Change is an inevitability of human life. We go through changes as we age from teens into adulthood by moving out of our parents’ houses and going to college or a trade school. And as we move from early adulthood to our 30s, 40s, 50s, and later years, with starting new jobs, getting married, having kids, and retiring, more change occurs. We have become very adept at handling the various changes thrown at us.
However, I would be remiss to say that we handle it well. Quite frequently, we humans do not handle change well, as it is viewed as an “unknown” that ultimately disrupts us. So, whether it is personal or a change you face throughout your professional career, would it not benefit you and fully transform your attitude about change if you were able to actually see the changes coming your way? Controlling Your Perception of Change There are two ways…
Posted On Tuesday, 14 November 2023 00:00 Written by
I have talked repeatedly about how the FED continues to look at old data when making decisions about FED policy. We have seen this repeatedly how many of the indicators the FED relies on get updated and revised so that the initial data was almost useless. As we saw in the spring, the FED was looking at inflation and siting the rise in used car prices and hotel rooms as a basis to keep raising interest rates. We all knew these were numbers that were months old, and that recent, more real time data was showing the opposite. They raised rates then, and they are poised to raise rates yet again! At least that’s what two FEB members were calling for this week. FED member Bowman and Kashkari called for further rate hikes. Despite HUGE revisions in employment data, increasing initial jobless claims and continuing claims rising, oil prices and…
Posted On Monday, 13 November 2023 00:00 Written by
Nationwide, investor purchases fell 30% year over year to the lowest third-quarter level in seven years, as rising mortgage rates, high home prices and a lackluster rental market made investing less attractive Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Investors purchased 48,667 homes—the lowest level of any third quarter since 2016. By comparison, overall home purchases fell 22.2% to 305,219—the lowest third-quarter level since 2012. The seven metros where investor purchases declined fastest are all in the Sun Belt. Atlanta saw the steepest decline (-49.7%), followed by Charlotte, NC (-49.6%), Jacksonville, FL (-48.2%), Phoenix (-47.4%), Las Vegas (-43.3%), Orlando, FL (-42.6%) and Tampa, FL (-41.3%). This is according to a Redfin analysis of county records across 39 of the most populous U.S. metropolitan areas. The national figures in the report…
Posted On Saturday, 11 November 2023 14:06 Written by
Mortgage-purchase applications are up 3% week over week as homebuyers act on a few pieces of buyer-friendly news: Mortgage rates have dropped from 8% to 7.4% in the last few weeks, there are more homes for sale than there have been all year, and price drops are at a record high. Mortgage rates are falling quickly, dropping from a two-decade high of 8% to 7.4% in the last three weeks, giving homebuyers an opportunity to lock in a lower rate. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A series of macro-economic events and indicators helped bring rates down last week: The Fed decided against another interest-rate hike, the Treasury announced plans to issue less long-term debt than expected and the job market is growing slower than expected. Buyers should consider locking in a mortgage rate now Redfin economists recommend that serious homebuyers consider…
Posted On Friday, 10 November 2023 07:02 Written by
Companies are founded with innovation. Smaller start-ups pop up because they have an idea that no one in the market has done before, or a way to improve the industry they enter. It is no secret that many new businesses do not last because they stick with that initial revolutionary idea, living in the present success they have found with no new ideas to bring to the table in this ever-changing world. Essentially, they create a business “cash cow,” and milk it until the milk runs dry!
The business world is always changing as a direct result of customers’ evolving needs. The only way for organizations to be successful is to be Anticipatory. Instead of focusing solely on the “now,” they must focus on the “next,” taking the leap on their next big innovations for their organizations while moving forward with the industry. What is the difference between the “now” and the “next”? Instead of focusing…
Posted On Tuesday, 07 November 2023 00:00 Written by
A HUGE ruling in the lawsuit against how real estate commissions are split between a listing agent and the buyer’s agent may have a monumental impact on the future of real estate. Last Tuesday, a jury ruled in favor of the plaintiffs and set damages initially at $1.78 TRILLION DOLLARS! While we all know that NAR doesn’t have that kind of money, it will likely have to find a number to satisfy the plaintiffs. It also will be interesting to see if the Judge eliminates the “Cooperative Compensation Rule” as part of this case because if he does, it will change the way real estate commissions work in a big way. As you know, the listing agent and the home seller have a commission agreement for a set percentage of the total sale. In that agreement, it spells out how much of that commission will be shared with the buyer’s…
Posted On Monday, 06 November 2023 00:00 Written by
Posted On Thursday, 02 November 2023 00:00 Written by
When most businesses think of innovation, they think of what I would consider to be transformational innovation. What I am referring to is the big advancements that revolutionized organizations and whole industries, such as the founding of social media giant Facebook (now Meta), the first electric vehicle, or moments like the iPod making its debut at Apple. These are the innovations that entrepreneurs and leaders dream of, picturing a scenario where their ROI is tremendous, they make differences in the world, and they ultimately leave competitors in the dust.
But while focusing on this transformational innovation is certainly one strategy to have, the reality is that a one-time breakthrough only has so much staying power, even if it is as powerful as those aforementioned examples. If you catch lightning in a bottle, as they say, using it to try to stay ahead of the competition truly leaves you missing a large part…
Posted On Thursday, 02 November 2023 00:00 Written by
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