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061 Real Estate Trends: The State of the Housing Market in 2024 with Lisa Susca and Alyssa Lammers
Manage episode 424056768 series 3427149
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In this episode of Ace Relocation Nation, host Dan Lammers is joined by Lisa Susca, a veteran realtor from San Diego Castles, and Alyssa Lammers, a relocation expert. The trio dives deep into the intricacies of the current real estate market, particularly in San Diego. They explore the challenges posed by high interest rates and a persistent lack of inventory, which have made it a tough environment for buyers. Lisa provides valuable insights into buyer and seller trends, noting that many potential sellers are hesitant to move due to their favorable existing mortgage rates. She also discusses the impact of a recent lawsuit against the National Association of Realtors, which has led to changes in how buyer's agents are compensated.
Alyssa sheds light on the complexities of employee relocations, emphasizing the importance of professional support to manage the stress and logistical challenges involved. She notes a shift towards lump-sum relocation packages and the need for companies to offer competitive incentives to attract top talent to high-cost areas like Southern California.
The episode is peppered with personal anecdotes, including Lisa's experiences with concurrent closings and the emotional rollercoaster that clients often face during moves. Dan and Alyssa also discuss the role of realtors and relocation specialists in smoothing out these stressful transitions. The conversation wraps up with a light-hearted note on personal lives and future plans, making it a well-rounded and engaging episode for anyone interested in real estate and relocation.
00:00:05: Introduction and Welcome
00:01:20: Introducing Lisa Suska
00:02:06: Introducing Alyssa Lammers
00:02:33: Discussion on Uber Scores
00:04:58: Transition to Real Estate Market Discussion
00:05:43: Alyssa on Relocation Industry Trends
00:06:49: Lisa on San Diego Real Estate Market
00:09:08: Where Sellers are Moving
00:09:41: Renters vs. Homebuyers in SoCal
00:10:04: First-Time Homebuyer Programs
00:11:19: Challenges for First-Time Buyers
00:12:14: Incentives for Relocating Employees
00:13:24: Buyer Expectations and Market Realities
00:15:05: Impact of Recent Real Estate Lawsuit
00:18:11: Importance of Professional Realtors
00:19:44: Coordination Challenges in Relocation
00:21:00: Client Understanding of Relocation Complexities
00:22:12: Realtor's Role in Reducing Stress
00:23:13: Early Move-In Challenges
00:25:03: Biggest Challenges in Real Estate Industry
00:27:08: Trends and Predictions for 2024
00:29:47: Incentives for Buyers in Current Market
00:31:17: Closing Remarks and Future Podcast Ideas
00:32:06: Thanking Guests and Final Thoughts
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