Tuesday, September 25, 2007

My life as a realtor

Hi again! It's been a while. I'm finally getting organized in my new office space. I have 12 potential buyers and a new listing as you can tell. This market is the only market we have so we need to make the best of it. Right now in 84108 the average home on market time is 37 days. If your home has been on the market for longer you need to reevaluate your price.

At our office we are having a listing competition and I need your help. Call me if I can help you.

Till next time,


"The future you see is the future you get."
-- Robert G Allen, Business, Finance & Motivational Author

"If you want more, you have to require more from yourself."
-- Dr Phil, Motivational Author and Talk Show Host

"There are managers so preoccupied with their e-mail messages that they
never look up from their screens to see what's happening in the
nondigital world."
-- Mihaly Csikszentmihalyi, Professor of Psychology and Published Author

"Don't quack like a duck.. soar like an eagle."
-- Ken Blanchard, Business Author and Speaker

"If you want to live a happy life, tie it to a goal, not to people or
things."
-- Albert Einstein

"Happiness is not in the mere possession of money; it lies in the joy of
achievement, in the thrill of creative effort."
-- Franklin D. Roosevelt, President of The United States of America

"Discipline is the bridge between goals and accomplishment."
-- Jim Rohn, Author

Sep 18, 3:03 PM EDT

Federal Reserve Cuts Key Interest Rate

By MARTIN CRUTSINGER
AP Economics Writer





WASHINGTON (AP) -- The Federal Reserve cut a key interest rate for the first time in
four years, seeking with an aggressive half-point move to prevent a steep housing
slump and turbulent financial markets from triggering a recession.

The Fed announced Tuesday that it was reducing its target for the federal funds
rate, the interest that banks charge each other, from 5.25 percent to 4.75 percent.
The half-point reduction was double the quarter-point move that many economists had
been expecting.

The action was designed to boost economic growth by lowering borrowing costs for
millions of consumers and businesses. Commercial banks were expected to quickly
match the Fed's action by cutting their prime lending rate. The prime rate has been
at 8.25 percent for the past 15 months.

The Fed's action came in the midst of the worst slump in housing in 16 years. That
downturn has triggered record defaults in subprime mortgages and roiled financial
markets around the globe as investors have become worried about where the spreading
credit problems will next appear.

The financial market turmoil represents the first major test for Fed Chairman Ben
Bernanke, who took over from the venerable Alan Greenspan in February 2006.

In addition to cutting the federal funds rate by a half point, the central bank also
reduced its discount rate, the interest it charges in making direct loans to banks,
by a half-point as well.

The Fed had also cut the discount rate on Aug. 17 as it scrambled to respond to the
growing credit crisis.

In explaining its action Tuesday, the Fed said that "the tightening of credit
conditions has the potential to intensify the housing correction and to restrain
economic growth more generally."

Lee

"Let others lead small lives, but not you. Let others argue over small things, but
not you. Let others cry over small hurts, but not you. Let others leave their future
in someone else's hands, but not you."