THE REAL ESTATE SESSIONS PODCAST
Episode 291:
Host: BILL RISSER
Guest: Dr. BRAD O'CONNOR
Episode Summary
Meet our guest in this episode, Dr. Brad O'Connor, Chief Economist at the Florida Association of Realtors, currently based in Orlando, Florida.
Live at the Florida Realtors Convention 2021 at the REBarCamp in Orlando, I sit with Brad, who grew up in Dayton, Ohio, and he expounds deeply on the real estate and housing markets. He shares his perspective on the economics surrounding the market over the years and how it relates to the pandemic and current trends.
Top Takeaways:
"Prices are rising very fast… but you've got to go a little deeper into why that's happening; prices don't always rise for the same reasons."
- [Dr. Brad O'Connor]
"The best thing you can do is read; read a lot."
- [Dr. Brad O'Connor]
Don't try to get there overnight; you're not going to
- [Dr. Brad O'Connor]
Episode Highlights:
[00:30] Intro to this live episode
[01:24] Meet today's guest "Dr. Brad O'Connor."
[03:20] Did you always plan to become an economist?
[07:20] Building the connection with Florida Realtors.
[10:10] What were you thinking would happen as the pandemic started on "March 20th, 2020"?
[13:10] Discussing the reasons for the current housing shortage.
[16:00] How long before the builders catch up with population growth?
[18:10] Comparing the current rise in home prices with a similar occurrence in 2005.
[23:56] What do you see in the next five years?
[26:32] What advice would you give a new agent?
[28:51] How to contact Dr. Brad.
[29:49] Outro
Episode Notes:
Brad shares he didn't particularly plan to become an economist but had several things he wanted to try out in college, which he did till he finally decided on Economics. After school, he knew he wanted to become an Economics professor. He later moved with his wife to Orlando when she got a job there, after which he got a job opportunity with the Florida Association of Realtors and is now the Chief Economist there.
Before the pandemic hit the U.S, Brad had started to prepare for the possible impact on
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