Navigating the Lowest Home Turnover in 30 Years: How Agents Can Thrive

Update: 2024-10-03

Description

In this episode of *The Hyperfast Show*, Dan Lesniak discusses a new report from Redfin revealing a striking 30-year low in home sales turnover across the U.S. With only 2.5% of homes being sold between January and August 2024, real estate agents are facing unprecedented challenges. However, the host provides actionable strategies to not only survive but thrive, offering three key ways to scale your business profitably in this tough market. From doubling down on proactive prospecting to cutting ineffective lead sources, this episode is packed with insights to help agents gain market share despite the downturn.

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Join Dan as he discusses:

- The impact of the lowest home turnover rate in 30 years and where it's happening most.

- Why mortgage rate locking and wage growth are influencing the slowdown.

- Three ways agents can still scale profitably, including proactive prospecting and reducing fixed costs.

Notable Quote

“Even in the face of a challenging market, if you stay heads down, proactively lead-generate, and trim unnecessary costs, you'll be ahead of the competition and grow your business profitably.” - Dan Lesniak

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