Are you controlling the narrative with data?
The February 12th episode of This Week in Housing covers the latest data on forbearance, news on what’s going on in the market, and recommended scripts for you to share the important metrics to your clients.
It’s all about calming your clients with data, so I’ll ask you again, how are you controlling the narrative?
Don’t panic, take the time to listen through and talk about the reality of what’s happening now. Your clients want to be informed and guided by your knowledge. Step in and share the truth of housing prices, forbearance and answer your clients’ valid questions on what’s going on with the market.
Next time someone asks you, “How’s the Market?” share with them the data we’re sharing today!
In this episode, we talk about…
3:42 – How’s the market?
5:29 – Write this down!
7:41 – Check this “snapshot” of year-over-year changes in key metrics
9:57 – David Childers shares data from purchase applications and year-over-year difference
11:04 – Discover the latest data on year-over-year change in listings
15:46 – The number of mortgages in active forbearance remains steady!
16:54 – Have you seen the data on the exit from the forbearance plan?
23:08 – Distribution of loans in active forbearance by current combined loan-to-value
27:30 – Are we trapped in another bubble? Let’s find out!
28:46 – These are the numbers on US existing home median sales price
32:32 – Stats for months of inventory of homes for sale for Buyers’ and Sellers’ market