News for Prescott AZ - AmericanTowns.com

Thursday, December 30, 2010

Economic Roundup: December 27, 2010

 

 

Brad Bergamini

 

 

The Bergamini Group

Realty Executives Northern Arizona

503 East Gurley Street

Prescott, Arizona 86301

WelcomeToPrescott.com

Brad@WelcomeToPrescott.com

Group Main: 928.237.4400

Group eFax: 928.237.4401

Group Asst: 928.777.0257 ext 30

Group Free: 888.533.3839

Brad Cell:  928.533.1633

 

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From: Mark Ott [mailto:mark.ott@wjbradley.com]
Sent: Monday, December 27, 2010 3:12 AM
To: Brad Bergamini
Subject: Economic Roundup: December 27, 2010

 

 

Mark Ott

Loan Officer

W.J. Bradley

Mortgage Capital Corp.

Office: 928-775-9330

NMLS: 189552

License: BK-0903998

Contact Me

My Website

 

 

 

 

 

 

 

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In the News

Americans received good news on the home front last week — the home sales front, that is. Sales of both existing and new homes for November enjoyed upward trends, according to respective reports from the National Association of REALTORS® (NAR) and the Census Bureau.
 
Sales of single-family homes, townhomes, condominiums and co-ops in November rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million in November, from 4.43 million in October, according to NAR, which chalked up the gains to improved home affordability.
 
"The relationship recently between mortgage interest rates, home prices and family income has been the most favorable on record for buying a home since we started measuring in 1970," said Lawrence Yun, NAR's chief economist. "Therefore, the market is recovering, and we should trend up to a healthy, sustainable level in 2011."
 
The national median existing-home price for all housing types was a stable $170,600 in November, up only 0.4 percent from November 2009, which Economic Roundup readers might recall was the initial deadline for the federal first-time buyer tax credit that sparked a marked increase in real estate activity last year. Similarly, distressed homes have maintained a fairly stable market share, accounting for 33 percent of sales in November; they were 34 percent in October and 33 percent in November 2009.
 
Sales of new single-family homes in November hit a seasonally adjusted annual rate of 290,000, according to the Census Bureau, marking a 5.5 percent gain over October's revised rate of 275,000.
 
The median sales price of new homes sold in November was $213,000, and the average sales price was $268,700. The estimate of new homes for sale at the end of November was 197,000, representing an 8.2-month supply.
 
Despite November's gains, it's important to note that November's existing and new home sales performances still have a way to go before they match November 2009's tax credit-inspired boomlet. November's existing home sales were 27.9 percent below the cyclical peak of 6.49 million in November 2009, and new home sales for the month were 21.2 percent below November 2009's estimate of 368,000.
 
Another key development last week was the news that consumer income and spending both enjoyed gains during November. The latest data from the Bureau of Economic Analysis showed that personal income increased $42.3 billion, or 0.3 percent, and disposable personal income increased $37.8 billion, or 0.3 percent, in November. Likewise, personal consumption expenditures increased $43.3 billion, or 0.4 percent.
 
Meanwhile, personal savings remained fairly stable, with November's savings reaching $614.8 billion, compared with $622.8 billion in October. Personal saving as a percentage of disposable personal income was 5.3 percent in November, compared with 5.4 percent in October.
 
This week will see a light financial news calendar thanks to the holidays, starting Tuesday with December's consumer confidence index from the Conference Board. The index is expected to climb to a 56.1 from November's 54.1.
 
On Thursday the Employment and Training Administration will report initial jobless claims for the week ending December 25. Hopefully, the number of job seekers will be reduced and their efforts will have been rewarded with employment for the holiday.
 
 

 

 

© 2010 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.

Alabama Consumer Credit License MC 20878; AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender license #ML.100000098; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 201 Columbine Street, Suite 300, Denver, CO 80206; MI First Mortgage License No. FL0011392; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-MLCO; Vermont Broker License #0995MB; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991.

 

 

 

Inside Lending Newsletter From Theron Wall

 

 

Inside Lending from Theron Wall

visit my website     email me now

Theron Wall

Theron Wall
Branch Manager
3615 Crossings Dr, Suite A
Prescott, AZ 86305
Phone: (928) 778-7167
Mobile: (928) 533-7473
Fax: (928) 445-5308

Wallick & Volk Mortgage

For the week of December 27, 2010 – Vol. 8, Issue 52

>> Market Update 

INFO THAT HITS US WHERE WE LIVE  Housing was more affordable in November than at any time in the last 40 years. So it should come as no surprise that Existing Home Sales were UP 5.6% for November, bringing them to an annual rate of 4.68 million, a tad above the expected 4.65 million rate. Sales were up for single-family homes, although down for condos and coops, and all regions of the country registered gains.

The median price increased to $170,600 in November (not seasonally adjusted) and that figure is UP 0.4% over a year ago. The FHFA index of prices for homes bought with conforming mortgages also was up 0.7% in October (seasonally-adjusted), its first gain since May.
The months' supply dipped to 9.5, with a decline in overall inventories. 

Thursday saw new single-family home sales UP 5.5% for November, to a 290,000 annual rate, a little short of expectations. The months' supply of new homes dropped to 8.2 from October's 8.8 level. The new homes inventory is now down to 197,000, 65.6% off its 2006 peak, and the lowest inventory level going back to 1968. The median selling price went up to $213,000, after dipping under $200,000 in October.

>> Review of Last Week

MAKE THAT FOUR IN A ROW...  Not everyone got an early start on the holiday break last week, as enough enthusiastic investors showed up on Wall Street to push stocks higher for the fourth week running. There were plenty of economic reports for traders to react to and the news was fundamentally positive. 

The main negative note was struck with November Durable Goods Orders, which declined 1.3%, a bigger drop than expected. But that was the overall number. When you took out the volatile transportation component, orders were UP 2.4% and that was well above the gain that had been forecast. The final number for Q3 GDP was revised up from 2.5% to a 2.6% annual rate, but this was a tad less than expected. Nonetheless, the economy is expanding and the feared "double dip" recession is no longer a concern for economists.

In other good news, Personal Income was UP 0.3% in November and Personal Spending UP 0.4%. Looking at inflation, PCE prices were up only 0.1% for the month and up just 1.0% from a year ago. Core PCE prices, excluding food and energy, were up only 0.1% for the month and up just 0.8% from a year ago. This puts zero pressure on the Fed to raise the Funds Rate to head off inflation. Both initial weekly jobless claims and continuing claims dropped again, though still not to the levels they should be.

For the week, the Dow was UP 0.7%, to 11,573; the S&P 500 was UP 1.0%, to 1,257; and the Nasdaq was UP 0.9%, to 2,666. (Note: we've dropped the decimals and rounded the indexes to their nearest whole numbers.)


The bond market remained volatile. Gains earlier in the week were later given up. Nonetheless, the FNMA 30-year 4.0% bond we watch ended down only 5 basis points for the week, closing at $98.17. Freddie Mac's weekly survey of conforming mortgages had average fixed-rate mortgage rates easing slightly from their recent moves up. Rates are still historically low, but people who want to purchase or refinance should probably not drag their feet.

>> This Week’s Forecast

CONSUMERS GAIN CONFIDENCE... It's another four-day week of economic activity, but quieter than the one just ended. The last week of the year will give us readings in key areas. Tuesday's Consumer Confidence will tell us how hopeful people are, and that number is projected to go up a healthy two points. Manufacturing in a key region will be measured by Thursday's Chicago PMI, which is expected to remain at its current level, showing solid expansion.

The housing market will be gauged again with Thursday's Pending Home Sales for November. This is expected to be down slightly, indicating a falloff in closings for January and February. We also want to watch weekly and continuing jobless claims, which should keep dropping. The markets will be closed Friday, New Year's Eve.

We wish you and yours a Happy 2011, a healthy and prosperous New Year!
 

>> The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Economic Calendar for the Week of December 27 – December 31

 Date

Time (ET)

Release

For

Consensus

Prior

Impact

Tu
Dec 28

10:00

Consumer Confidence

Dec

56.1

54.1

Moderate

W
Dec 29

10:30

Crude Inventories

12/25

NA

-5.33M

Moderate

Th
Dec 30

08:30

Initial Unemployment Claims

12/25

416K

420K

Moderate

Th
Dec 30

08:30

Continuing Unemployment Claims

12/18

4.030M

4.064M

Moderate

Th
Dec 30

09:45

Chicago PMI

Dec

62.5

62.5

HIGH

Th
Dec 30

10:00

Pending Home Sales

Nov

-1.8%

10.4%

Moderate

 

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months  Things may be looking up a bit, but the Fed is not yet convinced. They still expect to keep the Fed Funds Rate at its super low level for an "extended period." A strengthening economy or the threat of inflation, of course, could start the rate back up. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:

Consensus

Jan 26

0%–0.25%

Mar 15

0%–0.25%

Apr 27

0%–0.25%


Probability of change from current policy:

After FOMC meeting on:

Consensus

Jan 26

     <1%

Mar 15

     <1%

Apr 27

     2%

 

This e-mail is an advertisement for Theron Wall. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of Wallick & Volk Mortgage. BK 0018295 NMLS #256412

Equal Housing Lender  

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

Monday, December 20, 2010

Inside Lending Newsletter From Theron Wall

 

Inside Lending from Theron Wall

visit my website     email me now

Theron Wall

Theron Wall
Branch Manager
3615 Crossings Dr, Suite A
Prescott, AZ 86305
Phone: (928) 778-7167
Mobile: (928) 533-7473
Fax: (928) 445-5308

Wallick & Volk Mortgage

For the week of December 20, 2010 – Vol. 8, Issue 51

>> Market Update 

INFO THAT HITS US WHERE WE LIVE  Last Thursday it was good to see that Housing Starts picked up for November, rising 3.9% for the month to an annual rate of 555,000 units. This beat expectations and was especially gratifying because all the gain came from a 6.9% increase in single-family starts. These have now been up three out of the last four months.

Multi-family starts were down for the fourth month in a row, but these are very volatile on a monthly basis. In fact, the 12-month moving average for multi-family starts is still trending higher, up 5.9% compared to a year ago. The demand for multi-unit residences should continue to grow, which is why some observers foresee a large rebound in multi-unit construction in the new few months. Although there are still excess housing inventories, they are falling quickly and experts expect them to drop further, even with a home building recovery.

>> Review of Last Week

THREE IN A ROW... Investors sent stocks higher for the third straight week on Wall Street. The markets weren't exactly on fire, as volumes were low, which is typical for this time of year, and investors remain guardedly optimistic, which has been their attitude since last month's elections. As happens so often, the week's festivities were driven by the economic headlines and there certainly were plenty to ponder. 

The consumer appears to be showing up for the holidays, as retail sales went up 0.8% in November, up 1.2% excluding autos. Including revisions to September and October numbers, overall sales were up 1.5% for the month. Retail is now UP 7.7% over a year ago, and sales are up at a 12% annual rate for the past five months! On the worrisome side, the November Producer Price Index (PPI) showed wholesale inflation up 0.8%, although the Consumer Price Index (CPI) rose a benign 0.1%. Consumer prices are up 1.1% over a year ago, which is good, but wholesale prices are up 3.5% for the year, which isn't so good if you want to keep inflation in check and interest rates down.

The jobs recovery is key to the housing rebound, so it was good to see new unemployment claims falling again last week, to 420,000. This beat expectations and was the second lowest number this year for weekly claims, which have now fallen three times in the last four weeks. The Philadelphia Fed index showed manufacturing continues to grow in that region, as it was up nicely for December. Likewise, the Empire State index showed New York manufacturing coming back strong in December after last month's dip. November Industrial Production rose above expectations and capacity utilization showed factories at their highest volume levels since October 2008.

For the week, the Dow was UP 0.7%, to 11491.91; the S&P 500 was UP 0.3%, to 1243.91; and the Nasdaq was UP 0.2%, to 2642.97.


With investors feeling more upbeat about the economy, money flowed into stocks and out of the bonds that fund most mortgage loans. The FNMA 30-year 4.0% bond we watch ended down 78 basis points for the week, closing at $98.22. This inched mortgage rates higher once again. Freddie Mac's weekly survey of conforming mortgages had the average 30-year fixed-rate mortgage rate up for the fifth week in a row. Rates are still historically low, but people looking to purchase or refinance should be aware that the low-rate party may soon be over.

>> This Week’s Forecast

HOUSING, INFLATION AND THE OVERALL ECONOMY... This week we get to see how the economy is coming along in some key areas. We track the housing recovery with Wednesday's Existing Home Sales and Thursday's New Home Sales, both expected to be up a bit for November. Continuing the theme of a steady if slow recovery, the third estimate of GDP should show the overall economy growing at a 2.7% annual rate, up from the prior 2.5% estimate. Again, a slower rate of growth than economists would like to see, but growth nonetheless.

Thursday brings more inflation readings, with both Personal Spending and Core PCE Prices expected to remain under control. The final December reading on University of Michigan Consumer Sentiment may be up a small amount, while November Durable Goods Orders may be down a tad. The markets will be closed Friday.

Happy Holidays to you and yours during this joyous season!

>> The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Economic Calendar for the Week of December 20 – December 24

 Date

Time (ET)

Release

For

Consensus

Prior

Impact

W
Dec 22

08:30

GDP - Third Estimate

Q3

2.7%

2.5%

Moderate

Tu
Dec 14

08:30

GDP Chain Deflator - Third Estimate

Q3

2.3%

2.3%

Moderate

W
Dec 22

10:00

Existing Home Sales

Nov

4.65M

4.43M

Moderate

W
Dec 22

10:30

Crude Inventories

12/18

NA

-9.85M

Moderate

Th
Dec 23

08:30

Initial Unemployment Claims

12/18

424K

420K

Moderate

Th
Dec 23

08:30

Continuing Unemployment Claims

12/5

4.075M

4.135M

Moderate

Th
Dec 23

08:30

Personal Income

Nov

0.2%

0.5%

Moderate

Th
Dec 23

08:30

Personal Spending

Nov

0.5%

0.4%

HIGH

Th
Dec 23

08:30

PCE Prices - Core 

Nov

0.1%

0.0%

HIGH

Th
Dec 23

08:30

Durable Goods Orders

Nov

-1.0%

-3.3%

Moderate

Th
Dec 23

09:55

U. of Michigan Consumer Sentiment Index - Final

Dec

75.0

74.2

Moderate

Th
Dec 23

10:00

New Home Sales

Nov

303K

283K

Moderate

 

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months  The policy statement from last week's FOMC meeting indicated the Fed is not yet convinced the economy is on solid ground. Analysts therefore expect the Fed Funds Rate to stay at its super low level for an "extended period." Inflation, or a stronger economic recovery, could of course start the rate back up. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:

Consensus

Jan 26

0%–0.25%

Mar 15

0%–0.25%

Apr 27

0%–0.25%


Probability of change from current policy:

After FOMC meeting on:

Consensus

Jan 26

     <1%

Mar 15

     <1%

Apr 27

     1%

 

This e-mail is an advertisement for Theron Wall. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of Wallick & Volk Mortgage. BK 0018295 NMLS #256412




Equal Housing Lender  

 

Economic Roundup: December 20, 2010

 

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Mark Ott

Loan Officer

W.J. Bradley Mortgage Capital Corp.

Office: 928-775-9330

NMLS: 189552

License: BK-0903998

Contact Me

My Website

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Building a
Secure Future


In the News

Retail sales for November nearly doubled expectations, hitting $378.7 billion, an increase of 0.8 percent from October, and 7.7 percent over November 2009, according to the latest Census Bureau data released last week.
 
Concurrently, the National Federation of Independent Business's Index of Small Business Optimism increased by 1.5 points to 93.2, the highest since December 2007. While encouraging, the NFIB said November's sentiment was still in "recession territory."
 
"Nowhere is there evidence of a 'surge' as experienced in 1983 after the deep recessions of 1980-82," the NFIB added.
 
While small businesses might have guarded optimism, November's quickened retail pace followed a pleasantly unexpected 1.7 percent jump in October, a trend some industry watchers considered encouraging.
 
"There's no question this will be the strongest quarter for consumer spending since before the recession," Chris Low, chief economist at FTN Financial, told Bloomberg. "The economy has pretty good momentum going into the New Year."
 
The consumer price index for all urban consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, the Bureau of Labor Statistics reported last week. This was slightly below analyst expectations of 0.2 percent. Over the last 12 months, the all-items index increased 1.1 percent before seasonal adjustment.
 
Meanwhile, producer prices jumped ahead of expectations, with November's producer price index for finished goods rising by 0.8 percent, according to the Bureau. On an unadjusted basis, prices for finished goods rose 3.5 percent for the 12 months ending November 2010.
 
Housing construction for November was a mixed bag according to the Census Bureau, which reported last week that construction permits for private homes were at a seasonally adjusted annual rate of 530,000 for the month, which was 4.0 percent below October's revised rate of 552,000. That said, construction starts on private homes for the month were at a seasonally adjusted annual rate of 555,000, which was 3.9 percent above October's revised estimate of 534,000.
 
In terms of single-family homes, permits for November were at a rate of 416,000, which was 3 percent above October's revised figure of 404,000. Starts on single-family homes in November were at a rate of 465,000, which was 6.9 percent over October's revised figure of 435,000.
 
Next week will see a somewhat abbreviated calendar of economic announcements due to the pending holiday break.
 
On Wednesday, the National Association of REALTORS® will release existing-home sales data for November, which is expected to reach 4.68 million, in comparison to October's 4.43 million. The Census Bureau will follow up with new-home sales data on Thursday. November's figure is expected to increase to 305,000 from October's 283,000.
 
Also on Thursday, the Bureau of Economic Analysis will report personal income and spending for November, which were expected to be a mixed bag, respectively dipping and remaining flat from October's figures. Similarly, the University of Michigan will report its consumer sentiment for December, which is expected to drop to 73.7 from November's 74.2.
 
 

 

 

© 2010 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.

Alabama Consumer Credit License MC 20878; AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender license #ML.100000098; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 201 Columbine Street, Suite 300, Denver, CO 80206; MI First Mortgage License No. FL0011392; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-MLCO; Vermont Broker License #0995MB; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991.

 

 


 

Saturday, December 18, 2010

USDA and 2011 feel'in good

 

USDA Loans

 Another great NO DOWN PAYMENT loan program that I offer...

USDA home loans offers a great alternative to home buyers. Highlights include:

  • Zero Down Payment
  • Up to 6% Seller Concession
  • Gift funds allowed
  • 640 required minimum credit
  • Except for Flagstaff and Prescott, most of northern AZ qualifies
  • $417,000 max. loan amount
  • There is a guarantee Fee of 3.5% that can be financed
  • Warning: USDA is tight on debt ratios at 29/41. Can go higher at underwriters discretion
  • Income limitations also apply - 115% of median income

USDA and VA are the only two loan programs that offer no down payment.



 

 

 

I Offer the Following Home Financing Options

  • Home Path Loans, 3% Down
  • Manufactured Home LoansFHA & Conventional Financing
  • USDA
  • Investor "Flip" Loans
  • Conventional Loans
  • FHA Loans
  • VA Loans up to $1.5 MILLION!
  • Jumbo Loans
  • Second / Vacation Home Loans
  • 1 - 4 Unit Investment Properties

Feel Good

In reflecting on 2010 and looking forward to 2011, now is a great time to set new goals for the upcoming new year. I invite you to ponder a new context for 2011 or a new primary goal: feeling good. Sounds simple but initially it ain't easy!

Waking up and having a cup of coffee...so far today I can still manage to feel good. But what happens if I turn on TV? The drama, fear based input is amazing. Or the spouse, partner, kids or client (imagine!) get upset or push your buttons...remember your only goal is to feel good. It doesn't mean that you don't address an issue, rather it is all about the context in which you approach an issue. It is about responding instead of reacting. Its also about setting boundaries. Oh, and God forbid, a real estate transaction hits a snag - remember your only goal is to feel good :-).

If your primary goal is to feel good, I can guarantee two things for you in 2011. First, everything that you believe and have in you that doesn't feel good has to come up and out. This is when and where most people fail. They think their goal of feeling good isn't working but rather it is working intensely! This is where the s&*^ hits the fan. Knowing this, one can go through it rather than having it stop you. Then the beautiful next step is when everything in your life supports your feeling good. If your primary goal is to feel good, that is the energy you are putting out and that is the people, places, circumstances - energy that you are attracting back to you. Two laws of the Universe...you can't fail!

Reflecting on 2010, I am grateful for the relationships I have created with all of you and look forward to new and deeper relationships in the coming year. A few months ago, I took on consciously feeling good every day. And yes there have been some really tough moments but my commitment and renewed desire for 2011 is to feel good.

Jim Hostler
Senior Mortgage Loan Consultant

Lenders Direct
a division of Gateway Business Bank

Direct: 928.225.7418
Email: JHostler@elendersdirect.com

Fax: 928.527.7943

NMLS #6410200021

 

 

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