Last week, I had the honor of attending and presenting at the Inman Connect Conference in NYC. Inman is a gathering of the crème de la crème in real estate. It is where the CEOs of Zillow & Redfin, pioneering tech entrepreneurs, social media gurus and the most distinguished brokers and agents in the world take the stage to share their wisdoms and challenge the norms. It is where the elephant in the room is invited into the conversation and is the FOCUS of the conversation. That’s why I love it.
THE ELEPHANT IN THE ROOM THIS YEAR WAS UNCERTAINTY
A lot of us are all feeling it, right? Whether it relates to real estate, the economy, life changes and more. I think it’s fair to say that most people are stepping into 2023 with some degree of caution. Some might even feel paralyzed by uncertainty.
BELOW ARE 3 TIPS THAT WORK FOR ME WHEN FACING UNCERTAINTY
1. GET INFORMED
Information empowers us. It takes the mystery out of the unknown. It can seem scary to face the facts but once looked at we gain confidence. When it comes to real estate, the media is one source of information but I choose to tune that out and tune into those sources deep in the real estate trenches.
WHAT ARE SOME OF THE INMAN SOOTHSAYERS PREDICTING FOR 2023?
- “A 10% price decrease would balance the market in a very nice way. But I don’t think it’s going to happen because we have record low inventory in the majority of our markets. With inventory low and more buyers coming back why would prices go down?” Robert Reffkin, CEO Compass
- “Based on increased activity in recent weeks, there is a lot of optimism of the renewed activity (buyers buying) so I think that 2023 is going to be much better than we all think and much better than what the media is selling us.” Tamir Poleg, CEO Real
- “My prediction is that I think we are going to see home price depreciation this year and that should offset some of the cost of buying a home.” Nate Levin, Managing Director Parker98
- “I do think there’s a high level of uncertainty but I feel cautiously optimistic.” Chen Zhao, Senior Manager of Economics at Redfin
2. GET INSPIRED
Hanging out with people who light our inner fire is essential when we feel uncertain. My Inman tribe does this for me. This helps us get out of our head and into our heart where inspiration lives.
3. HAVE A STRATEGY
My personal strategy in 2023 is to GO DEEP NOT WIDE. I plan on diving deep into the uncertainty to find the hidden jewels. Deeper connections. Deeper insights. Deeper commitment in work and life.
Let’s face the uncertainty and redefine it as opportunity! There is opportunity in every real estate market as well as every experience. We need to look for it. I will leave you with some Inman Wisdoms that inspired me.
” IF IT DOESN’T CHALLENGE YOU, IT WON’T CHANGE YOU”
~Katie Lance of Katie Lance Consulting
“WHAT WORKS IS WHAT YOU COMMIT TO”
~Jon Cheplak of Jon Cheplak Coaching
“LUCK IS A FORM OF INTELLIGENCE.
THE ABILITY TO IDENTIFY AN OPPORTUNITY AND FOLLOW IT”
~Sherry Chris, CEO of Anywhere Expansion Brands Portfolio
ONWARD AND UPWARD!!!
WE ARE HERE TO HELP YOU NAVIGATE THE UNCERTAINTY OF 2023