7.5 million babies born, 3.5 million marriages, 1.5 million divorces, all of that in the last 24 months. That’s statistics straight from Lawrence Yun, the Economist at the National Association of Realtors, who came here to the RAS Media leadership event the other day and did a presentation. Those were some statistics that he went over because he was pointing out that people cannot hold on forever. He actually joked and said, “Where is everyone going to put these babies, in their kitchen? Are they going to sleep in the kitchen?” The point that he was getting at was there will be movement.
This gridlock in the market will ease up. It can’t stay like this forever. That’s something that I’ve talked about many times. However, I will give you my own thoughts on that. It’s going to be a little while. I think you’ll see things loosen up a little bit more. You’ll see more action out of sellers by spring. I think it’ll get a little bit better in 2024, but it’s going to take some time. However, keep in mind, grow your audience, grow your sphere of influence, educate them, reign information on them because the more you do those things, the more business you will do.
Remember those statistics if you start getting yourself into a mental rut over the lack of inventory, lack of homes being listed, lack of business being done. 7.5 million babies born, 3.5 million marriages, 1.5 million divorces, just think about that folks. That’s in the last 24 months. You add those numbers up, you’re up around 12, 13 million. Only normally about 5 million homes a year or so. Just with those, there’s going to be a lot of pent-up demand. Keep that in mind. Keep at it, folks. From our nation’s capital in Washington, DC, I’m out. Have a great day. Got to go run a couple of miles before the event starts. I got to get back in there. Thanks, everybody. Happy home sale.
Becoming successful is a challenge. Staying successful is even more challenging. Why? Because people lose focus. My grandfather used to talk about this a lot. He used to talk about how once you start having some success at something, you have to stay focused.