Death of the iPhone?

Tech with Ty

Author

Ty Morton
January 11, 2024

Tech with Ty.

 

🤖 [T]echnology: Death of the iPhone?
🎓 [E]ducation/Entertainment: Silver Tsunami
💪[C]oaching: Forget Everything You Know About Teams
📹 [H]ow To: Get Started with LinkedIn

[T]echnology:

The Consumer Electronics Show (CES) in Las Vegas is another one of my favorite times of the year. All kinds of nifty gadgets and tech are announced, which sends my Triple S (shiny shhhtufff syndrome) into overdrive. 🤪🤪🤪

This year is no different, and unsurprisingly, most of the headlines are for AI powered tech.

This cute little sucker really caught my eye.

This is the Rabbit R1, and it could replace my iPhone.

I never thought I’d say that, and it probably won’t actually happen, but the possibilities with this device are insane. 🤯

Instead of having an app store, it uses Large Action Models (AI to perform actions) like logging into sites like Uber and Spotify natively, so you really don’t need to download another app. 

But the coolest feature is its ability to learn. You can hop on your desktop and using your voice, train it to perform actions on any website.

My real estate brain immediately jumps to: could I train it to go to my website and search for specific criteria and text that to a client? I know I can automate that through most CRMs, but if I could do it on the fly with just my voice 🤯

Can I have it analyze my data sources and add a column to a spreadsheet with additional data (think sales, lead sources, agent production, trends, etc.)?

Can I use the camera to identify potential inspection issues? It can currently create a recipe by taking a photo of what’s in your fridge, so this isn’t outside the realm of possibilities.

This is a truly revolutionary product. 

As the founder mentions, the smartphone hasn’t changed in more than a decade…until now. 📱

I do wish that you could use this as an app on my existing iPhone and still have access to all of the features and functionality…the hardware specs on the iPhone are just better, and I wouldn’t have to carry around two devices, but I digress.

However, I have a feeling we’re going to see some significant upgrades to Siri and Google Assistant VERY soon.

I almost pulled the trigger on purchasing this yesterday, but now they’re sold out.

Stay tuned; I’ll cave in and get one soon! 🤞

[E]ducation:

Is a Silver Tsunami coming?

Last month, the Oracle as some call her, Meredith Whitney, said that a Silver Tsunami of of home sellers may be on the horizon. 

So, wtf is a silver tsunami? 🪙 

10,000 people a day turning 65. 

By 2030, the entire baby boomer population or generation will be over 65. That’s more than 21% of the population and more people over 65 than under 18.

Some additional quick stats for you: ⬇️⬇️

  • Over 74% of homeowners are over 50. 

  • AARP estimates that 51% of people over 50 downsized their home.

  • Just half of that means 30 million homes that should be coming on the market.

  • Our peak in the US was in 2005, with around 7 million home sales. 

This would be an absolute FLOOD of housing available in the US and destroy the demand, causing prices to plummet.

Meredith also talks about how the US economy is remapping itself regionally, with growth in areas like Texas and Florida, Utah, Colorado, and South Carolina because of economic opportunity and job creation in those states and less in New York, New Jersey, Pennsylvania, Ohio, and Illinois.

So, who do you believe? What do you believe?

I always take analysts with a grain of salt 🧂; they’re always right until they’re not. 

Zillow agrees it will be regional but says the South, Midwest, and Great Lakes regions are expected to thrive compared to the rest of the U.S. because of their relative affordability.

Quasi combining this data, it’s important to consider where these soon-to-be seniors will be moving from. These are areas that aren’t getting much attention from builders.

Real estate is regional…always has been.

Will you see a wave in some areas, of course, but we’ve still got a ton of millennials, Gen X and Z looking to move. Maybe the Silver Tsunami will turn into a cool place to surf 😉

[C]oaching:

I’ve followed Eric Hatch for quite some time. I even hired his company at some point to utilize their follow-up templates and scripts. 

Eric is what I consider a sales genius. 🧠 

He knows what to say and how to say it. He has sold over 7,000 homes and built a mega team, coaching company, and ISA company.

I saw a recent interview Andrew Bayon (who I’ve mentioned before), who is also brilliant. Eric basically says if he was going to start over, this is how he’d build a team in 2024: ⬇️⬇️ 

Throw out everything you’ve ever known. 🗑️

I’m not saying it’s perfect or right for everyone, but the model makes sense, and it’s one of those things that makes you go “hmm”.  

Watch the 9-minute video above, and if it tickles your fancy, check out the full interview.

[H]ow To:

I’ve talked about LinkedIn here many times before. The reason to be present on LinkedIn is pretty obvious. This is where people are going to network, find new jobs, post professional achievements or any other big life events. 👔 

What follows most of these? Moving. 📦  

If you didn’t already know, LinkedIn has a cool newsletter feature. As the author of a LinkedIn newsletter, you get to write about a topic that relates to whatever it is that you do. Members can then subscribe to your newsletter to receive updates on when you publish something new. However, anyone can read, share or discover your newsletter, they don’t have to be subscribed.  

To create a LinkedIn newsletter, just follow these simple steps. 

You can have up to five newsletters for free at a time, but, you do have to have creator mode turned on. 

They have recently announced some new tools ⚒️ you can use while creating newsletters. Some of the new tools include enhanced analytics, duplicating an article draft, and an improved article preview. 

Why is this relevant to you? ⬇️⬇️⬇️ 

I think this would be a brilliant way to provide insightful updates on our industry. Post monthly or even weekly market update newsletters both localized and generally. Become the person that is the professional face of real estate. I can tell you right now, at least in our area, I don’t see our agents using LinkedIn. Your competition is low 📉, and it would be easy to break through and become the main source of real estate information. 

One last piece of advice, the audience on LinkedIn are all working professionals. Keep this in mind because they typically don’t have time ⏰ to read a two page market update. Keep it short and sweet people. 🍬

Listen past Tech with Ty here. ⬇️⬇️

Visit AgentAfterHours.com for more information and the latest real estate technology, education, coaching, and how to guides.

-Ty Morton