Real(ty) Talk
Real(ty) Talk
Crystal Ballin’: 2025 Real Estate Predictions and Trends
We're diving into the tantalizing world of real estate predictions for 2025. Do rising home prices and steady mortgage rates mean boom or bust? Join us as we dissect Redfin's forecast with our unique blend of analysis, skepticism, and humor, drawing from Southern California's real estate scene and beyond. Our episode kicks off with a spirited debate over the expected 4% rise in home prices and the potential for mortgage rates to stabilize around 7%, unlike the volatile feast of economic and political influences on the menu.
We also tackle the thorny issues facing the real estate industry, from cumbersome city permitting processes to the reality of commission negotiations for luxury properties. How will these factors shape the market, or are predictions of regulatory shifts just wishful thinking? Our conversation examines how scarcity often drives premiums, despite the forecast of declining commissions for the wealthy, and we ponder the impact of stagnant mergers and acquisitions on industry consolidation. Is it time for real estate professionals to brace for change, or keep the status quo?
In the final chapter, we turn our gaze towards the shifting dynamics of urban living, particularly among younger generations. Will Gen Z redefine the American Dream by prioritizing experiences over homeownership, or are these trends already in motion? As cities strive to combat urban flight with technological innovations, we're left questioning their true impact. We also scrutinize social media's role in transforming real estate practices, wondering if its influence extends beyond flashy listings to actual home sales. Our reflections and disagreements with Redfin's predictions set the stage for future discussions, and we invite you to weigh in with your thoughts.
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All right, welcome back to Realty Talk Podcast, your favorite podcast on the planet. We are very excited today to talk about an article that was just published. Before we jump into, that is there anything else we need to catch up on. I mean, it's been a couple of days.
Speaker 2:All right. So what are you? Well, we just came off Thanksgiving, all right. So what are you? Oh well, we just came off Thanksgiving, yeah, so any. Do you have any fun facts to tell?
Speaker 1:us Anything exciting that happened over the long weekend. I didn't burn the turkey, so that's good, oh yeah you hosted.
Speaker 2:Yeah, and by you.
Speaker 1:I mean Rachel hosted, for clarity. She was in charge of tablescape and appetizers.
Speaker 2:Oh okay, oh okay, Take it back.
Speaker 1:I stand corrected. That was great. What about you?
Speaker 2:I flew to Phoenix, did some family time and, yeah, I had a really nice weekend. Low key.
Speaker 1:Very good.
Speaker 2:Yeah, I'm dying to jump into.
Speaker 1:Very good. Yeah, I'm dying to jump into this article.
Speaker 2:Yeah, let's do it. So Redfin put out their 2025 predictions, and so we're going to do something a little different this time and we're going to read through those predictions and then we're going to say what we really think about these predictions. I feel like, you know, we're a little dramatic. I think they were like headline grabbers. I don't know what do you think?
Speaker 1:Yeah, 100%.
Speaker 2:Okay, so I think this is going to be fun. So jumping right in prediction number one is going to be fun.
Speaker 1:So jumping right in prediction number one home prices will rise 4% in 2025. Yeah, that's pretty specific. So yeah, I think this one's really hard because the uh they're, they're obviously pulling a national average and you know we in our business, the different businesses we're in, you know buy, buy, house buys, renovate, sells in Southern California, innovate, represents. You know buyers and sellers in Southern California are lending Operation Center Street lends in 37 states and so you know that's probably a slightly better you know average better.
Speaker 1:You know kind of average. Yeah, I don't know. I don't agree in california. I think it's going to be much higher than four percent in california, but I think there there will be some markets that go down in 2025, like coastal florida and some pockets like that. So I don't know if I were if we were going through quickly and we were just answering prediction number one. I agree it's going to be 4% or more.
Speaker 2:Okay, yeah, I agree. I mean it's hard to like when you're taking a whole United States and making that blanket statement, which all of these are pretty much touching on, that it is tough. But I think, with the buyers that have been holding back from buying with the thought that rates are going down, I feel like we've seen a little bit of a stall the past few months. So I do see an increase in buyers over the next few months and quarter one.
Speaker 1:So yeah.
Speaker 2:OK. Prediction to mortgage rates will remain near 7 percent.
Speaker 1:This is a hot topic at Thanksgiving, not just in my house but across the board and post election. I mean this one's a tough one because, again, it depends on which side of the ball you're on. I mean, I heard you know a ton of you know kind of right-leaning Republicans basically saying hey, you know, if our guy, if Trump's elected rates are going to go down and they're?
Speaker 1:going to plummet and you know, affordability is going to come back. I'm like I don't know, um, you know, and then I heard that from the other side, um, you know, and and so redfin's prediction is that it's going to be kind of just stable, like kind of status quo for the next 12 months.
Speaker 1:I actually think that that's a very high probability. Uh, you know, for for a few different reasons, I think Redfin, you know they stated that they think that the Fed's only going to cut rates twice in 2025, you know which? I mean, I think what that indicates is that they believe that Republicans, you know, are reading into those inflation numbers a little deeper. You know which, by definition, I think is true. Like you know, inflation it's measuring certain pieces and it's kind of trailing data. It's not current and so, you know, to build a healthy economy like that, stuff has to kind of get contained. I think it's. I think it's probably right. I don't think we're going to see rates below six percent and I don't think they're going to go above seven and a half.
Speaker 2:And do you feel that the tariffs that Trump is saying that he's imposing, I mean, I think that's the big. The big argument there At least you know what I'm hearing is that because of these tariffs, they feel that you know it is going to affect inflation and you know that's why they're going to hover around that rate.
Speaker 1:Yeah, I think it's possible. I mean, you know that's it's really tough, like you know. You go back and I actually have a friend that you know was hit with tariffs pretty aggressively, you know, when Trump had his first, his first round. You know suppliers or providers, you know in other areas and it really depends on the business you're in, I guess. But you know, I don't, I guess my opinion right now and I'm probably not educated enough on the problem, but I think the tariffs that they're talking about affect business owners.
Speaker 1:And usually those business owners are probably like kind of higher end businesses and so that could trickle down into, you know, the cutting of employment. But I just don't see that that would be the net result of a Republican, you know nominee. Like they. Like Trump wants the economy to be booming. He doesn't want to cut, he doesn't want to, he don't want to put imposed tariffs on you know products coming into our country that are going to decrease the total number of jobs. Like he wants more jobs and he wants more revenue. He wants to stimulate the economy.
Speaker 2:So I don't, I don't.
Speaker 1:I don't know if that's going to be factual.
Speaker 2:Yeah, or if maybe it's just a bad plan, like to put these additional tariffs on, like there's that. You know I I feel that the the sentiment, just like you, was like, oh, rates are going down, don't worry. I even had an agent text me that was like don't worry, guys, trump got elected, rates are going down soon. And I'm like I actually don't think that's the case. You know it's interesting the narratives, but I think if you're just looking at, you know what the feds are even saying and you know it's not likely that we're going to see a huge rate cut. So I would also agree with Redfin there.
Speaker 1:There is an argument to that. Like a five and a half to six and a half percent 30 year fixed mortgage is actually a healthy place because sub five and a half percent is like the return profile for the investor that buys that mortgage.
Speaker 1:backed security is not exciting profile for the investor that buys that mortgage-backed security is not exciting, right? So I mean 10%, 15% obviously is expensive. The only reason we talk so much about rates is that the actual value of a house has not come down as rates went up. And the value of a house hasn't come down primarily because we have an actual inventory issue, we have a supply problem, and that supply problem is not going to get fixed, and so rates are such a topic of discussion because affordability is complicated with the rate, you know, in an amortization schedule. But I don't, you know, I don't, we're not going to fix supply. That's very clear. That's not an overnight solution like a rate cut is, um, and cutting rates isn't going to fix supply, you know. If they cut rates aggressively, in fact, I think it makes supply worse, um, you know, and, and you know, because demand goes up and exactly yeah, and then it's 2021 again yeah, which in reality is probably a really good thing for a house.
Speaker 2:Great for us, yeah, but you know, maybe not for the consumer, yeah, okay. Prediction three there will be more home sales in 2025 than 2024.
Speaker 1:I agree. I think at a national level. For sure, 24 was an odd year, you know, rates were all over the place. We were going into an election cycle. You know, I think we we talked about on a previous podcast usually during an election year it doesn't affect home ownership or like home purchasing, but I think this year was just a little divisive. Yeah, people were.
Speaker 2:It's not that they didn't have the intention to buy, it's just that they got focused on other things yeah, and also I think they they did get caught up in that rate world where it's like oh, if you know what, we're going to wait until Trump gets elected because rates are going to go down. So I do think that there was some of that as well.
Speaker 1:Ok, that's easy. Prediction number four 2025 will be a renter's market. I thought this one was pretty interesting, so that did not go through. What that would have done is it would have allowed municipalities to enforce rent control, which sounds good if you're a renter Like, hey, I don't want my landlord to be able to rise or increase my rent. But when you really uncover the problem, when a landlord doesn't have the capacity to increase rents, it really encourages somebody to stay in a unit for a very long time because they have predictability on what that rental increase would look like, and so younger family formations wouldn't have inventory that they can move into for rent, and so it actually drives the price of rents up in non-rent-controlled areas. And in rent-controlled areas, owners become very jaded. They don't improve the asset, they don't have free working capital to go and make the units nicer and better, so it actually kind of creates the opposite. It's a cascading problem, but I don't know that it's going to become a renter's market. That seems like really far-fetched and weird to me.
Speaker 1:I don't know what they're seeing in terms of data. Like, I mean, a renter's market would mean that you know the renter is going to get a better deal. You know, renting, I mean maybe I guess you know that is kind of interesting at 24. You know, there was a lot of unique data about how, you know, owning a single family real estate rental was a really bad investment because you know interest rates were really high and so cap rates were, you know, not attractive.
Speaker 2:I don't know, I don't think I agree with that. Yeah, I don't think I agree with it. Yeah, I don't think I would say it's going to be a renter's market. You know, I feel like that. I don't really see that. I guess what they're saying is that, like the, basically there's going to be more rentals hitting the market, but I, I'm not I would agree. I feel like that's a kind of an aggressive statement to make.
Speaker 1:I guess my and maybe that's where I'm getting stuck is. I'm just reading their headline when they say it's going to be a renter's market. What I hear is that it's better to be a renter than an owner.
Speaker 2:Yeah.
Speaker 1:You have the upper hand in terms of leverage, and I don't think that's the case.
Speaker 2:Right, yeah, I think what you know. They're saying rents are going to be flat or down and you know home prices are going to go up. So they feel like you know there will be more more people renting. But I don't know, I mean, I think I don't think it's going to be any more than than last year. I think that you know it's. It seems a little broad to to say that it's going to be renters market.
Speaker 1:Yeah, I mean, I guess my my final thing. I would say there is like if, if the gap broadens between homeownership and being a renter, then there's more demand as renters. Inventory still isn't fixed.
Speaker 2:Yeah, and it's not like you know and rent those up, yeah, and most of these major cities.
Speaker 1:It's not like there's thousands of new rentals that are being built. I mean maybe out in the boonies or, like you know, in areas where the jobs aren't. But yeah, I don't. I think rents, you know, go up or stay flat.
Speaker 2:So yeah, OK, number five.
Speaker 1:fewer construction regulations will lead to more home building yeah, I mean look, I think this one's an interesting one um, what trump's talking about doing with um elon musk and doge the department of Government Efficiency? I actually really, I'm really inspired by that conversation because, you know, they're not building a like a division of the government. It's a special project and it goes away in 2026. It's an 18 month window and their intention during that 18 month window is to cut red tape and cut departments of the government that are spending too much. And you know regulation, you know, is one of those things that's on their, on their mind. I mean, to me, if we have a major supply problem and cities are making it more difficult to get a permit to go and build, it's like what?
Speaker 2:are we doing here, guys? Problem is not going to be solved.
Speaker 1:No, and so I don't know if they're going to be able to lift those regulations. I mean, I work in some of the trickiest cities, I think, in the US to get permits.
Speaker 2:Yeah.
Speaker 1:And I mean it's mind numbing. And so if they made it easier to get permits? And I mean it's mind numbing, and so if they, if they made it easier to get permits, holy cow, I'd be over the moon. Like it would be very exciting. You know we'd be able to move faster, buy more units. You know we would be stimulating the local economy of Southern California in a major way.
Speaker 2:You know, because I just I flat out don't buy stuff that needs big structural permitting. You know work to be done because I know I could sit there for six months yeah, you know, waiting for a city to respond.
Speaker 1:Yeah, I have seen that. I don't know. Their prediction says that. They're basically saying that that's for sure going to happen. I don't think that's the case. I think if it happened we would see more inventory. But I don't know if they understand how difficult it would be to actually change the munic.
Speaker 2:That's what I was going to say. I don't know if that's a 2025 thing. You know, I feel like that's another one where it's like that's an aggressive goal, 2025 to make a change like that, I mean, and what you're talking about. Yes, there's a ton of red tape and cities and you know it's rough to get things done, especially here in California, but I don't feel like that's a realistic overnight change. Okay, prediction six Wealthy people will pay less to buy and sell homes as commissions decline slightly.
Speaker 1:I think that is the dumbest statement I've ever heard. I think whoever built this report at Redfin wants that to be the case. Maybe Maybe I'm communicating aggressively, maybe it's not the dumbest thing, but I guess my experience is I've got two or three friends, for example, right now, that are shopping in Southern California in some of the highest price-per-foot markets Newport Beach, coastal on the water, private gated communities and what I hear them saying over and over again. They call and ask me hey, what should I do on this? Their opinion is always but shouldn't I go to the listing agent and have them represent me so they can get the full 6%, to make sure I get this asset? And these are some of the wealthiest, smartest people on the planet, like running very large businesses, very successful, and so I think it's actually much broader than than just like hey, is a wealthy person going to negotiate the commission down? I think you know there's this supply problem. You know wealthy people are generally purchasing assets that are sought after wealthy people are generally purchasing assets that are sought after.
Speaker 1:Sought after assets are generally limited, and when sought after assets are limited, the people that control the listing and the actual transaction can demand a premium. And so I think you know, hey, are wealthy people going to pay 6% across the board? Probably not.
Speaker 1:I don't think wealthy people have been paying 6% for 20 years, I think everything's negotiable, but I actually think that if a wealthy person so the word keyword they're wealthy. If a wealthy person is transacting, they generally are transacting on something that has scarcity, and when you're transacting on something that has scarcity, you tend to pay up to consummate.
Speaker 2:You pay premium. I, I completely agree. I feel like it's, um, it's strange that they put wealthy people will pay, pay less, you know, because I think that, um, it, it is kind of assuming something that I don't like. Um, what I will say is there's, with commission changes, we know that commissions are negotiable. They've always been negotiable. The difference is it's there's a conversation around it now.
Speaker 2:So, you know, I listed a property over the weekend, over the weekend, thanksgiving weekend, had six offers in hand on Monday and almost all of them asked for their full commission of. You know, two and a half percent was basically what they were asking. And, you know, when I met with the seller initially, I told him like two and a half percent is going to be probably what we can expect and what people are going to offer. There was one person that offered to take 1%, but it was really because they knew that their client wasn't going to be at the number that they wanted them to be, or that that was going to get them that deal. So they were doing their client a favor to help get them the deal.
Speaker 2:So, you know, are there going to be situations like that? Yes, there always have been like that yes, there always have been. And so, yeah, I would completely disagree and completely agree with you that I feel that, if anything, I think that's probably less on a wealthy person's mind of cutting the commission from agents. I think you know, people are willing to pay a premium for what they want and a good experience to get it. So, yeah, okay.
Speaker 1:I think you're right. I mean, that one that you're talking about specifically was a higher price point too, yeah, and the person that came in with a lower buy side commission did not get the deal right.
Speaker 2:No, they didn't win.
Speaker 1:So it's like you know, to me that one's kind of a funny one, and maybe we're getting stuck on the word wealthy.
Speaker 2:Yeah, yeah, maybe, but I mean that's in the headline, that's in the prediction.
Speaker 1:So my prediction is after our podcast airs, the editor at Redfin gets fired probably.
Speaker 2:Or we get censored, I don't know one or the other. Okay, prediction seven the real estate industry will consolidate.
Speaker 1:Yeah, look, I think that's highly possible.
Speaker 1:Mergers and acquisitions at large corporate levels have basically been halted for the last, like you know, three and a half years, like they're killing deals that would take place right now that would stimulate the economy and create jobs, just to kill deals basically. And you know there's some that probably make sense, you know. But I do think with the you know political environment that we're going to be moving into, it will be more business friendly and so there's going to be less. You know there's still going to be speculation, there's still going to be probably tumultuous waters to get deals done, but at least the door is going to open and deals will be discussed and happen. To get deals done, but at least the door is going to open and deals will be discussed and happen. You know, in the industry, specifically in real estate, I don't know, I mean I view single family real estate, you know, maybe slightly differently, like you know I've said this, I think, on the podcast before I think humans are going to live on the planet for at least another hundred years.
Speaker 2:When they live on the planet.
Speaker 1:they're going to live in houses. When they live in houses, they're going to want those houses to be pretty nice. Those houses are generally the average American consumer. It's the largest purchase they're ever going to make and it's the largest asset and the largest liability they're ever going to have. When they make that decision, they're going to want to trust the person that's consummating the decision. And you know consolidation like I don't know how you do that Like I don't know how you go and round up every agent in the US.
Speaker 1:I don't know how you go and round up every lender or broker or whatever you know. I don't know if that one's true. I think it will be easier to have a merger and acquisition take place, but I don't. I don't see anyone positioned to do that in a way that's significant at the moment.
Speaker 2:And it makes me think um was saying that Zillow was going to take over the world and there were not going to be agents anymore and they were going to get rid of all the agents and bring them all in. And you know, it's um. I think that that is uh. Again, I I'm going to call that one a headline because I are an attention grabber, because, um, yeah, I don't see in our space and in our, the way that we are doing business, um, as real estate agents.
Speaker 2:I just don't see that being a, a real um possibility yeah um, okay, prediction eight climate risks will be priced into individual homes, especially in coastal Florida. This one, again, is like a.
Speaker 1:it's like a name grabber, it's a word grabber. They're using the word climate which is like we had a hurricane or we had a few hurricanes. Yeah, I don't personally prescribe to the fact that you can point at and say that this was climate like I. You know I go back to growing up in in rural utah and you know there there are droughts and then there are years that it's wet, and you know there's these cycles.
Speaker 1:Mother nature has cycles and so for someone to point, especially insurance agencies, to point and say, hey, this hurricane was because of climate change. I'm like, I mean, I don't know, I don't, I don't, I'm not a scientist, but I don't see the science. I think it's like a convenient word that people are using. What I would say is that homeowner insurance is outrageous and crazy, right now.
Speaker 1:And so if they made that prediction and just changed the verbiage and said homeowners insurance will be priced into individual homes, especially in coastal Florida, I would say 100% agree, it already happened this is not a headline. Take it off your top 10 prediction. It's already done.
Speaker 2:Yeah, yeah, that's what I was thinking too. I mean, I think you know, with, we've seen it here with insurance where two of the biggest insurance carriers just like left, you know, and and I know they did that in florida as well um, and and homeowner like getting insurance is hard and it's expensive and um, and it has affected our market, you know. So I think, yes, um, I agree that there are beat that, due to, um, you know, catastrophic events, um, or more fires in California and you know, a hurricane in Florida, insurance has gone up and that does affect what a buyer can afford on a property. So, yeah, I mean that will actually affect value in certain places.
Speaker 1:Yeah, this is like a really complicated problem too because, like you know, insurance companies are not licenses to print money. So when you start an insurance business, you're taking on the risk, and so these insurance companies. It drives me crazy because they're using these natural disasters as a way to drive costs up and back out of markets and not insure when it's like, hey, inherently, this is your business model, like you're making the decision to underwrite these problems, it didn't go your way, yeah, you should still do business here and and eat the loss. Like don't eat the loss. Obviously, if I was the ceo of that company, I'd be like dude, you're wrong no, we hate you, yeah, yeah but.
Speaker 1:But I mean it's like you know. That would be like me buying a house, fixing it up, taking it to market and not getting as much as I thought I was going to get, and then going and suing the state and being like you know you guys didn't.
Speaker 2:You need to pay me yeah.
Speaker 1:It just doesn't make any sense Like to me that was a weird one.
Speaker 2:Yeah, okay. Prediction number nine I feel this one's weird Mayors in blue cities will help reverse the flight from urban centers.
Speaker 1:I mean, I don't know. I feel like, again, this one is so weird. Like you look at, you know the major cities. They're kind of talking about San Francisco for example I mean, I mean that that place is just a bizarro world, like they have made such a mess of that city it was. It was such a cool city to go to Um and then you know the way they've managed it with like the homeless problems and you know like people literally like shitting on the streets and doing drugs on the streets and stuff.
Speaker 2:It's like just clean it up like make it a safe and nice place to live, and people will want to live there.
Speaker 1:Yeah, and that goes back to that statement. Like, people are going to live on the planet for a long time. When they live here, they're going to want to live in nice areas where they feel safe, where their kids can go out and play, and if you don't do those things, then people don't want to live there, right? So I I don't know like to say that mayors in these cities are going to help yeah, reverse the flight.
Speaker 2:Yeah, I'm like seems like uh, that's a lofty, yeah, that's a bold statement, yeah, yeah I mean those mayors got to be really great people yeah, yeah, I mean I think they're talking about that making them more appealing with, like, autonomous vehicles and which is really cool. That is that is appealing, but I don't know if it outweighs um the other, the other cons that you're seeing in those big cities. Yeah, yeah, okay, um. Last one gen z prediction number 10. Gen z will rewrite the american cutting homeownership from the script.
Speaker 1:I don't know. I mean I think, if you look at the data, baby boomers own more single family real estate than any other demographic and I think 40% of those baby boomers don't have leverage on their asset, meaning they don't have any debt. Yeah, they own the real estate outright. I mean, I'm kind of formulating my opinion on the fly when we talk about this one. But baby boomer retires, they go and downsize or they move into a, you know, a senior community or whatever happens. Someone's going to go and buy that old house, right? Is it Gen Z? Is it a millennial? I mean, they kind of honed in on Gen Z will rewrite the American dream, I don't know. Last year, I think, we touched on the average. American purchase went up by four years or six years or something like that. It went to 38 years old versus 34 or 32. And then millennial buying went down by like from 36 to 24 percent or something. So I don't know. I mean, boomers aren't dying yet, you know, in big numbers.
Speaker 2:So yeah, it's a hard one for me I and I almost feel like that one's too soon to tell. You know, like Gen Z, I feel like I don't know. I definitely see and we talked about it where people are, you know, buying later, but and you know what they're saying is they're going to try and live with family for a while and it's like, yeah, I mean maybe for a while, but like I mean is that you're like you're not going to live your whole life with mom like in the basement, whole life with mom like in the basement. So I don't know, I I feel like, um, I feel like that could be worded a little differently as well, like I could see that, as you know, maybe it's taking them a little bit longer because home values have gone up and you know, getting into the workforce like it's a, it's a different experience, but, um, but I don't know if I would blanket that as like they're not going to do it, you know, yeah, yeah, I mean actually.
Speaker 1:I guess my argument, you know, is probably if they don't buy houses, it's not because they can't, it's because they spend their money on other shit.
Speaker 2:Yeah, because they're traveling the world and posting it on TikTok. I was going to say Instagram, but it's not Instagram. That's me posting on Instagram. There's Snapchatting.
Speaker 1:It's probably true. True though, right Like there, it's just a home ownership Isn't a priority to them, or as much of a priority as living a lifestyle? I mean, you know one of the interesting data points to look at. I don't know if I've ever even looked at this, but you know the people are living longer than they ever lived and you know women are getting pregnant later than they used to Like. It used to be common for you know you. You know you get married and you have kids at 22 or 23 or 24.
Speaker 1:And you know so, once you start forming a family and you have kids, that's usually when homeownership comes into play. That stuff's happening later. It'd be interesting to see a trend line to see if that's just following trend. Like family formations are usually what leads to homeownership. I think, family formation is happening later for Gen Z than it did for millennials and then for previous age demographics, so it's probably actually just on trend, I would bet.
Speaker 2:Yeah, I agree, just on trend, I would bet.
Speaker 2:Yeah, I agree, you know. As far as social media goes, just because we touched on it briefly, if we're going to dive into that, I do feel like social media has changed the landscape a little bit, not only for Gen Z, but really for everyone, and we see it in real estate and it's more of the content that we're putting out there. I think this is a deeper conversation, but I feel like on the next podcast, I want to talk about how social media has changed our industry specifically as a whole, because I do feel like real estate agents now feel like they have to be content creators and you know that is where we are hosting a ton of content and we do. I mean, we were actually you and I were just talking about it where we had a property that we posted. It was a video of a home that we were selling and there were multiple buyers that reached out for it on social media. But does that actually like sell a home? Does social media sell the home? I feel like we're going to talk about that next time.
Speaker 1:Yeah, I'm excited to talk about that. I I've been uh unclear on the value of social media for a long time. I'm I'm clear that there's value to be had from social media. I just don't know that people are using it properly.
Speaker 2:Yeah.
Speaker 1:Um, but I'm excited to talk about how that impacts a real estate business for sure. I mean, cause I can certainly see it impacting our business now. It's just different than the average consumer. I think it goes back to like you know, that statement in technology like if the product you're using is free, you are the product Right. You, you are the product right. So so the you know, if you, if you kind of wrap your head around that it's like you know we're. I view social media as a tool for us to distribute information about the deals that we're doing. Right, and it may not get that deal done, yeah, you know, but it brings eyeballs and it helps us grow a bunch of other areas. I don't know. I'm excited to talk about that one cool.
Speaker 2:Well, until next time cool all right.
Speaker 1:Well, that is it then, right? So I guess what we didn't really, you know, we'll have to do is maybe edit in our actual responses on this so that we can see, because I feel like, as I'm going through my list, I think I kind of agreed with them on seven out of ten and I disagreed on three.
Speaker 2:Okay, yeah, we're gonna have to go back, we're gonna have to count.
Speaker 1:I hope I'm, not wrong.
Speaker 2:I hope they're for sure gonna be wrong.
Speaker 1:Yeah. All righty, we'll see you next time. If you haven't subscribed to our channel, we sure appreciate you doing it. It helps us out a lot. If you've made it this far with us in this episode. You know we we love you. We really appreciate all the feedback. If you have questions or things that you'd like us to talk about, please submit that and send it to friends and family. We will see you next time.