Hungry Realtor Podcast - From Crisis to Mastery: Dr. Kareem Tannous’ Journey of Resilience and Succe

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From Crisis to Mastery: Dr. Kareem Tannous’

Journey of Resilience and Success

Insights from Michael Severns

In the latest episode of the Hungry Realtor Podcast, host Mike Severns sits down with a long-time friend and multifaceted professional, Dr. Kareem Tannous. Born and raised just outside Philadelphia, Dr. Tannous has an inspiring story that navigates through intense personal and professional upheavals, leading to profound growth and success.

Dr. Tannous, initially delving into the world of chemical engineering, soon realized his passion lay elsewhere. This revelation led him to the realms of real estate and mortgage, where he began his career in Conshohocken with Gateway Funding. His journey wasn't devoid of challenges; the 2008 financial crisis tested his resolve extensively, collapsing his business and necessitating a fresh start.

What followed was a transformative period of relentless pursuit of education. Dr. Tannous acquired a slew of degrees, including a Bachelor’s in Business, an MBA in Finance and Accounting, a Doctorate in International Business and a Master of Science in Applied Economics and Predictive Analytics. His commitment to education was not just about acquiring degrees but was a strategic move to rebuild his professional life on solid, indomitable knowledge.

In our candid discussion, Dr. Tannous emphasized the importance of education, not just formal but life-long learning, which helped him pivot his failures into stepping stones for success. Post-crisis, he kept his real estate and mortgage licenses active, which he believes was crucial in making a strong comeback in the industry.

Moreover, Dr. Tannous shared valuable insights into the real estate and mortgage markets, reflecting on the evolution of these sectors over the years. His approach combines rigorous academic knowledge with hands-on industry experience, offering listeners a unique perspective on navigating these fields effectively.

The podcast episode not only explores Dr. Tannous’ professional journey but also dives deep into personal philosophies that foster resilience. He discusses the mindset of viewing failures as learning opportunities and the significance of having a support system, emphasizing the importance of teamwork and community, values ingrained in him from his sports background.

Dr. Tannous’ story is a powerful testament to the resilience of the human spirit and the transformative power of education and persistence. His journey from the ashes of a financial crisis to academic and professional success provides not just inspiration but practical lessons for anyone looking to navigate the tumultuous waters of real estate and finance.

For more enriching discussions and expert insights, tune into the Hungry Realtor Podcast. Dr. Kareem Tannous' full interview offers a treasure trove of wisdom for aspiring professionals and seasoned practitioners alike in the real estate and financial sectors.

Weekly Snapshot for the week ending June 23, 2024:

List prices flat from last week. The median list price in the Mid-Atlantic region for the week ending June 23 was $425,000, unchanged from the previous week. List prices have eased week-over-week since the end of May, but prices are still 3.9% higher than a year ago. North Central Virginia is the only area with a lower median list price this week compared to the same week last year, showing a slight decrease of 0.2%.
Inventory growing at a steady pace. There were 33,590 active listings in the Bright MLS service area for this week, which was up 23.4% over the same week in 2023. Active listings have been increasing year-over-year every week since the week ending February 5.
More sellers are cutting their asking price. This week, 9.0% of active listings in the Bright MLS service area saw a price decrease, which is 1.6 percentage points greater than last year during the same week. With affordability remaining a challenge and supply steadily increasing, sellers in all metros are more likely to be dropping their asking price.

Keywords: seller's market, home buyers, real estate strategies, competitive offers, 2024 housing market, home buying tips, real estate trends, mortgage pre-approval, bidding wars, negotiation tactics, real estate agents.