interest debt, offering realtors an opportunity to guide clients toward improved cash flow and financial stability. Key Takeaways 1. Why Mortgage Rates Are Rising: High government debt and recent data adjustments are putting upward pressure on mortgage rates, making it crucial for real estate professionals to stay updated on these influencing factors to better guide clients. 2. Housing Inventory and Price Cuts: Despite slight gains in inventory, housing supply remains tight across most markets, while sellers are increasingly adjusting prices to stay competitive. This may signal more flexibility for buyers, but affordability challenges persist. 3. Texas’ Housing Needs Amid High Demand: Texas is seeing unprecedented growth, especially in metro areas like Dallas-Fort Worth. With a shortage of nearly 50,000 housing units, new legislation and regulatory changes are vital to tackling the affordability crisis in Texas. 4. The Debt Crisis and Mortgage Rates: As U.S. debt skyrockets, Treasury yields are climbing, which in turn drives mortgage rates higher. Until debt levels stabilize or government spending reduces, high mortgage rates may be here to stay. 5. Leveraging Home Equity Loans for Debt Management: For clients carrying high-interest debt, a home equity loan can provide relief, offering a lower interest rate and the potential for increased cash flow. This strategy can be a smart move for those looking to consolidate debt and manage finances more effectively. Resources Here are the resources mentioned in this episode: HousingWire Article by Logan Mohtashami Read Logan Mohtashami's analysis on recent trends in housing inventory and seller activity: https://www.housingwire.com/articles/housing-inventory-fell-last-week-have-sellers-called-it-quits/ Dallas Morning News - Texas Housing Shortage Read the full article on Texas’ housing needs and the push for new construction in urban areas: https://www.dallasnews.com/business/real-estate/2024/08/28/texas-must-build-hundreds-of-thousands-of-new-homes-to-combat-shortage-state-report-says/ U.S. Federal Reserve Economic Data (FRED) For data on Treasury yields, mortgage-backed securities, and economic indicators affecting mortgage rates, visit: https://fred.stlouisfed.org Texas Comptroller’s Housing Report Explore the Texas Comptroller’s Office report on housing demand and affordability across Texas: https://comptroller.texas.gov Mortgage News Daily - Current Rates Keep up with the latest mortgage rate updates on Mortgage News Daily: https://www.mortgagenewsdaily.com Freddie Mac Home Equity Loan Information Learn about Freddie Mac’s new initiatives in home equity loans: https://www.freddiemac.com Connect with Mike Mills Website: www.mikemillsmortgage.com Facebook: facebook.com/MikeMillsMortgage Instagram: instagram.com/mikemills_mortgage LinkedIn: linkedin.com/in/mikemillsmortgage Twitter: twitter.com/MikeMillsMortgage Timestamped Summaries [0:00 - 3:30] - Unpredictable Mortgage Rate Predictions and Economic Realities [3:30 - 6:45] - Rising Mortgage Rates and Their Market Impact [6:45 - 10:00] - Housing Market Shifts: Inventory and Demand Analysis [10:00 - 13:45] - The U.S. Debt Crisis and Mortgage Rate Implications [13:45 - 17:00] - Texas Housing Shortage Amid Surging Demand [17:00 - 20:15] - Leveraging Home Equity to Combat High-Interest Debt [20:15 - 24:00] - Cash Flow Benefits and Fixed-Rate Debt in an Inflationary Environment [24:00 - 28:00] - Practical Debt Management: Home Equity Loan Types and Scenarios [28:00 - 32:00] - Economic Outlook and Debt Management Takeaways [32:00 - End] - Conclusion and Upcoming Interview Teaser…
T
The Texas Real Estate & Finance Podcast with Mike Mills

What if leads could come directly to you—without spending a dime on marketing? In this episode, we dive into the art of organic lead generation through Facebook Groups, where realtors and investors create thriving communities that fuel business growth. Discover Kris Sachtleben's proven strategies to build connections and dominate your market. In this episode, we dive deep into the world of organic lead generation , with real estate entrepreneur Kris Sachtleben sharing how he built a massive network using Facebook Groups. Kris reveals his proven strategies for creating real estate communities that connect agents, investors, and wholesalers, leading to powerful business growth. You’ll learn how to use Facebook Groups to attract off-market property leads, generate organic connections, and leverage these relationships to grow your business. We also explore why nurturing relationships in digital spaces is essential for real estate success in today’s market. Whether you're looking for ways to build your realtor brand or uncover hidden opportunities, this episode is packed with actionable insights. Tune in and get ready to rethink your networking approach. Key Takeaways Organic Lead Generation Through Facebook Groups Kris Sachtleben shares how he uses Facebook Groups to generate leads organically, creating a constant flow of potential buyers, sellers, and investors without relying on paid ads. His strategy focuses on building value-driven communities that attract members who are actively looking for real estate opportunities. Building a Real Estate Network From Scratch Kris explains how to start and grow a real estate Facebook Group from zero. By connecting with key players in the industry, such as agents, wholesalers, and investors, you can create a self-sustaining network that continuously grows through word of mouth and organic engagement. Leveraging Relationships for Long-Term Success The episode highlights the importance of relationship-building in real estate. Kris reveals that focusing on the needs of group members, providing them with value, and making key connections have been central to his success in creating thriving communities that fuel business growth. Finding Off-Market Deals Through Online Communities Kris explains how his Facebook Groups have become a valuable resource for discovering off-market real estate deals. These groups connect buyers, sellers, and investors in real-time, often giving members first access to opportunities before they hit the MLS. Scaling Your Network Across Multiple Markets As the founder of over 20 real estate Facebook Groups spanning multiple states, Kris shares his blueprint for scaling online communities. He emphasizes that once the first group is successful, replicating it in other markets becomes easier, allowing for rapid growth across different regions. Guest Bio: Kris Sachtleben Kris Sachtleben is a real estate entrepreneur who has mastered the art of building powerful online communities to drive organic lead generation. With a background in billboard location development, Kris transitioned into real estate, creating and managing over 20 real estate-focused Facebook Groups with a combined membership of more than 300,000 agents, investors, and property buyers. His expertise lies in fostering valuable connections between industry professionals, facilitating off-market deals, and helping realtors grow their businesses through strategic networking. In addition to his real estate ventures, Kris continues to lead a successful signage business while offering unique services like private jet travel for real estate investors. Resources Mentioned in This Episode: Grand Chateau Properties: Visit grandchateauproperties.com to explore Kris Sachtleben's Facebook Groups and resources across 23 states. URL: http://grandchateauproperties.com Advent Jets: Learn more about private jet travel and luxury services for real estate investors. URL: https://www.adventjets.com DFX Exchange Lending Platform (Real Estate Capital Community): Find funding for real estate projects through Kris’s partnership with DFX Exchange, which connects investors to family offices and private lenders. URL: https://dealflowxchange.com/real-estate-capital-community Prime Nationwide LLC Services: Access nationwide LLC creation, tax consultation, and other legal services through Kris’s partnership with Prime. URL: https://www.prime.com Max Maxwell (Real Estate Influencer): Follow Max Maxwell’s insights on real estate investing and lead generation. URL: https://www.maxmaxwell.com Connect with Kris Sachtleben: Reach out to Kris directly for collaboration and networking opportunities. URL: https://bit.ly/m/Kris-Sachtleben Mike Mills Contact Information: Find all of Mike’s contact details and resources for mortgages and real estate financing. URL: https://linktr.ee/mikemillsmortgage Time Stamped Summary [0:00 - 3:59] - The Power of Reaching Out & Introduction [4:00 - 8:51] - Building Real Estate Groups & Organic Growth [8:52 - 12:49] - Addressing Facebook Group Skepticism & Database Building [12:50 - 17:27] - Starting a Facebook Group & Connecting People [17:28 - 22:43] - Scaling the Group Model & Digital Networking [22:44 - 26:50] - Delegating Group Management & Kris’s Career Transition [26:51 - 31:27] - Expanding Networks & Engaging Moderators [31:28 - 36:29] - Vetting Moderators & Billboard-to-Facebook Transition [36:30 - 40:15] - Becoming a "Super Connector" & Business Expansion [40:16 - 45:48] - Expanding Resources & Systems for Scaling [45:49 - 51:35] - Group Management Strategies & Scalable Systems [51:36 - 56:03] - Live Events & Educational Resources…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Rates may be high right now, but they won’t stay that way forever! With the Fed's ongoing rate adjustments, preparing yourself for refinancing opportunities when lower rates return is key. Tune in to learn the exact steps to refinancing success and how today’s real estate trends could affect your future financial decisions. In this episode of The Texas Real Estate & Finance Podcast , we break down the Refinancing Steps Explained —a crucial guide for anyone looking to save money when mortgage rates drop again. Mike walks you through the five key steps of the refinancing process, from assessing your financial situation to closing the loan. In addition, we dive into critical real estate topics, including the impact of rising mortgage rates , the latest on U.S. birth rates and their long-term effects on housing demand, and whether Texas is still affordable . Stay informed, optimize your real estate strategies, and make sure you’re ready for when rates finally come down! Key Take Aways 1. Mortgage Rates and the Federal Reserve’s Policy Mortgage rates are climbing, but surprisingly, the Federal Reserve continues to signal potential rate cuts soon. Mike explains the disconnect between the Fed’s policy direction and mortgage rate trends, and why this is crucial for real estate professionals to understand. 2. The Impact of Shrinking U.S. Birth Rates on Real Estate The U.S. birth rate hit record lows in 2023, and this trend will likely impact the housing market over time. Fewer births could mean less demand for larger, family-sized homes, potentially shifting the focus to smaller homes and urban living spaces. Realtors should be aware of these population shifts when advising clients. 3. Is Texas Still Affordable? A recent study shows that living comfortably in cities like Dallas and Arlington now requires an income close to six figures. With Dallas ranked as the second most expensive city in Texas , affordability remains a pressing issue, especially for homebuyers looking to settle in North Texas. 4. Refinancing: Preparing for Lower Rates Refinancing might not be top of mind now, but rates will eventually fall. When they do, knowing the refinancing steps will save you time and money. Mike explains how to evaluate your credit score, debt-to-income ratio, and home equity to position yourself for a successful refinance. 5. Step-by-Step Refinancing Process Breakdown Understanding refinancing is crucial, especially with rates expected to drop. Mike walks through the 5 key steps to refinancing, including assessing your financial situation, finding the right lender, and completing the loan application. If you're looking for a quicker and simpler option, watch this Streamline Refinancing video for more details: https://youtu.be/rfXjLXHuYzA Resources Mentioned in This Episode: Cost of Living in Dallas : Learn what it takes to live comfortably in Dallas and other major Texas cities with this detailed Dallas Morning News article: https://www.dallasnews.com/business/personal-finance/2024/10/07/does-it-take-a-six-figure-income-to-live-comfortably-in-dallas-and-other-texas-cities/ U.S. Birth Rates Decline : Explore the broader implications of the U.S. birth rate hitting record lows in 2023 with this CNN report: https://www.cnn.com/2024/04/24/health/us-birth-rate-decline-2023-cdc/index.html Streamline Refinancing Explained : Want to know more about Streamline Refinancing? Check out Mike’s comprehensive YouTube guide: https://youtu.be/rfXjLXHuYzA When Should You Refinance Your Mortgage? : Not sure if it’s the right time to refinance? Watch Mike's YouTube video that breaks it down for you: https://youtu.be/Ng7QXh15L38 Mortgage Rates Today : Stay updated with the latest mortgage rates on Mortgage News Daily : https://www.mortgagenewsdaily.com/ Get Your Mortgage Questions Answered : For expert mortgage advice, visit Mike Mills' website at: https://www.millsteammortgage.com Connect with Mike Mills : Stay connected with Mike on all his platforms using his Linktree: https://linktr.ee/mikemillsmortgage TIme Stamped Summary: [0:00 - 2:17] Introduction: Mortgage Rates Are Up [2:17 - 2:39] Mortgage Rates Update: An Economic Paradox [2:39 - 3:09] Housing Market: Signs of Life Amidst High Rates [3:09 - 10:22] U.S. Birth Rates and Their Impact on Housing Demand [10:22 - 13:25] Mixed Signals in the U.S. Housing Market [13:26 - 15:47] Home Prices and Inventory Levels [15:47 - 16:28] Refinancing Activity Surges [16:29 - 26:19] Forecasting the Future of Mortgage Rates and the Housing Market [26:19 - 31:34] The Refinancing Process: Step-by-Step Breakdown [31:34 - 32:03] Loan Processing and Underwriting [32:03 - 32:16] Closing the Loan [32:16 - 32:36] Skipping a Mortgage Payment [32:36 - 33:03] The Importance of Understanding Refinancing [33:03 - 33:59] Conclusion and Teaser for Next Episode…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Daily Realtor Success Habits: How to Thrive in Tough Market Conditions 1:12:54
1:12:54
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:12:54
Want to discover the daily habits that separate top Realtors from the rest? In this episode of The Texas Real Estate and Finance Podcast , Conrad Jackson shares his proven strategies for thriving in today’s tough real estate market. From marketing secrets to leveraging community connections, this episode is packed with actionable advice to help you boost your business and plan for long-term success! Detailed Episode Overview In this episode of The Texas Real Estate and Finance Podcast , host Mike Mills sits down with Conrad Jackson to dive into the daily success habits that every Realtor needs in today’s challenging market. Focused on the theme of Daily Realtor Success , this episode covers essential strategies for Realtors looking to maintain and grow their business, even when the market slows down. Conrad offers tips on scheduling, leveraging tools like Property Boost and Adworks, and explains the importance of community involvement and video marketing. With insights into how to diversify income streams, build stronger client relationships, and set yourself up for a productive 2025, this episode delivers valuable advice for any Realtor looking to elevate their game. Key Takeaways Master Daily Realtor Success Habits Conrad Jackson emphasizes the importance of maintaining a structured daily routine, especially in tough market conditions. By starting the day early and dedicating mornings to high-return activities like lead generation, scheduling, and follow-ups, Realtors can create consistency and drive long-term success. Leverage Marketing Tools Like Property Boost Conrad highlights the effectiveness of Property Boost , a cost-effective tool that promotes listings and drives engagement through social media. By investing in targeted ad campaigns, Realtors can attract clicks and potential clients, even in a slow market. Maximize Your Sphere of Influence Engaging with your community and network is key to generating leads and maintaining visibility. Realtors are reminded to connect with their local contacts and expand beyond immediate family or friends, engaging with everyone from grocery store clerks to parents in the car pickup line. Incorporate Video Marketing Conrad discusses the importance of video marketing for real estate professionals. He explains how Realtors can use video content to showcase their expertise, build a personal brand, and appear in search results, helping to validate their credibility and stand out in a competitive market. Diversify Your Real Estate Business To thrive in any market, Conrad recommends Realtors explore additional income streams, such as real estate investment, new construction, or property development. Diversifying business activities helps Realtors stay financially secure during slower sales periods while strengthening their expertise in various aspects of the industry. Guest Bio: Conrad Jackson Conrad Jackson is a highly experienced Realtor with over 20 years of expertise in the Texas real estate market. As a multifaceted professional, Conrad not only excels in single-family and multifamily investments but is also an accomplished builder and real estate developer. His hands-on approach extends to his successful YouTube channel, where he shares valuable tips and guides on home rehab projects and what to look for in real estate investments. Conrad’s vast experience in various sectors of real estate, combined with his active involvement in his local community, makes him a trusted figure in the industry. Known for his dedication, strategic marketing insights, and ability to thrive in tough market conditions, Conrad brings a wealth of knowledge to Realtors looking to grow their business and diversify their income streams. Resources Mentioned in This Episode Property Boost for Real Estate Ads Learn how to leverage Property Boost to promote your listings and generate high engagement through targeted ad campaigns. URL: https://new.propertyboost.com/welcome Adworks for Realtor Advertising Use Adworks to advertise yourself as a Realtor and stay visible to potential clients in your area. URL: https://www.adwerx.com/ Conrad Jackson’s YouTube Channel on Home Rehab Follow Conrad’s channel for expert tips on home rehabbing, property investments, and what to look for in real estate projects. URL: https://www.youtube.com/@Realestateondeck Geneva Financial - Mike Mills Contact Mike Mills at Geneva Financial for home loans, refinancing, or to explore mortgage options for your clients. URL: https://www.millsteammortgage.com The Texas Real Estate and Finance Podcast on Spotify Listen to more episodes for expert insights and tips on thriving in the real estate market. URL: https://open.spotify.com/show/6BNBX9lJe2D0kOmniCAVtb?si=4312f96da1b94e3b…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Mortgage rates have been on a wild ride this year—first dropping and then climbing back up. Did you miss the boat on refinancing, or is there another chance down the road? In this episode, we dive deep into refinance rate trends and help you decide whether now is the right time to refinance, or if waiting for rates to drop again could save you even more. Detailed Episode Overview In this episode of The Texas Real Estate and Finance Podcast , Mike Mills, a North Texas Mortgage Banker with Geneva Financial, breaks down the latest refinance rate trends and why 2024 could be a pivotal year for homeowners. Mike explains the Fed's rate cuts and their impact on mortgage rates, highlighting who should consider refinancing now and who might want to wait. He also explores how refinancing could help homeowners with high-interest debt or those locked into higher rates from the past few years. From the fluctuating housing market to institutional investors buying up affordable homes, Mike covers all the crucial points realtors and homeowners need to know. Key Takeaways Understanding Refinance Rate Trends Refinancing has become a popular topic in 2024 as mortgage rates have fluctuated. While rates have dropped recently, they have also risen, making it essential to stay informed. Timing is critical, and waiting too long could result in missed opportunities to save. Who Should Consider Refinancing? Homeowners with high-interest debt or those who bought homes in the last 2-3 years at higher rates should think about refinancing. Even a slight drop in rates could lead to substantial savings over the life of the loan, and consolidating high-interest debt could improve monthly budgets. Impact of the Fed's Rate Cuts The Fed’s recent rate cuts were designed to stimulate the economy, but mortgage rates have remained unpredictable. With fluctuating data, homeowners must carefully consider whether refinancing now is the right choice based on their personal circumstances and market conditions. Key Costs to Consider in Refinancing Homeowners should pay attention to closing costs, which can range from 2% to 5% of the loan amount. Calculating the break-even point is critical to determining whether refinancing will provide long-term savings, and options like rolling costs into the loan should be discussed with a lender. Important Questions to Ask Your Lender When refinancing, homeowners should ask about rate locks, closing costs, and what happens if rates drop again. These questions help ensure that refinancing makes financial sense, providing the best opportunity for long-term savings and flexibility. Resources Mentioned in This Episode Geneva Financial Learn more about mortgage solutions and refinancing options: https://www.millsteammortgage.com/ Mortgage News Daily Stay updated on the latest mortgage rates and news: https://www.mortgagenewsdaily.com Federal Reserve Economic Data (FRED) Track the latest data on Fed rate cuts and economic trends: https://fred.stlouisfed.org CoreLogic Housing Reports Access reports on home price trends and market forecasts: https://www.corelogic.com Altos Research Dive into housing market data and insights: https://www.altos.re Redfin Report on Investor Home Purchases Learn about the investor surge in affordable home purchases: https://www.redfin.com/news/investor-home-purchases-q2-2024 HousingWire Article on Home Sales and Mortgage Rates Explore the trends in home sales and mortgage rate impacts: https://www.housingwire.com/articles/home-sales-climb-with-lower-mortgage-rates Dallas Morning News Article on Invitation Homes Details on the $48 million settlement involving Dallas-based Invitation Homes: https://www.dallasnews.com/business/real-estate/2024/09/24/dallas-based-invitation-homes-agrees-to-pay-48m-over-illegal-tactics-against-renters TimeStamped Summary [0:00 - 2:00] - Introduction: Refinancing Dilemmas and Rate Fluctuations [2:00 - 3:20] - Mortgage Rate Update and Housing Market Trends [3:20 - 5:07] - Institutional Investors and Affordable Housing [5:07 - 7:06] - Mortgage Rates: A Deeper Dive into Market Movements [7:07 - 12:18] - Conflicting Economic Data and Job Market Insights [12:18 - 15:24] - Housing Market Recovery and Rising Inventory [15:24 - 17:57] - Refinancing Activity: Boom or Bust? [17:57 - 20:24] - Invitation Homes Settlement and Corporate Landlord Practices [20:24 - 23:13] - Investors' Impact on Affordable Housing and Homeownership [23:13 - 25:04] - The Growing Rental Market and Multifamily Investment [25:04 - 28:21] - The Importance of Staying Informed About Market Changes [28:21 - 30:04] - The Rollercoaster of Mortgage Rates and Refinancing Decisions [30:05 - 30:40] - When Refinancing Makes Sense: High-Interest Debt and Life Events [30:41 - 33:30] - Refinancing Costs, Break-Even Points, and Rate Locks [33:31 - 34:53] - Conclusion: Take Action and Explore Refinancing Options…
T
The Texas Real Estate & Finance Podcast with Mike Mills

In today’s fast-paced real estate market, technology isn't just an advantage—it’s a necessity. Are you ready to transform how you close deals and provide better solutions to your clients? In this episode, we’re diving into Zavvie’s cutting-edge tech platform and how it can help real estate professionals like you thrive with tools like cash offers and buy-before-you-sell programs. In this episode of the Texas Real Estate and Finance Podcast , host Mike Mills sits down with Maya Velasquez , Head of Growth at zavvie , to explore how the zavvie Power Buyer platform is transforming real estate transactions. From innovative tech solutions like cash offers to buy-before-you-sell programs, Maya shares how real estate agents and brokers can leverage these tools to close more deals and stay competitive in today’s tech-driven landscape. If you’re a real estate professional looking to unlock new strategies and provide better solutions for your clients, this episode is a must-listen. Tune in to discover how you can future-proof your business and maximize opportunities using Zavvie’s powerful tools. Key Takeaways: Embracing Tech is Non-Negotiable In today’s market, leveraging technology like AI and automation is essential for real estate professionals. Agents and brokers must stay ahead by integrating innovative tools like Zavvie's platform to close deals and offer better client solutions. Cash Offers as a Game-Changer Zavvie's cash offer programs are empowering buyers to make more competitive, non-contingent offers. Maya explains how turning clients into cash buyers can drastically improve their chances of winning bids in competitive markets. Buy-Before-You-Sell Solutions Zavvie’s buy-before-you-sell product takes the stress out of transitioning between homes. By purchasing a client’s new home in cash before their old home is sold, agents can offer a seamless experience that eliminates contingencies. Unlocking Transactions Through Education Educating clients on available options, especially those who feel stuck due to current market conditions, is key. Real estate professionals who can explain creative solutions like buy-before-sell are more likely to engage clients who are hesitant to make a move. Future-Proof Your Business with Tech As the industry evolves, staying on top of tech trends is crucial. Maya highlights how real estate professionals who embrace tools like Zavvie’s platform will have a competitive edge in a market increasingly driven by technology. Guest Bio: Maya Velasquez is the Head of Growth at zavvie , a company reshaping the real estate industry with innovative, tech-driven solutions. Maya has extensive experience in public relations and business development, previously working at The Tiber Group before joining zavvie. At zavvie, she helps real estate professionals leverage cutting-edge tools like cash offers and buy-before-you-sell programs to stay ahead in a competitive market. Resources: zavvie - Learn more about zavvie's innovative tech solutions for real estate professionals, including their cash offers and buy-before-you-sell programs. Visit: https://zavvie.com Geneva Financial - For more information on how Mike Mills and his team at Geneva Financial can help streamline your home loan process: https://www.genevafi.com LinkedIn - Follow Maya Velasquez and Zavvie for industry updates and success stories: https://www.linkedin.com/company/zavvie Texas Real Estate and Finance Podcast - Subscribe to our podcast on YouTube, Spotify, and Apple Podcasts for weekly episodes filled with insights for real estate professionals: YouTube: https://www.youtube.com/texasrealestatefinance Spotify: https://www.spotify.com/TexasRealEstateFinance Apple Podcasts: https://www.apple.com/TexasRealEstateFinance Timestamped Summary [0:00 - 1:03] - Embracing New Tools and Technology in Real Estate [1:10 - 3:27] - Introduction to the Podcast and Host [3:28 - 4:00] - Introducing Maya Velasquez and Zavvie [4:01 - 6:35] - The Origins of Zavvie and Marketplace Solutions [6:36 - 7:20] - Mortgage Companies as Zavvie’s Primary Clients [7:21 - 8:31] - The Importance of Education for Agents and Loan Officers [8:32 - 10:38] - Simplifying Non-Contingent Offers and Cash Buy Programs [10:39 - 13:19] - Cash Buy Before Sell: How It Works [13:20 - 16:30] - Why Real Estate Agents Love the Buy-Before-Sell Program [16:31 - 18:54] - Cash Buy Solutions for First-Time and Non-Contingent Buyers [18:55 - 20:04] - Supporting Loan Officers and Realtors Through Tech Solutions [20:05 - 21:02] - Adapting to Market Challenges with Innovative Solutions [21:03 - 23:00] - Using Zavvie to Generate New Leads and Unlock Transactions [23:01 - 25:10] - Standing Out with Alternative Offers in a Saturated Market [25:11 - 26:33] - Creativity in the Real Estate Industry [26:34 - 27:30] - AI Tools for Real Estate: Friend, Not Foe [27:31 - 29:27] - AI in Real Estate: Balancing Automation with Human Interaction [29:28 - 33:03] - AI as a Specialized Tool for Real Estate Professionals [33:04 - 34:03] - Overcoming Fear of Technology: A Step-by-Step Approach [34:04 - 36:55] - Getting Comfortable with New Tech: Just Start Somewhere [36:56 - 38:33] - The Power of AI for Note-Taking and Organization [38:34 - 41:07] - The Real Value of AI: Efficiency and Automation [41:08 - 42:48] - The Tech Tipping Point in Real Estate [42:49 - 45:23] - Tech Tools Won’t Replace Real Estate Professionals [45:24 - 46:10] - Millennials and Real Estate: A Tech-Driven Generation [46:11 - 47:58] - Navigating Real Estate in a Challenging Market [47:59 - 50:36] - Addressing Fears of a Housing Market Crash [50:37 - 53:48] - Long-Term Homeownership Benefits vs. Waiting for a Market Crash [53:49 - 55:43] - The Misconception of the "Silver Tsunami" [55:44 - 58:05] - Encouraging Buyers to Take the First Step [58:06 - 59:10] - Conclusion and Where to Find Zavvie…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Curious how top real estate and mortgage leaders overcome their biggest challenges? In this episode, we dive deep into personal leadership journeys from the Leadership Matters Book , offering actionable insights for real estate professionals and future leaders. Listen in as our experts share candid stories that could transform the way you approach leadership in real estate! The Leadership Matters Book takes center stage in this episode, where Mike Mills , Fobby Naghmi , Corrina Carter , and Ginger Bell break down their unique leadership stories. You’ll hear how each of them developed their leadership skills through real-world experiences in the real estate and mortgage industries. From learning through failure to empowering others, this episode covers leadership strategies that can boost your career. The group also discusses the importance of mentorship, team development, and what it truly means to be a leader versus a manager. If you're looking to grow as a real estate leader, this episode is packed with actionable insights! Key Takeaways Failure is a Crucial Part of Leadership Development The episode emphasizes how failure plays an essential role in shaping successful real estate leaders. Through personal stories, the guests share how their biggest lessons came from challenges they faced early on. By embracing failure, realtors and mortgage professionals can grow stronger, learn faster, and develop the resilience needed for leadership. The Difference Between Managing and Leading A major focus of the episode is the distinction between managing people and being a true leader. While managing involves overseeing tasks, real leadership is about inspiring, empowering, and guiding teams to success. Realtors and mortgage professionals aspiring to lead must develop these deeper skills to truly make an impact in their industry. Mentorship is Key to Real Estate Success The episode highlights the importance of mentorship, both in developing new leaders and in building a strong, successful team. By mentoring others, real estate leaders can pass on their knowledge and empower their team members to become future leaders. Mentorship is presented as a crucial tool for anyone in real estate looking to grow and scale their business. Adaptability is Essential for Real Estate Leadership The guests discuss how adaptability is a vital trait for successful leadership in real estate. With the industry constantly evolving, real estate professionals must be flexible and open to change to stay competitive. This episode shows how top leaders have navigated market shifts by being adaptable and proactive in their decision-making. Leadership Matters in Building Strong Teams Drawing from the insights in the Leadership Matters Book , the episode stresses how effective leadership is the backbone of strong, successful teams. The ability to inspire, delegate, and trust your team is critical for long-term success in real estate and mortgage industries. Listeners are encouraged to focus on team-building strategies as a key part of their leadership journey. Resources Mike Mills’ Website Visit Mike Mills' mortgage website for more information on real estate financing options: https://www.millsteammortgage.com Leadership Matters Book Learn more about the Leadership Matters Book , featuring leadership insights from top professionals: www.leadershipmatters.com Contact Mike Mills For mortgage inquiries or questions, reach out to Mike Mills: Email: Mike.Mills@genevafi.com Phone: 817-689-6079 Follow Mike Mills on Social Media Facebook : https://www.facebook.com/mike.mills.3110 LinkedIn : https://www.linkedin.com/in/mike-mills-49a09621/ Instagram : https://www.instagram.com/mikemillsmortgage/ X (Twitter) : https://twitter.com/mikemillsMTG TikTok : https://www.tiktok.com/@mikemillsmortgage TIMESTAMPED SUMMARY 00:00 Introduction to the Podcast 00:20 Meet the Co-Authors 00:33 Simultaneous Podcasting 02:11 Leadership Matters Book Discussion 04:18 Corrina's Story and Writing Process 05:17 Mike's Journey in the Mortgage Industry 07:52 Leadership and Management Insights 09:34 Corrina on Developing Future Leaders 13:46 The Importance of Failure in Leadership 17:23 Embracing Mistakes for Growth 18:20 Evaluating Leadership Qualities 21:49 The Importance of Humble Leadership 24:16 AI and Leadership: A Complex Relationship 25:38 The Journey of Going Solo 27:58 Balancing Leadership and Parenthood 31:55 Concluding Thoughts on Leadership 34:33 Unexpected Discoveries at a Closing…
T
The Texas Real Estate & Finance Podcast with Mike Mills

The Realtor Board Merger is more than just a local shift—it's part of a nationwide trend. In today’s episode, we discuss how MLS consolidation will impact the real estate industry and why it's crucial to stay informed. This is your roadmap to navigating these industry-defining changes. In this episode, we tackle the major issues surrounding the Realtor Board Merger and MLS Consolidation Trends currently sweeping through Texas real estate. Mike Mills is joined by Corey Harris, president-elect of the Arlington Board of Realtors, to discuss how these mergers are not just local news, but part of a larger national movement in real estate. You’ll learn how these changes could impact everything from your MLS access to your advocacy power at the state level. Corey gives a behind-the-scenes look at the decision-making process and the upcoming vote that will shape the future of North Texas realtor boards. For realtors looking to get informed and stay ahead, this is a must-listen. Key Takeaways Realtor Board Merger Explained Corey Harris provides a detailed breakdown of the proposed Realtor Board Merger between the Arlington and Greater Fort Worth boards, explaining how the consolidation can enhance member benefits, reduce dues, and strengthen advocacy efforts across Texas. Importance of MLS Consolidation As MLS systems continue to consolidate across the country, this episode discusses how these changes will impact real estate agents' access to crucial listing data, and what it means for the future of property transactions in Texas. TREPAC’s Role in Realtor Advocacy TREPAC (Texas Real Estate Political Action Committee) plays a vital role in protecting realtor interests at the state level, particularly by preventing legislation that could harm commissions or add extra taxes at the closing table. Addressing Misinformation on the Merger Corey addresses some of the common rumors surrounding the merger, including concerns about financial instability and loss of local control, clarifying that this consolidation is designed to strengthen, not weaken, the boards. How Realtors Can Stay Informed Corey encourages real estate professionals to stay engaged with local boards, attend meetings, and follow up on critical votes like the upcoming October 9th merger decision to ensure they have a voice in shaping the future of the industry. Guest Bio Corey Harris is the president-elect of the Arlington Board of Realtors and has been an active figure in the Texas real estate community for over a decade. His extensive involvement includes serving as a trustee for TREPAC, the Texas Real Estate Political Action Committee, and holding various civic roles such as serving on the Real Estate Advisory Council and Parks and Recreation Board in Arlington. With a passion for advocacy and a deep understanding of the challenges and opportunities facing realtors today, Corey is dedicated to exploring new ways to strengthen the realtor community through innovative strategies like the Realtor Board Merger. His leadership and insights into the real estate industry make him a key voice in navigating the complexities of board consolidation and MLS trends. Resources Arlington Board of Realtors - Learn more about the Arlington Board and the upcoming merger vote: https://www.arlingtonrealtor.com Greater Fort Worth Association of Realtors - Information on the Fort Worth board involved in the merger: https://www.gfwar.org TREPAC (Texas Real Estate Political Action Committee) - Support realtor advocacy in Texas through TREPAC: https://www.texasrealestate.com/trepac Texas Real Estate Commission - Stay updated on real estate regulations in Texas: https://www.trec.texas.gov National Association of Realtors (NAR) - Learn about nationwide real estate trends and advocacy: https://www.nar.realtor TIMESTAMPED SUMMARY 00:00 Introduction to Real Estate Legal Challenges 01:07 Impact of Mergers on Realtors 01:51 Podcast Introduction and Host Introduction 02:08 Local North Texas Real Estate Story 03:21 Guest Introduction: Corey Harris 03:54 Corey's Roles and Responsibilities 05:27 National Trends in Real Estate Mergers 05:57 Details of the Proposed Merger 06:22 Voting Process and Member Involvement 16:15 Challenges and Considerations in Mergers 30:34 Addressing Transparency Concerns 32:55 Personal Reflections on the Merger 34:32 Industry-Wide Trends and Challenges 37:24 The Role of Technology and Data 49:11 Advocacy and Political Action 54:10 Encouraging Local Involvement 58:26 Final Thoughts and Call to Action…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Think you know everything about First-Time Homebuyer Loans? Think again! In this episode, we break down the hidden truths behind these loans and reveal what every real estate professional should understand to navigate the 2024 housing market. Episode Overview: First-Time Homebuyer Loans are at the center of this insightful episode, where Mike Mills uncovers the truths and misconceptions surrounding these popular mortgage options. With the housing market in flux, understanding the nuances of these loans has never been more critical for real estate professionals. This episode covers everything from the latest mortgage rate drops to the implications of Josh Sitzer's new real estate platform, Landian. Additionally, Mike provides a sharp analysis of how proposed 2024 presidential housing policies might affect your business. Whether you're a seasoned realtor or new to the game, this episode is packed with actionable insights to help you stay ahead in 2024. Key Takeaways: 1. Understanding First-Time Homebuyer Loans Mike Mills breaks down the myths and realities of First-Time Homebuyer Loans, clarifying that there is no specific loan exclusively for first-time buyers. Instead, several loan types, such as FHA, VA, USDA, and conventional loans, come with their own sets of rules, benefits, and drawbacks that realtors need to understand. 2. Mortgage Rate Trends and Their Impact With mortgage rates at their lowest in over a year, Mike discusses whether these rates are enough to boost a sluggish housing market. He provides insights into how the Federal Reserve’s actions and broader economic conditions could influence future rate changes and what realtors should anticipate in the coming months. 3. New Real Estate Platform Disrupting the Market The episode introduces Landian, a new real estate platform founded by Josh Sitzer and others, which is challenging traditional commission models. Mike provides a critical analysis of how this platform could impact real estate professionals and the broader market dynamics. 4. Analysis of 2024 Presidential Housing Policies Mike examines the housing policies proposed by Kamala Harris and Donald Trump for the 2024 presidential election, focusing on their potential impact on the real estate market. He discusses policy details like tax incentives for builders, down payment assistance, and changes to zoning regulations that could affect realtors. 5. The Importance of Staying Informed and Adaptive In a rapidly changing real estate landscape, staying up-to-date on market trends, mortgage options, and policy changes is crucial. Mike emphasizes the need for realtors to remain adaptable and well-informed to provide the best advice and service to their clients in 2024 and beyond. Resources: Geneva Financial - Learn more about Geneva Financial and the mortgage services provided by Mike Mills at https://www.millsteammortgage.com . First-Time Homebuyer Programs in Texas Texas Department of Housing and Community Affairs (TDHCA) Programs: "My First Texas Home" and "My Choice Texas Home" - Visit https://www.tdhca.state.tx.us/homeownership/fthb/ Texas State Affordable Housing Corporation (TSAHC) Programs for first responders, teachers, and veterans - Visit https://www.tsahc.org/homebuyers-renters. Southeast Texas Housing Finance Corporation (SETH) - "5-Star Texas Advantage Program" offering down payment and closing cost assistance - Visit http://www.sethfc.com/ . Mortgage Rate Updates Stay current with the latest mortgage rates by visiting Mortgage News Daily at https://www.mortgagenewsdaily.com . Housing Market Data and Insights For the latest real estate market updates and data trends, visit the Housing Wire website at https://www.housingwire.com . Follow Mike Mills on Social Media Facebook: https://www.facebook.com/mike.mills.3110 LinkedIn: https://www.linkedin.com/in/mike-mills-49a09621/ Instagram: https://www.instagram.com/mikemillsmortgage/ X (formerly Twitter): https://twitter.com/mikemillsMTG TikTok: https://www.tiktok.com/@mikemillsmortgage Time Stamped Summary: [0:00 - 1:17] - Introduction to Market Trends and First-Time Homebuyers Mike Mills introduces the episode with a focus on the rising trend of first-time homebuyers in 2024 and the implications for real estate professionals looking to capture this growing segment. [1:17 - 3:45] - Mortgage Rate Update and Housing Market Overview Mike discusses the recent drop in mortgage rates to their lowest levels in over a year and examines whether these lower rates are sufficient to revive a housing market experiencing a 30-year low in sales volume. [3:46 - 13:27] - Economic Conditions and Federal Reserve Rate Cuts Mike provides an in-depth analysis of current economic conditions, including recent jobs reports, inflation, and the Federal Reserve's likely interest rate cuts, and how these factors impact the housing market and consumer sentiment. [13:27 - 13:38] - New Real Estate Platform: Landian and Josh Sitzer’s Strategy Mike introduces the story of Josh Sitzer, a key player behind a lawsuit that changed realtor commission structures, and his new real estate platform, Landian, designed to capitalize on these changes. [13:39 - 14:33] - Critique of Landian's Business Model and Real Estate Industry Implications Mike critiques the Landian platform, comparing Sitzer's actions to a "bait and switch" strategy, and defends the traditional cooperative compensation model in the real estate industry. [14:33 - 17:51] - Overview of Kamala Harris's Housing Policies for the 2024 Election Mike breaks down Kamala Harris's proposed policies to address affordable housing, including increasing housing supply through tax incentives, down payment support for first-time homebuyers, and rent control, providing a critical analysis of each proposal. [17:51 - 22:30] - Analysis of Donald Trump's Housing Policies and Regulatory Stances Mike analyzes Donald Trump's housing policies, which focus on reducing mortgage rates, increasing housing supply by cutting regulations, and linking immigration to housing costs, while highlighting the lack of specifics in these plans. [22:31 - 24:15] - Solutions for Affordable Housing and Government Subsidies Mike emphasizes the need for more affordable homes for purchase, not just rent, suggesting government subsidies for builders as a potential solution to the housing affordability crisis. [24:15 - 27:14] - Introduction to First-Time Homebuyer Loans: Myths and Facts Mike debunks the myth of a specific "first-time homebuyer loan," clarifying that while several loan types exist, such as FHA and VA loans, none are exclusively for first-time buyers, and each comes with specific conditions and costs. [27:14 - 29:47] - The Reality Behind Down Payment Assistance Programs Mike details how down payment assistance programs, while helpful, often come with higher interest rates and strict requirements, challenging the perception that they are "free money." [29:47 - 32:08] - Overview of Community Reinvestment Act (CRA) Loans and First-Time Homebuyer Options Mike explains Community Reinvestment Act (CRA) loans and their limitations, reiterating that while special programs exist, they often have specific eligibility criteria and are not as advantageous as they may initially appear. [32:08 - End] - Conclusion and Preview of the Next Episode Mike wraps up the episode by summarizing the key takeaways about first-time homebuyer loans and the current real estate market, and previews the next episode featuring Corey Harris, president-elect of the Arlington Board of Realtors, to discuss potential mergers and industry changes.…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Are you struggling to generate buyer leads in today’s unpredictable real estate market? Discover nine powerful strategies that top agents are using to attract serious buyers and grow their business in 2024. Tune in to learn how you can master these real estate tactics and thrive amidst changing market conditions. Episode Overview In this episode, we dive deep into how to generate buyer leads with proven real estate tactics for 2024. Mike Mills guides realtors through nine effective steps to attract more buyers, from enhancing your local presence to creating compelling lead magnets and mastering email marketing. The episode offers valuable insights into the current market dynamics, including inventory trends, investor strategies, and rate predictions, that impact your lead generation efforts. Learn why hyper-local content and SEO are critical for visibility and why focusing on quality over quantity in social media can boost your reach. This episode equips you with the tools needed to thrive in a shifting real estate market. Key Takeaways Develop a Unique Selling Proposition (USP): A strong USP sets you apart from other real estate agents and helps generate buyer leads by clearly defining what makes you the best choice. Focus on a niche, whether it’s first-time homebuyers, luxury listings, or relocation services, and tailor your marketing strategy around it. The more specific and unique your USP, the more likely you are to attract serious buyers. Modernize Traditional Door Knocking: Traditional door-knocking is reimagined as a softer, more engaging approach. Instead of hard selling, engage with neighborhoods by walking, handing out QR code-based marketing materials, and providing valuable local information. This strategy positions you as the local expert and drives traffic to your digital content like YouTube channels or websites. Create and Use Lead Magnets Effectively: Lead magnets like checklists, guides, or market updates can help capture potential buyer information and grow your contact database. Sharing valuable content on social media and through email marketing campaigns not only educates your audience but also establishes trust. The key is to offer high-quality, relevant information in exchange for contact details. Leverage Story-Driven Testimonials: Client testimonials that tell a compelling story can be far more powerful than standard reviews. Capture your clients’ experiences and emotions, especially right after closing a deal, and share these stories on social media and other platforms. Authentic narratives help build credibility and connect with future buyers on a personal level. Focus on Hyper-Local Content and SEO: Creating hyper-local content that focuses on specific neighborhoods or communities can significantly enhance your SEO and visibility. Learn about local search trends, use relevant keywords, and make content that addresses what potential buyers are looking for. This targeted approach helps attract more leads by ensuring your content shows up in local searches. Resources Geneva Financial - Mike Mills' Mortgage Services Learn more about the mortgage services offered by Mike Mills through Geneva Financial. Visit: https://www.millsteammortgage.com Texas Real Estate and Finance Podcast Stay updated with the latest episodes and insights from "The Texas Real Estate and Finance Podcast." Visit: https://www.thetexasrealestateandfinancepodcast.com/ Real Estate Lead Magnets on Canva Create effective lead magnets using templates and tools from Canva. Visit: https://www.canva.com Mortgage News Daily For daily updates on mortgage rates and industry news. Visit: https://www.mortgagenewsdaily.com NMLS Consumer Access Verify mortgage professionals and companies through NMLS Consumer Access. Visit: https://www.nmlsconsumeraccess.org Housing Wire Articles https://www.housingwire.com/articles/housing-inventory-falls-as-mortgage-rates-drop/ https://www.housingwire.com/articles/eight-states-now-have-more-unsold-inventory-than-in-2019-heres-why/ https://www.housingwire.com/articles/investors-bought-one-in-six-homes-sold-in-q2-2024-redfin/ Dallas Morning News Articles https://www.dallasnews.com/business/2024/08/28/texas-is-attracting-young-and-rich-movers-ditching-california-and-new-york/ https://www.dallasnews.com/news/courts/2024/08/23/richardson-based-realpage-sued-by-doj-over-apartment-pricing/ Time Stamped Summary: [0:00 - 0:24] - The Importance of Daily Structure in Real Estate Success This section emphasizes that attracting serious buyers in real estate begins with how professionals manage their daily routines, highlighting the importance of consistency, discipline, and a structured day. [0:24 - 1:20] - Market Update and Introduction Mike Mills introduces the episode with a market update, noting that mortgage rates have hit their lowest levels of the year, and the Federal Reserve is expected to cut rates for the first time in nearly five years, suggesting potential opportunities in the current real estate landscape. [1:20 - 12:48] - Deep Dive into Mortgage Rates and Housing Market Trends The discussion covers current mortgage rates, the expected direction of rates for the rest of 2024, and how rising inventory and changing economic conditions are impacting the real estate market in Texas and beyond. [12:48 - 13:08] - Texas Housing Market Dynamics and Inventory Trends An analysis of the Texas housing market reveals an increase in inventory, yet stable home prices, driven by a population boom and high demand among young professionals and wealthy movers. [13:08 - 14:41] - Local Market Variations Across Texas Cities This segment breaks down how different cities in Texas—such as Austin, San Antonio, Dallas, and Houston—are experiencing varied real estate trends, with some seeing potential price declines while others remain more stable. [14:41 - 15:21] - Investor Activity and Their Focus on Single-Family Homes The podcast discusses a rise in investor activity, particularly in single-family homes, where cash purchases are prevalent due to their higher returns and lower tenant turnover, making them attractive in the current market. [15:21 - 17:43] - Impact of Investor Purchases on Market Prices and Returns Mike details how investor purchases are driving up returns and influencing market dynamics, with a focus on the potential benefits of buying real estate now, even amid high prices and rates. [17:43 - 18:35] - Antitrust Lawsuit Against RealPage and Market Implications The discussion covers the Department of Justice's antitrust lawsuit against RealPage for alleged price collusion among landlords, which could have significant implications for renters and the overall rental market. [18:35 - 18:49] - How RealPage's Practices Affect Renters and Rental Prices Mike explains how RealPage’s pricing algorithms create a feedback loop that keeps rental prices high, limiting affordable options for renters and potentially reducing available rental stock. [18:49 - 21:20] - Why Renting May Not Be the Best Long-Term Strategy This section advises against renting as a long-term strategy due to potential market manipulation by large corporate landlords and the uncertain future of rental pricing amidst ongoing legal battles. [21:20 - 21:49] - Developing a Unique Selling Proposition (USP) for Real Estate Agents Mike introduces actionable steps for real estate agents to find buyers, starting with developing a unique selling proposition (USP) that sets them apart from competitors and enhances their visibility. [21:49 - 23:18] - Modernized Door Knocking and Creating Lead Magnets This segment covers innovative approaches to door knocking and the importance of lead magnets to attract potential buyers and grow an agent's database through value-added content. [23:18 - 24:36] - Utilizing Story-Driven Testimonials and Focused Social Media Marketing The discussion shifts to using emotionally engaging, story-driven testimonials and focusing on one or two social media platforms to maximize impact and establish expertise. [24:37 - 26:30] - Building a Community Presence and Leveraging Email Signatures for Marketing Mike emphasizes becoming a community leader by engaging in local events and using enhanced email signatures to promote content and drive traffic to marketing channels. [26:31 - 28:23] - Creating Hyper-Local Content for SEO and Mastering Database Marketing The podcast highlights the importance of creating hyper-local content to boost SEO and using email marketing to maintain consistent communication with potential clients, thereby staying top-of-mind. [28:23 - 28:49] - Conclusion: Strategies for Thriving in a Competitive Real Estate Market Mike concludes the podcast with motivational advice for real estate professionals to focus on mastering their craft, utilize effective marketing strategies, and prepare for a potential market rebound in the spring.…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 How Housing Market Regulations Affect Real Estate Growth and Affordability 1:03:51
1:03:51
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:03:51
Navigating the world of housing market regulations can be challenging, especially when they directly impact real estate growth and home affordability. In this episode, Mike Mills and Vance Ginn, Ph.D., discuss the crucial policy changes and their implications for the real estate industry. Don't miss this deep dive into economic strategies that could redefine your business. In this insightful episode, Mike Mills is joined by Vance Ginn, Ph.D., to discuss "How Housing Market Regulations Affect Real Estate Growth and Affordability." They examine the current economic policies impacting the real estate market, including fiscal policy, property tax reform, and regulatory changes affecting home prices and inventory. Vance explains the complexities behind government interventions and market regulations that can make or break the growth of the housing sector. The episode also highlights how these regulations impact Realtors, from commission structures to competition laws. With practical advice for real estate professionals, this episode is a must-listen for anyone looking to understand the financial landscape and how it shapes the housing market. Key Takeaways: Understanding Housing Market Regulations: Vance Ginn, Ph.D., breaks down the complexities of housing market regulations and how they directly impact real estate growth and affordability. He explains how government policies, such as zoning laws and interest rate decisions, are shaping the housing market and what Realtors need to know to stay competitive. Impact of Inflation and Interest Rates: The episode highlights the significant impact of inflation and rising interest rates on home prices and market dynamics. Mike Mills and Vance Ginn discuss how these economic factors affect housing affordability and what strategies real estate professionals can employ to mitigate these challenges. Navigating Property Tax Reform: Ginn provides insights into potential property tax reforms and how they could affect both Realtors and homeowners. He offers practical advice on how real estate professionals can adapt their business strategies in response to changes in property taxation policies. Antitrust Issues and Market Competition: The discussion explores the impact of antitrust issues within the real estate market, including recent changes to Realtor commission structures and market consolidation among homebuilders. Ginn and Mills analyze how these factors influence competition and what Realtors need to know to thrive in a regulated environment. Leveraging Economic Knowledge for Growth: The episode emphasizes the importance of understanding economic policies and their implications for the real estate market. Vance Ginn shares valuable strategies for Realtors to leverage their knowledge of fiscal policy and market regulations to achieve business growth and maintain a competitive edge. Guest Bio: Vance Ginn, Ph.D. Vance Ginn, Ph.D., is a leading economist and a passionate advocate for free-market principles and fiscal conservatism. As the Founder and President of Ginn Economic Consulting and host of the "Let People Prosper" show, Dr. Ginn offers high-impact economic insights that shape policy discussions across the United States. With experience as the Associate Director for Economic Policy at the White House's Office of Management and Budget and as Chief Economist at the Texas Public Policy Foundation, he brings a wealth of knowledge on housing market regulations, fiscal policy, and economic growth. Dr. Ginn is frequently featured in major media outlets, sharing his expertise on economic freedom, monetary policy, and tax reform. Residing in Round Rock, Texas, with his family, he remains dedicated to promoting economic policies that foster prosperity and opportunity for all. Resources: Vance Ginn's Website - Explore more of Vance Ginn's work, economic insights, and consulting services. https://www.vanceginn.com/ Let People Prosper Podcast - Tune into Vance Ginn's podcast, where he discusses economic policy, fiscal conservatism, and market trends. https://www.youtube.com/@letpeopleprosper Vance Ginn's Substack Newsletter - Stay updated with Vance Ginn's economic analysis and expert commentary by subscribing to his Substack newsletter. https://vanceginn.substack.com/ Texas Real Estate and Finance Podcast on YouTube - Watch this episode and more from The Texas Real Estate and Finance Podcast on YouTube. https://www.youtube.com/@mikemillsmortgage Geneva Financial Home Loans - Learn more about the mortgage banking services offered by Mike Mills at Geneva Financial. www.millsteammortgage.com TimeStamp Summary [0:13 - 2:50] - Introduction and Episode Overview Mike Mills introduces the podcast and discusses the current economic climate, focusing on the challenges of housing affordability amid rising mortgage rates and low transaction volumes, and sets the stage for a deep dive into economic policies affecting real estate. [2:51 - 5:14] - Introduction of Guest Vance Ginn, Ph.D. Mills introduces guest Vance Ginn, Ph.D., a leading economist known for his expertise in free-market principles and economic policy, and previews the discussion topics for the episode. [5:15 - 6:54] - Housing Affordability Crisis in the U.S. Ginn explains the root causes of the housing affordability crisis, including supply constraints, significant government debt, and inflationary pressures following COVID-19, which have contributed to inflated home prices and reduced affordability. [6:55 - 9:55] - Is the Housing Market in a Bubble? Mills and Ginn discuss whether the current housing market is in a bubble, with Ginn suggesting that high interest rates and decreased affordability indicate an impending correction, despite inventory levels remaining low. [9:56 - 11:28] - Factors Influencing Market Dynamics Ginn elaborates on the interaction between supply and demand in the housing market, noting that while demand is falling due to high mortgage rates, restricted supply is preventing a rapid decline in home prices. [11:29 - 14:06] - Economic Indicators and Recession Signals Mills and Ginn discuss economic indicators, such as rising unemployment and downward revisions in job numbers, which suggest that a recession may be looming, despite mixed signals from official reports. [14:07 - 17:33] - Critique of Job Data and Media Reporting The conversation critiques the inaccuracies in government-reported job data and the role of biased media in shaping public perception, emphasizing the disconnect between stock market performance and real-world economic conditions. [17:34 - 20:57] - Inflation and the Impact of Central Bank Policies Ginn explains the ongoing inflationary pressures and critiques Federal Reserve policies, warning that premature interest rate cuts could lead to a repeat of the inflationary spiral of the late 1970s. [20:58 - 23:17] - Comparing Current Economic Risks to 2008 Mills compares the current economic situation to the 2008 financial crisis, noting that while today's risks may not be centered around housing, similar systemic vulnerabilities could trigger widespread economic disruption. [23:18 - 24:46] - Potential Contagion Effects in the Global Economy The discussion explores potential "Black Swan" events and contagion effects that could destabilize the global economy, exacerbated by interconnected financial markets and unpredictable policy changes. [24:47 - 27:21] - Critique of Central Banking and Market Manipulation Ginn expresses skepticism about the Federal Reserve's role in managing the economy and argues that markets, not central banks, should dictate interest rates and money supply to avoid prolonged economic distortions. [27:22 - 28:51] - Risks of Premature Interest Rate Cuts Mills and Ginn discuss the risks associated with cutting interest rates too soon, which could reignite inflation without addressing underlying economic imbalances, particularly in sectors like housing and consumer goods. [28:52 - 31:39] - Unsustainable Fiscal Policies and Economic Consequences Ginn criticizes unsustainable government spending and emphasizes the need for reforms in entitlement programs to prevent long-term economic instability and reduce the burden on future generations. [31:40 - 34:16] - Local Housing Policies and Zoning Reforms The discussion shifts to local policy solutions, highlighting zoning reforms in Austin, Texas, as an example of how reducing regulatory barriers can increase housing supply and improve affordability. [34:17 - 36:58] - Populism and Lack of Focus on National Debt Ginn attributes the lack of political focus on the rising national debt to populism on both sides of the political spectrum, where short-term promises overshadow meaningful fiscal reforms. [36:59 - 38:39] - Legislative Inaction and Flawed Tax Policies The conversation critiques the lack of substantial legislative action on tax policy and fiscal responsibility, suggesting that many proposals are more about political maneuvering than sound economic strategy. [38:40 - 41:09] - Misleading Economic Policies and Loopholes Mills and Ginn discuss how certain tax policies, like "no tax on tips," create loopholes that benefit the wealthy while offering minimal relief to the average taxpayer, emphasizing the need for more transparent policymaking. [41:10 - 41:25] - Inflation and Federal Reserve's Role in Deficits Ginn highlights the risk of increased inflation due to deficits caused by tax cuts without corresponding spending cuts, arguing that such policies devalue the dollar and hurt economic stability. [41:27 - 45:47] - Antitrust Issues in Real Estate and Government's Role The conversation examines antitrust issues in the real estate sector, including recent lawsuits against the National Association of Realtors, and the impact of consolidation among homebuilders on competition and housing supply. [45:48 - 51:17] - Market Competition and the Role of Government Regulation Mills and Ginn debate the balance between government regulation and market freedom, discussing how too much government intervention can stifle competition while too little can lead to market abuses. [51:18 - 55:31] - Housing Market Policies and Property Tax Reform Ginn advocates for reducing or eliminating property taxes to improve housing affordability, suggesting state-level reforms that limit government spending and use surplus funds to phase out property taxes. [55:32 - 57:44] - Political Feasibility of Reforms and Money in Politics Mills and Ginn discuss the challenges of achieving significant reforms given the influence of money in politics, noting that financial interests often shape policy decisions more than public needs. [57:45 - 59:09] - Reducing Government Size to Improve Political Accountability Ginn argues that reducing the size of government could decrease the incentives for corruption and special interests, suggesting that fiscal rules and spending limits could help ensure accountability. [59:10 - 1:00:25] - Accountability Measures and Potential Reforms The discussion covers potential reforms to increase political accountability, such as ranked-choice voting and measures to tie re-election eligibility to fiscal performance. [1:00:26 - 1:01:59] - Importance of Political Discourse and Open Debate Mills emphasizes the importance of open political discourse in reaching consensus and finding solutions, critiquing the current tendency to avoid discussions on politics and economics. [1:02:00 - 1:03:49] - Conclusion and Call to Action Mills concludes the episode by thanking Ginn for his insights and promoting further engagement through Ginn's podcast and Substack, encouraging listeners to continue exploring these critical economic and political issues.…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Curious about how to adapt to the latest real estate regulations? We’re breaking down the new buyer representation rules and giving you a foolproof 10-step guide to the perfect home buyer process. Your success starts here. Discover how the latest buyer representation rules are reshaping the Texas real estate market in this must-listen episode. Mike Mills not only breaks down the new regulations but also walks you through the 10 steps to the perfect home buyer process, a crucial guide for realtors aiming to deliver exceptional service. Learn about the changes in NAR compensation, current mortgage rate predictions, and strategies to keep your business thriving. This episode is a comprehensive resource for real estate professionals looking to stay ahead in a competitive market. Key Takeaways 1. Understanding New Buyer Representation Rules The recent changes to buyer representation rules are crucial for realtors to grasp, as they emphasize transparency and clear communication with clients. Mike Mills explains how these new regulations can impact the way agents operate, particularly in Texas, and why it’s essential to adapt quickly to maintain compliance and trust with clients. 2. Mastering the 10 Steps to the Perfect Home Buyer Process Mike introduces a detailed guide outlining the 10 steps every realtor should follow to ensure a smooth and successful home buying process for their clients. From setting up the initial consultation to closing the deal, these steps are designed to help real estate professionals provide exceptional service and navigate the complexities of the current market. 3. Navigating Commission Changes and Their Impact The episode sheds light on the significant changes in NAR compensation rules and how they affect real estate commissions. Mike discusses strategies for realtors to adapt to these shifts, including how to clearly communicate their value to clients and negotiate fees effectively in this new landscape. 4. Current Trends in Mortgage Rates Mike provides an overview of current mortgage rate trends and their potential impact on the real estate market. With rates stabilizing, he offers insights on how these trends could influence buyer behavior and what realtors need to know to guide their clients through the financing process. 5. Adapting to a Shifting Real Estate Market The Texas real estate market is experiencing notable changes, and this episode highlights how realtors can stay ahead by understanding inventory trends, price fluctuations, and economic factors. Mike emphasizes the importance of being proactive, transparent, and flexible to succeed in this evolving market environment. Resources Geneva Financial Company Website: https://www.millsteammortgage.com NMLS Consumer Access Licensing Information: https://www.nmlsconsumeraccess.com Texas Real Estate Market Data National Association of Realtors (NAR): https://www.nar.realtor Mortgage Rate Updates Mortgage News Daily: https://www.mortgagenewsdaily.com Contact Mike Mills Email: Mike.Mills@genevafi.com Phone: 817-689-6079 Time Stamped Summary: [0:07 - 0:50] - Introduction and Game of Thrones Reference Mike Mills opens with a playful Game of Thrones reference, introducing significant changes in the Texas real estate market that took effect on August 17th, 2024. [0:50 - 2:47] - Overview of Today's Episode Mike outlines the episode’s focus on NAR compensation changes, mortgage rates, national inventory trends, and adapting to the new real estate landscape. He also introduces himself as a North Texas mortgage banker and previews the 10 steps to the perfect home buying process. [2:47 - 6:16] - NAR Compensation Rule Changes Mike explains the new NAR compensation rules, effective from August 17th, including the need for written buyer representation agreements, transparent disclosure of compensation, and changes in advertising cooperative compensation on MLS platforms. [6:16 - 11:29] - Mortgage Rates and Market Implications Mike discusses current mortgage rates and the impact of potential Federal Reserve rate cuts on the market, predicting a slow purchase market for the remainder of 2024 due to economic uncertainty and low inventory. [11:29 - 14:52] - National Inventory Trends Mike examines national housing inventory trends, noting a slowdown in new listings and the potential impact on pricing, with a focus on how sellers might adjust their strategies as the year progresses. [14:52 - 19:22] - Texas Real Estate Market Outlook Mike shifts focus to the Texas real estate market, highlighting increased inventory and stable home prices, and advises that despite affordability challenges, now is still a good time to buy. [19:22 - 22:13] - Navigating Commission Changes Mike discusses how agents can adapt to the new commission changes, emphasizing the importance of demonstrating value to clients in a market where commission rates are compressing. [22:13 - 30:19] - The 10 Steps to the Perfect Home Buying Process Mike outlines the 10 steps realtors should follow to guide clients through the home buying process, emphasizing transparency, understanding client needs, and negotiating effectively to secure the best deals. [30:19 - 30:49] - Closing the Deal and Building Long-Term Relationships Mike wraps up by stressing the importance of celebrating successful transactions and maintaining long-term relationships with clients to ensure future business through referrals. [30:49 - 31:30] - Closing Remarks and Next Episode Preview Mike concludes the episode, reflecting on the discussion and previewing the next episode, which will explore the affordable housing crisis in the United States with economist Vance Ginn.…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Mastering LinkedIn for Realtors: A Guide to Real Estate Marketing 1:00:38
1:00:38
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:00:38
Are you tired of competing in oversaturated social media spaces like Instagram? In this episode, discover why LinkedIn for Realtors might be the game-changing platform to help you stand out and connect with high-value clients. Learn the secrets to unlocking a world of real estate success with strategies that will transform your marketing efforts. This episode is all about maximizing your real estate marketing potential with LinkedIn for Realtors . Mike Mills sits down with Dan Smokoska, a LinkedIn coach who helps real estate and mortgage professionals transform their LinkedIn profiles into lead-generating machines. They discuss how LinkedIn’s less competitive space offers realtors a unique opportunity to connect with high-quality investors and decision-makers who are serious about real estate. You’ll learn strategies for crafting engaging content, building meaningful connections, and leveraging LinkedIn tools to grow your business. From optimizing your profile to implementing a smart engagement strategy, this episode is a must-listen for realtors eager to break through the noise on social media. Key Takeaways: Leverage LinkedIn’s Unique Audience LinkedIn’s professional network offers realtors a chance to connect with high-quality leads like investors and decision-makers who are serious about real estate. By positioning yourself on LinkedIn, you can stand out in a less crowded space compared to Instagram or Facebook, which are oversaturated with real estate content. Optimize Your LinkedIn Profile for Success A well-optimized LinkedIn profile acts as a powerful sales page for realtors. Dan emphasizes the importance of showcasing who you help, how you help them, and establishing credibility with personal achievements and testimonials. This helps build trust and attract the right audience. Consistency is Key to LinkedIn Growth Dan stresses that consistent posting and engagement on LinkedIn is crucial for success. Realtors who regularly post valuable content, engage with others, and stay active on the platform are more likely to see results and build lasting relationships with clients and industry professionals. Engage with Influencers to Grow Your Reach Dan highlights the importance of identifying and engaging with influencers in the real estate niche on LinkedIn. By interacting with their content, realtors can increase their visibility, gain followers, and establish themselves as thought leaders in their market. Use Storytelling to Captivate Your Audience Storytelling is a powerful tool for realtors on LinkedIn. Instead of simply listing facts or tips, Dan recommends sharing personal stories and experiences that resonate with your audience, helping to build emotional connections and making your content more relatable and memorable. Guest Bio: Dan Smokoska Dan Smokoska is a LinkedIn coach, real estate marketing expert, and the founder of Wynn Social. With years of experience helping real estate and mortgage professionals leverage the power of LinkedIn, Dan specializes in transforming LinkedIn profiles into lead-generating machines. He is passionate about helping realtors and industry professionals establish personal brands, connect with high-quality leads, and stand out in a competitive market. Dan is also the creator of the popular Win Weekly Newsletter, which provides valuable insights into social media marketing and business growth strategies for real estate professionals. His mission is to help others succeed by maximizing their potential on LinkedIn and winning business through effective social selling. Resources Mentioned in This Episode: Dan Smokoska’s LinkedIn Profile: Connect with Dan on LinkedIn to learn more about his coaching services and access valuable insights on social media marketing for real estate professionals. https://www.linkedin.com/in/dansmokoska/ Win Weekly Newsletter: Subscribe to Dan Smokoska’s Win Weekly Newsletter for expert tips on social media marketing, LinkedIn strategies, and how to grow your real estate business through targeted content and engagement. Subscribe Here : https://www.winsocial.com/winweekly TimeStamped Summary: [0:00 - 0:51] Dan on LinkedIn's Competitive Advantage Dan Smokoska emphasizes LinkedIn's lower competition compared to platforms like Instagram, making it easier for real estate professionals to stand out quickly. [0:59 - 5:10] Mike's Introduction and Backstory with Dan Mike Mills introduces the podcast and Dan, recalling their past work together and setting up the conversation on how realtors can effectively use LinkedIn. [5:10 - 7:38] Dan's Journey to LinkedIn Dan explains how he initially turned to LinkedIn as a personal branding tool during a difficult time in the mortgage industry and discovered its vast business opportunities. [7:39 - 11:54] The Importance of Consistency in LinkedIn Success Both Dan and Mike discuss the role of consistency in achieving success on LinkedIn, comparing it to learning through experience and persistence. [11:54 - 14:52] Understanding LinkedIn’s Unique Audience Dan emphasizes that LinkedIn users are business-oriented and serious about professional relationships, making it an ideal platform for realtors to connect with qualified leads and investors. [14:52 - 17:44] Targeting High-Value Audiences on LinkedIn Mike and Dan highlight that LinkedIn’s audience includes high-value professionals like investors, which makes it more fruitful for realtors to market to than more casual platforms. [17:44 - 19:23] Tailoring Content for Different Audiences Dan advises realtors to tailor their content based on their target audience—whether investors or first-time buyers—emphasizing the importance of specificity in messaging. [19:24 - 22:01] LinkedIn’s Tools for Finding Business Opportunities Dan and Mike explore how LinkedIn Navigator and other tools allow realtors to strategically connect with investors and out-of-state realtors for referral business. [22:01 - 26:55] Crafting an Effective LinkedIn Profile Dan advises realtors to transform their LinkedIn profiles into subtle sales pages that clearly define who they help and how they add value, followed by active engagement through content and comments. [26:56 - 31:07] The Power of Engagement on Social Media Mike and Dan discuss how meaningful engagement with other users’ content can significantly boost a realtor's visibility and success on LinkedIn. [31:08 - 34:43] Leveraging Algorithms for Better Engagement Mike and Dan explain how consistent engagement helps the LinkedIn algorithm prioritize interactions, leading to more visibility and deeper connections with your audience. [34:44 - 36:44] Relationships are Key in Real Estate Both Dan and Mike emphasize that real estate is a relationship-driven business, and LinkedIn helps realtors scale those relationships more effectively than other platforms. [36:46 - 41:36] Creating Targeted Content and Engagement Strategies Dan outlines a dual strategy of creating content and engaging with influencers in the real estate niche on LinkedIn to build credibility and attract the right audience. [41:37 - 44:14] Authenticity in Video Content Dan stresses that authentic, non-overproduced video content often performs better on LinkedIn, and experimenting with different formats can help realtors find what works best. [44:15 - 46:07] Overcoming Insecurities to Create Content Dan encourages realtors to push past insecurities about their appearance or content quality, advising them to focus on action and consistency rather than perfection. [46:08 - 48:34] Consistency Leads to Success Dan reinforces that consistent, persistent effort on social media—especially LinkedIn—guarantees success over time, regardless of initial challenges. [48:34 - 53:01] The Power of Storytelling in Real Estate Content Mike and Dan discuss how storytelling in content creation captivates audiences more effectively than purely educational posts, making it a valuable tool for realtors. [53:01 - 56:43] Focusing on One Platform for Maximum Impact Dan advises realtors to focus on mastering one social media platform, like LinkedIn, before expanding to others, as this approach yields better results than spreading efforts too thin. [56:44 - 58:35] The Value of Mastering Skills Before Delegating Mike explains that mastering a skill or platform before outsourcing it ensures that realtors understand the value of the service they are paying for, leading to more effective business scaling. [58:35 - 1:00:37] Dan’s Services and Closing Remarks Dan shares details about his LinkedIn coaching services and newsletter, while Mike endorses him as a valuable resource for realtors looking to expand their business through LinkedIn.…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Are you prepared for the potential shifts in mortgage rates due to upcoming Fed rate cuts? Dive into this episode to understand the factors driving these changes and how they could affect your real estate deals in Texas. It’s the knowledge you need to stay ahead in 2024. oin Mike Mills as he unpacks the complex relationship between Fed Rate Cuts and mortgage rates, offering valuable insights into what realtors can expect in the coming months. This episode covers the latest in Texas housing inventory, the fluctuating mortgage rates, and how these factors intertwine with broader economic trends. We also address the surprising ranking of Texas as a less desirable state to move to and highlight the innovative strides being made in affordable housing through 3D printing. Get the knowledge you need to navigate the 2024 real estate landscape with confidence. Key Takeawyas Fed Rate Cuts and Mortgage Rates: The Complex Connection Fed Rate Cuts may not directly lower mortgage rates as much as expected. While they influence short-term borrowing costs, mortgage rates are more closely tied to the performance of Mortgage-Backed Securities (MBS) and the 10-year Treasury yield. Understanding this relationship is crucial for realtors advising clients in a fluctuating market. Texas Housing Inventory Surge Texas has seen a significant rise in housing inventory, with levels now at their highest since 2017. This increase could lead to cooling prices, but the market is still far from balanced. Realtors should keep an eye on these trends as they could shift the power dynamics between buyers and sellers in 2024. Economic Indicators Point to a Shaky Future Despite falling inflation rates, rising unemployment and consumer spending pullbacks suggest a weakening economy. These factors, combined with the spike in bankruptcies, highlight potential challenges for homebuyers and real estate professionals in the near future. Texas Ranked as a Less Desirable State: Fact or Flawed Study? A recent study ranked Texas as one of the worst states to move to, citing issues in health, education, and affordability. However, migration trends tell a different story, with Texas continuing to attract new residents. Realtors should be aware of these perceptions but also understand the broader context that keeps Texas a top destination. Innovation in Affordable Housing: 3D-Printed Homes in Texas The episode highlights an exciting development in affordable housing: 3D-printed homes in Georgetown, Texas. These homes are quicker and cheaper to build, offering a potential solution to housing shortages. Realtors should stay informed about such innovations as they could become a significant trend in the coming years. Time Stamped Summary [0:00 - 1:49] Introduction and Market Overview Mike Mills addresses misconceptions about the Fed and mortgage rates, setting the stage for a discussion on the volatile real estate market. [1:49 - 5:04] Economic Outlook and Episode Preview Mike previews key topics, including a concerning economic trend, a controversial ranking of Texas, and innovative 3D-printed homes. [5:04 - 8:32] Mortgage Rate Update and Market Volatility Mike discusses the recent fluctuations in mortgage rates, driven by inflation data, and the broader implications for the economy. [8:32 - 11:04] Texas Housing Inventory Surge Texas sees a significant rise in housing inventory, with potential impacts on market balance and pricing. [11:25 - 15:24] Texas Housing Market and Price Trends Mike examines the persistent high prices in Texas despite increased inventory and the gradual shift toward a balanced market. [15:24 - 15:45] Economic Pressures and Home Buying Rising bankruptcies, unemployment, and living costs are straining Americans' ability to buy homes, despite lower mortgage rates. [15:45 - 17:53] Texas Ranking in National Study Mike critiques a study ranking Texas poorly as a relocation destination, arguing it contradicts the state’s strong migration trends. [17:54 - 23:15] Innovation in Housing and the Role of Fed Rates Mike highlights the 3D-printed homes in Texas as a potential solution to housing affordability and explains the Fed's influence on mortgage rates. [23:15 - 24:33] The Impact of Fed Rate Cuts and Final Thoughts Mike concludes with a cautionary note on the effects of Fed rate cuts and shares an optimistic outlook for the real estate market in spring 2025. Mike Mills Mortgage The Texas Real Estate & FInance Podcast - Check out all past episodes, and extra content here! YouTube: The Texas Real Estate & Finance Podcast - Buying or Refinancing a home? Looking to invest in Real Estate? Looking to gain more basic financial knowledge? Tune in weekly as we discuss all things Real Estate and Finance. And the occasional surpise guest not related to any of that, about other topics I find facinating. I hope you will too! Hope you enjoy!…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Maximizing Property Investments in Today’s Real Estate Market 1:05:04
1:05:04
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:05:04
Ready to unlock the secrets to maximizing property investments in today’s unpredictable real estate market? Discover insider strategies that top investors use to turn undervalued properties into gold mines. If you’re eager to learn how to navigate and thrive in this challenging landscape, this episode is a must-listen! In this episode, we focus on Maximizing Property Investments in Today’s Real Estate Market with expert insights from Brian Evans. We dive into strategic property acquisitions, uncovering how to identify undervalued real estate opportunities and navigate the complexities of investment property financing. Brian shares actionable advice on managing rental properties, optimizing renovation efforts, and understanding the risks and rewards of various investment strategies. Whether you're a seasoned investor or just starting out, this episode offers practical tips and answers key questions on how to maximize your returns in an ever-changing market. Key Takeaways Identifying Undervalued Properties Understanding how to spot undervalued real estate is crucial for maximizing property investments. Brian Evans emphasizes the importance of thorough market research and knowing what to look for, such as distressed properties, locations with growth potential, and areas with high rental demand. This approach allows investors to acquire properties below market value, setting the stage for profitable outcomes. Strategic Property Acquisition Techniques Acquiring the right property at the right price is a skill that requires both patience and precision. Brian discusses the importance of strategic acquisition, which includes analyzing after-repair value (ARV), understanding holding costs, and ensuring that the purchase price leaves room for a significant return on investment. This strategy helps investors avoid overpaying and ensures long-term profitability. Financing Your Investments One of the most critical aspects of property investment is securing the right financing. The episode covers various financing options, from conventional mortgages to hard money loans and DSCR loans. Brian shares tips on how to leverage these options effectively to minimize out-of-pocket expenses and maximize cash flow, which is essential for maintaining liquidity and expanding your investment portfolio. Effective Property Management Managing rental properties efficiently can significantly impact your bottom line. Brian provides insights into best practices for property management, including tenant selection, maintenance planning, and optimizing rental income. Effective management not only ensures a steady cash flow but also helps in maintaining and even increasing the property's value over time. Navigating Market Challenges The current real estate market presents unique challenges, such as high interest rates and fluctuating property values. Brian discusses how to navigate these challenges by focusing on long-term growth, staying informed about market trends, and being prepared to adapt strategies as needed. This proactive approach helps investors stay ahead of the curve and continue to maximize their property investments even in uncertain times. Time-Stamped Summary [00:00 - 03:00] Introduction Mike Mills introduces the episode, addressing the challenges in the current real estate market, including low mortgage application rates and declining home sales. He introduces the episode's focus on "Maximizing Property Investments in Today’s Real Estate Market" and welcomes guest Brian Evans, highlighting his expertise in strategic property acquisitions. [03:01 - 07:00] Market Overview and Opportunities Mike provides a detailed overview of the real estate market, noting the rise in inventory levels, particularly in Texas, and discusses how these conditions create opportunities for those who can identify undervalued properties. He references Warren Buffett’s investment philosophy, setting the tone for the discussion. [07:01 - 11:00] Identifying Investment Opportunities Brian Evans begins by explaining how his team identifies undervalued properties, focusing on distressed situations and properties with deferred maintenance. He emphasizes the importance of market knowledge and strategic location choices, such as up-and-coming neighborhoods and areas benefiting from infrastructure developments. [11:01 - 15:00] The Importance of Proper Underwriting The conversation shifts to the importance of underwriting properties correctly. Brian discusses the need to understand after-repair value (ARV) and the potential pitfalls if investors fail to factor in all costs, such as holding and rehab expenses. This segment highlights the critical role of accurate financial projections in property investment. [15:01 - 18:30] Financing Strategies for Property Investments Brian outlines various financing options available to real estate investors, including hard money loans, bridge loans, and DSCR loans. He shares tips on how to leverage these financing methods effectively to minimize upfront costs while maximizing potential returns, and the importance of being financially prepared for unexpected market shifts. [18:31 - 23:00] Managing and Renovating Properties This segment covers best practices for managing and renovating investment properties. Brian offers advice on selecting reliable contractors, managing renovation budgets, and ensuring that properties are well-maintained to retain and increase their value. He also touches on common renovation mistakes and how to avoid them. [23:01 - 27:00] Long-Term Investment Strategies and Challenges Brian discusses the importance of long-term strategies in real estate, particularly in a volatile market. He talks about how to stay ahead by focusing on long-term growth, adapting strategies, and the importance of patience when it comes to real estate investments. [27:01 - 32:00] Real Estate Market Dynamics Mike and Brian explore the current dynamics of the real estate market, particularly the effects of high interest rates and how these are influencing buying and selling behaviors. They discuss the importance of timing in property acquisitions and how to navigate the market's cyclical nature. [32:01 - 36:00] The Role of Market Trends in Investment Decisions Brian explains how staying informed about market trends can help investors make better decisions. He talks about the significance of understanding local market conditions and how global economic factors can impact real estate investments. The discussion includes advice on how to adjust strategies based on these trends. [36:01 - 40:00] Leveraging Equity in Property Investments This section focuses on how to leverage equity in property investments to expand your portfolio. Brian shares examples of how investors can use existing property equity to finance new acquisitions and the benefits of this approach in building long-term wealth. [40:01 - 44:00] Effective Property Management for Maximizing Returns Brian dives deeper into property management strategies, emphasizing the importance of tenant selection, regular maintenance, and optimizing rental income. He also discusses how to handle unexpected challenges in property management and the impact of good management on property value. [44:01 - 48:00] The Importance of Strategic Renovations The conversation returns to renovations, with a focus on which upgrades provide the best return on investment. Brian offers insights on balancing cost and quality in renovations and how strategic improvements can significantly enhance property value and appeal to potential renters or buyers. [48:01 - 52:00] Overcoming Market Challenges Brian and Mike discuss the challenges currently facing real estate investors, such as rising interest rates and economic uncertainty. Brian shares strategies for overcoming these challenges, including the importance of flexibility in investment planning and the need to be prepared for market fluctuations. [52:01 - 56:00] Building a Resilient Real Estate Portfolio Brian outlines his approach to building a resilient real estate portfolio, focusing on diversification and strategic property selection. He emphasizes the importance of resilience in portfolio management, particularly in uncertain markets, and how to ensure consistent growth over time. [56:01 - 60:00] Final Thoughts and Key Takeaways The episode concludes with Brian summarizing the key points discussed, reinforcing the importance of strategic planning, market awareness, and careful management in maximizing property investments. Mike encourages listeners to apply these insights to their own real estate endeavors. [60:01 - 65:00] Conclusion and Call to Action Mike wraps up the episode by thanking Brian for his valuable insights and urging listeners to share the podcast with their networks. He also invites listeners to reach out with any questions and to consider how they can apply the strategies discussed to their own investment practices. Guest Bio: Brian Evans Brian Evans is a seasoned real estate investor and serial entrepreneur with a deep expertise in identifying and maximizing property investments. As the managing partner of Beva Homes and Qualis Investments, Brian has built a reputation for acquiring undervalued properties and transforming them into profitable ventures. His extensive experience spans across the real estate spectrum, including property acquisition, financing strategies, and effective management of rental properties. Beyond his professional achievements, Brian is also a dedicated Ironman competitor, showcasing his commitment to endurance and excellence both in business and personal pursuits. With over two decades of marriage and fatherhood, Brian brings a unique blend of professional insight and personal integrity to the world of real estate investment. Resources Mentioned in This Episode Rentometer A valuable tool mentioned by Brian Evans for assessing rental prices in specific areas. Rentometer provides accurate and up-to-date rental data to help investors gauge potential rental income. https://www.rentometer.com/ InvestorLift Brian references InvestorLift, a platform that assists real estate investors in finding and acquiring off-market properties. It is particularly useful for sourcing undervalued properties and connecting with motivated sellers. https://investorlift.com/ Qualis Roofing & Construction Brian mentions his business, Qualis Roofing & Construction, which offers roofing and general construction services. This company emphasizes quality workmanship and is a key part of Brian’s real estate investment strategy. https://www.qualisgc.com/ BEVA Homes We are a family-owned and operated home buying company, driven by a passion for helping others. https://bevahomes.com/…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Mortgage Rates are falling, but what does it mean for you? This episode unravels the mystery behind the mortgage rates decline and its implications for the housing market. Stay tuned for expert advice on leveraging these changes to benefit your real estate goals. In this episode of The Texas Real Estate and Finance Podcast, host Mike Mills dives into the mortgage rates decline and its wide-ranging effects on the real estate market. We'll explore the factors driving the current rates, including the stock market sell-off, Federal Reserve policies, and global economic influences. Mike breaks down how these changes impact housing affordability and shares strategic refinancing tips for homeowners. Key topics include the future of mortgage rates, the economic forecast for 2024, and buying opportunities in a volatile market. With insights tailored for real estate professionals and consumers, this episode equips you with the knowledge to navigate the evolving landscape. Key Takeaways Understanding Mortgage Rates Decline Mortgage rates have recently declined, which is beneficial for potential homebuyers and investors. This episode explains the factors contributing to this decline, including economic data, Federal Reserve policies, and global market events. Understanding these influences helps you make informed decisions in the current market. Impact of Market Sell-Off The recent stock market sell-off has had a significant impact on mortgage rates. Typically, money moves from stocks to bonds during a sell-off, leading to lower mortgage rates. This episode explores why this didn't happen as expected and what it means for the future of mortgage rates. Strategic Refinancing Tips With mortgage rates declining, refinancing could be a smart move for many homeowners. Mike provides practical advice on when and how to refinance, considering the current economic conditions. Learn about the costs and benefits of refinancing to make the best decision for your financial situation. Housing Market Predictions for 2024 This episode delves into the economic forecast for 2024, including potential further rate cuts by the Federal Reserve. Discover how these predictions impact housing market trends and what opportunities may arise for homebuyers and investors in the coming year. Global Influences on Mortgage Rates Global events, such as the conflicts in Israel and Ukraine, play a significant role in mortgage rate fluctuations. Mike discusses how these geopolitical factors, along with domestic issues like the national debt, influence the real estate market. Stay informed about these global influences to better navigate the mortgage landscape. Time Stamped Summary 0:00 - 2:00: Episode Introduction Host Mike Mills introduces the episode recorded on August 5th. Discusses the Dow opening 1,000 points down and the market's reaction. Highlights the unexpected mortgage-backed securities sell-off. 2:01 - 4:00: Market Reactions and Questions Explores the relationship between stock market declines and bond investments. Questions the atypical market behaviors and their causes. Introduces the main topics: mortgage rates, economic impacts, and future predictions. 4:01 - 6:00: Current Economic Situation Reviews current mortgage rates as of August 5th, 2024. Mentions rates for 30-year fixed conventional, FHA, VA, and 15-year mortgages. Discusses the 10-year treasury yield and unemployment rates. 6:01 - 8:00: Stock Market and Mortgage Rates Analyzes recent stock market performance and its impact on mortgage rates. Discusses weaker-than-expected earnings from major companies. Reviews the market's response to these economic indicators. 8:01 - 10:00: Factors Behind Rate Changes Explains the "yen carry trade" and its effect on U.S. markets. Discusses the Bank of Japan's rate increase and its global impact. Reviews the reasons behind the market sell-off. 10:01 - 12:00: Global Events Impacting Rates Covers geopolitical events such as the conflict in Israel and Iran. Discusses potential global conflicts and their influence on market stability. Highlights the interconnectedness of global events and U.S. mortgage rates. 12:01 - 14:00: Historical Context and Predictions Provides a historical perspective on mortgage rates and market behaviors. Discusses previous economic crises and market recoveries. Predicts future trends based on current economic indicators. 14:01 - 16:00: Refinancing Advice Offers tips on when to consider refinancing given current rates. Discusses the costs and benefits of refinancing in a declining rate environment. Emphasizes the importance of consulting with mortgage professionals. 16:01 - 18:00: Housing Market Outlook Reviews the housing market's current state and future predictions. Discusses the impact of declining rates on housing affordability. Offers insights into buying opportunities in the coming months. 18:01 - 20:00: Final Thoughts and Call to Action Summarizes key points and encourages listeners to stay informed. Invites listeners to share the podcast and consult with Mike for mortgage advice. Ends with a positive note, encouraging resilience and proactive decision-making. Resources Here are the resources mentioned in the episode for the audience to access: Mortgage News Daily : For the latest updates on current mortgage rates. Website: https://www.mortgagenewsdaily.com Geneva Financial : To learn more about Mike Mills and mortgage services. Website: https://www.millsteammortgage.com Contact Number: 817-689-6079 Email: Mike.Mills@genevafi.com NMLS Consumer Access : For licensing information and to verify mortgage professionals. Website: https://www.nmlsconsumeraccess.com Social Media Links : Follow Mike Mills for updates and insights. Facebook: https://www.facebook.com/mike.mills.3110 LinkedIn: https://www.linkedin.com/in/mike-mills-49a09621/ Instagram: https://www.instagram.com/mikemillsmortgage/ X (formerly Twitter): https://twitter.com/mikemillsMTG TikTok: https://www.tiktok.com/@mikemillsmortgage YouTube Channel : For video content and episode updates. YouTube: https://www.youtube.com/channel/UCXkjOewltTYYIi0dTsyI9Eg…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Struggling with skyrocketing property taxes and home expenses? Discover how technology can help you optimize your home expenses and reduce property taxes now with insights from Ownwell's CTO, Joseph Noor. Tune in to unlock the secrets to saving big on your biggest home costs. In this episode, we focus on how to reduce property taxes and optimize home expenses now with expert insights from Joseph Noor, CTO of Ownwell. Discover the innovative technology solutions that make managing real estate costs easier than ever. Learn how to save on property taxes, lower your home insurance, and cut down on utility bills Key Takeaways Optimize Your Home Expenses Joseph Noor explains how Ownwell's technology can optimize every line item on your property’s P&L, from mortgages to utilities. By leveraging AI and local expertise, Ownwell helps homeowners ensure their expenses are as low as possible, making property ownership more affordable. Reduce Property Taxes with Ease Learn about Ownwell’s streamlined process for protesting property taxes. Joseph Noor highlights how the company uses technology to prepare evidence and negotiate with assessors, ensuring homeowners pay no more than their fair share in property taxes every year. Lower Your Home Insurance Premiums Ownwell not only helps with property taxes but also offers solutions to reduce home insurance costs. By continuously monitoring insurance rates and pulling quotes from various providers, they ensure homeowners always get the best deals without the hassle of spam calls or emails. Cut Utility Bills Effortlessly Joseph Noor discusses how Ownwell can help homeowners lower their utility bills, including internet and electricity. By negotiating better rates and identifying savings opportunities, Ownwell makes it easy for homeowners to reduce these recurring expenses. Embrace Technology for Savings The episode underscores the importance of adopting new technology in real estate. Joseph Noor shares insights on how AI and automation can revolutionize property management, making it easier for homeowners and realtors to manage costs and improve financial outcomes. Time Stamped Summary [0:00 - 1:04] Introduction and Vision Joseph Noor introduces Ownwell's vision to optimize every line item on a property’s P&L, starting with mortgages and working down to taxes, insurance, and utilities. Discussion on monitoring the mortgage market and exploring ways to reduce standard bills, like internet costs. [1:04 - 3:33] Episode Introduction Mike Mills introduces the podcast and the episode’s focus on reducing property taxes and home expenses. Discussion on the current unaffordable housing market, rising insurance costs, and the importance of managing these expenses. [3:33 - 5:04] Ownwell’s Services Joseph Noor explains Ownwell's primary service of helping homeowners save money on property taxes. The process of protesting property taxes annually and ensuring homeowners pay no more than their fair share. [5:04 - 6:56] Traditional Property Tax Protest Methods vs. Ownwell Comparison between traditional property tax protest methods and Ownwell’s technology-driven approach. Ownwell’s focus on making property tax protest accessible to all homeowners, regardless of property value. [6:56 - 8:31] Technology and Local Expertise Joseph discusses the integration of local experts with technology to provide the best outcomes for clients. The importance of local relationships with assessors and using technology to support these interactions. [8:31 - 10:25] Contingency Fee Model Explanation of Ownwell’s pricing model: charging 25% of the savings achieved. Emphasis on aligning Ownwell’s incentives with those of the clients to ensure the best possible outcomes. [10:25 - 12:41] Expanding Services Beyond Property Taxes Discussion on Ownwell’s expansion into other services like home insurance. The process of monitoring insurance rates and finding the best deals for clients without spam. [12:41 - 15:07] Challenges with Home Insurance Mike Mills talks about the challenges of rising home insurance costs and changing deductibles. Joseph explains how Ownwell helps navigate these issues by constantly pulling quotes and presenting savings opportunities. [15:07 - 17:00] Autopilot for Home Expenses Joseph describes the autopilot nature of Ownwell’s services, handling annual property tax protests automatically. Emphasis on making the process seamless and stress-free for homeowners. [17:00 - 19:22] Monitoring and Notifications How Ownwell monitors insurance premiums and utility bills to find savings. The criteria for notifying clients about potential savings and ensuring the notifications are meaningful. [19:22 - 21:56] Embracing Technology in Real Estate Discussion on the slow adoption of technology in the real estate industry. Joseph’s belief in the transformative potential of AI and technology for property management. [21:56 - 23:48] Personal Reflections and Future Innovations Joseph reflects on his background, including his time at NVIDIA and his passion for hardware and AI. Insights into future innovations and continuous brainstorming at Ownwell to improve services. [23:48 - 25:39] Conclusion and Call to Action Mike Mills wraps up the episode, reiterating the importance of reducing property taxes and optimizing home expenses. Encouragement for listeners to visit Ownwell’s website and take advantage of their services. [25:39 - 30:00] Personal Life and Background Joseph shares about his personal life, including his eight-month-old daughter. Discussion on balancing work and family life, and the role of fathers. [30:00 - 32:00] Early Career and Inspiration Joseph’s journey from selling golf balls to working at NVIDIA. His academic background and the inspiration behind starting Ownwell. [32:00 - 34:00] The Importance of Protesting Property Taxes Emphasis on the importance of protesting property taxes every year. How Ownwell simplifies this process for homeowners. [34:00 - 36:00] Real Estate Market Dynamics Discussion on the differences in property tax systems between Texas and California. The impact of state income tax on property taxes and the importance of staying informed. [36:00 - 38:00] Leveraging Local Expertise The significance of hiring local experts to navigate the property tax protest process. How Ownwell’s technology supports these experts to achieve the best results. [38:00 - 40:00] Pricing Model and Client Alignment Detailed explanation of Ownwell’s contingency fee model and its benefits. Aligning the company’s success with the client’s savings. [40:00 - 42:00] Expanding Services and Future Plans Plans to expand Ownwell’s services beyond property taxes and insurance. The potential for future innovations and continuous improvement. [42:00 - 44:00] The Role of Technology in Real Estate Discussion on the slow adoption of technology in real estate. Joseph’s vision for the future and the role of AI in property management. [44:00 - 46:00] Industry Regulations and Challenges Challenges faced due to industry regulations and the slow pace of change. The importance of adapting to new technologies while navigating regulatory frameworks. [46:00 - 48:00] Personal Reflections on Career Choices Joseph reflects on his career choices, including his time at NVIDIA and his transition to academia and entrepreneurship. The satisfaction of making a meaningful impact through Ownwell. [48:00 - 50:00] Housing Affordability and Homeownership Discussion on the current state of housing affordability and its impact on homeownership. The importance of making homeownership more accessible and affordable. [50:00 - 52:00] Future Innovations and Opportunities Insights into potential future innovations in real estate technology. Joseph’s continuous brainstorming and dedication to improving the industry. [52:00 - 54:00] Final Thoughts and Encouragement Mike Mills and Joseph Noor share final thoughts on the importance of reducing property taxes and optimizing home expenses. Encouragement for listeners to embrace technology and take advantage of Ownwell’s services. [54:00 - 57:00] Closing Remarks and Call to Action Mike Mills concludes the episode with a call to action for listeners. Emphasis on visiting Ownwell’s website and signing up for their services to save on property taxes and home expenses. Guest Bio Joseph Noor is the Co-Founder and CTO of Ownwell, a technology platform dedicated to reducing the costs and complexities of owning real estate. Born into a family of Lebanese immigrants deeply rooted in real estate investment, development, and property tax collection, Joseph's immersion in the industry began at a young age. He holds a PhD in Computer Science from UCLA, where he specialized in architecting scalable distributed systems using applied machine learning and AI. Prior to founding Ownwell, Joseph worked as a software engineering consultant, crafting software MVPs and optimizing systems for scalability. At Ownwell, Joseph combines his tech expertise with local market knowledge to help homeowners reduce property taxes, lower home insurance premiums, and cut utility costs, making property ownership more affordable and efficient. Resources Ownwell Website: Sign up and learn more about Ownwell's services for reducing property taxes, lowering home insurance premiums, and cutting utility costs. https://www.ownwell.com NMLS Consumer Access: For information on licensing and equal housing opportunities. https://www.nmlsconsumeraccess.com Geneva Financial: Visit Geneva Financial for mortgage services and more. https://www.millsteammortgage.com Mike Mills Social Media: Stay connected with Mike Mills for the latest updates and insights. Facebook: https://www.facebook.com/mike.mills.3110 LinkedIn: https://www.linkedin.com/in/mike-mills-49a09621/ Instagram: https://www.instagram.com/mikemillsmortgage/ X (Twitter): https://twitter.com/mikemillsMTG TikTok: https://www.tiktok.com/@mikemillsmortgage Podcast Links: Catch the full episode and more from The Texas Real Estate and Finance Podcast. Podcast URL: https://www.thetexasrealestateandfinancepodcast.com YouTube: https://www.youtube.com/channel/UCXkjOewltTYYIi0dTsyI9Eg Contact Information: For any inquiries or further information. Email: Mike.Mills@genevafi.com Contact Number: 817-689-6079…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Ready to master the Texas housing market? Join Mike Mills as he dives deep into the benefits of Adjustable Rate Mortgages and reveals key insights on current market trends. This episode is packed with tips and strategies that could save you thousands! In this episode, Mike Mills opens with a comprehensive update on the Texas housing market, covering the latest mortgage rate trends and increasing housing inventory. He dives into economic impacts, including government spending and potential rate cuts, and discusses how these factors influence the real estate market. Mike also explains the new NAR rules coming into effect and their implications for realtors. As the episode progresses, he highlights the income needed to afford a median home in the U.S. today. Finally, Mike wraps up by discussing the benefits of Adjustable Rate Mortgages, offering insights on how they can save borrowers thousands in the current market. Key Takeaways Texas Housing Market Trends The Texas housing market is seeing a rise in housing inventory and a slight decrease in mortgage rates. These trends suggest a potential stabilization in the market, offering opportunities for both buyers and sellers. Understanding these shifts is crucial for real estate professionals looking to make informed decisions and strategize effectively. Economic Impacts on Real Estate Government spending and potential Fed rate cuts are significant factors influencing the real estate market. The discussion highlights how these economic elements can impact mortgage rates and housing affordability. Staying updated on these economic trends is essential for real estate professionals to anticipate market movements and advise clients accordingly. New NAR Rules and Realtor Commissions The upcoming NAR rules will eliminate the requirement for offers of compensation in the MLS, affecting how realtors conduct business. This change could lead to significant adjustments in realtor commissions and overall market dynamics. Realtors must understand and adapt to these new rules to ensure compliance and maintain their business operations. Income Requirements for Homebuyers To buy a median-priced home in the U.S. today, an income of over $100,000 is generally needed. This significant increase in income requirements reflects the current economic conditions and housing market trends. Real estate professionals should be aware of these requirements to better guide their clients in the home-buying process. Benefits of Adjustable Rate Mortgages Adjustable Rate Mortgages (ARMs) offer potential savings, especially in a fluctuating market. With the right understanding and strategy, ARMs can help borrowers save thousands over the life of the loan. Real estate professionals should consider ARMs as a viable option for clients and educate them on how to leverage these products effectively. Time Stamped Summary 0:00 - 0:30 - Introduction Mike Mills starts with a motivational message about life cycles, resilience, and the path to wealth and prosperity. Introduction to the Texas Real Estate Finance Podcast and the episode's agenda. 0:30 - 1:23 - Episode Breakdown Overview of the topics to be covered: mortgage rates, housing market trends, government spending, NAR rules, income requirements, and Adjustable Rate Mortgages. 1:23 - 2:00 - Call to Action Mike encourages listeners to share the podcast and highlights the growth in downloads. 2:00 - 3:23 - Summary of Mortgage Rates Detailed breakdown of current mortgage rates: 30-year fixed conventional: 6.82% 30-year FHA: 6.27% 30-year VA: 6.28% 15-year conventional: 6.32% Jumbo: 7% Discussion on expected rate movements and economic indicators. 3:23 - 4:42 - National Housing Trends Analysis of rising housing inventory nationwide. Comparison of new listings and overall inventory levels to previous years. Discussion on the impact of these trends on home prices. 4:42 - 6:10 - Texas Housing Trends Examination of Texas-specific housing inventory trends. Comparison of current inventory levels to historical data. Discussion on stale listings and market dynamics in Texas. 6:10 - 9:03 - Government Spending and Economic Concerns Analysis of current government spending and the national debt crisis. Discussion on the unsustainable fiscal path and its implications for the real estate market. Comparison of current spending levels to historical contexts, such as World War II. 9:03 - 17:00 - NAR Rules and Realtor Commissions Introduction to the new NAR rules effective August 17th. Elimination of compensation requirements in MLS listings. Implications for realtor commissions and business practices. Importance of compliance and the need for clear compensation disclosures. 17:00 - 19:58 - Income Requirements for Homebuyers Analysis of income levels needed to afford a median-priced home in the U.S. Comparison of current income requirements to previous years. Discussion on economic disparities affecting homeownership. 19:58 - 24:50 - Educational Attainment and Wealth Accumulation Examination of the impact of education on wealth accumulation. Comparison of net worth across different educational levels. Discussion on the long-term benefits of higher education for financial stability. 24:50 - 25:56 - Family and Economic Status Analysis of the economic benefits of marriage and family structures. Comparison of income levels and wealth accumulation between married and single individuals. Discussion on the societal implications of family and community on economic prosperity. 25:56 - 26:12 - Transition to ARM Discussion Brief transition into the topic of Adjustable Rate Mortgages. 26:12 - 27:45 - Adjustable Rate Mortgages (ARMs) Introduction to Adjustable Rate Mortgages and their potential benefits. Explanation of the initial fixed rate period and subsequent adjustments. Historical context and lessons from the early 2000s housing boom. Strategic advantages of ARMs in the current market environment. 27:45 - 28:00 - Conclusion and Future Episodes Mike wraps up the episode with a call to action to share the podcast and engage with the community. Mention of the next episode featuring Joseph Noor and his insights on property management and tax savings. Encouragement to stay informed and make strategic real estate decisions. Resource Geneva Financial - For various mortgage services, including FHA, VA, conventional loans, home equity lines of credit, and bridge loans. Website: https://www.millsteammortgage.com Mortgage News Daily - For up-to-date mortgage rate information. Website: https://www.mortgagenewsdaily.com NMLS Consumer Access - For licensing information and to verify the credentials of mortgage professionals. Website: https://www.nmlsconsumeraccess.org Zillow - For market analysis and trends, including income requirements for homebuyers. Website: https://www.zillow.com Bankrate - For financial advice and income estimates needed to afford median-priced homes. Website: https://www.bankrate.com Redfin - For data on housing inventory and market trends, particularly in Texas and Florida. Website: https://www.redfin.com…
T
The Texas Real Estate & Finance Podcast with Mike Mills

1 Future Mortgage Rates: Insights and Predictions with Dan Habib 1:12:13
1:12:13
پخش در آینده
پخش در آینده
لیست ها
پسندیدن
دوست داشته شد1:12:13
Curious about when mortgage rates will finally drop and spark new housing demand? Join Mike Mills as he dives deep with Dan Habib of MBS Highway to uncover the future of mortgage rates and what real estate professionals need to know! In this episode, Mike Mills sits down with Dan Habib, Executive Vice President of MBS Highway, to discuss the future of mortgage rates. They explore critical topics such as inflation's impact on mortgage rates, the Federal Reserve's role, and the accuracy of job numbers. Dan provides insights from his recent attendance at a Fed meeting and discusses the potential for a refinancing boom. They also delve into the national debt and how MBS Highway prepares for its daily show. Finally, Dan shares valuable information about his company, Crypto Charged, which helps people understand and invest in cryptocurrency. Key Takeaways Inflation's Impact on Mortgage Rates Inflation plays a significant role in determining mortgage rates. As inflation rises, mortgage rates tend to increase because investors demand higher returns to offset the eroding value of fixed-rate returns. Understanding this relationship helps real estate professionals anticipate rate changes based on economic conditions. Federal Reserve's Influence on Rates The Federal Reserve's monetary policy, including interest rate adjustments, significantly affects mortgage rates. Dan discusses how the Fed's decisions are influenced by inflation and employment data, and what real estate professionals can expect in terms of future rate cuts or hikes. Accuracy of Job Numbers Job numbers reported by the Bureau of Labor Statistics (BLS) have shown significant discrepancies, impacting economic forecasts and market reactions. Dan explains the reasons behind these inaccuracies and how they can affect predictions for mortgage rates and the broader economy. Potential for a Refinancing Boom As mortgage rates are expected to decrease, there is a potential for a refinancing boom. Lower rates can lead to increased refinancing activity, offering opportunities for real estate professionals to help clients reduce their mortgage payments and secure better loan terms. Crypto Charged: Navigating Cryptocurrency Investments Dan introduces his company, Crypto Charged, which aims to educate investors about cryptocurrency. He emphasizes the importance of understanding crypto markets and how real estate professionals can diversify their investment portfolios with informed decisions in this emerging field. 00:00 - 05:00 Introduction and Overview Mike Mills introduces the Texas Real Estate and Finance Podcast. Discussion on the primary question in real estate: "When are rates coming down?" Introduction of guest, Dan Habib, Executive Vice President of MBS Highway. 05:00 - 10:00 Current Mortgage Rates and Future Predictions Dan Habib shares insights on current high mortgage rates and factors influencing them. Detailed discussion on inflation's role in rate changes. Overview of Federal Reserve's actions and their impact on mortgage rates. 10:00 - 15:00 Inflation, Job Market, and Fed's Role Explanation of core inflation and its measurement. Impact of job market conditions and unemployment rates on Fed decisions. Dan's perspective on the reliability of BLS job data and its revisions. 15:00 - 20:00 BLS Data and Market Reactions Analysis of the BLS's business and household surveys. Discussion on the discrepancies between job creation numbers and unemployment rates. Insight into the Fed's dual mandate of stable prices and full employment. 20:00 - 25:00 Fed's Rate Cut Predictions and September Meeting Predictions on the timing and impact of the Fed's rate cuts. Highlights from Dan's attendance at the Economic Club of Washington, D.C. event. Powell's comments on inflation and labor market conditions. 25:00 - 30:00 Government Spending and Debt Impact on Rates Examination of the impact of government spending and national debt on mortgage rates. Analysis of current government expenditure levels. Discussion on the Treasury's role in bond market supply absorption through buybacks. 30:00 - 35:00 Impact of Treasury Auctions and Market Dynamics Discussion on how treasury auctions and bond supply affect mortgage rates. Explanation of the large amounts of debt being issued and its absorption by the market. Push-pull relationship between economic data, inflation, and government spending. 35:00 - 40:00 Fed's Balance Sheet and Quantitative Easing Detailed explanation of the Fed's balance sheet reduction strategy. Discussion on quantitative easing (QE) and the Fed's asset purchase policies. Impact of the Fed's reinvestments and Treasury buybacks on market supply. 40:00 - 45:00 Future Rate Predictions and Market Expectations Dan's predictions on future mortgage rates by the end of 2023 and 2024. Discussion on factors influencing rate changes, including potential recession impacts. Expected rate levels and their implications for the housing market. 45:00 - 50:00 MBS Highway and Market Insights Overview of MBS Highway's services and tools for mortgage professionals. Discussion on the value of market data and analysis provided by MBS Highway. Introduction to new tools and features, including List Reports and the Home Report. 50:00 - 55:00 Housing Market Trends and Projections Analysis of current housing market conditions and inventory levels. Predictions on home price appreciation and market demand. Factors influencing housing market trends, including household formations and new constructions. 55:00 - 60:00 Crypto Charged and Cryptocurrency Insights Introduction to Dan's crypto-focused company, Crypto Charged. Overview of cryptocurrency market analysis and investment strategies. Discussion on the potential of Bitcoin and other cryptocurrencies as investment assets. 60:00 - 65:00 Final Thoughts and Closing Remarks Importance of staying informed and educated in the real estate and finance markets. Encouragement to explore MBS Highway and Crypto Charged for valuable insights. Closing remarks and appreciation for listeners. Guest Bio Dan Habib Dan Habib is the Executive Vice President of MBS Highway, a premier resource for mortgage professionals. With a deep understanding of the mortgage-backed securities market, Dan provides daily updates and insights that are essential for mortgage professionals. His expertise extends to job numbers, inflation, bonds, and overall market trends, making him a vital source of information for those in the real estate finance sector. Dan's extensive knowledge and ability to break down complex financial data have made him a sought-after speaker and commentator in the industry. He is also involved in the cryptocurrency space through his company, Crypto Charged, which aims to educate investors on the crypto market. MBS Highway Website : https://www.mbshighway.com/ Description : MBS Highway provides mortgage professionals with up-to-the-minute information on the mortgage-backed securities market, including daily updates and insights to help make informed decisions.…
T
The Texas Real Estate & Finance Podcast with Mike Mills

Unlock the secrets to lower mortgage payments and better homebuying decisions with Mike Mills! This episode is packed with streamline refinance tips and crucial updates on the current interest rates. Perfect for realtors and homeowners aiming to stay ahead in the Texas real estate market. In this episode of the Texas Real Estate and Finance Podcast, Mike Mills delves into essential streamline refinance tips to help you reduce your mortgage payments. He provides an in-depth analysis of current mortgage rate updates and how they affect the Texas real estate market . Key topics include housing market trends, increasing inventory, and economic factors influencing interest rates. Mike also shares insights on the best times to buy a car and recent changes in non-compete agreements. This episode is packed with Mike's expert advice, making it a must-listen for realtors and homeowners looking to make informed decisions. Key Takeaways Streamline Refinance Tips Streamline refinances offer a simplified way to lower your mortgage payments with less hassle. Mike explains the benefits, including reduced documentation and the possibility of no appraisal. Learn how these refinances can be cost-effective and help manage your mortgage better. Current Mortgage Rate Trends Understanding the latest mortgage rate trends is crucial for making informed real estate decisions. Mike discusses how recent interest rate changes affect the Texas housing market, providing insights into future rate expectations and their potential impact on homebuyers and investors. Rising Housing Inventory The Texas real estate market is seeing a significant increase in housing inventory. Mike highlights how this rise could lead to a potential shift towards a buyer's market, offering more opportunities for prospective homeowners to find their ideal property at competitive prices. Best Time to Buy a Car Mike offers timely advice on purchasing used cars, noting that the fall season presents a prime opportunity for buyers. He explains the factors contributing to lower car prices and higher availability, making it a smart move for those considering a vehicle purchase. Changes in Non-Compete Agreements Recent changes in non-compete agreements have made it easier for employees to switch jobs. Mike discusses how this shift impacts job mobility and competition in the labor market, providing listeners with valuable information on how these changes could benefit their career moves. Time Stamped Summary (0:00 - 0:26) Introduction and PCE Report Preview Mike Mills highlights the importance of the upcoming Personal Consumption Expenditures (PCE) report for June. Discusses the expectations that the PCE metric likely fell, which could lead to lower interest rates and a potential rate cut by the Fed in September. (0:27 - 0:54) Welcome and Episode Overview Mike Mills introduces himself as the host and a North Texas mortgage banker with Geneva Financial. Overview of the episode’s focus: falling interest rates, housing affordability, potential buyer's market in Texas, car buying tips, job market changes, and streamline refinance options. (0:55 - 1:07) Interest Rates Falling Announcement of falling interest rates and the potential costs associated with lower rates. (1:08 - 1:24) Housing Affordability and Market Trends Discussion on housing affordability and why a housing crash is unlikely. Insight into a potential buyer's market emerging in Texas. (1:25 - 1:34) Car Buying Advice Advice for those considering buying a car soon. Highlighting the best times for purchasing a car. (1:35 - 1:37) Employment News Brief mention of significant news for job seekers and the impact on employment changes. (1:38 - 2:01) Engagement Encouragement Mike encourages listeners to provide feedback and share the episode. Importance of helping clients navigate the mortgage process. (2:02 - 2:43) Current Mortgage Rates Update Detailed update on current mortgage rates for various types of loans: conventional, FHA, VA, jumbo. Explanation of the bond market's impact on interest rates. (2:44 - 3:30) Economic Indicators and Job Market Trends Analysis of recent economic indicators showing signs of a weakening job market. Discussion on how these trends could lead to lower interest rates. (3:31 - 5:02) Housing Market Data Insights into rising housing inventory both nationally and in Texas. Discussion on how increased inventory could affect home prices and the potential for a buyer's market. Specific data on housing inventory in major Texas metro areas. (5:03 - 6:03) Car Buying Tips Detailed advice on the best times to buy a car, considering price trends and dealership incentives. (6:04 - 7:06) Non-Compete Agreement Changes Explanation of the recent FTC ruling on non-compete agreements and its impact on job mobility. Discussion on the potential benefits for employees and the labor market. (7:07 - 7:41) Presidential Election Overview Brief overview of recent events in the presidential election, including the assassination attempt on Trump and Biden bowing out of the race. Potential implications for the economy and real estate market. (7:42 - 11:20) Streamline Refinance Tips In-depth explanation of streamline refinance options for FHA, VA, and USDA loans. Benefits of streamline refinances, including reduced documentation and no appraisal requirements. Tips on determining if a streamline refinance is the right choice. (11:21 - 13:02) Texas Housing Market Specifics Focus on the Texas housing market, with data on active listings and months of supply. Comparison of different metro areas within Texas and their inventory levels. Discussion on how increased inventory impacts buyers and sellers. (13:03 - 14:36) Car Market Trends Further advice on purchasing used cars, highlighting price trends and best purchasing times. Discussion on new vs. used car prices and the impact of high interest rates on car loans. (14:37 - 15:29) Non-Compete Agreement Benefits Additional insights into the benefits of the FTC's ruling on non-compete agreements for employees. Potential positive outcomes for job mobility and competition in the labor market. (15:30 - 16:09) Presidential Election Impacts Further discussion on the potential economic impacts of the presidential election outcome. Mike shares his thoughts on the future of the economy and real estate market. (16:10 - 20:39) Streamline Refinance Benefits and Engagement Tips Detailed benefits of streamline refinance loans for homeowners. Advice for realtors on using refinance knowledge to engage clients and generate more business. Emphasis on the importance of staying informed and communicating effectively with clients. (20:40 - 21:00) Closing Remarks Mike wraps up the episode with a preview of the next show featuring Dan Habib from MBS Highway. Encourages listeners to stay informed and engaged with the podcast. Mike Mills Mortgage The Texas Real Estate & FInance Podcast - Check out all past episodes, and extra content here! YouTube: The Texas Real Estate & Finance Podcast - Buying or Refinancing a home? Looking to invest in Real Estate? Looking to gain more basic financial knowledge? Tune in weekly as we discuss all things Real Estate and Finance. And the occasional surpise guest not related to any of that, about other topics I find facinating. I hope you will too! Hope you enjoy!…
به Player FM خوش آمدید!
Player FM در سراسر وب را برای یافتن پادکست های با کیفیت اسکن می کند تا همین الان لذت ببرید. این بهترین برنامه ی پادکست است که در اندروید، آیفون و وب کار می کند. ثبت نام کنید تا اشتراک های شما در بین دستگاه های مختلف همگام سازی شود.