Here are 100 unforgettable John Wooden quotes

Posted on November 8, 2017 by admin

1. “Whatever you do in life, surround yourself with smart people who’ll argue with you.” – John Wooden

2. “Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.” – John Wooden

3. “Make each day your masterpiece“ – John Wooden

4. “If you’re not making mistakes, then you’re not doing anything. I’m positive that a doer makes mistakes.” – John Wooden

5. “Be true to yourself, help others, make each day your masterpiece, make friendship a fine art, drink deeply from good books – especially the Bible, build a shelter against a rainy day, give thanks for your blessings and pray for guidance every day.” – John Wooden

6. “Things turn out best for the people who make the best of the way things turn out.” – John Wooden

7. “There are many things that are essential to arriving at true peace of mind, and one of the most important is faith, which cannot be acquired without prayer.” – John Wooden

8. “If you don’t have time to do it right, when will you have time to do it over?” – John Wooden

9. “Success comes from knowing that you did your best to become the best that you are capable of becoming.” – John Wooden

10. “Success is never final, failure is never fatal. It’s courage that counts.” – John Wooden

11. “Success is peace of mind, which is a direct result of self-satisfaction in knowing you made the effort to become the best of which you are capable.” – John Wooden

12. “In the end, it’s about the teaching, and what I always loved about coaching was the practices. Not the games, not the tournaments, not the alumni stuff. But teaching the players during practice was what coaching was all about to me.” – John Wooden

13. “Just try to be the best you can be; never cease trying to be the best you can be. That’s in your power.” – John Wooden

14. “A coach is someone who can give correction without causing resentment.” – John Wooden

15. “The best competition I have is against myself to become better. – John Wooden

16. “The most important thing in the world is family and love.” – John Wooden

17. “I had three rules for my players: No profanity. Don’t criticize a teammate. Never be late.” – John Wooden

18. “Failure is not fatal, but failure to change might be.” – John Wooden

19. “The worst thing about new books is that they keep us from reading the old ones.” – John Wooden

20th John Wooden Quote – “Passion is momentary; love is enduring.” – John Wooden

21. “You can’t let praise or criticism get to you. It’s a weakness to get caught up in either one.” – John Wooden

22. “Friendship is two-sided. It isn’t a friend just because someone’s doing something nice for you. That’s a nice person. There’s friendship when you do for each other. It’s like marriage – it’s two-sided.” – John Wooden

23. “Do not let what you cannot do interfere with what you can do.” – John Wooden

24. “Adversity is the state in which man most easily becomes acquainted with himself, being especially free of admirers then.” – John Wooden

25. “My eyesight is not nearly as good. My hearing is probably going away. My memory is slipping too. But I’m still around.” – John Wooden

26. “There’s as much crookedness as you want to find. There was something Abraham Lincoln said – he’d rather trust and be disappointed than distrust and be miserable all the time. Maybe I trusted too much.” – John Wooden

27. “Young people need models, not critics.” – John Wooden

28. “You can lose when you outscore somebody in a game. And you can win when you’re outscored.” – John Wooden

29. “I am just a common man who is true to his beliefs.” – John Wooden

30. “Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are.” – John Wooden

31. “I think the teaching profession contributes more to the future of our society than any other single profession.” – John Wooden

32. “Never mistake activity for achievement.” – John Wooden

33. “What you are as a person is far more important than what you are as a basketball player.” – John Wooden

34. “It’s what you learn after you know it all that counts.”– John Wooden

35. “I think you have to be what you are. Don’t try to be somebody else. You have to be yourself at all times.” – John Wooden

36. “Be true to yourself. Make each day a masterpiece. Help others. Drink deeply from good books. Make friendship a fine art. Build a shelter against a rainy day.” – John Wooden

37. “It isn’t what you do, but how you do it.” – John Wooden

38. “Don’t let making a living prevent you from making a life.” – John Wooden

39. “All of life is peaks and valleys. Don’t let the peaks get too high and the valleys too low.” – John Wooden

40th John Wooden Quote – “Today is the only day. Yesterday is gone.” – John Wooden

41. “Material possessions, winning scores, and great reputations are meaningless in the eyes of the Lord, because He knows what we really are and that is all that matters.” – John Wooden

42. “Consider the rights of others before your own feelings, and the feelings of others before your own rights.” – John Wooden

43. “Don’t measure yourself by what you have accomplished, but by what you should have accomplished with your ability.” – John Wooden

44. “I worry that business leaders are more interested in material gain than they are in having the patience to build up a strong organization, and a strong organization starts with caring for their people.” – John Wooden

45. “I’d rather have a lot of talent and a little experience than a lot of experience and a little talent.” – John Wooden

46. “Well, if you’re true to yourself you’re going to be true to everyone else.” – John Wooden

47. “Winning takes talent, to repeat takes character.” – John Wooden

48. “Defense is a definite part of the game, and a great part of defense is learning to play it without fouling.” – John Wooden

49. “Don’t give up on your dreams, or your dreams will give up on you.” – John Wooden

50. “If I were a young coach today, I would be extremely careful in selecting assistants.” – John Wooden

50. “Teaching players during practices was what coaching was all about to me.” – John Wooden

52. “Discipline yourself, and others won’t need to.” – John Wooden

53. “If a player’s not doing the things he should, put him on the bench. He’ll come around.” – John Wooden

54. “The main ingredient of stardom is the rest of the team.” – John Wooden

55. “Well, your greatest joy definitely comes from doing something for another, especially when it was done with no thought of something in return.” – John Wooden

56. “We can have no progress without change, whether it be basketball or anything else.” – John Wooden

57. “When you hurry you’re more apt to make mistakes. But you have to be quick. If you’re not quick you can’t get things done.” – John Wooden

58. “Somebody asked me – you know, how come it took you so long to win a national championship? And I said, ‘I’m a slow learner; but you notice when I learn something, I have it down pretty good.’” – John Wooden

59. “Ability is a poor man’s wealth.” – John Wooden

60. “I don’t believe in praying to win.” – John Wooden

61. “You can’t live a perfect day without doing something for someone who will never be able to repay you.” – John Wooden

62. “Just do the best you can. No one can do more than that.” – John Wooden

63. “It’s not so important who starts the game but who finishes it.” – John Wooden

64. “I think that in any group activity – whether it be business, sports, or family – there has to be leadership or it won’t be successful.” – John Wooden

65. “I’m not going to say I was opposed to the Vietnam War. I’m going to say I’m opposed to war. But I’m also opposed to protests that deny other people their rights.” – John Wooden

66. “Be prepared and be honest.” – John Wooden

67. “If I am through learning, I am through.” – John Wooden

68. “Love is the most important thing in the world. Hate, we should remove from the dictionary.” – John Wooden

69. “Earn the right to be proud and confident.” – John Wooden

70. “I think permitting the game to become too physical takes away a little bit of the beauty.” – John Wooden

71. “I don’t think I was a fine game coach. I’m trying to be honest. I think I was a good practice coach.” – John Wooden

72. “I don’t believe in fate.” – John Wooden

73. “You can do more good by being good than any other way.” – John Wooden

74. “If there’s anything you could point out where I was a little different, it was the fact that I never mentioned winning.” – John Wooden

75. “I’m no wizard, and I don’t like being thought of in that light at all. I think of a wizard as being some sort of magician or something, doing something on the sly or something, and I don’t want to be thought of in that way.” – John Wooden

76. “No one can really honestly be the very best, no one.” – John Wooden

77. “Never lie, never cheat, never steal.” – John Wooden

78. “I talked to the players and tried to make them aware of what was good and bad, but I didn’t try to run their lives.” – John Wooden

79. “I like to spend time in the past, with the things that have been important to me.” – John Wooden

80th John Wooden Quote -“I was built up from my dad more than anyone else.” – John Wooden

81. “It takes time to create excellence. If it could be done quickly, more people would do it.” – John Wooden

82. “The best thing a father can do for his children is to love their mother.” ― John Wooden

83. “Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.” ― John Wooden

84. “Ability may get you to the top, but it takes character to keep you there.” ― John Wooden

85. “Never make excuses. Your friends don’t need them and your foes won’t believe them.” ― John Wooden

86. “Seek opportunities to show you care. The smallest gestures often make the biggest difference.” ― John Wooden

87. “It is amazing how much can be accomplished if no one cares who gets the credit.” ― John Wooden

88. “Don’t let yesterday take up too much of today.” ― John Wooden

89. “Failing to prepare is preparing to fail.” ― John Wooden

90. “It is the little details that are vital. Little things make big things happen.” – John Wooden

91. “Happiness begins where selfishness ends.” ― John Wooden

92. “Players with fight never lose a game, they just run out of time” ― John Wooden

93. “Listen if you want to be heard” ― John Wooden

94. “Never try to be better than someone else. Learn from others, and try to be the best you can be. Success is the by-product of that preparation.” ― John Wooden

95. “Nothing will work unless you do.” – John Wooden

96. “Being a role model is the most powerful form of educating…too often fathers neglect it because they get so caught up in making a living they forget to make a life.” ― John Wooden

97. “Tell the truth. That way you don’t have to remember a story.” – John Wooden

98. “If we magnified blessings as much as we magnify disappointments, we would all be much happier.” – John Wooden

99. “You are not a failure until you start blaming others for your mistakes” – John Wooden

100. “Although there is no progress without change, not all change is progress.” – John Wooden

Which John Wooden quote is your favorite and why? Share in the comment section below!

Orlando Real Estate Market Pulse July 2017

Posted on August 16, 2017 by admin

Orlando median price rises as home sales slow in July

The median price of Orlando homes sold during the month of July increased almost 7 percent while sales decreased 0.2 percent compared to July 2016, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide.

Orlando’s overall median home price (all home types combined) is $220,000, which is 6.8 percent above the July 2016 median price of $206,000. Year-over-year increases in median price have been recorded for the past 72 consecutive months; as of July 2017, the overall median price has more than doubled since July 2010.

The median price for single-family homes that changed hands in July increased 4.7 percent over July 2016 and is now $240,000. The median price for condos increased 21.0 percent to $115,000.

The overall average home price for July 2017 is $263,877, an increase of 8.3 percent over the average home price in July 2016. The average home listed for $271,002 in July and sold for 97.4 percent of its listing price (97.3 percent in July 2016).

Sales

Members of ORRA participated in 3,347 sales of all home types combined in July, which is 0.2 percent less than the 3,353 sales in July 2016 and 13.8 percent less than the 3,882 sales in June 2017.

ORRA President Bruce Elliott, Regal R.E. Professionals LLC, explains that demand for homes is strong, but the supply of homes, especially those under $250,000, remains low.

“Would-be first-time homebuyers are being kept on the sidelines by limited inventory and rising prices,” says Elliott. “However, rising prices have slowed some of the investor activity, which could mean slightly less competition for homes at the lower end of the market.”

Sales of single-family homes (2,634) in July 2017 decreased by 0.9 percent compared to July 2016, while condo sales (383) increased 6.1 percent.

Sales of distressed homes (foreclosures and short sales) reached only 202 in July and is 46.0 percent less than in July 2016. Distressed sales made up 6.0 percent of all Orlando-area transactions last month.

The average interest rate paid by Orlando homebuyers in July was 4.01 percent, up from 3.98 percent the month prior.

The overall inventory of homes that were available for purchase in July (9,051) represents a decrease of 15.0 percent when compared to July 2016, and a 1.0 percent decrease compared to last month. There were 13.3 percent fewer single family homes and 25.5 percent fewer condos.

Current inventory combined with the current pace of sales created a 2.7-month supply of homes in Orlando for July. There was a 3.2-month supply in July 2016 and a 2.4-month supply last month.

MSA Numbers

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in July were down by 0.1 percent when compared to July of 2016. Year to date, MSA sales are up 5.2 percent

Each individual county’s sales comparisons are as follows:

•Lake: 12.2 percent above July 2016;
•Orange: 0.5 percent below July 2016;
•Osceola: 0.7 percent above July 2016; and
•Seminole: 8.7 percent below July 2016.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales, referred to as the core market, represent all sales by members of the Orlando Regional REALTOR® Association, not necessarily those sales strictly in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

It’s getting easier to qualify for a mortgage

Posted on August 10, 2017 by admin

The demand for housing is high and rents are sky-rocketing, but on the bright side, mortgages are becoming easier to get. Banks feel more confident in the market and so should you.

NEW YORK – Aug. 8, 2017 – Thanks in part to rising home prices, some mortgage lenders are loosening their underwriting standards so borrowers can purchase property sooner.

“The reality has sunk in that there are buyers out there who will be able to buy homes and make the mortgage payments,” William E. Brown, president of the National Association of Realtors^® (NAR), told the industry news website OriginatorTimes.com. The industry is “trying to give them more options to buy a house,” he added.

Mortgage giants Freddie Mac and Fannie Mae are rolling out new programs to spur homeownership, and some lenders are relaxing their standards to avoid losing business as home prices and mortgage rates rise, says Guy Cecala, publisher of Inside Mortgage Finance.

“If your business is going to drop 20 percent, you need to come up with ways to offset that,” Cecala says.

Some analysts say that this shouldn’t create fear: Lenders aren’t returning to the lax standards that were commonplace before the last housing crash. Back then, some mortgage borrowers didn’t have to put any money down to buy a home.

Still, others in the industry warn lenders to be vigilant against creating another unsustainable housing boom by relaxing underwriting rules too much.

“This is what happened last time,” says Edward Pinto, a fellow at conservative think tank American Enterprise Institute.

Underwriting standards still remain stricter than in the past. Though borrowers have more loan options, such as 3 percent down mortgages, they typically must meet higher credit requirements to qualify. Also, Fannie Mae and Freddie Mac’s 3 percent down loans are capped at $424,100.

Following the housing crisis, Fannie established a debt-to-income cap of 45 percent, making an exception for borrowers who put at least 20 percent down and could show they had enough savings to pay their mortgage for 12 months if they lost a job. But last month, Fannie did away with those special requirements and raised its cap to 50 percent, though borrowers with a debt-to-income ratio between 45 percent and 50 percent still have to prove their creditworthiness in order to get a loan.

The Urban Institute called Fannie’s new policy “a win for expanding access to credit” and estimated it would lead to the approval of 95,000 new loans annually.

Freddie Mac also recently launched a pilot program to allow borrowers to use income from household members not on the loan. Freddie officials said the move was to help increase opportunities for Latinos, who often live in multigenerational households.

Laurie Goodman of the Urban Institute says that, overall, the changes lenders are making are “very marginal.” The Urban Institute index shows that loans today are still less risky than they were between 2000 and 2002, a time period when lending standards were considered “reasonable,” the institute says.

Source: “As Prices Rise, Mortgage Lenders Are Making It Easier to Buy a House,” OrignatorTimes.com (Aug. 5, 2017)

Life Planning for Beginners

Posted on July 28, 2017 by admin

Photo courtesy of Pixabay by Tawney Nina

How much does it cost to have a baby? Recent studies have determined, after factoring for inflation, that the average cost to raise a child is a whopping $245,000. That estimate only includes infancy through age 18, and doesn’t even take college costs or other post-college expenses into consideration.

$245,000 per child is a staggering number for most. If you have a family or plan on starting one, you may be wondering how you’re supposed to afford to have a child. Wouldn’t things be so much easier if this life planning stuff came with its own instruction manual? While we live in the real world where tricky situations don’t come with their own handy instructions, there is still a lot of time-tested wisdom out there and plenty of experts who are willing to share their advice with us.

Here are a few tips from the financial experts:

Prepare for a New Baby
Research shows that, given the same income, people who commit to a financial plan are much more successful in saving up for their goals. The same is true for planning a family and saving up for a good future for your children. For couples who are saving up together, having a financial plan in place will help them see eye to eye and (hopefully) be more successful in reaching their goals.

Planning for a new baby can start during pregnancy, or anytime prior to conception. A recent Parents.com article offers a nine-month strategy for family planning. In addition to the common sense advice of cutting debts and tracking pennies, some of the other recommendations include: updating life insurance beneficiaries; evaluate pricing for various childcare options; and even the grim yet necessary task of writing a will (and choosing a guardian for your child) and putting together other necessary documents just in case something happens to you. Another important aspect of family planning is choosing a safe place to live. Evaluate the area you live in now and think about whether you would feel comfortable raising children there. These aren’t always the things that we want to think about, but they are absolutely necessary to think about when bringing a new life into this world and raising that life through adulthood.

Build a Nest Egg
Author Dave Ramsey, who is known for his helpful books and radio show on paying off debts and achieving financial stability, recommends building up a nest egg as soon as you can. Start by saving up $1,000 in a savings account, while you are still working to pay off your debts.

Eventually, you’ll also want to save up enough money to cover 3 to 6 months of your expenses. Why? There are no guarantees in life. Hopefully, you don’t lose your job, get in an accident, have to have an unexpected surgery, or encounter another situation where you might struggle to pay your bills. This savings covers your bills just in case anything happens and keeps you from slipping further into debt.

Having a solid nest egg will also come in handy should you want to make family investments such as purchasing an investment property, buying a larger home to accommodate your growing family, set up a college fund for your child, or even family vacations. Apart from your main bank account, consider setting up a separate bank account for expenses and investments. Commit to putting a little bit of money in each month, sit back, and watch it grow.

Get Help from an Actual Human

If you’re finding it difficult to navigate your way through life planning and finances on your own, there are people out there who can help. It might be time to find a financial adviser who can assess your unique situation and help you determine a plan that fits your needs. Forbes recently released a list of tips for picking the right financial adviser, which you can read here.

Once you’ve followed these tips, you’ll be off to a good start. If you already have children, you’ll rest easier (well, as easily as you can rest with children in the house) knowing that you’re making important decisions to positively influence your child’s future. And if you don’t have children yet, you’ll be able to focus more energy on eagerly anticipating your future family, knowing you’re financially prepared for your little ones to arrive.

Author: Jackie Waters (Hyper-Tidy.com)

How to Check for Contaminated Land Before You Buy

Posted on June 20, 2017 by admin

Recently I was working with a buyer who was looking for a piece of property at an absolute auction. After doing some due diligence and research we discovered that there used to be a gas station previously and tanks leaked. The land and water supply is now contaminated and clean up efforts are being made. The cleanup is estimated to cost around $400k. A deal quickly turned into a dud.

Use this map below to locate contaminated land. You can choose one or more search criteria:


Brownfields	Sites in this category are being cleaned up under Florida’s Brownfields Redevelopment Program. Brownfields are properties that are abandoned or underutilized due to actual or perceived contamination. This program provides legal and financial incentives to persons who voluntarily clean up and redevelop brownfield sites in accordance with the program requirements.
Petroleum	These are sites contaminated by discharges of petroleum and petroleum products from underground and above ground stationary petroleum storage systems. Many of these sites are eligible to be cleaned up by the DEP (in priority order) while others will be cleaned up by the party responsible for the contamination, under DEP’s direction.
Superfund	These are contaminated sites that are being cleaned up by the federal Superfund program under the direction of the U.S. Environmental Protection Agency and in cooperation with the DEP.
Other Waste Cleanup	These are sites contaminated by non-petroleum chemicals that fall under one of the following five cleanup programs. Some of these sites are in the process of being cleaned up; others are on priority lists awaiting funding. Drycleaning: Sites contaminated with drycleaning solvents that are eligible to be cleaned up by the DEP Responsible Party: Sites that will be cleaned up by the party responsible for the contamination or by a party that did not cause the contamination but has accepted responsibility for cleanup State Funded: Sites that will be cleaned up by the DEP because there is no party identified that is responsible for the contamination or able to clean it up State-Owned Lands Cleanup: Sites on state properties (such as state parks or state-owned buildings) that will be cleaned up by the DEP Hazardous Waste: Sites at regulated hazardous waste facilities that will be cleaned up by the facility owner or operator in accordance with the federal hazardous waste program.

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Investors are focusing on brand new homes to rent out

Posted on May 30, 2017 by admin

Rents and prices are on the rise in Central Florida, especially close to Orlando, FL center. I see a lot of apartments being built and I also noticed that out of state and out of country investors are looking to buy brand new homes to keep as a rental.

I’ve been a Landlord for a long time and I learned that monthly rent is similar weather the property is in a bad neighborhood vs or a good neighborhood. However, the quality of the tenant you are able to secure in a better area and ability to collect the rent makes a big difference. So, even though an old and beat up property in a rundown neighborhood may seem like it has better cash-flow on paper, after adding the turnover expenses, repairs and collection costs, more expensive properties are less headache and more consistent cash-flow.

Combine that with low inventory in Orlando, FL area, it makes sense why investors are so attracted to brand new construction.

NEW YORK – May 26, 2017 – Investment companies are betting big that the rental boom will continue, which is why they’re still snatching up properties even as foreclosures dry up.

Following the financial crisis, investors purchased foreclosures on the cheap and then rented these single-family homes out for profit. It’s a move that worked for several years, but now there are fewer foreclosures to buy, home prices are on the rise, and there’s fewer homes overall on the market. That has prompted more investors to turn their focus to build-to-rent: If they can’t find a home to rent, they’ll build one themselves.

Indeed, American Homes 4 Rent, the largest publicly traded landlord by number of homes, is buying up lots and houses. U.S. Colony Starwood Homes says it plans to buy at least 600 just-built properties over the next year from more than a dozen builders. AHV Communities LLC says it’s planning to buy entire neighborhoods of single-family residences that would be available for renting.

Landlord companies believe there are a lot of people who want single-family homes but still can’t afford to buy them. They believe the rental market will stay strong for the foreseeable future.

Buying new costs investment firms more than acquiring an existing home, however. Companies are searching for discounts from builders. They’re also able to put less into maintenance and repairs on the new homes to cover some of the added costs of buying new.

Investors are betting that newer homes will bring in higher yields than existing properties. A new single-family rental tends to fetch a higher rent – 5 percent to 8 percent more than an older, renovated home – according to Alex Sifakis, president of JWB Real Estate Capital, which has built around 450 rental homes in Jacksonville, Fla., since 2011.

Still, some industry analysts warn that landlord companies may be miscalculating how long the rental boom will really stick around. True, the homeownership rate in the U.S. has been hovering near a 51-year low. However, the number of owner-occupied homes increased faster than the number of renting households for the first time since 2006 in the first quarter of this year, Census data shows.

Source: “Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look,” Bloomberg (May 22, 2017)

Improve indoor air quality in Florida with plants

Posted on December 16, 2016 by admin

WASHINGTON – Thirty years ago, a NASA study found that certain houseplants can help clean the air inside space stations, and since that time, studies have confirmed that the same houseplants may be able to do that for a home or office too.

Beyond air quality, other studies have linked certain houseplants to an increase in productivity, calmness, creativity and even a better night’s sleep.

NASA recommends placing up to 18 plants in an 1,800-square-foot house to help purify the air. The best plants to use? Studies highlight these:

Philodendron
Aloe
Snake plant
Peace lily
English Ivy
Spider plant
Gerbera Daisy
Dragon tree
Bamboo

Source: “NASA’s Top Houseplants for Improving Your Wellbeing and Removing Air Pollution,” inhabitat.com (Nov. 15, 2016)

Report: Orlando Home prices still ‘have room to run’

Posted on December 7, 2016 by admin

WASHINGTON – Dec. 6, 2016 – There’s still a lot of equity-building potential for homeowners. Freddie Mac’s Multi-Indicator Market Index (MiMi) stands at 86, which the mortgage giant says is on the “outer edge of its historic benchmark range of housing activity.”

In Florida, the Index is a bit better coming in at 86.7 in the latest reading. An index score of 100 indicates a housing market that equals its historic, long-term average.

However, Freddie also found that Florida ranked second behind Nevada for most improved state year-to-year. In Fla., the index rose 11.58 percent compared to Nevada’s 11.74 percent. Freddie Mac’s study found it “in range” of its historically stable housing market and “improving.” Two Florida cities – Orlando and Tampa – rank in the top five nationally for “most improved.”

MiMi assesses each market – national, state and selected metro areas – relative to its own long-term stable range by looking at home purchase applications, payment-to-income ratios (changes in home purchasing power based on house prices, mortgage rates and household income), proportion of current mortgage payments in each market and the local employment picture.

The index nationwide has climbed 45 percent since its all-time low set in 2010. It continues to trail below its historic benchmark normalized of 100 and far from its high of 121.7.

“The purchase applications indicator is up nearly 19 percent from last year, indicating strong housing demand and a market that’s poised to close out the best year in home sales in a decade,” says Len Kiefer, Freddie Mac’s deputy chief economist. “National home prices have surpassed their pre-recession nominal peak with about half of states still below their pre-recession peak. Factoring in low mortgage rates and modest income gains, house prices still have some room to run, as indicated by the MiMi payment-to-income indicator which is nearly 33 percent below its historic benchmark.”

Forty-one of the 50 states, plus the District of Columbia, have MiMi values within range of benchmark averages.

MiMi state ranking for most improved year-to-year

Nevada (+11.74 percent
Florida (+11.58 percent)
Massachusetts (+11.35 percent)
Mississippi (+9.76 percent)
New Jersey (+9.61 percent)

MiMi metro ranking for most improved year-to-year

Orlando, Fla. (+17.85 percent)
Worcester, Mass. (+14.49 percent)
Tampa, Fla. (+14.36 percent)
Chattanooga, Tenn. (+14.20 percent)
Dallas, Texas (+13.89 percent)

If you’ve been sitting on the sidelines, what are you waiting for? Get in and start building equity.

Not sure where to start? Let me help you. Contact me at http://TopOrlandoRealty.com

Colors that make a room look bigger

Posted on September 15, 2016 by admin

CHICAGO – Sept. 14, 2016 – A room’s size is sometimes a matter of perception, and the paint color on the walls has a lot to with that perception. Some colors can actually make a room appear smaller, while other colors can make the walls expand and feel larger. Realtor.com® recently highlighted some of the paint colors to create the illusion of more space, including:

White: White reflects light, thereby making a space look brighter and feel more open. “White will make any room appear bigger and complement the natural lighting,” Than Merrill, a real estate investor and host of A&E’s “Flip This House” told realtor.com®.

Yellow: A creamy and soft yellow can also reflect light, and can create a softer alternative to white (as long as it’s not too bold of a yellow). Add white accents, such as on the trim, to add further dimension to the room.

Gray: A calming, light shade can help expand a room and, unlike white, doesn’t cast off a glare.

Monochromatic color schemes: Use a monochromatic color scheme for the entire space to open it up (in other words, stick with the white, gray or soft yellow and don’t introduce then a bolder color).

“Choose rugs, furniture, and accents in similar shades – like a patterned rug in white and light gray,” realtor.com®’s article suggests. “This creates a minimalist, clean look that makes the entire space feel larger.”

Source: “What Colors Make a Room Look Bigger?” realtor.com® (Sept. 9, 2016)

Orlando Real Estate Bubble

Posted on August 9, 2016 by admin

Bubble trouble? Four fundamentals you need to know

By Larry Kendall, chairman of The Group Inc. and author of Ninja Selling

ORLANDO, Fla. – Aug. 4, 2016 – “Are we experiencing a real estate bubble?” This is a question we’re being asked more and more by customers, investors, media and even our team members.

Dr. Lawrence Yun, chief economist for the National Association of Realtors^® doesn’t see a bubble at the present for three reasons:

1.A shortage of supply in both new and resale housing. Bubbles are usually the result of oversupply.

2.Interest rates are lower now than in the bubble years of the mid-2000s resulting in better affordability.

3.There is no sub-prime lending causing people who are unqualified to buy housing and then default.

But real estate markets are local and cyclical. A local market can experience a bubble while the national market is cruising along just fine. Even sub-markets such as condos, apartments, office or retail can experience bubbles within a strong overall real estate market.

Do you know how to forecast the real estate cycle in your market? There are four fundamentals you should be tracking. As a leader, you need to be the first to spot the changes so you can put your team and your customers in a position to exploit the inevitable. Here they are:

1.Employment. Employment is a leading indicator of a real estate market cycle by 12 to 18 months. This is your earliest warning signal of change. Contact your state employment office and get on their mailing list to receive the monthly employment numbers for your county (or go to their website). Watch for a change in employment (either up or down). Compare the number of people employed last month to the same month a year ago. Is the number rising or falling? This is your best crystal ball, giving you a 12- to 18-month head start.

2.Appreciation. Go to the government website www.fhfa.gov and download their quarterly “House Price Index” report. This is a long report (usually 75 pages), so scroll down to the charts that give you “House Price Appreciation by State” and 300 individual metropolitan markets. These charts show the house price appreciation for the last year, the last quarter, the last five years and since 1991. Want to see if a market is speeding up or slowing down? Take the quarterly change in prices for a market and annualize it (multiply times four). Then, compare this number to the annual price change. Some markets are seasonal, so be careful about jumping to conclusions based on just one quarter. Start tracking each quarter and you will spot the trends.

3.Affordability. The three components of affordability are house price, household income and interest rates. Ultimately, home prices and real estate activity are a function of people’s ability to pay. Track these components to see if the median household income can afford the median-priced home.

4.Supply and demand ratios. Tracking supply and demand for your various sub-markets will also give you a clue as to whether a sub-market is overheated and a bubble is building. Here are two examples: A six-month supply of homes is considered a balanced market. In our market right now, the price range under $400,000 has a 1.8-month supply (seller’s market) while the price range over $700,000 has a 13.3-month supply (buyer’s market). We have both a seller’s market and a buyer’s market at the same time depending on the price range. Here’s the second example: Apartments are experiencing a 1 percent vacancy rate and double-digit rent increases, making apartments one of the hottest segments. To get to a balanced market (5 percent vacancy) we need to add about 1,500 apartments in our market. There are currently 1,739 under construction with another 2,165 approved for construction. We see a bubble in apartments a year from now and are warning our investors.

Real estate is a cyclical industry. Knowing where you are in the market cycle is a critical skill. Track the four fundamentals, and you will keep your customers and your team out of bubble trouble.