Kenny Truong

▪️#TEAMFAST▪️EXP REALTY▪️DRE. 01861788

[Kenny Truong @fastagent]

The #TEAMFAST Zillow Flex Leadership team is fired up for Flex & UNLOCK next week!!! 💥

Can’t wait to connect with the best of the best across the nation.

Also… The Sphere called — it wanted a little #TEAMFAST energy 😎

#FASTRealEstate #ZillowFlex #Unlock2025 #GrowthMode

[Kenny Truong @fastagent]

@mattbaran Congrats!!

[Steve Harney @SteveHarney]

I know a lot of agents are struggling this year as transaction counts are down. But remember…your real estate business is like an Apple Store not a McDonalds.

What do I mean by that?

If there is a snow storm, many Americans will bunker down at home and wait for the storm to pass and the roads to be cleared. During that time, any store will do a lot less business if any at all. But, different stores will be impacted in dramatically different ways.

The local McDonalds will permanently lose any business they would have gotten during the storm. People will still eat breakfast, lunch and dinner…just at home.

On the other hand, the Apple Store won’t lose one sale. If someone needed an iPad, they will still buy one…just a few days later. The store just needs to be patient and prepare for the additional business that they’ll have for a few days after the storm.

Your real estate business is an Apple Store.
You will not lose one transaction.

You just need to do two things:

1.) Be patient and use whatever extra time you have right now to do some business planning or finally take the CE courses you have been putting off. Improve yourself and your business.

2.) Prepare for the time when “the snow melts” (mortgage rates drop, affordability improves, new listings increase). When that happens, the flood gates are going to open. You will need to be able to handle the business that normally would happen PLUS the pent-up business that will hit you like a tidal wave.

We can’t know for sure exactly when that will happen.
But, we do know for sure that it will.

Just reassuring…

[Lance Lambert @NewsLambert]

#NEW The Mortgage Bankers Association expects the 30-year fixed mortgage rate to average…

6.2% in Q4 2023
5.0% in Q4 2024
4.6% in Q4 2025

[Kenny Truong @fastagent]

@padigoodspeed 😍😍😍

[Odeta Kushi @odetakushi]

@scottf200 Here you go:
23.6% of mortgaged homes have a rate <= 3%
39.5% have a rate 3.01 - 4%
20.8% have a rate 4.01 - 5%
8.8% have a rate 5.01 - 6%
7.4% have a rate > 6%

[Amy Nixon @texasrunnerDFW]

2021: There’s a structural housing shortage. We didn’t build enough homes for millennials

2022: Oh really? Here’s a map of all the #Airbnb listings in LA area

[Kenny Truong @fastagent]

I just reserved my handle on Spill - a new Twitter alt that puts culture first. Grab yours now -> https://t.co/iCGLl1mfXp

[Kenny Truong @fastagent]

@retechruss @eXpRealty Thanks Russ!!!! Great seeing you yesterday!!

[Russell Smith @retechruss]

Visited my guy @fastagent’s office in Jack London Square today. Absolutely blown away by what he’s built at #FASTAGENT with @eXpRealty, but not the least bit surprised. Kenny has been grinding it out for over a decade and hard work pays off. Proud of you, bro! Keep it up!

[Kenny Truong @fastagent]

Just posted a photo @ Jack London Square https://t.co/TG8DyHIrfC

[Rick Palacios Jr. @RickPalaciosJr]

May homebuilder survey results published last week. Top themes: 1) Builder metrics quickly deteriorating across the board. 2) Price cuts on standing ‘speculative’ inventory accelerating. 3) Buyer incentives are back. Market commentary to follow…

[Glenn Sanford @ceoglenn]

Building a company with the right compensation model as well as opportunities for those involved influence culture more than focusing on culture. When people ask about your culture I think what they are really asking about is opportunity to grow and thrive.

[Glenn Sanford @ceoglenn]

In our #EarningsCall earlier today we noted that @eXpRealty's agent count in the US surpassed Remax's. In the US eXp Realty is now the third largest brand and single largest brokerage by agent count. $EXPI

[Sahil Bloom @SahilBloom]

Think Through Every Big Decision

We are told to methodically consider the pros and cons of every big decision in our lives.

As a result, many of us have decision paralysis.

With big decisions, you're actually better off making them fast—let your gut and instincts guide you.

[Sahil Bloom @SahilBloom]

You Have to Work Hard to Succeed

Hard work is important—but it's relative, not absolute.

In the Digital Age—when creative and inspired work stands out and is rewarded—what you work on is more important than how hard you work.

Play your game, not theirs.

You’ll play it better.

[Sahil Bloom @SahilBloom]

Life rules worth breaking:

[Dickie Bush 🚢 @dickiebush]

21 questions to reflect on as you end 2021:

[Kenny Truong @fastagent]

I'm starting my business! #cuttheribbon #legalzoom

[Trung Phan @TrungTPhan]

“I spend too much at Starbucks” is a legendary meme.

It's also not an accident: the coffee retailer -- worth $120B -- uses many psychological hacks in its store and menu designs to get you to drop more cash.

Here are 11 of them 🧵