1. Yes, the interest has gone up due to a lot people were trying to buy houses. Yes, the inventory has been tight since there hasn't been a lot new constructions coming to the market. Yes it start looking like 2006-2007 again. But what is different is that unqualified people are no longer getting loans anymore, you can no longer get a loan just because you have a pause.

   Even if the market will crash due to the increasing foreclosures caused by unaffordability, it is not gonna be anything close to the extent of 2008. The housing market is getting too expensive and interest rate is going up, so what, people will just stop buying houses and the appreciation will stop and the prices might start self-correction until it drops to the equilibrium where demands and supplies are balanced again. The interest rate will also start dropping too when people stop buying houses. So how is the mortgage interest rate gonna skyrocket to 8%? it did not even get that high in 2006-2007. The highest it got in 2006 was only 6.8%. And before that it was 8.64% in 2000.

   However, I do believe that when majority people start believing that the housing market is gonna have a major crash, then it is coming soon. For example, if 95% people think "Oh, the market is gonna crash, I should hold on and wait for it to drop to the bottom", then they might not buy a house even when the price drops to their affordability range. In this case, It will keep dropping even below the equilibrium point. Consumer's belief affects their behaviors and their behaviors affect the market.

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2. So is this NOT the time to get in? This is the career I want, but I don’t want to live in poverty. On the path to getting my license now.

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3. Great content as always!

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4. After over a year of listening online to all your wonderful material I finally picked up the phone to hire one of your coaches. I left a voicemail and my call wasn’t returned for over a week.. how can you teach all this wonderful “follow up” ideas yet your own coaches here in Orange County one of the hottest markets doesn’t return my call for over a week?! Very disappointing

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5. Tom: for those of us who cannot attend your upcoming event, is there any type of video access to keynote etc. or sessions that can be purchased to either watch on-demand or stream? Thanks

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6. Tom: love what you’re doing! I am brand new to Real Estate. I just got my license Monday of this week. Who are the 11 influencers in real estate with whom you spoke? I would love to get as much information as possible. Thanks

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7. I want to leave being an on-site agent to being an independent agent.

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8. Bad time to become an agent?

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9. Message heard. Load and clear. Thanks coach!

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10. Great info!

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11. Little changes are happening in the Brevard County market. New listings ytd are up. Sales are about the same as last year. Contingent listings are down. Still under a 3 month supply…but for how long?

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12. Good information Tom you are the best.

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13. Contest – I already purchased two tickets!!! So excited to attend the Summit.

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14. Talk about a Monday! Thanks for keeping us in front of the rest. Hoping for lots of REALTORs to leave the field.

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15. Market never got good here.

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16. Tom Ferry I love what you're doing in the community! Your changing lives daily, i cant say thank you enough. I started my first business last year after i watched your "how to manage your money like the rich" video. I am learning real estate investing but still apply your principles to my life. If you lookup "w3develops" on youtube my video is going viral thanks to your video first strategy.
    Keep it up sir and thank you.

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