Kenny Truong

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

@mattbaran Congrats!!

I’m very happy to announce that three of our projects have been selected as finalists in this years AIAEB Design Awards. One in each category: Small, Medium and Large. They are: Arthaus Six affordable by design housing with Riaz Capital, CROP Campus for formerly incarcerated individuals, with Bob Richarson, and ‘Khane’, designed and developed with ROBABEH

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…

#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

@padigoodspeed 😍😍😍

submitting an offer on this lot in FL, wish me luck! I think it’s perfect.

@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%

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

I just reserved my handle on Spill - a new Twitter alt that puts culture first. Grab yours now -> spill-app.com

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

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!

Just posted a photo @ Jack London Square instagram.com/p/CezivxYPDkw/…

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…

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.

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

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.

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.

Life rules worth breaking:

21 questions to reflect on as you end 2021:

I'm starting my business! #cuttheribbon #legalzoom

“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 🧵