Terry McDaniel

The Power of Community

We can change the world….. have fun…Terry

Naturally, the newspapers print “California Unemployment Rate hits 10.5%.”, but the truth is 89.5% have jobs.  Again jobs are key to housing demand. I like this quote from the article…..”Metropolitan San Francisco, consisting of San Francisco, San Mateo and Marin counties, had a jobless rate of 7.8 percent in February, better than the state or the nation.  This three-county area has been less afflicted by the housing bust and buoyed by a concentration of jobs in tourism, business services, high-tech and other sectors with fewer payroll losses.”  Read rest of the story…. Click Here

When you read something, ask yourself how did the person writing the article evaluate, dissect and align their thoughts….For example, the following portion of the HomeGain’s Blog by Howard Sobel on March 20th, 2009

Howard gets to core of house value change… If you have job growth you have housing demand… Housing demand is a derivative of jobs… more people more demand to house those workers….So read this insightful blog.  I have only capture a portion to illustrate his thought process.

“San Jose as a Leading Indicator San Jose is experiencing a very tough time. The San Jose unemployment rate is now 7.2%, compared to 4.9% a year ago and help wanted ads are down by 35%. If San Francisco has benefittedwith a healthier economy Its hard to believe this isn’t a leading indicator for softer rent rates. Remember… its well paying jobs that led the boom and it is jobs that will herald the decline. San Francisco is not experiencing the price declines that many homes have. However, if you consider that the major employers of the city are restaurants (hurting), the financial district (dead) and technology (weakening) then its time to adjust to new realities. Reading the Curve What Now Markets precede people’s perception of them. In other words, people are still trying for historic rent rates. Waiting is too expensive. Rather than continue to try for historic returns. Its time to lock in cash flow rather than hit a home run, to refocus on reasonable cash flow guaranteed for a least the length of the lease. It’s the best way to manage rental property today and to get safely through this downturn.”

Always ask how does “whatever” effect the demand for space…. All real estate values can be boiled down to the change in demand for space… Enjoy the weekend… Any thoughts….

The Crisis of Credit Visualized – Part 2

This only 1/2 of the story…. More to be added later. Terry

30-Year Rates Fall Below 5 Percent Mortgage rates dropped to their 11th straight weekly decline, reaching new record lows, according to Freddie Mac. Interest rates on 30-year, fixed rate mortgages averaged 4.96 percent this week, down from a previous week’s 5.01 percent. The low rates have caused a spike in home refinancing loans and a welcome relief to cash-strapped home owners facing a slowing economy and rising unemployment rates. “The fact that interest rates have dropped to a record low is an important development since more affordable home financing could help bring buyers back to the market and prevent some of these foreclosures,” says Lawrence White, professor of economics at New York University’s Stern School of Business. Other rates were mixed for the week: * 15 year fixed rates: averaged 4.65 percent, up from 4.62 percent. * 1-year adjustable rate mortgages: fell slightly averaging 4.89 percent from 4.95 percent last week. * 5/1 ARMs: averaged 5.25 percent compared with 5.49 percent last week. Mortgage rates have continued to drop ever since the Federal Reserve announced a plan in December to buy up $500 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae—the government-sponsored enterprises. Freddie Mac started recording mortgages in 1971. Source: Reuters, Julie Haviv (1/15/09)

We are Human Beings not human Dollars.

We are human beings not human dollars. Listen…. This will lift you up….If you are fearful or afraid you have many friends who are just as fearful.Walk across the room and talk with someone…Be the Hero….Talk with someone..

Terry McDaniel › Tools — WordPress.

Use the color red to grab attention and to get people to take action. Use red when you don’t want to sink into the background. Use red to suggest speed combined with confidence and perhaps even a dash of danger. A little bit of red goes a long way. Small doses can often be more effective than large amounts of this strong color. Multiple shades of red and even pink or orange can combine for a cheerful palette.

Look at the use of the Color Red on the Web to find which of the named colors in the red family are the most attention-grabbing, mysterious, friendly, sophisticated, or mentally stimulating.

Check out what your favorite color means….. Read More