Entries from March 2009
From my seat in this game of real estate, we finished the first quarter on a high note. We have seen a nice jump in orders and activity these past three weeks, which we hope will continue as we roll into April. I have said all along that we here in Arkansas have a nice middle of the road real estate market….never gets too high nor drops too low! We have our peaks and valleys, just not as dramatic as the rest of the nation.
How do you see your business these next couple of months heading into the summer?
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Well I have gone off and done it again…starting up a new title company in Little Rock. Actually it is a branch of National Closing Corp out of Greenwood, AR. So in effect, our world headquarters are in Greenwood and the branch is here in LR. Enough of that…I am happy to be back in the local title business again, after taking some time off. We thought we could become a radio personality, but it just didn’t work out! We have some exciting new tricks in our bag that we are going to roll out to the Arkansas Market. Keep an eye on the blog for updates as we get ready to roll these products out to the public.
Here is a hint….we are going “Green” !! Our plan is to use as little paper as possible. No more file folders stack high of copies of all the closing documents. How does a copy of your closing documents on a Flash Drive sound to you?
This is just a teaser….more to come
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I learned yesterday that you could get an FHA loan for 4.5% for 30 years…that is fantastic! Will that equate to home sales? I still hear that we have some issues with appraisals and credit, but if those two items are ok, then a borrower should be able to get one heck of a deal out there. We are seeing a nice steady stream of orders coming into the title company, and we expect to see a rise in orders these next few weeks.
What do you see happening in your market? Jump in on the conversation and let me know how your business is at this time.
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I was watching one of the news channels last night, who knows which one, and the talk was of 4% interest rates in the near future and the effect this would have on the housing market. If this prediction turns out to be true, then we may have a very nice spring for those of us in the Real Estate Biz. I have been talking to Realtors across the state and it appears that activity has been on a slight rise. Which is great news for us especially if we combine renewed activity with lower interest rates.
Have we touched the bottom??? I don ‘t know, but I am hoping when the sun starts shining and the flowers start to bloom, that our business starts to pick up!
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Sorry it has ben so long since I have been on the blog, but a lot of things have changed these past couple of months and we have been trying to get our hands around this market. I will tell you one thing, I am going to start concering myself with only those things I have the ability to control!! I am not going to concern myself with the news shows that tell us how bad the real Estate market is these days and that it will last for who knows how long!! We can control our attitude and our work ethic. If it takes out working the other guy, then that is what we will do!!
I am excited about this new years as we move into spring, and I will get back on the blog on a more regular basis. I am sorry to say that the radio program was unable to stay on the air do to lack of advertising support. I have a some ideas on how we can use other methods of facilitating a discussion driven type program. those will be coming in a few months.
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