2024 has been quite a year for the housing industry. Interest rates kept us on our toes, the dust is still settling from the NAR settlement, agents are retooling their buyer and listing systems, we are digging an even greater hole in terms of our inventory, and now we even have insurance issues to bear. This year challenged both new and seasoned real estate professionals. Despite the challenges, there are big opportunities ahead for agents who know where to look.
Highly acclaimed by past attendees, State of the Market includes crucial information about important changes happening in our industry, historical and current market conditions, researched insight and predictions of where our market is going, and opportunities and talking-points for brokers to explore and capitalize upon.
I get questions all the time about why I am always so confident and sure about what is going to happen in the real estate market. People will ask me if I have a crystal ball, what do you do, what tools do you use? And I always say that, for me it is all about just really aware of what is happening not just in the real estate market, but in the economy and in the legislature. I want to know what is happening with zoning laws, licensing laws, what is happening with lawsuits in real estate, and more. You have to know all of this to really understand where the market is going.
So, if you are wondering whether or not you should be at the State of the Market - Absolutely! If you are an agent and you are just kind of wondering what's 2024 going to bring in real estate? Will it be a faster market, a slower market? Will there be more or less inventory? Are there opportunities out there?
If you are a builder or a developer you want to know what kind of product is going to be the hottest in 2024. If you are someone who is renovating you want to know what the latest design trends and tips will be. If you are an investor then you want to know when to buy, what to buy, where to buy, and how new laws and comprehensive plan updates will directly impact you and the real estate market. If you are a landlord you will want to know more about new tenant laws - oh my goodness - and how what has happened just in the last couple months will affect you.
For me, State of the Market is about giving you as many facts and as much data as I can to prove my points and support my predictions for the coming year. This is why my predictions are so accurate! They are accurate because I track how people live, where they spend their money, what they value, what housing we have available and what kinds of housing we are not producing enough of, the effect of interest rates, how the price of gas and consumables affect everything - it all leads to conditions that effect real estate.
So, if you are someone that wants the facts, the figures, and you want to be able to speak confidently to buyers and sellers about what is ahead for 2024, then please join me! It is going to be a fantastic, information packed, and visually interesting presentation.
2024 is going to be a fabulous year for agents that arm themselves with information!
By Denise Lones CSP, CMP, M.I.R.M.The founding partner of The Lones Group, Denise Lones has over three decades of experience in the real estate industry. With agent/broker coaching, expertise in branding, lead generation, strategic marketing, business analysis, new home project planning, product development and more, Denise is nationally recognized as the source for all things real estate. With a passion for improvement, Denise has helped thousands of real estate agents, brokers, and managers build their business to unprecedented levels of success, while helping them maintain balance and quality of life.