A path on the way to building a reputation:
When someone asks you a question, they get an answer bigger than they ever expected.
When someone gives you a project, they get a plan scarier than they hoped for.
When you take on a project, you finish it.
If this is your reputation, what sort of projects and gigs will you find yourself getting? Not a good way to fit in, but an excellent way to be the one people seek out.
For those interested in GOOD NEWS about Real Estate - the facts with a Positive Spin!
Monday, June 20, 2011
Thursday, June 16, 2011
Brain Rules
By Tricia Molloy:
I'm a motivational speaker on change management through wise business practices.
In other words, I present programs like CRAVE Your Goals! and DESIGN Your Ideal Life! to help reinforce or change behaviors in the workplace. So, I'm always interested in the primal laws, ancient truths and latest research on how people learn, retain and apply information.
In Brain Rules: 12 Principles for Surviving and Thriving at Work, Home, and School, author and molecular biologist John Medina shares with wit and wisdom a dozen rules that help us understand how stress, gender and other variables either support or sabotage our success.
Whether this information is new to you or not, it always helps to remember the little things you can do that make a big difference, like:
To increase your mental sharpness, go for a walk or a run or just take some deep breaths. Oxygen flow into your brain reduces brain-bound free radicals and that increases your attention and focus, and helps you solve problems easier. (To prove this point, read the rest of this while breathing deeply.)
Multitasking doesn't work because, unlike a computer, the brain is a sequential processor and large fractions of a second are consumed every time we switch tasks. That adds up to a lot of wasted time.
Midday naps boost your productivity. Around three each afternoon, which is 12 hours after the point of your deepest sleep, your brain craves a break. When NASA pilots took a half-hour nap, their performance soared 34 percent. Consider that when planning meetings or conferences.
Show and tell. Studies show you'll remember 10 percent of what you hear after three days. If you see it too, you'll remember 65 percent. Vision trumps all other senses perhaps because it's how our ancestors perceived major threats and identified food supplies and reproductive opportunities. Consider this the next time you're preparing a PowerPoint presentation.
For more, including a clever series of videos, go to http://www.brainrules.net/
What are your favorite books on professional and personal development? I will provide highlights like this in future enewsletters. Share your wisdom on my Facebook Page or just reply back to me. I love hearing from you!
To Your Wisdom,
Tricia
770.565.1231
www.triciamolloy.com
PS: If this message resonates with you, please share it
I'm a motivational speaker on change management through wise business practices.
In other words, I present programs like CRAVE Your Goals! and DESIGN Your Ideal Life! to help reinforce or change behaviors in the workplace. So, I'm always interested in the primal laws, ancient truths and latest research on how people learn, retain and apply information.
In Brain Rules: 12 Principles for Surviving and Thriving at Work, Home, and School, author and molecular biologist John Medina shares with wit and wisdom a dozen rules that help us understand how stress, gender and other variables either support or sabotage our success.
Whether this information is new to you or not, it always helps to remember the little things you can do that make a big difference, like:
To increase your mental sharpness, go for a walk or a run or just take some deep breaths. Oxygen flow into your brain reduces brain-bound free radicals and that increases your attention and focus, and helps you solve problems easier. (To prove this point, read the rest of this while breathing deeply.)
Multitasking doesn't work because, unlike a computer, the brain is a sequential processor and large fractions of a second are consumed every time we switch tasks. That adds up to a lot of wasted time.
Midday naps boost your productivity. Around three each afternoon, which is 12 hours after the point of your deepest sleep, your brain craves a break. When NASA pilots took a half-hour nap, their performance soared 34 percent. Consider that when planning meetings or conferences.
Show and tell. Studies show you'll remember 10 percent of what you hear after three days. If you see it too, you'll remember 65 percent. Vision trumps all other senses perhaps because it's how our ancestors perceived major threats and identified food supplies and reproductive opportunities. Consider this the next time you're preparing a PowerPoint presentation.
For more, including a clever series of videos, go to http://www.brainrules.net/
What are your favorite books on professional and personal development? I will provide highlights like this in future enewsletters. Share your wisdom on my Facebook Page or just reply back to me. I love hearing from you!
To Your Wisdom,
Tricia
770.565.1231
www.triciamolloy.com
PS: If this message resonates with you, please share it
Tuesday, June 14, 2011
Why Buy A Home Now
Despite what appears to be a non-stop wave of tough news regarding real estate, four major media players have come out this month with the same advice: It Is Time to Buy a Home! Here are the four articles and a breakdown as to why the advice makes sense.
The Wall Street Journal: Why It’s Time to Buy
CBS Money Watch: Why the Time to Buy is Now
Forbes Magazine: 9 Reasons to Buy a House Now
National Public Radio: For Many, It’s Still a Good Time to Buy a Home
With prices continuing to depreciate in most regions of the country, some may wonder why these four entities are suggesting to their readership that now is the time to buy. Each organization realizes that PRICE is not as important as COST. The cost of a home can go up even if prices continue to fall. Unless you are an all cash buyer, you must take into consideration the expense of mortgaging when calculating the full cost of a home. Here is some information to consider.
Interest Rates
Currently, interest rates sit at historic lows. However, Fannie Mae, Freddie Mac, PMI and the National Association of Realtors are all projecting approximately a 1% increase in mortgage rates over the next year. A one percent increase in rate negates a ten percent fall in prices.
Lending Standards
The government has proposed a tightening of lending standards called Quality Residential Mortgage (QRM). If accepted as proposed two things will happen:
- The qualification process for loans will become more difficult
- The cost of a loan will increase
Bottom Line
There is a reason more and more financial organizations are suggesting to their followers that now is the time to buy a home: because the cost of purchasing a home is about to increase (even if prices continue to fall).
Wednesday, June 8, 2011
Are you ready for a Miracle?
Are your systems and checklists and schedules READY for this?
Daily Real Estate News | June 8, 2011 | Housing Shortage Is Likely Coming, Report Says
Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard University’s Joint Center for Housing Studies in its latest annual "State of the Nation's Housing" report.
That means household growth, which has dropped drastically in recent years, will need to greatly reverse its trend to meet the forecasted spike in demand. From 2007-2010, household growth averaged about 500,000 per year--less than half the 1.2 million annual pace averaged prior from 2000-2007.
To absorb the current rate of foreclosed and distressed homes plaguing most markets, a more normal rate of household formation is critical, according to the report. However, household growth partially has stalled as young adults have delayed home ownership and immigration has slowed.
As such, in recent years, builders have drastically cut production of new homes.
"With inventories of new homes at historic lows, a turnaround in demand could quickly result in tighter markets," the report notes. "Over the longer term, the number of younger households is set to rise sharply, supporting growth in the population that fuels growth in both new renters and first-time buyers. The path of the economy and evolution of the mortgage market will determine when and if this increased demand materializes."
The report predicts a need for greater housing units for several reasons. For example, the report projects demand for 1 million new homes a year is needed to meet population growth in the coming decade. The report also predicts a surge in smaller homes, estimating that 3.8 million baby boomers will be looking to downsize their homes within the next decade. Also in adding to the increase in housing units needed, Immigration growth, the need to replace existing homes, and demand for second homes will contribute to rising demand, the report notes. Therefore, researchers conclude at least 16 million new housing units will be needed over the next decade.
Source: “Harvard: Real Estate Recovery Hinges on Return of Demand,” Inman News (June 6, 2011)
Daily Real Estate News | June 8, 2011 | Housing Shortage Is Likely Coming, Report Says
Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard University’s Joint Center for Housing Studies in its latest annual "State of the Nation's Housing" report.
That means household growth, which has dropped drastically in recent years, will need to greatly reverse its trend to meet the forecasted spike in demand. From 2007-2010, household growth averaged about 500,000 per year--less than half the 1.2 million annual pace averaged prior from 2000-2007.
To absorb the current rate of foreclosed and distressed homes plaguing most markets, a more normal rate of household formation is critical, according to the report. However, household growth partially has stalled as young adults have delayed home ownership and immigration has slowed.
As such, in recent years, builders have drastically cut production of new homes.
"With inventories of new homes at historic lows, a turnaround in demand could quickly result in tighter markets," the report notes. "Over the longer term, the number of younger households is set to rise sharply, supporting growth in the population that fuels growth in both new renters and first-time buyers. The path of the economy and evolution of the mortgage market will determine when and if this increased demand materializes."
The report predicts a need for greater housing units for several reasons. For example, the report projects demand for 1 million new homes a year is needed to meet population growth in the coming decade. The report also predicts a surge in smaller homes, estimating that 3.8 million baby boomers will be looking to downsize their homes within the next decade. Also in adding to the increase in housing units needed, Immigration growth, the need to replace existing homes, and demand for second homes will contribute to rising demand, the report notes. Therefore, researchers conclude at least 16 million new housing units will be needed over the next decade.
Source: “Harvard: Real Estate Recovery Hinges on Return of Demand,” Inman News (June 6, 2011)
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