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Hello My Old Friend - The Market is Shifting

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Real Estate Agent with DFW FINE PROPERTIES 0506509

The Real Estate Market is Shifting

Hello, my old friend.... Throwback Thursday means many different things to many different people. It seems as if during my whole life, people have tried to do things differently to get the same results. Whether that means winning, making changes, going through transitions, or coping with reality, there is always a better way to read, understand, and gain better insights into situations. The real estate market is shifting. There are so many training classes and mandatory classes offered for real estate agents now. Business practices and forms are always changing. 

 

Do you want to know where I found the best advice?  

While sitting in a room shelved with books, "The 7 Habits of Highly Effective People," by Stephen R. Covey caught my eye. I picked it up and began to read, slowly turning the pages, as if it was for the very first time. During the past few years, everyone... buyers, sellers, investors, real estate agents, lenders, and Title Companies have experienced the market shift. In part one: "Paradigms and Principles," the paragraph that begins with: The Power of a Paradigm Shift. I began to shift my thinking about doing business in accordance with changes implemented as of August 1, 2024. The market we are in today, inflation, high interest rates, and low inventory, isn't new. It's just different. Agents, buyers, and sellers are now adapting to changes in how we do business.  


I paused to think about major events in the United States during the time when "The 7 Habits of Highly Effective People," was published in 1989. People grabbled with the economy and tough times.

    • There was a war going on in Vietnam.
    • For returning Veterans, it was not easy to get a job.
    • There was gas rationing at the pump.
    • Interest rates were double digits.
    • Watergate was in the current news.
    • The Washington Post was on a mission to uncover the truth.
    • Body bag counts were featured daily.
    • People faced stagnation.
    • By 1979 interest rates peaked at 12.9%
    • From 1980 to 1981 interest rates rose to 18.63%


Challenges were out of control. Steven Covey wrote and published a book. Millions of people read it then. I re-discovered the chapters were just as powerful today as they were back then. If you haven't read it in a long time, I highly recommend. 

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https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-4-1.pdf

dfw fine properties

PATRICIA FEAGER, REALTOR®
DFW FINE PROPERTIES
3575 LONE STAR CIRCLE SUITE 315
FORT WORTH, TEXAS 76177

Email Me
                                  

                                     

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
Paralegal (Southeastern Career Institute)
Associates (3) (College of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments(4)

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Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Patricia - while I don't collect books, I remember reading this book many years ago.   These days, I am happy to have access to my public library.  And the "due date" reminders help keep me "on track" as I fill up in information, knowledge and insight.  Entertainment too.    

Nov 07, 2024 06:31 AM
Patricia Feager, ABR,CRS,GRI,MRP

Michael Jacobs - "The 7 Habits of Highly Effective People," is as valuable today as the day it was written and published. Real Estate schools and Instructors continue to keep this book on their recommended reading list. 

For anyone still in business, I highly recommend it for personal growth and opportunities. 

Nov 07, 2024 01:19 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Patricia,

I remember reading "The 7 Habits of Highly Effective People," by Stephen R. Covey and have read it several times. Thanks for the Throwback Thursday book recommendation. I'm sure I'd find it just as relevant today!

Nov 07, 2024 07:41 AM
Patricia Feager, ABR,CRS,GRI,MRP

Dorie Dillard Austin TX - I also read this book many times. Reading it again last night, comparing it to what business is like today gave me greater insights for going about the direction I want to take for my business. As I begin to start my 2025 Vision Board, I will be better prepared. 

You're absolutely right. I found it to be "just as relevant today!"

Nov 07, 2024 01:22 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Patricia this country has seen tough economic time before and has gotten through it.  However, it is funny that the ones during my life time have been under Democrat Administrations.

Nov 07, 2024 03:30 PM
Patricia Feager, ABR,CRS,GRI,MRP

George Souto - Sad but true.

Nov 07, 2024 08:39 PM
Jim Smith
The Property Management Company - Round Rock, TX
Broker,CRS,GRI,RMP,CNE,TRLP

"The 7 Habits of Highly Effective People" is one of the primary books I recommend all business owners (and others), should read during my consulting process.  This is a 'Head-board' book.  I recommend the following:

1.      Read it all of the way through the first time, so that you have an understanding of the big picture

2.      Set it beside your bed (or favorite reading chair), along with a highlighter

3.      Read a few pages, or even paragraphs, at a time, highlighting what jumps out

4.      be consistant, and read all of the way through

5.      When done, grab a different color highlighter, and do it again.

6.      When done, get a third color, and repeat.

I am on my fourth copy, and am always amused at the things that I pick up on now that I am seeing in a different light.

By the Way - may want to consider his book "The 8th Habit"

Nov 13, 2024 05:32 AM
Patricia Feager, ABR,CRS,GRI,MRP

Jim Smith - I like the outline you provided with all the great tips. This book is a treasure. I have two books on my shelf. Everytime I read it, something new glares back at me. Thanks Jim, for introducing me to "The 8th Habit." I will be sure get a copy. 

 

Nov 13, 2024 04:47 PM
Patricia Feager, ABR,CRS,GRI,MRP

Jim Smith - I was going to leave your tips in my book when I noticed, my second book by Stephen R. Covey is "The 3rd Alternative." The 8th Habit was published before "The 3rd Alternatives." 

I'm going to read my copy of "The 3rd Alternative," the way you suggested. I am so thankful for your comment which led me to realize, I have two newer Stephen R. Covey books to read. I have highlighters. I'm ready!!!

Nov 13, 2024 04:54 PM