People fail to succeed for only one of two reasons; they either don’t know what they are supposed to do, or they won’t do what they are supposed to do. Coaching has always been a way to help people learn the first part, knowing what to do, and then help guide them toward actually doing what they are supposed to do. As a coach, I know all I can do is provide the answers and the client needs to provide the actions in order for it all to come together.
Many people desire coaching, but often can’t find a program that fits their needs, or they can’t make the investment (or won’t make the investment) to hire the coach to help them. For years I have dealt with that issue; knowing that people will succeed if they just invest in themselves, but they don’t believe the investment will pay off for them. So today, I make sure that there is no longer a financial risk when it comes to coaching. If you do better, you pay. If you don’t, you owe nothing. Just keep in mind that you can be fired for not working and taking a spot away from someone who will!
Here is how it works. We look at your 2023 production and establish a baseline for units and dollar volume. We do a complete business plan and schedule of activities you are going to do going forward. We set up our weekly 30-minute accountability sessions, and we make adjustments based upon your specific results! At the end of each month if your production exceeds the monthly baseline, you pay 10bps on the volume that exceeds your baseline. If you don’t exceed the monthly baseline, you owe nothing. Your coaching continues as long as you like or need, and once you leave the program you are responsible for the payments for the next 12 months as established by your original baseline. That’s it. No initial investment, no fees at all if your production doesn’t exceed what you were doing prior to coaching!
I have limited space in my schedule for originators, managers, or corporate clients, so if you are interested, reach out to set up a call to see if we should move forward together to grow your business absolutely risk free!
Questions or comments: This email address is being protected from spambots. You need JavaScript enabled to view it.
2024 is shaping up to be more active than 2023 for homebuyers and sellers, with mortgage applications and new listings rising. But Redfin economists believe demand and listings would be rising more if not for harsher-than-usual winter weather.
Mortgage-purchase applications are up 8% from a month ago, and Redfin agents report that lower mortgage rates are piquing buyers’ interest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On the sell side, new listings increased 8% year over year during the four weeks ending January 14.
Buyers and sellers are making moves largely because mortgage rates are holding steady in the mid-6% range, down from 8% in October. The typical U.S. homebuyer’s monthly housing payment is $2,456 with this week’s average rate; while that’s up 10% year over year, it’s down from October’s record high of over $2,700.
Redfin economists say buyer demand and listings would likely be picking up more if not for the severe winter weather much of the country experienced over the last week. “We expected both buyers and sellers to react more strongly to last month’s drop in mortgage rates once the holidays passed, but frigid weather and snowstorms have halted a lot of buying and selling plans,” said Redfin Economic Research Lead Chen Zhao. “As long as rates don’t shoot up, we expect the market to pick up as the spring season approaches.”
Redfin agents say weather conditions aside, buyers are feeling more optimistic. “People who were casually house hunting when rates were higher are getting serious now,” said Chicago Redfin Premier agent Dan Close. “Buyers are feeling more confident that they can get good value for their money, and many first-timers are jumping in because Chicago rents are still rising. Homeowners who were waiting for the holidays to be over and rates to come down before selling are getting ready to list. I have several listings prepped to hit the market, some as early as this week and some throughout the rest of the first quarter.”
Leading indicators
Indicators of homebuying demand and activity |
||||
Value (if applicable) |
Recent change |
Year-over-year change |
Source |
|
Daily average 30-year fixed mortgage rate |
6.88% (Jan. 17) |
Up slightly from 6.78% a week earlier |
Up from 6.07% |
|
Weekly average 30-year fixed mortgage rate |
6.66% (week ending Jan. 11) |
Near lowest level since May |
Up from 6.33% |
|
Mortgage-purchase applications (seasonally adjusted) |
Up 9% from a week earlier; up 8% from a month earlier (as of week ending Jan. 12) |
Down 20% |
||
Google searches for “home for sale” |
Up 10% from a month earlier (as of Jan. 16) |
Down 13% |
||
We excluded Redfin’s Homebuyer Demand Index this week to ensure data accuracy |
Key housing-market data
U.S. highlights: Four weeks ending January 14, 2023 Redfin’s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. |
|||
Four weeks ending January 14, 2023 |
Year-over-year change |
Notes |
|
Median sale price |
$362,113 |
4.2% |
|
Median asking price |
$372,220 |
5.4% |
|
Median monthly mortgage payment |
$2,456 at a 6.66% mortgage rate |
9.8% |
Down nearly $300 from all-time high set during the four weeks ending Oct. 22 |
Pending sales |
51,411 |
-3.1% |
|
New listings |
48,507 |
7.8% |
|
Active listings |
762,737 |
-2.4% |
Smallest decline since June |
Months of supply |
4.4 months |
+0.3 pts. |
4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. |
Share of homes off market in two weeks |
25.1% |
Unchanged |
|
Median days on market |
44 |
-2 days |
|
Share of homes sold above list price |
23.2% |
Up from 21% |
|
Share of homes with a price drop |
3.9% |
+0.2 pts. |
|
Average sale-to-list price ratio |
98.3% |
+0.5 pts. |
Metro-level highlights: Four weeks ending January 14, 2023 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. |
|||
Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
|
Median sale price |
Anaheim, CA (16.6%) West Palm Beach, FL (14.8%) Newark, NJ (14.1%) Fort Lauderdale, FL (13.1%) Miami (12.8%) |
Oakland, CA (-3.4%) Austin, TX (-2.8%) Fort Worth, TX (-0.3%) San Antonio, TX (-0.1%) |
Declined in 4 metros |
Pending sales |
San Jose, CA (10.6%) Detroit (9.5%) Milwaukee, WI (6.1%) Columbus, OH (5.6%) Pittsburgh, PA (4.7%) |
Newark, NJ (-14.3%) New Brunswick, NJ (-13.9%) New York (-13.2%) San Diego (-12.2%) West Palm Beach, FL (-11.3%) |
Increased in 13 metros |
New listings |
Phoenix (24.4%) Minneapolis, MN (22.1%) Pittsburgh, PA (19.1%) Houston (18.6%) San Antonio, TX (17.6%) |
Chicago (-13.8%) Atlanta (-10.2%) Newark, NJ (-7.3%) Providence, RI (-7.1%) Portland, OR (-5.6%) |
Declined in 10 metros |
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-buyers-sellers-more-active
Lending Tree analyzed the latest housing data and found that single women own 10.95 million homes, while single men own 8.24 million. That means single women own an average of 12.93% of the owner-occupied homes across the 50 states, versus 10.22% among single men.
States with the largest share of single women homeowners
States with the largest share of single men homeowners
LendingTree's Senior Economist and report author, Jacob Channel, had this to say.
"Though single women are more likely to own a home than single men are, a majority of homes are nonetheless owned by couples and families. This goes to show that because homeownership is often so expensive, regardless of one’s gender, it can be very difficult to become a homeowner by yourself. This is especially true in today’s high price, high rate, housing market."
From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.