First week of August and we get the July jobs report on Friday. Not likely to be a great number, but the FED has dismissed all the jobs misses so it shouldn’t be a surprise, unless the FED sees something new. I do think the inflation report next week is also likely to be a terrible number, but once again, the FED will just dismiss it with its new favorite word, “transitory” and keep right on ignoring the inflation we all see. Housing is another issue, prices continue to rise across the country and in many areas, it’s more than double digit increases year over year. While activity has slowed down a little in some areas, volume of both home sales and demand remains strong. Fueling much of that is the insane rise in rents. Last month we saw a 2% increase in rents, leading to more than a 10%…
Posted On Monday, 09 August 2021 00:00 Written by
“The higher the climb, the better the view.”  Bacotkeren.blogspot.com  Dayo Dekker began buying rental homes close to streets where houses were being revitalized and renovated.  He did not buy on the same street where revitalization was actively taking place, but he bought ahead of the path where the revitalization was headed so he could still buy at a low enough price to get a good profit from his tenants, and yet he could see his values pop up quickly as more and more other investors started buying around him and fixing up houses.  Dayo positioned himself with a rooftop view of his local real estate market and bought ahead of the curve for a quicker return on income and value.  Rent vs. Buy Decision If you are a renter in Memphis, TN, rents have gone up 13.5% year over year. That means if you were paying $1,000/month in 2020, you…
Posted On Monday, 09 August 2021 00:00 Written by
Meet Samantha Knoerr who helped Christy Buck build the massively successful Christy Buck team from 3 to 28 members. Starting out as a babysitter she rose to Operations Manager of one of the most dominant real estate offices in the Houston Texas area. As the power behind the Christy Buck Team, Samantha and Christy have built a team by deploying systems and strategies from the Workman Success Systems. If you have resisted hiring a good admin, and want to learn how to work less and make more, discover how Samantha uses organizational excellence to grow each member of the team to profitability for everyone! Samantha is the Chief Operations Officer for the Christy Buck Team and a lifetime area resident. While studying Psychology in college, Samantha decided to pursue her career in real estate and began working with Christy as her assistant. She has been with The Christy Buck Team…
Posted On Friday, 06 August 2021 00:00 Written by
As a leader, do you have your finger on the pulse of what’s happening every week? Your team needs real leadership in a time that they need it most! People are still buying and selling and if we feel responsibility to help them, we have to figure out ways to help prospects even though we are physically restricted. Master Coach, speaker, trainer and radio host, Cleve Gaddis, from Remax Center in Atlanta, addresses how giving your team structure and systems can shift them from Lead Accountability to Lead Awareness.    Cleve Gaddis is a Master Coach, speaker, and trainer with Workman Success Systems who works with some of America's most-profitable teams. He specializes in helping family-owned brokerages and teams navigate the challenges unique to family businesses. Cleve hosts "Your Move Atlanta," a weekly radio show on 640 AM, a Fox News station on iHeartRadio.  He learned to sales the hard…
Posted On Wednesday, 04 August 2021 00:00 Written by
So many times, people will ask me why some people are far more productive than others? Why some people are more organized than others? How is it that some people get far more done in less time than others? Well, to me the answer is largely that people who do more, are much more likely to be more scheduled in their actions and activities than those who aren’t. I learned early in my career from a well-established loan officer that you can spend all your time trying to remember what you were supposed to be doing next, or you could spend your time doing the things you needed to do. It’s a choice.  Back then, we didn’t have CRM’s to auto populate tasks and activities into our schedule for us, but we could use a planner to schedule WHEN we had to look at or review something or when we…
Posted On Monday, 02 August 2021 00:00 Written by
Ralph Waldo Emerson-“The desire of gold is not for gold. It is for the means of freedom and benefit.” Samir and Sabba had finally found a home that would give them some rest from the busy city and the noise.  They had been visiting with a builder who called them to let them know that he had a ready-made house that had everything on their wish list.   The first buyer was supposed to close in the next two and a half weeks but had backed out due to a family emergency. So if Samir and Sabba wanted the house, they would need to buy it right away, or the builder would have to take the next offer.  How could Samir and Sabba close in two and a half weeks on the new home if they could not sell the old one yet? They would need to use a large…
Posted On Monday, 02 August 2021 00:00 Written by
2021 has been a far from typical year. As everyone tries to find what the new normal looks like, we all are trying get ourselves adjusted. As we approach August, we realize the next “new” hurdle will be getting everyone in the family on track with the new schedules and timing of all the kids going back to school. Back to school in any other year takes some getting used too. In 2021, with most of the country sending their kids back to school on a full-time basis is going to take some extra work! These time and schedule adjustments, even for those without children, can become a real challenge. I for one do not have any children living with me that are going back to school. However, the entrance to my community is on the same street as a school. Everyone that lives here knows that you must work…
Posted On Monday, 26 July 2021 00:00 Written by
"By choosing our path, we choose our destination." Quotemaster.org  When you are looking for the quickest and easiest path up to your mountain, take the Mountain Trail Guide Sherpa with you.   A good financial advisor, a good economist, and a knowledgeable mortgage professional are like Trail Guide Sherpas. They are standing at the top of the mountain, looking down along every trail. When asked, the financial trail guide can point clients to what looks like the best trail to get to their destination.  Let's take a look down the paths of homeownership: 1. The median home price this week of $363,300 is up over 23% year-over-year. The media is saying it is a Home Affordability Crisis.   But remember that Median Home Price does not determine affordability.   Affordability is determined by the relationship between home value Appreciation and wages.    Appreciation is only up 14% year-over-year.   People…
Posted On Monday, 26 July 2021 00:00 Written by
I’ve been hearing from my clients and have read some comments by others that people are saying they are going to “wait” until home prices come back down and it’s more of a “buyers’ market” before buying their next home. That is an interesting thought, but it begs the questions: • When will those prices come back down, and from what level and to what level will they go to?• Will the come back down price be lower than it is today?• What is the cost of your current housing doing?• What will the cost to borrow be IF, and it’s a big if for a reason, if the cost to you to borrow LESS MONEY is higher than the cost of borrowing MORE MONEY is today  You see, I am not sure who it is that is guaranteeing that home prices will fall below where they are today, and by how much they are guaranteeing those…
Posted On Monday, 19 July 2021 00:00 Written by
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