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What does it take to succeed as an agent in any market?
Some of the least likely people succeed in real estate.
As a manager and broker interviewing potential agents, it was always a challenge trying to figure out those that would be stars, those that would just make it and those that would fail. Experience tells me that an agent’s success or failure is not usually based on one strength or weakness.
The Fed makes historic move
The Fed made a historic and agressive move on Tuesday, when it cut the federal funds rate from 1% to a range of 0% to 0.25%. The federal funds rate is the rate banks charge one another for overnight loans.
What this means for the consumer is that loans based on the prime rate, such as car loans, credit cards, and student loans, should also follow a similar path, making it more attractive for consumers to borrow.
More Americans Putting Down Roots
A survey finds that most Americans have moved to a new community at least once in their lives.
In 2008, only 12% of the American population changed addresses, down from 13% between 2006 and 2007. The reasons for this trend may be the slowing economy, the downward spiral of the housing market, and the increase of two-income families.
