August 20, 2024 | Driving It Home with ABoR's Housing Economist

In this episode of Driving It Home, Dr. Clare Knapp and Emily Chenevert discuss the recent changes to Unlock MLS rules and the current challenges in the housing market. Emily emphasizes the importance of staying informed through the resources provided by ABoR, such as classes and events, to help members stay competitive. The episode also highlights the value of the Buyer's Agent Portfolio published earlier in the summer, which includes resources to educate buyers on the wealth-building potential of homeownership and the impact of demographics on housing demand.   Dr. Clare Knapp shares insights on how agents can effectively distill and present market data to their clients, emphasizing the importance of telling a story with the data. She suggests moving from general to specific information, such as comparing market conditions across different geographies or timelines. Dr. Knapp also addresses the challenge of analyzing market trends in the post-pandemic environment, noting that while the rapid home price appreciation during COVID-19 was unsustainable, the long-term benefits of homeownership remain significant. She encourages agents to use tools like the Buy vs Rent index to illustrate these benefits to clients.   The episode wraps up with advice for agents on how to develop their data analysis skills. Dr. Knapp recommends making data analysis a regular practice, using available resources like ABoR’s Research, and seeking support from colleagues or attending Market Data Labs. Listeners are encouraged to reach out with questions or suggestions for future podcast topics, emphasizing their commitment to providing valuable resources for agents navigating the current housing market.   Links Mentioned Events - https://www.abor.com/events Education - https://www.abor.com/take-a-class Buyer’s Agent Portfolio - https://www.abor.com/content/uploads/2024/06/2024-Buyers-Agent-portfolio-ABoR-Unlock-MLS.pdf Buy vs. Rent Index - https://www.abor.com/buyvsrent ABoR Research - https://www.abor.com/research Market Data Labs - https://www.abor.com/course-type/market-data-labs Reach out – email [email protected] Download an episode transcript: https://www.abor.com/cms/wp-admin/upload.php?item=334950 Listen On: Apple: https://podcasts.apple.com/us/podcast/driving-it-home-with-abors-housing-economist/id1714289732 YouTube: https://www.youtube.com/playlist?list=PLzH_caxJ3VPq5iExWilqZOahnREgSFgqC  Connect with us on socials: https://www.abor.com/socials Connect with Dr. Clare Knapp on LinkedIn: https://www.linkedin.com/in/clare-losey  Have feedback? Email us at [email protected].