Chasing Excellence with Rick Floyd: The Compassionate Samurai chapter 5: Honesty helps make things flow smoother. Dishonesty slows progress of organizational development, family growth, personal growth and even mental expansion. Even little white lies here and there have their consequences. Dishonesty hinders growth and potentially hinders something awesome from even getting off the ground.
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Current mortgage interest rate: 4.12% for a 30 yr fixed and 3.3% for a 15 year fixed. -- Bankrate.com
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California home prices recently increased the most in 33 years as a result of strong sales growth in higher-priced markets and a continued housing supply shortage, the California Association of Realtors claims in a new report. HousingWire
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Nat'l Real Estate Post:
A law suit against Well Fargo is including lowering the cost of BPO's to $30. Would you do a bpo for $30?
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The Standard & Poor’s baseline economic forecast expects an increase in total housing starts of about 28% this year, to 1 million units. In 2014, another 29% increase is anticipated, with starts reaching 1.3 million units.-- HousingWire
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Residential construction starts rose in May while permitting for new construction was down slightly the U.S. Census Bureau and the Department of Housing and Urban Development said today. Privately-owned housing starts were at a seasonally adjusted annual rate of 914,000, a 6.8 percent increase from April's revised estimate of 856,000. Starts were 28.6 percent higher than a year ago when the rate was 711,000 units. The revision to the April housing starts number raised the estimate from 853,000 units.
At the end of the reporting period there were an estimated 620,000 residential units under construction; 305,000 single family and 305,000 units in multifamily buildings. All of these numbers represented 2 to 3 percent increases over April figures. There were 100,000 permits outstanding at the end of the month for which construction had not yet started. 44,500 of those units were for multifamily construction. -- Jann Swanson in Mortgage News Daily
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Nat'l Real Estate Post:
Builders are happy, happy, happy. They are getting permits for new homes, they are building new homes and the public is buying the new homes. However, most re agents are only somewhat happy.
Bank of America is being sued for not allowing HAMP loans. They are accused of dragging their feet, telling their people to stall files, repeatedly ask for paperwork, lie and deny qualified files, and if any files were over 60 days to clear them out. Then they are accused of offering their own modification where they could charge three more points than they could on a HAMP. It is also alledged that they gave cash bonuses and gift cards to employees who met their foreclosure quotas. They have affidavits from employees outlining this.
Since interest rates have topped 4%, refi's will start drying up. The way banks will make money is to loosen credit requirements in order to encourage buyers to buy.
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"It is what you learn after you know it all that counts."
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Succinctly, power can be defined as a force. I agree with Linda and Navah in their well written descriptions of power such as the "ability to accomplish...strategic initiatives" and the "ability to leverage." Additionally, power is a force that must be managed within multiple dimensions or multifaceted (system) dynamics which can include layers of relational, situational, cultural, personal, institutional, style, timing, intuition, competency,understanding where you are in business and management life cycles, requires acute self awareness, empathy (awareness of others), political acumen, EQ, ability to influence or command, and resiliency -just to name a few. The key to harnessing the force(s) of power effectively is to know precisely how, what,and when to orchestrate and execute. Therefore, managing power is an art. Managing power successfully whether in the board room, with in a family structure, personal, or corporately requires constructive and proactive boundary management and it can be a balancing act with constant tweaking and fine tuning. --Carol Anne Embler on linkedin.
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Home builders and lumber dealers are facing a significant shortage of materials necessary for building a home, such as lumber and wall board, according to the National Association of Home Builders and the National Lumber and Building Material Dealers Assocation.
He (NAHB chief economist David Crowe) added, "In 2004 and 2005 the home building industry was producing over 1.8 million new homes a year, while the current rate of new housing starts is still below 1 million." -- HousingWire
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In 2012, natural hazards caused $122 billion in total losses across the country, according to Munic RE, and $62 billion in insured losses. -- HousingWire
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Nat'l Real Estate Post:
Last year the US created more millionaires than any other country in the world. Rising stocks and a stronger real estate market were to blame.
RBC Million says we created a many millionaires in real estate.
FHA will be pulling out of the reverse mortgage market.
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Twenty percent of foreclosures nationwide sit empty after an owner vacated the premises, representing 167,000 distressed properties across the country, RealtyTrac announced Thursday.
.... laws designed to keep the housing market afloat and to prevent a flood of distressed assets make it more difficult to move assets that could benefit from full-time ownership.
States where the percentage of owner-vacated foreclosures hovers well above the national average of 20% include Indiana (32%); Oregon (28%); Nevada (28%); Washington (27%); and Georgia (27%).
kpanchuck@housingwire.com
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Wells Fargo is calling for higher interest rates because near zero rates are masking things that should be happening on the fiscal side. NAR says buyer traffic is up 29% from last year.
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Jill Pierce is Team Leader in NW Georgia with RealEstateAuctions.com
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