Thursday, April 30, 2009
Obama and Chrysler
Obama is upset with the "Hedgies" Hedge Funds who do not want to renogatiate or sacrifice what they feel is owed to them. It is very easy for Obama to read off his teleprompter and call these money men and women unpatriotic.
Here is the deal President Obama. YOU HAVE NO SKIN IN THE GAME BECAUSE IT IS NOT YOUR MONEY. IT IS THE TAXPAYER'S MONEY you are using to bailout (sacrifice) for these inefficient and unprofitable car companies.
The free market would have put them out of business a long time ago but you are NOT a free market president. You are charasmatic, smart and read a teleprompter really well but it is different when you have YOUR OWN money in the deal versus our money.
Often in life and business events are not fair. Liberals live in a world where everything should be fair whether it be health care, taxes, the redistribution of wealth,etc. This is not reality and the reason Obama has never been a successful businessman in his life. He is a full time politician who uses OTHER PEOPLE's MONEY for his and his party's benefit.
In conclusion, it is impossible for a President who has NEVER been a free market businessman understand the dynamics of a free market economy that built this great country. He lives in a world of "Fairness" that is the equivalent of socialism.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Friday, April 24, 2009
Charleston Home Value Index
The College of Charleston Home Value IndexSM is prepared monthly for the tri-county area, and quarterly for smaller geographic areas in the Charleston community, by Professor Tim Allen, Ph.D., Director of the Carter Real Estate Center at the College of Charleston's School of Business and Economics. The index is a "constant quality" hedonic price index that is calculated by estimating prices of individual property characteristics using data provided by the Charleston Trident Association of REALTORS® from its Multiple Listing Service. The index tracks the value of a "typical" home in each defined geographic area (tri-county and smaller areas) over time. The index should not be interpreted relative to the value of any particular home, but to the value of a "typical" home with the contributions to value from home's features evaluated at the average estimated price of those individual features.
April 14, 2009
The College of Charleston Home Value Index indicates that home values in the Charleston Tri-County area fell by 3.38% in March. In comparison, the change in the index value was +.059% in January and -1.29% in February.
Analysis of smaller geographic areas within the tri-county area for the first quarter of 2009 reveals the following value changes.
To get more info on this index go to the Carter Real Estate Center website.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
April 14, 2009
The College of Charleston Home Value Index indicates that home values in the Charleston Tri-County area fell by 3.38% in March. In comparison, the change in the index value was +.059% in January and -1.29% in February.
Analysis of smaller geographic areas within the tri-county area for the first quarter of 2009 reveals the following value changes.
To get more info on this index go to the Carter Real Estate Center website.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Wednesday, April 22, 2009
South Carolina Foreclosures
Less than 1% of homes in foreclosure in Charleston
This is a very misleading stat in an otherwise good article by Mr. Owens. The worst foreclosure market in the U.S. which is Las Vegas has a 4.48% foreclosure rate if that puts this statistic into perspective.
By Andy Owens
aowens@scbiznews.com
Published April 22, 2009
Though it was less than 1%, the Charleston-North Charleston metropolitan statistical area posted the highest percentage of homes in foreclosure statewide for the first quarter of 2009, according to data released this morning.
A national comparison of owned homes vs. homes in foreclosure shows the foreclosure problem to be concentrated in a relatively small number of metro areas, said the CEO of the national real estate tracking firm RealtyTrac.
The firm released its analysis of foreclosures in the nation’s 203 MSAs, which include metropolitan areas with at least 200,000 people. The analysis shows the percentage of homes in a region that have received at least a notice of default, which is one of the first steps in the foreclosure process.
The Charleston-North Charleston MSA ranked 51 out of 203 with 0.77% of homes with at least one foreclosure filing during the first three months of 2009. The Charleston metro area saw a 36.56% increase in foreclosures in the first quarter when compared with the fourth quarter of 2008.
Five MSAs with highest foreclosure rate nationally
MSA Foreclosure rate
Las Vegas-Paradise, Nev. 4.48%
Merced, Calif. 4.21%
Cape Coral-Fort Myers, Fla. 3.85%
Stockton, Calif. 3.72%
Riverside-San Bernardino-Ontario, Calif. 3.54%
“The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relatively small number of hard-hit areas,” said James J. Saccacio, RealtyTrac’s CEO.
Saccacio said sales activity appears to be increasing in some of the larger markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors.
“While we expect many of these metro areas to continue to experience high levels of foreclosure activity throughout 2009, we also expect to see other markets rise up the ranks as unemployment rates surge throughout the country,” he said.
Foreclosures in South Carolina MSAs
Metropolitan Statistical Area U.S. Rank, of 203
Charleston-North Charleston 51
Greenville-Mauldin-Easley 66
Myrtle Beach-Conway-N. Myrtle 93
Augusta-Richmond County, Ga.* 104
Charlotte-Gastonia-Concord, N.C.* 127
Columbia 155
Spartanburg 172
*Out-of-state MSAs include parts of South Carolina.
Nationally, RealtyTrac reported that 0.63% of homes, or 803,489 homes, in the United States had a foreclosure filing in the first quarter of 2009.
Last week, RealtyTrac reported a 9% increase in foreclosure activity nationwide between the last quarter of 2008 and the first quarter of 2009. Saccacio attributed a declining rate of bank repossession of foreclosed properties, called REOs, to moratoriums on foreclosures.
RealtyTrac forecast that a large number of new notices of default and a lifting of those moratoriums could increase the numbers of REOs in the second quarter of 2009.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
This is a very misleading stat in an otherwise good article by Mr. Owens. The worst foreclosure market in the U.S. which is Las Vegas has a 4.48% foreclosure rate if that puts this statistic into perspective.
By Andy Owens
aowens@scbiznews.com
Published April 22, 2009
Though it was less than 1%, the Charleston-North Charleston metropolitan statistical area posted the highest percentage of homes in foreclosure statewide for the first quarter of 2009, according to data released this morning.
A national comparison of owned homes vs. homes in foreclosure shows the foreclosure problem to be concentrated in a relatively small number of metro areas, said the CEO of the national real estate tracking firm RealtyTrac.
The firm released its analysis of foreclosures in the nation’s 203 MSAs, which include metropolitan areas with at least 200,000 people. The analysis shows the percentage of homes in a region that have received at least a notice of default, which is one of the first steps in the foreclosure process.
The Charleston-North Charleston MSA ranked 51 out of 203 with 0.77% of homes with at least one foreclosure filing during the first three months of 2009. The Charleston metro area saw a 36.56% increase in foreclosures in the first quarter when compared with the fourth quarter of 2008.
Five MSAs with highest foreclosure rate nationally
MSA Foreclosure rate
Las Vegas-Paradise, Nev. 4.48%
Merced, Calif. 4.21%
Cape Coral-Fort Myers, Fla. 3.85%
Stockton, Calif. 3.72%
Riverside-San Bernardino-Ontario, Calif. 3.54%
“The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relatively small number of hard-hit areas,” said James J. Saccacio, RealtyTrac’s CEO.
Saccacio said sales activity appears to be increasing in some of the larger markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors.
“While we expect many of these metro areas to continue to experience high levels of foreclosure activity throughout 2009, we also expect to see other markets rise up the ranks as unemployment rates surge throughout the country,” he said.
Foreclosures in South Carolina MSAs
Metropolitan Statistical Area U.S. Rank, of 203
Charleston-North Charleston 51
Greenville-Mauldin-Easley 66
Myrtle Beach-Conway-N. Myrtle 93
Augusta-Richmond County, Ga.* 104
Charlotte-Gastonia-Concord, N.C.* 127
Columbia 155
Spartanburg 172
*Out-of-state MSAs include parts of South Carolina.
Nationally, RealtyTrac reported that 0.63% of homes, or 803,489 homes, in the United States had a foreclosure filing in the first quarter of 2009.
Last week, RealtyTrac reported a 9% increase in foreclosure activity nationwide between the last quarter of 2008 and the first quarter of 2009. Saccacio attributed a declining rate of bank repossession of foreclosed properties, called REOs, to moratoriums on foreclosures.
RealtyTrac forecast that a large number of new notices of default and a lifting of those moratoriums could increase the numbers of REOs in the second quarter of 2009.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Foreclosures, Unemployment and Price Drops
Diana Olick from CNBC mentions Charleston, SC in her report regarding home prices dropping. She mentions Charleston at approximately the 1:06 mark on the video. This is ironic since I just made a presentation, have been on the radio and emailed numerous real estate individuals about this major foreclosure problem here in Charleston. I am currently working on some solutions but can tell you that nothing can stop this trend from slowing down. Moratoriums just delay the inevitable and nature will take its course.
Moving higher in the RealtyTrac Foreclosure Ranking Poll is NOT something Charleston wants to be known for but it is reality and currently happening at an accelerating pace. We are currently ranked #51 and rising out of 203 metro markets. This increasing foreclosure cycle will place further pressure on home prices so "Buyer Be Aware."
Many of the foreclosures are driven by unemployment, which is not pretty in Charleston right now and above the national average.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Moving higher in the RealtyTrac Foreclosure Ranking Poll is NOT something Charleston wants to be known for but it is reality and currently happening at an accelerating pace. We are currently ranked #51 and rising out of 203 metro markets. This increasing foreclosure cycle will place further pressure on home prices so "Buyer Be Aware."
Many of the foreclosures are driven by unemployment, which is not pretty in Charleston right now and above the national average.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
U.S. Metro Foreclosure Market Data – Q1 2009
SUN BELT CITIES TOP LIST OF NATION’S METRO FORECLOSURE RATES IN FIRST QUARTER ACCORDING TO REALTYTRAC®
California, Florida, Nevada, Arizona Account for Top 26 Metro Rates
Las Vegas, Merced and Cape Coral-Fort Myers Post Three Highest Rates
IRVINE, Calif. – April 22, 2009 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Metropolitan Foreclosure Market Report for Q1 2009, which shows cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates in the first quarter among metro areas with a population of 200,000 or more.
Las Vegas posted the highest metro rate, with 4.48 percent of its housing units receiving a foreclosure filing during the quarter (one in every 22) — more than seven times the national average. Merced, Calif., documented the second highest metro foreclosure rate, with 4.21 percent of its housing units receiving a foreclosure filing (one in every 24), and Cape Coral-Fort Myers, Fla., recorded the third highest metro foreclosure rate, with 3.85 percent of its housing units receiving a foreclosure filing (one in every 26).
“The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relatively small number of hard hit areas,” said James J. Saccacio, chief executive officer of RealtyTrac. “Sales activity appears to be increasing in some of these markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors. While we expect many of these metro areas to continue to experience high levels of foreclosure activity throughout 2009, we also expect to see other markets rise up the ranks as unemployment rates surge throughout the country.”
Other metro areas in the top 10 were the California cities of Stockton, Riverside-San Bernardino, Modesto, Bakersfield, and Vallejo-Fairfield, along with Phoenix and Port St. Lucie, Fla. Thirteen of the top 26 metro foreclosure rates were in California, nine were in Florida, and Nevada and Arizona each added two to the Top 26list.
Report methodology
The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter. Data is also available at the individual county level and MSA level for both Q1 2009 and March 2009.
Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month or quarter, only the most recent filing is counted in the report.
U.S. Metro Foreclosure Market Data – Q1 2009
Report methodology
The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter. Data is also available at the individual county level and MSA level for both Q1 2009 and March 2009.
Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month or quarter, only the most recent filing is counted in the report.
About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate. RealtyTrac’s foreclosure data has also been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
California, Florida, Nevada, Arizona Account for Top 26 Metro Rates
Las Vegas, Merced and Cape Coral-Fort Myers Post Three Highest Rates
IRVINE, Calif. – April 22, 2009 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Metropolitan Foreclosure Market Report for Q1 2009, which shows cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates in the first quarter among metro areas with a population of 200,000 or more.
Las Vegas posted the highest metro rate, with 4.48 percent of its housing units receiving a foreclosure filing during the quarter (one in every 22) — more than seven times the national average. Merced, Calif., documented the second highest metro foreclosure rate, with 4.21 percent of its housing units receiving a foreclosure filing (one in every 24), and Cape Coral-Fort Myers, Fla., recorded the third highest metro foreclosure rate, with 3.85 percent of its housing units receiving a foreclosure filing (one in every 26).
“The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relatively small number of hard hit areas,” said James J. Saccacio, chief executive officer of RealtyTrac. “Sales activity appears to be increasing in some of these markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors. While we expect many of these metro areas to continue to experience high levels of foreclosure activity throughout 2009, we also expect to see other markets rise up the ranks as unemployment rates surge throughout the country.”
Other metro areas in the top 10 were the California cities of Stockton, Riverside-San Bernardino, Modesto, Bakersfield, and Vallejo-Fairfield, along with Phoenix and Port St. Lucie, Fla. Thirteen of the top 26 metro foreclosure rates were in California, nine were in Florida, and Nevada and Arizona each added two to the Top 26list.
Report methodology
The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter. Data is also available at the individual county level and MSA level for both Q1 2009 and March 2009.
Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month or quarter, only the most recent filing is counted in the report.
U.S. Metro Foreclosure Market Data – Q1 2009
Report methodology
The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter. Data is also available at the individual county level and MSA level for both Q1 2009 and March 2009.
Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month or quarter, only the most recent filing is counted in the report.
About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate. RealtyTrac’s foreclosure data has also been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Tuesday, April 21, 2009
Charleston, SC Real Estate Trends and Forecast PowerPoint
I recently gave part of this presentation at a networking event for the Carter Real Estate Center at the College of Charleston. This presentation shows the current trends and forecasts what I see happening in the local Charleston real estate market. It is a very thorough presentation with over 50 slides.
If you are not currently registered on Brad's website you will need to go to the link below and register:
CMR Registration Link
It is a very simple process. Once you gain access to the website with a username and password the PowerPoint is in a pdf in the Newsletter section under April 2009.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
If you are not currently registered on Brad's website you will need to go to the link below and register:
CMR Registration Link
It is a very simple process. Once you gain access to the website with a username and password the PowerPoint is in a pdf in the Newsletter section under April 2009.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Friday, April 03, 2009
Mortgage Modifications
We are experiencing a vicious cycle of mortgage defaults. It is really complicated and messy due to the securitization of mortgages that led us into this mess years ago. It would be much easier to unwind if banks held the loans on their books like the good old days.
The chart below is the primary reason we are in this nasty cycle. The combination of mortgage resets and decling home prices really is creating havoc among many homeowners.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
The chart below is the primary reason we are in this nasty cycle. The combination of mortgage resets and decling home prices really is creating havoc among many homeowners.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Thursday, April 02, 2009
Hail to Thy New World Order
Amazing how brazen these "leaders" are becoming as they attempt to make the world a better place.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Wednesday, April 01, 2009
Negative to Positive Thinking
A major trend many of us need to change is switch our attitudes from being negative to more positive. I recently discovered a great blog called Jon Gordon's Blog that focuses entirely on this process.
This is a very difficult situation for myself since I have to spend a great deal of time researching the economy everyday which is full of negative news and events. It is easy to appear and feel negative when you are merely reporting the truth. I am not one to put lipstick on a pig.
Below are some simple bullets on how to "Feed the positive dog" from Jon's great blog.
*Practice Gratitude - You can’t be stressed and thankful at the same time. Gratitude is like muscle the more you do it the stronger it gets. Take 10 minutes each day and make a list of what you are thankful for. You will fill your body and brain with costless and priceless anti-depressants.
*Take a Walk of Gratitude/Prayer - I do this each morning and it feeds me all day long.
*Turn off the News - Starve the negative dog.
*Smile More - It enhances your serotonin levels and uplifts you.
*Focus on Get to vs Have to - Read the article here.
*Read Uplifting Books - I happen to know of a few good ones
*Get together with a positive, uplifting person.
*Call or visit someone who has made a difference in your life and thank them. (research shows this is a huge happiness booster)
*Write a Few Thank You Notes Today - When you thank others you feed them and yourself.
*Focus on God instead of Gold - For more read, Matthew 6:33
*Start a Success Journal - Write down the one great thing about your day. The more you look for success, the more you will find it.
*Practice the 5 Things To Do Instead of Complain. Download here. (PDF)
*Decide to Make a Difference - When you help other people with their problems you forget about your own.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
This is a very difficult situation for myself since I have to spend a great deal of time researching the economy everyday which is full of negative news and events. It is easy to appear and feel negative when you are merely reporting the truth. I am not one to put lipstick on a pig.
Below are some simple bullets on how to "Feed the positive dog" from Jon's great blog.
*Practice Gratitude - You can’t be stressed and thankful at the same time. Gratitude is like muscle the more you do it the stronger it gets. Take 10 minutes each day and make a list of what you are thankful for. You will fill your body and brain with costless and priceless anti-depressants.
*Take a Walk of Gratitude/Prayer - I do this each morning and it feeds me all day long.
*Turn off the News - Starve the negative dog.
*Smile More - It enhances your serotonin levels and uplifts you.
*Focus on Get to vs Have to - Read the article here.
*Read Uplifting Books - I happen to know of a few good ones
*Get together with a positive, uplifting person.
*Call or visit someone who has made a difference in your life and thank them. (research shows this is a huge happiness booster)
*Write a Few Thank You Notes Today - When you thank others you feed them and yourself.
*Focus on God instead of Gold - For more read, Matthew 6:33
*Start a Success Journal - Write down the one great thing about your day. The more you look for success, the more you will find it.
*Practice the 5 Things To Do Instead of Complain. Download here. (PDF)
*Decide to Make a Difference - When you help other people with their problems you forget about your own.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Short Sales and Foreclosures
This pdf produced by the NAR a year ago is a good start at identifying problems in the short sale process. However, the process still sucks as banks and lenders are overwhelmed and understaffed to deal with this issue. This creates a bottleneck in the correction of housing prices. The banks and lenders are keeping many of their distressed properties out of sight so the market often does not have a clear picture of existing market conditions which makes risk higher for buyers.
In my opinion, the key to this problem is creating an auction platform for all short sales and foreclosures and having full cooperation of banks and lenders so that there is complete transparency of all these assets in each local market.
Easier said than done.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
In my opinion, the key to this problem is creating an auction platform for all short sales and foreclosures and having full cooperation of banks and lenders so that there is complete transparency of all these assets in each local market.
Easier said than done.
Disclaimer:This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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