The Most Powerful Person in The World Speaks - How Did the Markets Listen?

Unlock the mysteries of the Federal Reserve's influence on your wallet, Bryan Laflame and I, Aaron Morrow, dissect the latest Fed meeting outcomes with an eye on real estate and mortgage rates. Get ready to navigate the economic ripples with our expert analysis, as we reveal Chairman Powell's pivotal comments and the surprising ways employment data is shaping the market. Whether you're a property mogul or a first-time buyer, this episode is your compass through the complex world of interest rates and their impact on your financial future.

Dive into the Treasury's enigmatic dance with mortgage interest rates alongside us, as we decode the intricate supply and demand ballet influencing your investment decisions. We're not just foretelling the future of interest rates; we're offering a sneak peek at the next episode that will wade into the commercial banking crisis. With our forward-looking dialogue, be among the first to anticipate the twists and turns of these tumultuous financial tides – a must-listen for anyone with a stake in the economic game.

And because we know that the heart of finance beats in the home, join us for a candid chat about the home-buying journey. We riff on the recent successes of our webinar, tease the upcoming rent versus buy showdown, and through my "sage"? (lol) real estate advice, we extend an olive branch to those wrestling with the market's currents. So, gear up for a blend of sharp insights and a dash of humor, as we craft a guide through the real estate landscape that's as informative as it is engaging. 

👋 Considering a move to Seattle, Washington or its dynamic suburbs like Tacoma, WA & Bellevue, WA? Dive deep into what living in Seattle and its neighboring areas truly feels like.

Explore through neighborhood vlog tours, and city pros and cons videos, and get unmatched insights into relocating to the Greater Seattle area! Transition confidently with guidance from a native Realtor® who's eager to help you settle in your perfect home! 🔑

Whether you are moving in 9 days or 9 months, give us a call ☎, shoot us a text 📝, or send us an email 📨 so we can help you make a smooth move to the greater Seattle, WA area! 

Aaron Morrow Realtor Serving (King, Peirce, & Snohomish counties)
📱Call or Text: 206-451-3771
📨Email: aaronmorrow@livinginthegreaterseattlearea.com
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This is my Intro to every Podcast and YouTube video 

This is my Outro to every Podcast and YouTube video 

Transcript

Speaker 1: 0:11

Hey everyone, it's Aaron Maro again and Brian Laflame again, the realtor and the lender got it. Washingtonian. Anyways, you got enough goofery with the intros here. You know what you've come here. You've come to listen to either real estate talk or you know what you did to come here.

Speaker 2: 0:28

Yeah, you know what you've done.

Speaker 1: 0:29

I even put out some posts to even warn you what this one is about. So, yeah, we're definitely going to talk about the Fed meeting. You know what this is all. Brian, this is a primarily Brian's going to be talking.

Speaker 2: 0:41

I'm making it all up. You guys have no idea what I'm talking about. Yeah, you have no idea.

Speaker 1: 0:44

No, yeah, I'm here to entertain. So, anyways, but again, yeah, aaron, maro, loper, rother, greater Seattle area, and on social media, this is being streamed everywhere. We got TikTok, instagram, youtube, facebook, linkedin. I love you, linkedin, peeps, and my clapper peeps Got you as well. So, yeah, reach out to us with any of your questions and comments engaged in the chat, about any questions you have about real estate that aren't even related to what we're going to be talking about here, but we definitely will be diving into this subject matter, Brian. What are we talking about today? I don't know.

Speaker 2: 1:13

I don't know we're talking about.

Speaker 2: 1:15

So the Fed had a federal open market committee meeting on the 31st or first the first.

Speaker 2: 1:21

And so what happens when they have the federal open market committee meeting so in January this is January's meeting I met for a couple of days come out and they issue a statement and the statement says where they're looking at monetary policy moving forward and they also will say whether or not they're going to raise, lower or keep the same the federal open market committee's target rate.

Speaker 2: 1:40

So we've gone over before what the federal funds rate is, and the federal funds rate is the overnight rate that banks line one to another or to the with the Fed and what's called the repo or the reverse repo markets. And so it's kind of the cost of short term money and the way that it affects mortgage rates. And why is? Because currently, for the past four years or so, since the pandemic which is, I mean, four years minus one month ago, it's crazy we, the Fed, a lot of the air. I'm going to keep going the Fed's federal funds rate and their quantitative easing or quantitative tightening has shown kind of where they see the market going into, what actions they're going to take.

Speaker 2: 2:15

So that's why the federal funds rate has been so forefront to mortgage interest rates for the past three or four years.

Speaker 1: 2:20

The.

Speaker 2: 2:20

Fed dropped it from one down to zero in March of 2020, at the very beginning of the pandemic, and then, in March of 2022, they gradually started raising their federal funds rate, and so now it's at 5.25 to 5. So they kept it the same. I don't have you here, and so I'm going to keep talking about this. What's super interesting to me stuff that might be boring to you guys, and so the important thing, though, was so that the FOMC, the federal market committee it was in the cards what they were going to do. They we knew that they were going to keep their rate the same. I don't know. We lost air, and so it's just me. We knew they're going to keep it the same, and what we wanted to see was what they said. They saw coming forward, and when they saw potential rate cuts, or maybe even an end, so they put a statement out. So it was very different than the one they had before, and we have a Facebook group for our professional real estate partners where we juxtapose last statement to this statement every time a new Fed statement comes up.

Speaker 2: 3:09

But the important part is then Chairman Powell, chairman of the Federal Reserve, has a press conference where he gives a prepared statement and then takes questions and answers and that's where the market really moves and the market moved very positively. Yesterday he had some more. You know, hey, we're not quite there where we want to be to start cutting interest rates, but a pause made sense. He said some things today or yesterday. He said we're not looking for a slide in employment but would cut rates if we saw some weakening, which made today's report non-farm payrolls report much more important than today's non-farm payroll report came in very strong. We added about 365,000 jobs and we were anticipating adding about 183,000.

Speaker 2: 3:47

The unemployment rate went down or stayed the same at 3.7,. We had expected to go up to 3.8. The big number was average earnings. Month over month increased by 0.6%. We had expected it to increase by 0.3%. So it was a two point. The numbers doubled expectations and the market sold off a lot. Let's see what that is. So that's what happened with the Fed today, guys. The yesterday market interest rates really rallied. We have rallied for the past two weeks. We've given up a lot of gains today on a very strong job report. If you ever want to look at what's probably going to happen in the mortgage interest rate market, if there's positive news in the economy, it's normally negative for rates or bonds. And if there's negative news in the economy, people normally will have a fight to safety, which means that they'll want to be in super low risk investments like Treasury bonds and mortgage backed securities. That will bring demand into that market and bring interest rates down. So for now, on the 10 year Treasury, which really closely-.

Speaker 1: 4:45

Brian and back. I think I had an issue with Instagram on our end.

Speaker 2: 4:50

So we talked about what the Fed had said. We talked about kind of the mechanics of what a Fed meeting looks like. We have the meeting, you have the statement and then you have the press conference. The chairman speaks on a prepared statement and then he takes questions and he was very what's called dovish. It could be hawkish or dovish, and dovish is more softer monetary policy In the market. It really reacted very well. There were a couple of big swings yesterday during the press conference, but we had a huge day and a lot of gains. And then I was saying the 10 year Treasury most closely tracks the mortgage interest rate market kind of move in tandem, a bit like a dog and a leash really. And so for the past week we've gone from 4.16 less Friday that was a yield on the 10 year Treasury All the way down to 3.84, was, I think, our bottom. Yesterday we had 3.86. And today, with a really positive, really strong jobs report, we're back up to 4.03.

Speaker 2: 5:42

So we have a real bad day today, real bad interest rate day today, but it comes in a little like we're playing with house money. You know, you've been winning and winning and winning and winning at the table for the past week and a half and rates have come down in and down and now you get a day where the market was kind of prepared I think it had gone down so dramatically it was kind of prepared to maybe take some profits, take a breath, and then this very, very strong jobs report through some gasoline on the fire. So I want to talk to you about what's kind of keeping interest rates down and keeping interest moving down as inflation continues to come down. That's going to be super important next week's, or when does it come out? Two weeks from now, consumer price index inflation report. The markets are going to be watching that after this jobs report. So we've had a good move down and I think we'll probably play, stay a little steady, waiting for that data to come in.

Speaker 2: 6:21

But what's kept interest rates down is supply and demand. So we have two things right now. We have the Treasury supply and what they call their refunding supply. So how many Treasuries are going to be putting on the market? They brought that number down by 50 billion, which had already come down by about 80 billion and what they projected, and so that rally because less supply coming on the market makes it more valuable. Of course there's less to add. We want to buy it more valuable.

Speaker 2: 6:43

Secondly, I think all the reverse repo market. So the reverse repo market is kind of like the Fed savings account and what happens with the federal funds rate is banks will either send collateral to the Fed to borrow money or they will send cash to the Fed to take collateral. So repo or reverse repo market to the buy or their sell. That's the biggest difference and that bank account, so to speak, has been draining quickly at the Fed. The reverse repo market looks like it's going to be around zero in that account by this summer. So we've gone down from, I think, about 2.4 trillion down to about 600 billion right now, which is not big numbers for Wall Street.

Speaker 2: 7:21

So, that means one of two things Either the Treasury is going to have to sell a lot more Treasuries and find a buyer, which means that interest rates will go up and I can't imagine interest rates will go up, as Janet Yellen, the Treasury Secretary, has been pretty clear that interest rates over 4% are untenable Ten-year Treasury yields over 4%, that's interest rates in the seven states for mortgages or the Fed is going to have to buy some of this collateral so we can have the reverse repo market running healthy again, and I think that's probably what's going to happen, which means that quantitative easing, quantitative tightening, will be over and quantitative easing will have started in some way have been underway in some way.

Speaker 2: 7:53

This is probably really boring, this is so exciting to me and I bet we have eyes glossed over I'm going to do a better job. I have charts and stuff, but on the podcast that doesn't really help. What you need to know is the supply in the Treasury market has started to come down and that's what's been sending the interest rates down, because you bid on it more, because there's more buyers and less assets to sell or to buy, excuse me and that's been driving interest rates down. And that happened after our real big run-up last year, when the debt ceiling was taken completely off in the summer last year and then we added $2 trillion in debt. We were downgraded by Fitch in our credit rating and we had a dearth of supply going into the market up until the spring when a couple of things happened. We got to 5% on the Tenure Treasury, excuse me. Up until the fall, we got to 5% on the Tenure Treasury, 8% on mortgage interest rates.

Speaker 2: 8:42

Janet Yellen came out and said, hey, this is too high, we can't. The amount of money that the American government spends on interest to service its debt is astronomical and just gets untenable as we get higher and higher in Treasury rates, because the Treasury is just an IOU. So it's the government saying, hey, iou money, you're going to give me money now and I'm going to give you money in the future with interest. I'm going to give you money from you and back me up with us, the taxpayer full faith and credit of the United States. And so the higher that interest rate goes, the less they're able. You know, the more money goes towards interest and the more that hurts our economy and I expect interest rates are gonna continue to head down. We had some interest rate predictions a couple of shows ago and I expect those to continue to play out. The market is moving like we thought it would. It had a little bit of an upward trend during January, but we got was too big of a deal.

Speaker 2: 9:25

And it turns out that it was in the first course and I think we're still really nicely within outside of that upward trend in interest rates. I don't think we headed headed appreciably back up, but there is always a chance something could happen. You know, there's a show that we're gonna do soon on the commercial banking crisis that is happening in our country right now and how that's probably going to affect interest rates as well.

Speaker 2: 9:47

So any questions in the chat about what the market is, how it's moving. Like we said, it's been moving the kind of the way that we expect it, even with the real rough jobs number today average earnings, doubled expectations and that really hurt us. Oh perfect, we came in at 353,000 jobs and we'd expect a 180. We also revised up last month's jobs report from 216 to 330 and November's, so we've had some revisions up where we hadn't had in the past. In the past we had the jobs number that was kind of killer really good jobs and then we'd revise them down in the future.

Speaker 2: 10:15

And you have people with their tinfoil hats say oh, it's a conspiracy by the government. They publish how the you could agree with the data or the way they collect the data where they don't, but they publish how they do it. No conspiracy, it's the same. They're super open with. This is how we, excuse me, click data on the dirt birth death rate of businesses and modeling, which is why there's revisions. This is how we get a business establishment survey and this is how we do a household survey. We call people in households and say are you working or you're looking for a job? We do modeling for businesses. For the most part, they're very open, the Bureau of Labor Statistics. But because this affects the market so much and we have so much attention when it doesn't go people's way they wanna say it's conspiracy from its line.

Speaker 2: 10:50

They just, you know, everybody needs a reason to not take responsibility, I think. Or if something doesn't work out the way that they want it to now in this world, we think it's not working out the way I want it to, then somebody must be against me.

Speaker 1: 11:01

Yeah, no totally Cool.

Speaker 2: 11:03

That's like an exhausting way to live. But the numbers came in hot. And even with hot numbers we still have a week over week pretty decent gain in the 10 year treasury.

Speaker 1: 11:12

Okay, okay. So what do you think that means? As far as cause, again, I got kicked out several times. Trying to fix the browser on my end with Instagram was my problem child with the browser.

Speaker 2: 11:23

You stop going to those websites with them and you don't have problems.

Speaker 1: 11:28

Well, I can't use Mozilla anymore. I'm gonna have to go back to Opera to host everyone on these multi-streamers. It's where it gets finicky when I'm trying to stream to, you know, seven different platforms at the same time. So when I got kicked out, did you speak on how Powell is basically like stating we're not increasing or decreasing right now. At the moment, we're just yeah, so we're sticking with.

Speaker 2: 11:51

So this is what he said, so I didn't get into this part of it.

Speaker 1: 11:54

Yeah.

Speaker 2: 11:54

So the Federal Open Mark Committee decided to keep rates the same. We went over a couple of podcasts ago maybe the last one before, the feds dot plot, where once a quarter the Fed publishes, where they see each member of the Federal Open Mark Committee publishes, where they see rates going into the future of the federal funds rate and they're anticipating three rate cuts this year. The market was at five, was at seven. Right, he's come down to five.

Speaker 2: 12:14

So he had said he the market moved really negatively when he had a statement that said we don't anticipate our first cut to be in March because the market had been expecting a March cut. But what he had said because he wanted to get inflation down to 2%, that's as mentioned by the PCE, personal consumption expenditures, and we've had six consecutive positive readings on PCE and we are down to two is now not a 2% but down in the twos. And so he said he had said that in a statement that they need better data. And so the market in the, in the, in the Fed statement, they said, hey, we need better, better inflation data and or more good inflation data will do and what the market took that, as is the fight against inflation, isn't done and they're going to continue to tighten and tighten and tighten and strangle hold the economy as much as they can.

Speaker 2: 12:58

He clarified yeah, the last six months have been really good. We need just more of that. We don't need better data. We continue to continue the good data, and the market swung up on that on that clarification of oh. So you're seeing the same thing. We're seeing that inflation is coming down, and it's coming down at a rate that is acceptable to all of us and it's coming down the way that you would want it to. From the statement that the federal market that you published before FET Pulse Press Conference, it sounded a bit like the data is not good enough. He said, no, we just need more. And so he said that about three or four times. We just need more good data. So we need to continue to follow this. We don't want to spike up an inflation like we had in the 80s, where you had a big spike of in the late 70s, came down and then spiked right back up.

Speaker 1: 13:34

We don't want that, right Okay.

Speaker 2: 13:36

So he said, hey, we need just more good data. We got six months. He said that three or four times and then finally somebody asked them and they said hey, in March we're going to have two more readings before you guys meet again, or two more inflation reports before you guys meet again. That'll be eight. You have six. You said that's not enough. You'll have eight by then. Is that going to be enough for you to cut rates? Like he just said, I need more. And people kept giving a pass on that, saying what does more mean?

Speaker 2: 13:54

Like right Six months now you're gonna be cutting in March If you have eight, he said. He of course he has to be can't give you a definitive statement other than he wants to stay at 2% inflation. He doesn't want to stay under it, he doesn't want to stay over it, he wants to say at 2% inflation as a better PC. So that was very positive of him saying, hey, we don't actually need jobs to falter for us to start cutting rates, Because that's a big thing. People have thought was what's what they can do?

Speaker 1: 14:17

there I mean that's good. Yeah, we don't need to cripple the economy before we start slashing on. Okay, yeah.

Speaker 2: 14:22

But he also said but if we do see jobs start to crack, then we will cut. So it was a really oh, so like it's like a it's like a he's yeah.

Speaker 1: 14:30

So he's definitely saying like, Okay, we're not going to have a nuclear option here, or like meaning like we're not gonna make, we're gonna not be that stubborn till it gets that bad. But for any reason, if unforeseen events happen, where we do see things like that happen, we're obviously going to take a product more proactive towards that.

Speaker 2: 14:52

Yep, yeah, he gave himself a bit of a like it's kind of the best answer you can think. You think we don't. Okay If not, because if he had said we're only going to start cutting if jobs start faltering, and then we got this jobs report, we didn't have a much worse reaction because this was a very strong job and we talked a bit about it. I don't know if you're on screen or not.

Speaker 2: 15:09

Negative news negative economic news is always good for mortgage interest rates and bonds because investors, in negative times they do a thing called flight to quality or flight to safety. They want lower risk, lower return. They don't want to lose their money, so they move money from equities or risk investments into bonds like mortgage securities and treasuries. So that's why, good economic news the stock market does well, the bond market not so. And then poor economic news normally the bond market does well, the stock market not so. That has been a little bit less true the past four years because of Fed intervention. So now it's really just Fed intervention trading.

Speaker 1: 15:39

Right, yeah, okay, well, that totally makes sense. Okay, that's good. Well then it doesn't sound like it's really doom and gloom, or interest rates going way back up into the 80s.

Speaker 2: 15:47

No, I think we have such a good reaction to this and I'm feeling pretty confident about the fact that we didn't break our downward. It went to me at the next two weeks are going to be super important.

Speaker 1: 15:54

Okay, sounds good. Brian, maybe give a reminder of everyone, since we have anyone that's watching back at this or anyone watching live where we're sitting right now, for I know there's a bunch of variables, but, like channel rates, where are we right?

Speaker 2: 16:07

now, yeah, when the mid to high sixes probably right now for most lenders, that'll cost you a point below seven, below seven guys. We are below seven Yep Tenure Treasuries, right now sitting at 4.03. It was 4.16 just a week ago, which is awesome. It did get down to 3.86. So yesterday, so we've given a lot back. That's okay. Okay, yeah, all right, man, anything else about the Fed you want to know?

Speaker 1: 16:28

I mean, that's my biggest takeaway is just knowing that we're not going back into a real estate apocalypse and the markets not crashing and people aren't losing their jobs left and right and people aren't becoming homeless left and right and you know all that good stuff, especially for our clients, our local clients that are looking to buy right now.

Speaker 1: 16:43

I know I will let you know it's getting crazier. So I'm starting to notice, like we talked about it last week, but I am starting to notice that bidding war activity pickup again had a client they've missed out on two offers where the reason why they didn't when the offer was they weren't willing to waive the inspection. Yeah, so now we're definitely going to have to start bringing pre-inspection back for that client strategy that you know, just because they came in highest and best with strong financing. But they just can't. You know the seller wants to go with a more sure thing with you know someone that might not come back to them with a proposal.

Speaker 2: 17:17

If I were a seller, I would want that too, if somebody's willing to do it as a buyer, I would also walk away.

Speaker 1: 17:22

Yeah, yeah, I get it and it's happening yeah.

Speaker 2: 17:26

We've had last month we had 52 people complete more jobs.

Speaker 1: 17:30

I saw that. So I saw your post here at 49. So you got three that snuck in there on the final night. Yeah, we got two. That's 52.

Speaker 2: 17:36

I really wanted to get that that is indicative in January, 52 people for our little team here. That's indicative of the demand that's in the market. I think so far in February we've gotten five or six. It's the second day of the month, like the buyers are out and moving and if you're watching this live stream you don't want to get passed by. So you have a single market shift.

Speaker 1: 17:54

No, that's fantastic. So I hosted one of my first home buyer webinars online, like I was talking to you, so I had a pretty decent turnout on that. You know 13 people showed up on that. But, yeah, I've been talking to a few people. I have a few calls scheduled today to talk to people from that. But one guy I talked to she moved from Illinois, so she's been living here for six months. She's a data analyst, you know banker. But I think just biggest thing is just figuring out if you know if she can qualify, because I think a lot of people that move over here are a little bit sticker shocked to not only how much rent cost but then also just how expensive buying houses are.

Speaker 2: 18:31

You know what I mean? Yeah, it is.

Speaker 1: 18:33

And telling people, that comparing the rent to like comparing the mortgage payment and the the rental payment, it's apples and oranges. Like it's a unicorn. If you can find a scenario over here where your rental payments the same as your mortgage, they just don't go hand in hand because you, next week, we're going to break down that. I love that. I love getting into the nitty gritty. We should break that down for home buyers and really show them what that is. It is not.

Speaker 2: 19:00

It is not the right time for everybody to purchase a house. They're not absolutely that it is the right time to look into purchasing a house for you. We absolutely that. Maybe it's yes, maybe it's no, but you'll know it. Sometimes renting is better, and when we break this down next week renting versus buying there'll be some times we're like, hey, this, this, in this situation, should probably rent a house. There's nothing wrong with it, it's just different. And so I'll do some screen share stuff too, so we can go over what that looks like.

Speaker 1: 19:21

If we get a good enough turnout, we might turn that into a webinar that we can start inviting people.

Speaker 2: 19:25

So yeah, thanks, but yeah no definitely let's.

Speaker 1: 19:28

Let's do that for our live next week. I had a few. I'm going to start doing this just since we're towards the end here. I'm gonna have too much to talk about and no one's commenting. Just kidding, but let me throw in some I wanted to show you, okay.

Speaker 2: 19:42

I'm just gonna show.

Speaker 1: 19:44

I'm gonna share some clips with you. This is from this. I'm gonna give credit where credit is you. This comes from a social media, instagram called homeowner memes. Here, let me see if I can, wasn't it?

Speaker 2: 19:54

Yeah, yeah, yeah, Okay.

Speaker 1: 19:56

so here's a couple you let me know if you relate to any of these.

Speaker 2: 20:02

Okay so this one yeah.

Speaker 1: 20:05

I can relate to this one.

Speaker 2: 20:14

My wife is incredibly handy and when she puts her mind in something she's fine doing it by herself, yeah. Yep, she's just like. I wanted to do this, so I did it.

Speaker 1: 20:25

First thing. So first thing that court did. When we moved into our house we had the. I will say because it's a matter of taste, but since it was built in 1980s it had the. All this, like the stripping and trim was the metal gold you know, so like yeah, yeah. So the first thing she did was rip out that metal and she's like I wonder how long it will take before we end up replacing the fluorine, because this is gone, you know.

Speaker 2: 20:47

We heard it right away, didn't?

Speaker 1: 20:48

you no, I think I saw.

Speaker 2: 20:50

No, no, but you heard. You heard what she was saying to you.

Speaker 1: 20:53

Oh yeah, definitely, definitely. And then I can relate to this one. This is really fun.

Speaker 2: 21:03

The weirdest anxiety I hated. Yeah, and I'll tell myself the night before if I don't put it out, I'll tell myself you're going to be up early and just take it out early. And then, for whatever reason like either the garbage truck comes earlier or my alarm I said, like my calculator set up my alarm, I don't know, but that sound when you know, and then you rush out and then they're at the next house, yep.

Speaker 1: 21:22

And you're like oh, I missed my shot. Especially so, like when you live in the neighborhood.

Speaker 2: 21:25

I'll take it across the street and just put it across the street at the neighbors.

Speaker 1: 21:27

Oh yeah, good idea.

Speaker 2: 21:28

Yeah, just put it in the no, I'll just throw in five bucks for their extra garbage fee that day.

Speaker 1: 21:32

Give them that extra fee. Yeah, I've had it. Well, I mean, in most areas in here they do it where you know the recycling in the compost is like on a rotation. So if you miss a, if you miss a recycling with all those Amazon boxes, you that's an apocalypse right there, you may as well go to the dump.

Speaker 1: 21:49

Yeah, you're, that's a dump run right there, that is a dump run. And then this is this is the final one. You know, I think agents are getting a little too creative with their real estate marketing that they're doing on Zillow oh my God, we're having a fire sale. Oh the burning. Oh, this isn't a fever, seeing Grant. Anyways, I, when I saw that, I was like, oh my gosh, are those the esteemed photos of that?

Speaker 2: 22:19

Is that the updated actual photos? We've got to move fast because this house definitely won't be in the middle.

Speaker 1: 22:23

It will not be on the market for long. Yeah, no, I need to look into what actually happens. But yeah, anyways, you guys, if you're interested, I'm going to put a link into the chat for you to check out that Instagram account. But I thought it was hilarious. To give credit where credit's due. Those are some good memes. But yeah, guys, thanks for coming to this live. Sorry, there was so many broadcast issues. I'm going to make sure that I'm using a more stable web browser next time, because Mozilla Firefox was not the way to go to some seven different broadcasts man jeez Louise.

Speaker 1: 22:49

Well thanks TikTok for showing up, flapper for showing up, instagram peeps, as always. Linkedin, all of y'all. Youtube, everyone. One thing here I've gotten a few different people asked They've checked out the YouTube playlist for past client video testimonies. I did put together a really quick sizzle reel for y'all so you can watch it real quick as we close this video out. So I'm going to throw that on this video.

Speaker 2: 23:15

Erin was so patient with us throughout the whole journey. Erin is full of energy, so I appreciate that too, so it was a great experience.

Speaker 1: 23:21

She's just a great guy, great agent and, like I said, investor friendly. The process with you was great. Thanks for all the great recommendations. It's been a great experience. We've had a lot of fun looking for homes and finally finding one with you. Erin's awesome, his team is on point and we definitely recommend that. You are a great host of the board. Thank you so much, ed.

Speaker 2: 23:37

Yeah, the thing I really appreciate about Erin is how much he accommodated us.

Speaker 1: 23:43

He's very customer service. He is oriented in answering all the questions that I have and it's just been such a smooth process Working with Erin has been amazing. As I know Erin, he's a fantastic person and did a wonderful job in finding this home for us I really recommend. If you need a real estate agent like, hit up Erin. It was great.

Speaker 1: 23:59

Yeah it was so helpful. All right guys. Well, thanks so much for coming. If you guys have any questions, please reach out to us. We'd love to chat with you about your home buying or selling goals. Even if it's nationwide, we'd love to help you. It's like who is that insurance company? I just thought nationwide.

Speaker 2: 24:16

Who is that insurance company that does stuff nationwide and they're on your side? I don't know.

Speaker 1: 24:20

I don't know, is it nationwide, anyways, guys, well, thanks so much for showing up Again. Erin Mara, greater Seattle Realtor, your friendly neighborhood social media Realtor, brian Laflame here. Paul, washington State and Oregon can help you with those loans and we can help you outside of the state as well, as long as you're in the United States. It gets a little bit more complicated when you're looking outside the US, but if you're a US peep, let us know and we'd love to help you out with buying real estate in the Greater United States, this US of A. Alright, guys talk to you later.