This just in Labor market stronger than expected in November Payrolls up 94,000; jobless rate stays at 4.7% on household survey gains. NO wait I'm sorry...this just in Softness expected in November jobs report...no wait, I'm sorry this just really no in...Trend of jobless claims rises to highest in two years...OKay, now I'm really not kidding, this really just came in...Inflation erodes salary and wage gains, okay one more for good measure...Productivity gains most in 4 years.

Getting the drift? In life there is duality, Dark / Light, Good / Evil, Hope/ Despair. It can drive you nuts, Just what exactly is going on with our economy. We hear foreclosures are up but housing starts gained, One economist says the crisis insn't a crisis at all, another says we are heading for the End of Days.

Duality means, in all obstacles there are opportunities. I know of some agents that were the top agent in their market and have completely vanished off the face of the earth while others that are doing more transactions then they did when the market was strong.

Earlier this year I joined a group called Top Agent Toolbox. At the time I thought why watse the money but then after I started using this product I realized how important it is to remain around others who are doing well and remaining positive. The sharing of information is critical to maintaining your peace of mind when facing challenge. It helped me to focus on what works and not what the problems are. As a result I have realized more opportunity now then I had before and my business has increaed. I have created new streams of income for my business and I am actually happier with the clients I work with.

 BUT...I believe that if I continue to read the news and listen to so called economic experts, my brain will soon fry. People are always asking me, "What do you think about where the market is going?" or "How long do you think this will last?" It's funny but I remember watching Bulls and Bears on Fox back in the peak of the market and they were commenting on how it's time to get out of real estate when everyone is talking about real estate...well now it seems even more people are talking about real estate. Evrywhere I go I either hear a conversation about who's trying to sell or "did you hear what they are selling the house down the street for?" or people are asking me about selling or buying.

Right now, when someone asks. I simply say, "I don't know, it depends on who you listen to". It's anyone's guess and it really depends on the sellers motivation, our competence and mortgage restrictions.

 So I offer only tis one little piece of information: DON'T LISTEN TO THE NEWS! Just focus on what you want. Pay attention to the 10ft circle around you, take care of your turf and let the "experts" bloviate. Oh and yes, be aware of duality and realize when you are on one side or other. As "they" say, perception is everything.

 

4 Comments on Duality is Melting My Mind - Economy Strong/Ecomony Bad - Jobs Bad/Jobs Good - What the Heck is Going On?

DEC
07
2007
2 Featured Posts
Good post!  I just wrote on the Forces that control Your Life - The subconscious being the thing we need to re-program and yes listening to the news and media which isn't always positive can really get you off track to obtaining your goals.  Much success in the New Year!
9:21am • #1
2 Featured Posts Localism Sponsor

Frank, You are right on the mark! I think the media is totally out to control where the economy is going; especially the housing market. Remember that when things were going along swimmingly in housing, the media started reporting how the housing market was turning bad---"prices will start to fall--just you wait; they can't keep going up"! What was that ,hmmm..3-4 years ago? something like that. Well, I believe the media is looking out for Wall Street...As long as the average person is putting their "fortunes" in real estate they won't put it in the Stock Market. Now the word gets out there and you start to see the facts adjust to the "thinking". However with the debacle of the sub-prime mess, a lot of media people are covering their heads and running for cover---they have finally seen their dire predictions come true; just not the way they thought it would happen. Pretty frightening, isn't it?

7:25pm • #2
DEC
08
2007
218,879 Points 31 Featured Posts Outside Blog
Frank - This is a GREAT post ! As for me I try to tune out the media ( I have kids so I learned to do this well ..the tuning out part lol ) and avoid coffee pot talk at the office ! Some days are good, others are bad. The market goes up, the market goes down. Things are as good or as bad for that matter as we make them. If we listen to the media , we sit on our butts, talk about it, stop working and well...then we believe the media....if we simply do NOT listen to it...we continue to plug away chasing the leads and working...thats the key...WORK !
8:00am • #3
DEC
13
2007
1 Featured Post

I don't watch TV, so that's a big help right there.  And what's happening locally is what people in any one area must consider.  Too many people screaming fire!

P.S. Hoping you're going to continue sharing and coaching.  :)  

Thanks. 

12:40am • #4

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Frank Verna, Broker / Owner

Jupiter, FL

More about me…

Frank Verna, PA

Office Phone: (561) 244-0076

Email Me



Prices for PALM BEACH GARDENS

Prices for JUPITER



Links

Archives

RSS 2.0 Feed for this blog

Find FL real estate agents and Jupiter real estate on ActiveRain.