February 21, 2014 7:42 am
February 20, 2014 7:42 am
In a blog post last week, Quality of production
, Seth warned professionals that they have to realize their value is not measured in the same way it has been in the past. What the consumer expects has changed. He explains:
"It's entirely possible that you are very good at (and have the tools to perform) a job that was really difficult to do a while ago.
The problem is that some difficult things keep getting easier to do."
He talked of television producers, wedding photographers and chefs. He also challenged real estate professionals:
February 19, 2014 7:39 am
Some industry gurus are questioning whether the housing momentum we saw early in 2013 began to dissipate later in the year. The more dramatic have claimed the housing sector is still on shaky ground. Others have blamed the slowdown in sales on a lack of consumer confidence or rising interest rates.
The National Association of Realtors
(NAR) just released their 2013 4th Quarter Housing Report
. The report revealed that home sales numbers barely outperformed (an .08% increase) those in the 4th quarter of 2012.
February 18, 2014 7:39 am
It is projected that if the Fed continues to cut back on bond purchases that long term mortgage rates would start to climb. Many experts felt that Janet Yellen, who replaced Ben Bernanke as Fed Chair, was going to be less inclined to continue tapering bond purchases at the level established.
However, in her testimony
in front of the Financial Services Committee last week, Yellen made it quite clear that she will in fact continue the current pace of tapering:
February 17, 2014 7:39 am
Last week, Fannie Mae released their January 2014 National Housing Survey
results. Two categories reported all-time survey highs
52% of respondents thought it would be easy for them to get a home mortgage today
70% of respondents said they would buy if they were going to move
Doug Duncan, senior vice president and chief economist at Fannie Mae explained what this may mean to the real estate market moving forward: