"Self-respect is the fruit of discipline; and the sense of dignity grows with the ability to say not to oneself."
Abraham Joshua Heschel, Leading Jewish theologian of the 20th century
"Worry often gives a small thing a great shadow."
Swedish Proverb
"If you would hit the mark, you must aim a little above it; every arrow that files feels the attraction of earth."
Henry Wadsworth Longfellow, author
"Ideas are a dime a dozen. People who implement them are priceless."
Mary Kay Ash, Entrepreneur
"Courage is not limited to the battlefield. The real tests of courage are much quieter. They are the inner tests, like enduring pain when the room is empty or standing alone when you're misunderstood."
Charles Swindoll
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Showing posts with label quote. Show all posts
Showing posts with label quote. Show all posts
Wednesday, November 16, 2011
Monday, November 14, 2011
Daily Quotes November 14, 2011!
"You can't build a reputation on what you're going to do."
Henry Ford, Founder of the Ford Motor Company
"Vision without action is a daydream. Action without vision is a nightmare.
Japanese Proverb
"The ability to simplify means to eliminate the unnecessary so that the necessary may speak."
Hans Hoffmann
"Knowing is not enough; we must apply. Wishing is not enough; we must do."
Johann Wolfgang Von Goethe, Author
"Envisioning the end is enough to put the means in motion."
Dorothea Brande, Writer
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Henry Ford, Founder of the Ford Motor Company
"Vision without action is a daydream. Action without vision is a nightmare.
Japanese Proverb
"The ability to simplify means to eliminate the unnecessary so that the necessary may speak."
Hans Hoffmann
"Knowing is not enough; we must apply. Wishing is not enough; we must do."
Johann Wolfgang Von Goethe, Author
"Envisioning the end is enough to put the means in motion."
Dorothea Brande, Writer
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Tuesday, November 8, 2011
Daily Quotes November 8, 2011!
"As I grow older, I pay less attention to what men say. I just watch what they do."
Andrew Carnegie, Industrialist
"Do the thing you fear, and the death of fear is certain."
Ralph Waldo Emerson, Poet
"Just as iron rusts from disuse, even so does inaction spoil the intellect."
Leonardo da Vinci, Artist
"Faith is taking the first step even when you don't see the staircase."
Martin Luther King, Jr., civil rights leader
"The miracle is this - the more we share, the more we have."
Leonard Nimoy, Actor
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Andrew Carnegie, Industrialist
"Do the thing you fear, and the death of fear is certain."
Ralph Waldo Emerson, Poet
"Just as iron rusts from disuse, even so does inaction spoil the intellect."
Leonardo da Vinci, Artist
"Faith is taking the first step even when you don't see the staircase."
Martin Luther King, Jr., civil rights leader
"The miracle is this - the more we share, the more we have."
Leonard Nimoy, Actor
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Monday, November 7, 2011
Daily Quotes November 7, 2011!
"A journey of a thousand miles begins with a single step."
Chinese Proverb
"Life begins when you do."
Hugh Downs, American Broadcaster
"You'll always miss 100% of the shots you don't take."
Wayne Gretzky, Hockey Player
"The key is not to prioritize what is on the schedule, but to schedule your priorities."
Stephen Covey, Author and Speaker
"Luck is what happens when preparation meets opportunity."
Darrell Royal
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Chinese Proverb
"Life begins when you do."
Hugh Downs, American Broadcaster
"You'll always miss 100% of the shots you don't take."
Wayne Gretzky, Hockey Player
"The key is not to prioritize what is on the schedule, but to schedule your priorities."
Stephen Covey, Author and Speaker
"Luck is what happens when preparation meets opportunity."
Darrell Royal
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Monday, October 31, 2011
Daily Quotes October 31, 2011!
"When nothing seems to help, I go and look at a stone-cutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it - but all that had gone before."
Jacob Riis, Photographer and Journalist
"Very often a change of self is needed more than a change of scene."
Arthur Christopher Benson, British Authorhttp://www.blogger.com/img/blank.gif
"Nothing in life is more important than the ability to communicate effectively."
Gerald R. Ford, 38th President of the United States and Mason
"Until we can manage time, we can manage nothing else."
Peter F. Drucker, Author and Management Expert
"Samson killed a thousand men with the jaw bone of an ass. That many sales are killed every day with the same weapon."
Anonymous
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Jacob Riis, Photographer and Journalist
"Very often a change of self is needed more than a change of scene."
Arthur Christopher Benson, British Authorhttp://www.blogger.com/img/blank.gif
"Nothing in life is more important than the ability to communicate effectively."
Gerald R. Ford, 38th President of the United States and Mason
"Until we can manage time, we can manage nothing else."
Peter F. Drucker, Author and Management Expert
"Samson killed a thousand men with the jaw bone of an ass. That many sales are killed every day with the same weapon."
Anonymous
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Friday, October 28, 2011
Daily Quotes October 28, 2011!
"As you simplify your life, the laws of the universe will be simpler; solitude will not be solitude, poverty will not be poverty, nor weakness weakness."
Henry David Thoreau, Author, Philosopher
"Pretend that every single person you meet has a sign around his or her neck that says, "Make me feel important." Not only will you succeed in sales, you will succeed in life." http://www.blogger.com/img/blank.gif
Mary Kay Ash, Entrepreneur
"The bad news is time flies. The good news is you're the pilot."
Michael Altshuler
"Purpose and laughter are the twins that must not separate. Each is empty without the other."
Robert K. Greenleaf
"Life is 10 percent what you make it, and 90 percent how you take it. "
Irving Berlin, American Composer and Lyricist
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Henry David Thoreau, Author, Philosopher
"Pretend that every single person you meet has a sign around his or her neck that says, "Make me feel important." Not only will you succeed in sales, you will succeed in life." http://www.blogger.com/img/blank.gif
Mary Kay Ash, Entrepreneur
"The bad news is time flies. The good news is you're the pilot."
Michael Altshuler
"Purpose and laughter are the twins that must not separate. Each is empty without the other."
Robert K. Greenleaf
"Life is 10 percent what you make it, and 90 percent how you take it. "
Irving Berlin, American Composer and Lyricist
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Thursday, October 27, 2011
Daily Quotes October 27, 2011!
"If you can give your son or daughter only one gift, let it be enthusiasm."
Bruce Barton, Executive
"Confidence and enthusiasm are the greatest sales producers in any kind of economy."
O. B. Smith
"Either write something worth reading or do something worth writing."
Benjamin Franklin, Inventor, Statesman, Mason
"Thought is the original source of all wealth, all success, all material gain, all great discoveries and inventions, and of all achievement."
Claude M. Bristol, Author
"People die of fright and live of confidence."
-- Henry David Thoreau, Author, Philosopher
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Bruce Barton, Executive
"Confidence and enthusiasm are the greatest sales producers in any kind of economy."
O. B. Smith
"Either write something worth reading or do something worth writing."
Benjamin Franklin, Inventor, Statesman, Mason
"Thought is the original source of all wealth, all success, all material gain, all great discoveries and inventions, and of all achievement."
Claude M. Bristol, Author
"People die of fright and live of confidence."
-- Henry David Thoreau, Author, Philosopher
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Tuesday, October 25, 2011
Daily Quotes October 25, 2011!
"In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it."
Robert Heinlein, American Novelist
"You miss 100% of the shots you never take."
Wayne Gretzky, Hockey Great
"A man does what he must; in spite of personal consequences, in spite of obstacles and dangers and pressures."
John Kennedy, 35th U.S. President
"It is not the employer who pays wages; he only handles the money. It is the product that pays wages."
Henry Ford, Industrialist
"We must take change by the hand or rest assuredly, change will take us by the throat."
Winston Churchill, Former British prime minister
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Robert Heinlein, American Novelist
"You miss 100% of the shots you never take."
Wayne Gretzky, Hockey Great
"A man does what he must; in spite of personal consequences, in spite of obstacles and dangers and pressures."
John Kennedy, 35th U.S. President
"It is not the employer who pays wages; he only handles the money. It is the product that pays wages."
Henry Ford, Industrialist
"We must take change by the hand or rest assuredly, change will take us by the throat."
Winston Churchill, Former British prime minister
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Monday, October 24, 2011
Daily Quotes October 24, 2011!
"Difficulties in life are intended to make us better not bitter."
Dan Reeves, Football Coach
"Tomorrow is the most important thing in life. Comes in to us at midnight very clean. It's perfect when it arrives and it puts itself in our hands, and hopes we've learned something from yesterday."
John Wayne, Actor
"Fortune favors the audacious."
Desiderius Erasmus, Theologian
http://www.blogger.com/img/blank.gif
"We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons."
Jim Rohn, Motivational Coach
"In the absence of clearly-defined goals, we become strangely loyal to
performing daily trivia until ultimately we become enslaved by it."
Robert Heinlein, American Novelist
"In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it."
Robert Heinlein, American Novelist
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Dan Reeves, Football Coach
"Tomorrow is the most important thing in life. Comes in to us at midnight very clean. It's perfect when it arrives and it puts itself in our hands, and hopes we've learned something from yesterday."
John Wayne, Actor
"Fortune favors the audacious."
Desiderius Erasmus, Theologian
http://www.blogger.com/img/blank.gif
"We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons."
Jim Rohn, Motivational Coach
"In the absence of clearly-defined goals, we become strangely loyal to
performing daily trivia until ultimately we become enslaved by it."
Robert Heinlein, American Novelist
"In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it."
Robert Heinlein, American Novelist
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Monday, April 25, 2011
Daily Quotes April 25, 2011!
Daily Quotes April 25, 2011!
"If we had to point out one single notion that is calculated to damage
industrial performance... it is the idea that profit is somehow wrong. "
-- Margaret Thatcher
"Hope doesn't come from calculating whether the good news is winning out
over the bad. It's simply a choice to take action."
-- Anna Lappe, Writer
"Character cannot be developed in ease and quiet. Only through
experience of trial and suffering can the soul be strengthened, ambition
inspired and success achieved."
-- Helen Keller, lecturer
"The world is more malleable than you think, and it's waiting for you to
hammer it into shape. "
-- Bono, musician
"Great hopes make everything great possible."
-- Benjamin Franklin, Statesman
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"If we had to point out one single notion that is calculated to damage
industrial performance... it is the idea that profit is somehow wrong. "
-- Margaret Thatcher
"Hope doesn't come from calculating whether the good news is winning out
over the bad. It's simply a choice to take action."
-- Anna Lappe, Writer
"Character cannot be developed in ease and quiet. Only through
experience of trial and suffering can the soul be strengthened, ambition
inspired and success achieved."
-- Helen Keller, lecturer
"The world is more malleable than you think, and it's waiting for you to
hammer it into shape. "
-- Bono, musician
"Great hopes make everything great possible."
-- Benjamin Franklin, Statesman
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Wednesday, April 20, 2011
Daily Quotes April 20, 2011!
Daily Quotes April 20, 2011!
"You do not succeed because you do not know what you want or you don't
want it intensely enough."
-- Frank Crane, Minister
"Character is the ability to carry out a good resolution long after the
excitement of the moment has passed."
-- Cavett Robert
"We must look for the opportunity in every difficulty instead of being
paralyzed at the thought of the difficulty in every opportunity."
-- Walter E. Cole, Korean War Hero
"The true measure of a career is to be able to be content, even proud,
that you succeeded through your own endeavors without leaving a trail of
casualties in your wake."
-- Alan Greenspan, economist
"Any fool can make things bigger, more complex and more violent. It
takes a touch of genius - and a lot of courage - to move in the opposite
direction."
-- Albert Einstein, scientist
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"You do not succeed because you do not know what you want or you don't
want it intensely enough."
-- Frank Crane, Minister
"Character is the ability to carry out a good resolution long after the
excitement of the moment has passed."
-- Cavett Robert
"We must look for the opportunity in every difficulty instead of being
paralyzed at the thought of the difficulty in every opportunity."
-- Walter E. Cole, Korean War Hero
"The true measure of a career is to be able to be content, even proud,
that you succeeded through your own endeavors without leaving a trail of
casualties in your wake."
-- Alan Greenspan, economist
"Any fool can make things bigger, more complex and more violent. It
takes a touch of genius - and a lot of courage - to move in the opposite
direction."
-- Albert Einstein, scientist
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Friday, April 15, 2011
Daily Quotes April 15, 2011!
Daily Quotes April 15, 2011!
"A man watches his pear tree, day after day, impatient for the ripening of the fruit. Let him attempt to force the process, and he may spoil both the fruit and tree. But let him patiently wait, and the ripe pear, at length, falls into his lap."
-- Abraham Lincoln, 16th President of the United States
"My father taught me that reputation, not money, was the most important thing in the world."
-- William Rosenberg, Dunkin Donuts founder
"I really do think that any deep crisis is an opportunity to make your life extraordinary in some way."
-- Martha Beck, Author
"When you find yourself stressed, ask yourself one question: Will this matter five years from now? If yes, then do something about the situation. If no, then let it go."
-- Catherine Pulsifer, writer
"Luck is the sense to recognize an opportunity and the ability to take advantage of it."
-- Samuel Goldwyn, entertainment executive
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"A man watches his pear tree, day after day, impatient for the ripening of the fruit. Let him attempt to force the process, and he may spoil both the fruit and tree. But let him patiently wait, and the ripe pear, at length, falls into his lap."
-- Abraham Lincoln, 16th President of the United States
"My father taught me that reputation, not money, was the most important thing in the world."
-- William Rosenberg, Dunkin Donuts founder
"I really do think that any deep crisis is an opportunity to make your life extraordinary in some way."
-- Martha Beck, Author
"When you find yourself stressed, ask yourself one question: Will this matter five years from now? If yes, then do something about the situation. If no, then let it go."
-- Catherine Pulsifer, writer
"Luck is the sense to recognize an opportunity and the ability to take advantage of it."
-- Samuel Goldwyn, entertainment executive
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Monday, April 11, 2011
Daily Quotes April 11, 2011!
Daily Quotes April 11, 2011!
"If I had to select one quality, one personal characteristic that I regard as being most highly correlated with success, whatever the field, I would pick the trait of persistence."
-- Richard DeVos, Amway Co-founder
"As for worrying about what other people might think - forget it. They aren't concerned about you. They're too busy worrying about what you and other people think of them."
-- Michael le Boeuf
"Mickey Mouse popped out of my mind onto a drawing pad... when the business fortunes of my brother Roy and myself were at their lowest ebb and disaster seemed right around the corner."
-- Walt Disney, producer
"You can't do it unless you can imagine it."
-- George Lucas, director
"A successful man is one who can lay a firm foundation with the bricks other have thrown at him."
-- David Brinkley, newscaster
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"If I had to select one quality, one personal characteristic that I regard as being most highly correlated with success, whatever the field, I would pick the trait of persistence."
-- Richard DeVos, Amway Co-founder
"As for worrying about what other people might think - forget it. They aren't concerned about you. They're too busy worrying about what you and other people think of them."
-- Michael le Boeuf
"Mickey Mouse popped out of my mind onto a drawing pad... when the business fortunes of my brother Roy and myself were at their lowest ebb and disaster seemed right around the corner."
-- Walt Disney, producer
"You can't do it unless you can imagine it."
-- George Lucas, director
"A successful man is one who can lay a firm foundation with the bricks other have thrown at him."
-- David Brinkley, newscaster
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Monday, April 4, 2011
Daily Quotes April 4, 2011!
Daily Quotes April 4, 2011!
"Adventure is a state of mind - and spirit. It comes with faith, for with complete faith, there is no fear of what faces you in life or death."
-- Jacqueline Cochran, aviator
"My interest is in the future because I am going to spend the rest of my life there."
-- Charles Kettering, Social Philosopher
"It is literally true that you can succeed best and quickest by helping others to succeed."
-- Napolean Hill, author
"Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young."
-- Henry Ford, Industrialist
"The road to happiness lies in two simple principles: find what it is that interests you and that you can do well, and when you find it put your whole soul into it - every bit of energy and ambition and natural ability you have."
-- John D. Rockefeller, industrialist
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"Adventure is a state of mind - and spirit. It comes with faith, for with complete faith, there is no fear of what faces you in life or death."
-- Jacqueline Cochran, aviator
"My interest is in the future because I am going to spend the rest of my life there."
-- Charles Kettering, Social Philosopher
"It is literally true that you can succeed best and quickest by helping others to succeed."
-- Napolean Hill, author
"Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young."
-- Henry Ford, Industrialist
"The road to happiness lies in two simple principles: find what it is that interests you and that you can do well, and when you find it put your whole soul into it - every bit of energy and ambition and natural ability you have."
-- John D. Rockefeller, industrialist
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Wednesday, March 30, 2011
Daily Quotes March 30, 2011!
Daily Quotes March 30, 2011!
"There comes a special moment in everyone's life; a moment for which
that person was born. That special opportunity, when he seizes it, will
fulfill his mission-a mission for which he is uniquely qualified. In
that moment, he finds greatness. It is his finest hour."
-- Winston Churchill, British prime minister
"When you get into a tight place and everything goes against you till it
seems you could not hold on a minute longer, never give up then, for
that is just the place and time that the tide will turn."
-- Harriet Beecher Stowe, author
"I have always found that if I move with 75% or more of the facts, I
usually never regret it. It's the guys who wait to have everything
perfect that drive you crazy."
-- Lee Iacocca, executive
"All who have accomplished great things have had a great aim and have
fixed their gaze on a goal that is high--one that sometimes seems
impossible."
-- Orison Swett Marden, Motivational Writer
"The rung of a ladder was never meant to rest upon, but only to hold a
man's foot long enough to enable him to put the other somewhat higher."
-- Thomas Huxley, Biologist
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"There comes a special moment in everyone's life; a moment for which
that person was born. That special opportunity, when he seizes it, will
fulfill his mission-a mission for which he is uniquely qualified. In
that moment, he finds greatness. It is his finest hour."
-- Winston Churchill, British prime minister
"When you get into a tight place and everything goes against you till it
seems you could not hold on a minute longer, never give up then, for
that is just the place and time that the tide will turn."
-- Harriet Beecher Stowe, author
"I have always found that if I move with 75% or more of the facts, I
usually never regret it. It's the guys who wait to have everything
perfect that drive you crazy."
-- Lee Iacocca, executive
"All who have accomplished great things have had a great aim and have
fixed their gaze on a goal that is high--one that sometimes seems
impossible."
-- Orison Swett Marden, Motivational Writer
"The rung of a ladder was never meant to rest upon, but only to hold a
man's foot long enough to enable him to put the other somewhat higher."
-- Thomas Huxley, Biologist
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Monday, March 21, 2011
Daily Quotes March 21, 2011!
Daily Quotes March 21, 2011!
"Learn to see in another's calamity the ills that you should avoid."
-- Thomas Jefferson, third U.S. president
"Without the element of uncertainty, the bringing off of even the
greatest business triumph would be dull, routine and eminently
unsatisfying."
-- J. Paul Getty, industrialist
"When you innovate, you've got to be prepared for everyone telling you
you're nuts."
-- Larry Ellison, entrepreneur
"The man who gets the most satisfactory results is not always the man
with the most brilliant single mind, but rather the man who can best
coordinate the brains and talents of his associates."
-- Alton Jones, industrialist
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"Learn to see in another's calamity the ills that you should avoid."
-- Thomas Jefferson, third U.S. president
"Without the element of uncertainty, the bringing off of even the
greatest business triumph would be dull, routine and eminently
unsatisfying."
-- J. Paul Getty, industrialist
"When you innovate, you've got to be prepared for everyone telling you
you're nuts."
-- Larry Ellison, entrepreneur
"The man who gets the most satisfactory results is not always the man
with the most brilliant single mind, but rather the man who can best
coordinate the brains and talents of his associates."
-- Alton Jones, industrialist
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Thursday, March 17, 2011
Daily Quotes March 17, 2011!
Daily Quotes March 17, 2011!
"I contend that not only can you laugh at adversity, but it is essential
to do so if you are to deal with setbacks without defeat."
-- Allen Klein, businessman
"It's better to be boldly decisive and risk being wrong than to agonize
at length and be right too late."
-- Marilyn Kennedy, leadership coach
"The greatest test of courage is to bear defeat without losing heart."
-- Robert Ingersoll, orator
"Education comes from within; you get it by struggle and effort and thought."
-- Napolean Hill, author
"No one's happiness but my own is in my power to achieve or to destroy."
-- Ayn Rand, writer
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"I contend that not only can you laugh at adversity, but it is essential
to do so if you are to deal with setbacks without defeat."
-- Allen Klein, businessman
"It's better to be boldly decisive and risk being wrong than to agonize
at length and be right too late."
-- Marilyn Kennedy, leadership coach
"The greatest test of courage is to bear defeat without losing heart."
-- Robert Ingersoll, orator
"Education comes from within; you get it by struggle and effort and thought."
-- Napolean Hill, author
"No one's happiness but my own is in my power to achieve or to destroy."
-- Ayn Rand, writer
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Wednesday, March 9, 2011
Daily Quotes March 9, 2011!
Daily Quotes March 9, 2011!
"Difficulties are things that show a man's nature."
-- Epictetus, philosopher
"You can't do it unless you can imagine it."
-- George Lucas, director
"Hope is a vigorous principle; it sets the head and heart to work, and
animates a man to do his utmost. It makes a seeming impossibility give
way."
-- Jeremy Collier, critic
"No one can make you feel inferior without your consent."
-- Eleanor Roosevelt
"One might think that the money value of an invention constitutes its
reward to the man who loves his work. But speaking for myself, I can
honestly say this isn't so... I continue to find my greatest pleasure,
and so my reward, in the work that precedes what the world calls
success."
-- Thomas Edison, inventor
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"Difficulties are things that show a man's nature."
-- Epictetus, philosopher
"You can't do it unless you can imagine it."
-- George Lucas, director
"Hope is a vigorous principle; it sets the head and heart to work, and
animates a man to do his utmost. It makes a seeming impossibility give
way."
-- Jeremy Collier, critic
"No one can make you feel inferior without your consent."
-- Eleanor Roosevelt
"One might think that the money value of an invention constitutes its
reward to the man who loves his work. But speaking for myself, I can
honestly say this isn't so... I continue to find my greatest pleasure,
and so my reward, in the work that precedes what the world calls
success."
-- Thomas Edison, inventor
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Friday, March 4, 2011
For the week of February 21, 2011
For the week of February 21, 2011
INFO THAT HITS US WHERE WE LIVE
Market Update
We who work in the real estate and mortgage industries know exactly how Elvis felt. The same people who unfairly blamed us totally for the recession now look to us alone for signs the economic recovery has taken hold. They might want to remember the health of the housing market is directly dependent on the health of the jobs market, which is not under our control. In any case, everyone felt better last week when January Housing Starts were UP a surprising 14.6%. Even though starts are down 2.6% from a year ago, this still shows builders are more hopeful going forward. The boost came from multi-family units, though single-family starts were off a mere 1% for the month.
A lot of home buying activity is due to the affordability now out there. The National Association of Home Builders (NAHB) and a major bank reported their index shows home affordability in Q4 of 2010 at its highest level in 20 years. Their measure found that 73.9% of the new and existing homes sold in Q4 were affordable to families making the national median income of $64,400.
Business tip of the week... A big part of success is not giving up. Studies show that one trait shared by all very successful people is perseverance. They are persistent, determined, tenacious, pursuing a goal far beyond the point where the average person gets discouraged.
Review of Last Week
THE BULLS KEEP CHARGING... It's not like the running of the bulls at Pamplona just yet, but the bulls on Wall Street are definitely picking up steam. We had another weekly gain in the stock market as the three major indexes were up around 1% and the Dow and the S&P 500 hit new two-year highs. The Nasdaq reached a three-year high, just short of its 2007 peak. If the stock markets are a leading indicator of the overall economy, the recovery should pick up steam as the year goes on.
There were worries over rising Chinese interest rates and disruptions in the Middle East, but these were dispelled by the economic reports. The consumer is key to the recovery, so it was good to see retail sales are now UP seven months in a row. Inflation was a little hotter than expected, as year-over-year, the Core Consumer Price Index is now up 1.0%. Core CPI, the Fed's key inflation reading, is still within their target range and observers feel deflation concerns are now put to rest.
In other news, the Empire State Index showed manufacturing continuing to expand. This is great, though the jobs recovery depends on the services sector, where over 85% of the workforce is employed. Fortunately, that sector is expanding at its fastest pace in five years. Let's hope the jobs follow.
For the week, the Dow ended UP 1.0%, at 12,391; the S&P 500 was also UP 1.0%, to 1,329; and the Nasdaq went UP 0.9%, ending at 2,834.
Even with the stock surge, bond prices held on. Inflation was a little hotter than expected, but still tame. The FNMA 4.0% bond we watch ended up 18 basis points for the week, closing at $97.18. Mortgage rates, which had been inching up, fell back a bit. Freddie Mac's weekly survey of conforming mortgages showed national average fixed-rate mortgage rates remained near historic lows.
This Week’s Forecast
JANUARY HOME SALES, CONSUMER MINDSET, Q4 GDP... Happy Presidents Day! The markets will be closed Monday but then we'll have some important economic reports. January Existing Homes Sales on Wednesday are expected to be a tad off December's pace. The same goes for January New Home Sales on Thursday.
The week begins and ends with readings on the consumer mindset. Tuesday's Consumer Confidence is forecast up for February while Friday's Michigan Consumer Sentiment should hold steady. January Durable Goods Orders are predicted to be growing again, a sign business is investing in capital equipment and, perhaps next, in jobs. Friday, we get the second estimate of Q4 GDP, expected to be up a bit from the original estimate.
The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months You hear a lot more experts now disagreeing with Fed policy, including some Fed members. But Fed Chairman Bernanke seems determined to keep the Funds Rate at its rock bottom level until we see stronger signs of economic growth and jobs recovery. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
All "Betts" on Brian! The Only Realtor you Want!
INFO THAT HITS US WHERE WE LIVE
Market Update
We who work in the real estate and mortgage industries know exactly how Elvis felt. The same people who unfairly blamed us totally for the recession now look to us alone for signs the economic recovery has taken hold. They might want to remember the health of the housing market is directly dependent on the health of the jobs market, which is not under our control. In any case, everyone felt better last week when January Housing Starts were UP a surprising 14.6%. Even though starts are down 2.6% from a year ago, this still shows builders are more hopeful going forward. The boost came from multi-family units, though single-family starts were off a mere 1% for the month.
A lot of home buying activity is due to the affordability now out there. The National Association of Home Builders (NAHB) and a major bank reported their index shows home affordability in Q4 of 2010 at its highest level in 20 years. Their measure found that 73.9% of the new and existing homes sold in Q4 were affordable to families making the national median income of $64,400.
Business tip of the week... A big part of success is not giving up. Studies show that one trait shared by all very successful people is perseverance. They are persistent, determined, tenacious, pursuing a goal far beyond the point where the average person gets discouraged.
Review of Last Week
THE BULLS KEEP CHARGING... It's not like the running of the bulls at Pamplona just yet, but the bulls on Wall Street are definitely picking up steam. We had another weekly gain in the stock market as the three major indexes were up around 1% and the Dow and the S&P 500 hit new two-year highs. The Nasdaq reached a three-year high, just short of its 2007 peak. If the stock markets are a leading indicator of the overall economy, the recovery should pick up steam as the year goes on.
There were worries over rising Chinese interest rates and disruptions in the Middle East, but these were dispelled by the economic reports. The consumer is key to the recovery, so it was good to see retail sales are now UP seven months in a row. Inflation was a little hotter than expected, as year-over-year, the Core Consumer Price Index is now up 1.0%. Core CPI, the Fed's key inflation reading, is still within their target range and observers feel deflation concerns are now put to rest.
In other news, the Empire State Index showed manufacturing continuing to expand. This is great, though the jobs recovery depends on the services sector, where over 85% of the workforce is employed. Fortunately, that sector is expanding at its fastest pace in five years. Let's hope the jobs follow.
For the week, the Dow ended UP 1.0%, at 12,391; the S&P 500 was also UP 1.0%, to 1,329; and the Nasdaq went UP 0.9%, ending at 2,834.
Even with the stock surge, bond prices held on. Inflation was a little hotter than expected, but still tame. The FNMA 4.0% bond we watch ended up 18 basis points for the week, closing at $97.18. Mortgage rates, which had been inching up, fell back a bit. Freddie Mac's weekly survey of conforming mortgages showed national average fixed-rate mortgage rates remained near historic lows.
This Week’s Forecast
JANUARY HOME SALES, CONSUMER MINDSET, Q4 GDP... Happy Presidents Day! The markets will be closed Monday but then we'll have some important economic reports. January Existing Homes Sales on Wednesday are expected to be a tad off December's pace. The same goes for January New Home Sales on Thursday.
The week begins and ends with readings on the consumer mindset. Tuesday's Consumer Confidence is forecast up for February while Friday's Michigan Consumer Sentiment should hold steady. January Durable Goods Orders are predicted to be growing again, a sign business is investing in capital equipment and, perhaps next, in jobs. Friday, we get the second estimate of Q4 GDP, expected to be up a bit from the original estimate.
The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months You hear a lot more experts now disagreeing with Fed policy, including some Fed members. But Fed Chairman Bernanke seems determined to keep the Funds Rate at its rock bottom level until we see stronger signs of economic growth and jobs recovery. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
All "Betts" on Brian! The Only Realtor you Want!
For the week of February 7, 2011
For the week of February 7, 2011
INFO THAT HITS US WHERE WE LIVE
Market Update
There's good news in the latest housing market forecast for 2011 from the National Association of Realtors (NAR). After dipping 4.8% last year, sales of existing homes are predicted to grow 7.9% this year, to 5.3 million. The gain for 2012 is forecast to be a little less, up 4.5%, to 5.53 million. The existing home median price went up 0.3% in 2010, a nice recovery from the 12.9% price drop of 2009. For 2011, the NAR sees it rising 0.5%, to $173,000, then another 2.4%, to $177,900, in 2012.
New home sales are forecast to come back more briskly, up 17.7% in 2011, following their 15.5% drop in 2010. The 2012 projection is for a strong 51.1% sales gain, to 565,000 homes. The median price for new homes, which gained 2.2% last year, should go up another 1.8% in 2011, to $224,700, then 1.9% in 2012, to $229,000. The NAR's chief economist says this rebound in home sales does depend on an improvement in the jobs market. Affordability also matters and in Q4 of 2010 housing was the most affordable on record, according to NAR numbers going back to 1971. The NAR feels the current situation of low home prices along with low interest rates should continue.
Review of Last Week
HELLO, 12,000!... Last week saw strong corporate earnings, more indications the economy is healing, and Ben Bernanke telling the National Press Club the Fed won't be withdrawing its policy support anytime soon. The net result? The Dow shot up five days in a row, crossing the 12,000 threshold and staying there, trading near its highest levels since the middle of 2008. All three major indexes delivered impressive gains, with the S&P 500 enjoying its best January since 1997. Investors shrugged off worries the Egyptian protests might further de-stabilize the whole Mideast.
Corporate earnings are running way ahead of expectations and, even more encouraging, future earnings estimates are up. The week's star performers included mammoth Exxon Mobil, drug biggie Pfizer, and video gamer Electronic Arts. The vast majority of companies reporting beat their Q4 earnings expectations, as retailers chimed in with better than expected monthly same store sales results for January.
Investors also liked the economic data. Q4 productivity was up 2.6%, proving that, yes, we ARE working harder. But we're also being compensated for that extra effort, as personal income rose in December along with personal spending, which helps fire up the economy. But things aren't overheating yet, since Core PCE Prices, the inflation number the Fed watches, was up just 0.7% the past year. ISM Manufacturing and Services indexes both showed strong economic growth. The January Employment Report showed a gain of just 36,000 jobs, but this was put to the unusually bad weather preventing people from working -- several hundred thousand more than usual. Private sector payrolls were up 50,000, their 11th monthly gain in a row, which helped drop the unemployment rate to 9.0%.
For the week, the Dow ended UP 2.3%, at 12,092; the S&P 500 was UP 2.7%, to 1,311; and the Nasdaq shot UP 3.1%, ending at 2,769.
While stocks soared higher, bonds got hammered. Even the Egyptian unrest couldn't ignite a flight to safety, as investors wanting to catch the rising wave of stock prices took their money out of bonds. The FNMA 4.0% bond we watch ended down 187 basis points for the week, closing at $97.22. In spite of this drop, news of an improving economy and low inflation kept mortgage rates at historically low levels. Freddie Mac's weekly survey of conforming mortgages reported average fixed-rate mortgage rates pretty much unchanged.
This Week’s Forecast
A QUIET WEEK... We'll have the usual weekly and continuing jobless claims, and no one is expecting huge drops in these numbers just yet. Optimistic observers expect serious declines in claims in another month or so. We'll also see the December Trade Balance showing imports growing versus exports, although U.S. companies' export revenues are still strong, a good thing. Finally, consumer confidence in the economy is forecast to be growing, at least the way the February Michigan Consumer Sentiment Index sees it on Friday.
The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months Fed Chairman Bernanke spoke before the National Press Club last week and certainly left the impression that the Funds Rate will stay at its rock bottom level for a decent while longer. This week's economic reports shouldn't inspire the Fed to hike the Rate any time soon. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
All "Betts" on Brian! The Only Realtor you Want!
INFO THAT HITS US WHERE WE LIVE
Market Update
There's good news in the latest housing market forecast for 2011 from the National Association of Realtors (NAR). After dipping 4.8% last year, sales of existing homes are predicted to grow 7.9% this year, to 5.3 million. The gain for 2012 is forecast to be a little less, up 4.5%, to 5.53 million. The existing home median price went up 0.3% in 2010, a nice recovery from the 12.9% price drop of 2009. For 2011, the NAR sees it rising 0.5%, to $173,000, then another 2.4%, to $177,900, in 2012.
New home sales are forecast to come back more briskly, up 17.7% in 2011, following their 15.5% drop in 2010. The 2012 projection is for a strong 51.1% sales gain, to 565,000 homes. The median price for new homes, which gained 2.2% last year, should go up another 1.8% in 2011, to $224,700, then 1.9% in 2012, to $229,000. The NAR's chief economist says this rebound in home sales does depend on an improvement in the jobs market. Affordability also matters and in Q4 of 2010 housing was the most affordable on record, according to NAR numbers going back to 1971. The NAR feels the current situation of low home prices along with low interest rates should continue.
Review of Last Week
HELLO, 12,000!... Last week saw strong corporate earnings, more indications the economy is healing, and Ben Bernanke telling the National Press Club the Fed won't be withdrawing its policy support anytime soon. The net result? The Dow shot up five days in a row, crossing the 12,000 threshold and staying there, trading near its highest levels since the middle of 2008. All three major indexes delivered impressive gains, with the S&P 500 enjoying its best January since 1997. Investors shrugged off worries the Egyptian protests might further de-stabilize the whole Mideast.
Corporate earnings are running way ahead of expectations and, even more encouraging, future earnings estimates are up. The week's star performers included mammoth Exxon Mobil, drug biggie Pfizer, and video gamer Electronic Arts. The vast majority of companies reporting beat their Q4 earnings expectations, as retailers chimed in with better than expected monthly same store sales results for January.
Investors also liked the economic data. Q4 productivity was up 2.6%, proving that, yes, we ARE working harder. But we're also being compensated for that extra effort, as personal income rose in December along with personal spending, which helps fire up the economy. But things aren't overheating yet, since Core PCE Prices, the inflation number the Fed watches, was up just 0.7% the past year. ISM Manufacturing and Services indexes both showed strong economic growth. The January Employment Report showed a gain of just 36,000 jobs, but this was put to the unusually bad weather preventing people from working -- several hundred thousand more than usual. Private sector payrolls were up 50,000, their 11th monthly gain in a row, which helped drop the unemployment rate to 9.0%.
For the week, the Dow ended UP 2.3%, at 12,092; the S&P 500 was UP 2.7%, to 1,311; and the Nasdaq shot UP 3.1%, ending at 2,769.
While stocks soared higher, bonds got hammered. Even the Egyptian unrest couldn't ignite a flight to safety, as investors wanting to catch the rising wave of stock prices took their money out of bonds. The FNMA 4.0% bond we watch ended down 187 basis points for the week, closing at $97.22. In spite of this drop, news of an improving economy and low inflation kept mortgage rates at historically low levels. Freddie Mac's weekly survey of conforming mortgages reported average fixed-rate mortgage rates pretty much unchanged.
This Week’s Forecast
A QUIET WEEK... We'll have the usual weekly and continuing jobless claims, and no one is expecting huge drops in these numbers just yet. Optimistic observers expect serious declines in claims in another month or so. We'll also see the December Trade Balance showing imports growing versus exports, although U.S. companies' export revenues are still strong, a good thing. Finally, consumer confidence in the economy is forecast to be growing, at least the way the February Michigan Consumer Sentiment Index sees it on Friday.
The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months Fed Chairman Bernanke spoke before the National Press Club last week and certainly left the impression that the Funds Rate will stay at its rock bottom level for a decent while longer. This week's economic reports shouldn't inspire the Fed to hike the Rate any time soon. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
All "Betts" on Brian! The Only Realtor you Want!
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