Hi Guys! Hope you had a great Christmas. My wife and I just hung out at the house and watched movies and ate. I should have my closing today, I'm just waiting to hear from my lender about docs. I will soon have another listing to tell you about.
I will leave you with today's quotes and some stats on the market.
Till next time...
"Energy and persistence conquer all things."
-- Benjamin Franklin, Inventor
"Do not wait; the time will never be "just right." Start where you
stand, and work with whatever tools you may have at your command, and
better tools will be found as you go along."
-- Napoleon Hill, Writer
"Do what is right, not what you think the high headquarters wants or
what you think will make you look good."
-- Norman Schwarzkopf, General
"In a decisive set, confidence is the difference."
-- Chris Evert, Tennis Champion
"Every man dies. Not every man lives. The only limits to the
possibilities in your life tomorrow are the "buts" you use today."
-- Les Brown, Bandleader
"The two most powerful warriors are patience and time."
-- Leo Tolstoy, Author
"Obstacles cannot crush me. Every obstacle yields to stern resolve."
-- Leonardo da Vinci, Artist
"It doesn't matter where you are coming from. All that matters is where
you are going."
-- Brian Tracy, Author
The Top 10 best performing housing markets, according to Forbes magazine
* Salt Lake City - median home sales price: $246,700; Percent
change: 14.1 percent
* Charlotte, N.C. - $220,000, 11 percent
* San Jose, Calif. - $852,500, 9.4 percent
* San Francisco - $825,400, 8.6 percent
* Raleigh, N.C. - $229,500, 7.5 percent
* Austin - $188,200, 7.2 percent
* Pittsburgh - $127,700, 6.1 percent
* Seattle - $394,700, 6 percent
* San Antonio - $154,700, 5.7 percent
* Portland, Ore. - $299,700, 5.2 percent
Source: Forbes, Matt Woolsey (11/21/07)
Wednesday, December 26, 2007
Monday, December 24, 2007
My Life as a Realtor
Hi everybody, Merry Christmas! I hope everyone has a great Christmas and Happy New Year. My anniversary is New Years Eve. It will be 8 Years! Can you believe that? I should be closing today on one of my properties. I hope to have a few more deals in the coming weeks. I hope you will joining me on my quest to 50 Mill this year and help out where you can. I will leave you with your quotes and a few letters.
Again Have a great Holiday Season!!
"The greatest gift that you can give to others is the gift of
unconditional love and acceptance."
-- Brian Tracy, Author
"Whatever you dwell on in the conscious grows in your experience."
-- Brian Tracy, Author
"I have learned the novice can often see things that the expert
overlooks. All that is necessary is not to be afraid of making mistakes,
or of appearing naive."
-- Abraham Maslow, Psychologist
"A lot of people are afraid to tell the truth, to say no. That's where
toughness comes into play. Toughness is not being a bully. It's having
backbone."
-- Robert Kiyosaki, Motivational Speaker
"Those people who develop the ability to continuously acquire new and
better forms of knowledge that they can apply to their work and to their
lives will be the movers and shakers in our society for the indefinite
future."
-- Brian Tracy, Author
"Decisiveness is a characteristic of high-performing men and women.
Almost any decision is better than no decision at all."
-- Brian Tracy, Author
"I teach something called The Law of Probabilities, which says the more
things you try, the more likely one of them will work. The more books
you read, the more likely one of them will have an answer to a question
that could solve the major problems of your life.. make you wealthier,
solve a health problem, whatever it might be."
-- Jack Canfield, Success Coach
"If you can dream it, then you can achieve it. You will get all you want
in life if you help enough other people get what they want."
-- Zig Ziglar, Author
"It doesn't matter who you are, where you come from. The ability to
triumph begins with you. Always."
-- Oprah Winfrey, Talk Show Host
"Ingenuity - plus courage, plus work - equals miracles."
-- Bob Richards, Olympic Gold Medalist
Home prices nationwide posted their biggest drop in 16 years last month, according
to the National Association of Realtors.
But someone forgot to tell the folks in Salt Lake City. There, the median home sale
price jumped 21 percent in the second quarter this year, versus the same period last
year.
It's not that Salt Lake City is entirely immune to the national housing downturn. In
fact, new housing permits are down this year, and there is a glut of Macmansions,
says John Taylor, investment specialist at Commerce CRG, a unit of developer Cushman
& Wakefield. But with more people moving into the area, thanks in part to a
percolating job market, demand for affordable existing homes is still healthy, while
commercial construction is up 40 percent from last year. Apartment vacancy rates are
less than 2 percent, and longtime residents worry about a land grab from commercial
property investors flocking in from California and Las Vegas
"We are in the middle of a construction boom," says Taylor.
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky
Mountain states, parts of Texas, the Pacific Northwest and the Southeast. Other
markets defying the national meltdown include Beaumont-Port Arthur, Texas, Salem,
Ore., and Farmington, N.M.
What gives? For starters, these places missed the get-rich real-estate frenzy of
recent years, says Lawrence Yun, economist for the National Association of Realtors.
Prices aren't falling because they didn't rise that much to begin with. The median
price of a single-family home in Sarasota, Fla., in June was $311,000. Compare that
with $228,000 in Salem, which realized a 16.7 percent increase in property values in
the second quarter of 2007, versus the same time frame in 2006.
Yun believes states like New Mexico and Utah are finally, albeit belatedly, enjoying
the run-up in property prices that began in California and swept through Nevada in
the last few years.
According to Taylor, Salt Lake City has typically been more affordable than many
other parts of the nation, but as property prices fall in the rest of the country,
the gap has closed. In the second quarter of 2007, the national median existing
single-family home price was $223,800, down 1.5 percent from a year earlier. The
median price in Salt Lake City, however, is now up to $233,100.
Percolating local job markets get some of the credit. (In fact, the more resilient
property markets tend to be in places with above-average job growth.) Technology has
been a driver in booming real estate markets like Spokane, Wash., and Salem. Sales
and service sector jobs are revving up growth in Allentown, Pa.
Another factor: the sun. In a study predicting population growth through 2020,
Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between
Raleigh, N.C., and Atlanta as having the greatest potential for future growth
because of its long stretches of good weather. Americans are increasingly
prioritizing such quality of life factors in their decisions about where to live.
And where the people go, the job markets now follow. Also on the list: New Mexico,
Arizona, parts of Texas and Salt Lake City.
Of course, even in locations where home prices are still sizzling, there are no
guarantees that the current national housing slump won't creep into the
neighborhood. The devastating drop in real estate in parts of Florida, California
and Michigan have made potential homeowners skittish in general. A whole layer of
subprime borrowers are facing financial ruin and foreclosure. It's difficult to
envision a scenario that sees them rejoining the real estate market in a meaningful
way anytime soon.
Again Have a great Holiday Season!!
"The greatest gift that you can give to others is the gift of
unconditional love and acceptance."
-- Brian Tracy, Author
"Whatever you dwell on in the conscious grows in your experience."
-- Brian Tracy, Author
"I have learned the novice can often see things that the expert
overlooks. All that is necessary is not to be afraid of making mistakes,
or of appearing naive."
-- Abraham Maslow, Psychologist
"A lot of people are afraid to tell the truth, to say no. That's where
toughness comes into play. Toughness is not being a bully. It's having
backbone."
-- Robert Kiyosaki, Motivational Speaker
"Those people who develop the ability to continuously acquire new and
better forms of knowledge that they can apply to their work and to their
lives will be the movers and shakers in our society for the indefinite
future."
-- Brian Tracy, Author
"Decisiveness is a characteristic of high-performing men and women.
Almost any decision is better than no decision at all."
-- Brian Tracy, Author
"I teach something called The Law of Probabilities, which says the more
things you try, the more likely one of them will work. The more books
you read, the more likely one of them will have an answer to a question
that could solve the major problems of your life.. make you wealthier,
solve a health problem, whatever it might be."
-- Jack Canfield, Success Coach
"If you can dream it, then you can achieve it. You will get all you want
in life if you help enough other people get what they want."
-- Zig Ziglar, Author
"It doesn't matter who you are, where you come from. The ability to
triumph begins with you. Always."
-- Oprah Winfrey, Talk Show Host
"Ingenuity - plus courage, plus work - equals miracles."
-- Bob Richards, Olympic Gold Medalist
Home prices nationwide posted their biggest drop in 16 years last month, according
to the National Association of Realtors.
But someone forgot to tell the folks in Salt Lake City. There, the median home sale
price jumped 21 percent in the second quarter this year, versus the same period last
year.
It's not that Salt Lake City is entirely immune to the national housing downturn. In
fact, new housing permits are down this year, and there is a glut of Macmansions,
says John Taylor, investment specialist at Commerce CRG, a unit of developer Cushman
& Wakefield. But with more people moving into the area, thanks in part to a
percolating job market, demand for affordable existing homes is still healthy, while
commercial construction is up 40 percent from last year. Apartment vacancy rates are
less than 2 percent, and longtime residents worry about a land grab from commercial
property investors flocking in from California and Las Vegas
"We are in the middle of a construction boom," says Taylor.
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky
Mountain states, parts of Texas, the Pacific Northwest and the Southeast. Other
markets defying the national meltdown include Beaumont-Port Arthur, Texas, Salem,
Ore., and Farmington, N.M.
What gives? For starters, these places missed the get-rich real-estate frenzy of
recent years, says Lawrence Yun, economist for the National Association of Realtors.
Prices aren't falling because they didn't rise that much to begin with. The median
price of a single-family home in Sarasota, Fla., in June was $311,000. Compare that
with $228,000 in Salem, which realized a 16.7 percent increase in property values in
the second quarter of 2007, versus the same time frame in 2006.
Yun believes states like New Mexico and Utah are finally, albeit belatedly, enjoying
the run-up in property prices that began in California and swept through Nevada in
the last few years.
According to Taylor, Salt Lake City has typically been more affordable than many
other parts of the nation, but as property prices fall in the rest of the country,
the gap has closed. In the second quarter of 2007, the national median existing
single-family home price was $223,800, down 1.5 percent from a year earlier. The
median price in Salt Lake City, however, is now up to $233,100.
Percolating local job markets get some of the credit. (In fact, the more resilient
property markets tend to be in places with above-average job growth.) Technology has
been a driver in booming real estate markets like Spokane, Wash., and Salem. Sales
and service sector jobs are revving up growth in Allentown, Pa.
Another factor: the sun. In a study predicting population growth through 2020,
Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between
Raleigh, N.C., and Atlanta as having the greatest potential for future growth
because of its long stretches of good weather. Americans are increasingly
prioritizing such quality of life factors in their decisions about where to live.
And where the people go, the job markets now follow. Also on the list: New Mexico,
Arizona, parts of Texas and Salt Lake City.
Of course, even in locations where home prices are still sizzling, there are no
guarantees that the current national housing slump won't creep into the
neighborhood. The devastating drop in real estate in parts of Florida, California
and Michigan have made potential homeowners skittish in general. A whole layer of
subprime borrowers are facing financial ruin and foreclosure. It's difficult to
envision a scenario that sees them rejoining the real estate market in a meaningful
way anytime soon.
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