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PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Mid-Year Update: Real Estate Leader Brian Buffini Addresses Where 2021 Housing Market is Going

June 28, 2021 GMT
Brian Buffini, founder and chairman of Buffini & Company, presents his annual Bold Predictions Mid-Year Update broadcast with National Association of REALTORS® Chief Economist, Dr. Lawrence Yun.
Brian Buffini, founder and chairman of Buffini & Company, presents his annual Bold Predictions Mid-Year Update broadcast with National Association of REALTORS® Chief Economist, Dr. Lawrence Yun.

CARLSBAD, Calif., June 28, 2021 (GLOBE NEWSWIRE) -- In his annual Bold Predictions Mid-Year Update broadcast, real estate legend Brian Buffini addressed the question on everyone’s mind: “Where is this hot real estate market going?”

“Google searches asking about a real estate market crash shot up exponentially in the past few months,” stated Brian Buffini, founder and chairman of Buffini & Company. “The truth is that this is not a bubble, and although the housing market is hot, low interest rates, fixed mortgages, increased homeowner equity and a shortage of inventory are keeping it on solid ground.” 

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Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®, joined Buffini for the broadcast, echoing his conclusions. He explained that as new home construction increases, prices are expected to cool temporarily in the United States, with high buyer demand preventing any persistent decline.

“You have an army of homebuyers who want a second-chance opportunity,” explained Yun. “They are frustrated they cannot get into the market, but if prices decline, they are ready to move in.”

Also in the broadcast, Buffini revealed a major shift in the state of the real estate agent — market activity might be rising, but agent production is declining. Data from the NAR shows agent income and transactions have decreased. At the same time, new agents are dropping out of the business in their first couple of years. Buffini said that in order for agents to get back on track, they must invest in real estate training and coaching that helps them develop and maintain solid skills.

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“In real estate, it’s the skills that pay the bills,” Buffini said. “Buffini & Company members make approximately $310,000 — that’s nearly 10 times what the national average agent makes. Our members are receiving industry-leading coaching and training that helps them refine their skills and exceed their income goals in any market.”

Year after year, tens of thousands of people tune into watch “Brian Buffini’s Bold Predictions,” which has become one of the most highly anticipated broadcasts in the industry. Buffini’s next Bold Predictions broadcast drops in December with a preview of the 2022 real estate market. His track record has been remarkable; among other events, he predicted the Great Recession, the impending automation of the industry and the inventory shortage. If you are involved in the real estate industry, own a home or know someone who is looking to buy, this broadcast is a must-watch.

Watch Brian Buffini’s Bold Predictions Mid-Year Update online: www.buffiniandcompany.com/bold2021midyear.

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About Buffini & Company

Buffini & Company is the largest coaching and training company in North America. Founded by real estate legend and master motivator Brian Buffini, the company provides a unique and highly-effective lead generation system. Buffini & Company’s comprehensive business coaching, training programs and cutting-edge content have helped more than 3 million professionals in 41 countries improve their business, increase net profit and enhance their quality of life. Buffini & Company is headquartered in Carlsbad, California. For more information, please email media@buffiniandcompany.com.

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Courtney Klepsch, Director of Marketing Content & Communication Buffini & Company (760) 827-2101 x2149 media@buffiniandcompany.com