Friday The 14th of October… Chuck Barberini Real Estate

Friday The 14th of October… Chuck Barberini Real Estate
Chuck Barberini Real Estate – BR Real Estate Group
For today, I’m just throwing some random stuff together and we’ll see where it goes.
The Giants – Even year and I’m up – I’m Down – I’m up then I’m down again

First of all, I’m still pissed that the Giants lost game 4 at home. I must admit that I was not overly optimistic that they were going anywhere this year. Every time that I counted them out they would prove me wrong. The season started and I was not excited, I didn’t think that they had done enough in the off season. Dennard Span, Jeff Samardzija and Johnny Cueto were good additions, but we missed out on Zack Greinke. We still had Posey, Pence, Belt, Pagan, Crawford, Duffy and Panik and of course Madison Bumgarner, so we should be competitive.

They come out

of the gates, so-so, win some and lose some, then they catch fire… May, June and up until the All-star break they are winning. They are getting through injuries and nobody is on fire, but they keep winning. So, now I’m getting excited 57-33 and a 7 game lead, the best record in baseball. Then they came back from the break and lost and lost in every way possible. The Padres owned them, Santiago Casillas lost his confidence and in spite of 31 saves could close out a game. The Dodgers caught and passed them and they were leaking some serious oil and limping to the finish line. Just to make the playoffs, they had to sweep the Dodgers in the last series of the season.san-francisco-giants

Off to New York

for a one game playoff with the Mets, an awesome pitcher’s duel with Mad Bum tossing a complete game shutout and some late game heroics from Conor Gillespie and they were off to Chicago, to play the Cubs, the hottest team in baseball for a best of 5 series. I’m excited again… Game one, Cueto is pitching a gem, but throws one bad pitch and gives up a homer in the 8th and down go the Giants. Game 2 Samardzija pitching again in Chicago and gets roughed up early and its back to SF down 2 games and playing a sudden death at home. Game 3, the Giants have their Mr. October, Mad Bumm going, I’m cautiously optimistic, but it starts bad, an early homer to the Cubs pitcher and we are down 3 nothing, oh well it was a good run… but they come back and are up 5-3 in the 9th, here comes the bullpen and there goes the lead.

I’m bummed

but it’s October, it’s an even year and it’s the Giants… Crawford and Panik combined for a dramatic walk off win in the 13th, I’m stoked. Matt Moore was dealing in game 4 and the Giants take a 5-2 lead into the ninth… Here we come Chicago, game 5 and Johnny Cueto is set to go, but here comes the bull pen and there goes the game and game 5 and the season…. Un-freaking believable and, oh yea, I’m bummed…

October 14th 1947 Air Force test pilot Chuck Yeager broke the sound barrier piloting the experimental Bell X-1. x1

I read his book years ago and there was also a large section on him in “The Right Stuff” I have admired him for years and was surprised to see that he is alive and well, 93 years young and is quiet an accomplished Tweeter… Check out some of these classics. Chuck Yeager Twitter

 

“The Reaper”

I saw this article today, linked on my Task & Purpose email… I’m looking forward to seeing this production, but a couple of things jumped out at me from the article. Nicholas Irving aka the Reaper is the son of military veterans and is the first African American Sniper in the 3rd Ranger Battalion. What was really interesting is that the production is based on a self-published book that Irving wrote during a four-day alcohol binge. CB

Jay Z Is Producing A TV Show About Legendary Sniper Nicholas Irving

By ADAM LINEHAN on October 12, 2016

Irving earned the nickname “the Reaper” for purportedly killing 33 insurgents during a deployment to Afghanistan in 2009.

Rapper Jay Z is producing a six-part miniseries about Nicholas Irving, who earned the nickname “the Reaper” while serving with the U.S. Army’s 3rd Ranger Battalion from 2004 to 2010.

According to Page Six, the show is being produced for NBC.

Irving, who grew up in Maryland, deployed multiple times to Iraq and Afghanistan and saw heavy combat throughout his career. During a four-month deployment to Afghanistan as a direct-action sniper in 2009, he purportedly killed 33 enemy combatants.

In addition to

being one of the deadliest snipers in American history, Irving, the son of two Cold War military veterans, holds the distinction of being the first African-American sniper to serve with 3rd Ranger Battalion.the-reaper

The six-part miniseries will be based on Irving’s 2015 memoir, “The Reaper: Autobiography of One of the Deadliest Special Ops Snipers,” which primarily focuses on Irving’s legendary 2009 Afghan deployment. A source told Page Six filming will begin early next year.

In a recent interview with Task & Purpose, Irving explained that he had written “The Reaper” during a four-day alcohol binge after leaving the Army. The memoir was initially self-published on CreateSpace.com and then picked up by St. Martin’s Press. Irving’s second book, “Way of the Reaper: My Greatest Untold Missions and the Art of Being a Sniper,” was published in August of this year.

Irving is also

a co-host of Fox’s “American Grit,” a reality series that premiered in April and was recently renewed for a second season.

Actor Sterling K. Brown, who won an Emmy for his portrayal of Christopher Darden in FX’s critically acclaimed 2016 series “The People v. O.J. Simpson: American Crime Story,” will star as Irving, Page Six reports.

On Oct. 10, Irving confirmed the news on Instagram.

And another thing…

7Colin Kaepernick is starting for the 49ers this weekend. He is an embarrassment, his national anthem protest is disgusting and the 49ers are un-watchable. 3 years removed from the Super Bowl. Alex Smith has had a nice career since he lost his job and team to an injury…

 

Go Warriors
Friday The 14th of October…
Chuck Barberini
Chuck Barberini

 

Friday The 14th of October… Chuck Barberini Real Estate
Chuck Barberini Real Estate – BR Real Estate Group

Being Lazy Can Equal Great Success – Chuck Barberini Real Estate

Chuck Barberini Real Estate 

Being Lazy Can Equal Great Success

Barberini Robinson Real Estate Group

This is a fun article that I came across today @lifehack.org today. Michael Daws puts an interesting twist on productivity. He shows how being lazy can help you be more successful, but what he is really showing is how to prioritize. Focus on what’s important now, delegate, focus, look for a better way to complete your task. Check out this article and let me know what you think. Click on the link below to see the current interest rates.

Good Luck, Chuck

8 Reasons Why Being Lazy Will Lead You to Great Success

PRODUCTIVITYBY MICHAEL DAWS

Your whole life you’ve been told things like “hard work is the only key to success,” or maybe even “you will never amount to anything if you don’t work hard for it.” While these statements are somewhat true, what if I told you that you could be very successful and still be lazy at the same time?

Being lazy doesn’t necessarily mean not having to do anything, it just means you find an easier way to do it so you don’t have to work as hard. Here are some of the ways that being a lazy person can help you to find great success.

 

  1. You avoid busy work

There is nothing that I absolutely hate more in the workplace than busywork. Unimportant meetings that have no effect on your particular department, or meetings that achieve nothing aside from taking up your time. This is time that could be spent actually getting the job done so you can get the heck out of there.

Lazy people would rather take the task they are assigned and get it done, get it done quickly, and get it done right, so they don’t have to spend any more time on it than absolutely necessary.

  1. You know how to delegate to cover more ground

Lazy people make really good leaders, and this point proves it. You put a lazy person in charge of a group of people for a project, they know how to delegate people to certain tasks based on their skills so the job can be done quickly and efficiently. It doesn’t make sense to have one person do everything or have everybody focus on one thing at a time — lazy people usually have a knack for making sure this does not happen.

  1. You are clever, so you can be lazy

If you are lazy, you must be clever in order to be efficient. In the workplace, you can be two of four things: lazy or diligent, clever or stupid. If you are clever and lazy, you have a tendency to be the most efficient. This just means you can get more done while doing less work.

  1. You always look for a quicker, more effective way of doing things

Bill Gates said that he would always hire a lazy person to do a difficult job at Microsoft, because they would always find an easier way to do it. Just because you are diligent and clever, doesn’t mean you are going to be more efficient. This just means you will get the job done — but you are probably going to do it without finding a better way, and you are going to take a lot of unnecessary steps to get it done.

  1. You focus on only the bare necessities

When given a task to do, lazy people tend to only focus on what is needed, rather than all of the extra details to get the job done. I’m not saying that there is anything wrong with going the extra mile every once in a while, but sometimes it can be too much and it’s just a wasted effort. Lazy people have an ability to figure out when is a good time and when it is unnecessary to do a little extra.

  1. You know how to procrastinate

Procrastination has always been seen as a bad thing, but if you are lazy and clever you know how to use procrastination to your advantage. Lazy people who procrastinate and wait until the last minute have no choice but to focus on the job and get it done in time. They know that there is no room for error or extras, so they get the job done quickly and done well in less time than a diligent worker.

  1. You are lazy because you are efficient

Sometimes it may seem that people are just plain being lazy, constantly scrolling their Twitter feeds and reloading Facebook, while you are busy busting your butt. The reality of it is that they knew how to get their job done faster and easier and simply just have the time to sit around.

  1. You know how to make money when they are sleeping

That is the ultimate dream, right?  Wake up and look at your bank account and have more money in it than you did when you fell asleep. Lazy people know how to utilize online tools and services that allow them to make money without having to work a lot. It will take some work to develop things that will sell, but then you can sit around and make money afterwards without having to sweat.

Its all about how you look at things. You don’t have to work your fingers to the bone day in and day out to be successful. It’s all about how you can get more done in less time and produce bigger results than before.

Chuck Just Chillin'
Chuck Just Chillin’

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Chuck Barberini Real Estate 

Being Lazy Can Equal Great Success

Barberini Robinson Real Estate Group

 

Rents Rates Cooling as Inventory grows – Chuck Barberini Real Estate

San Francisco rent growth slows in August as inventory climbs

I found that this article by Kimberly Manning was very interesting the timing was perfect for me as I was just having this conversation with friends on Friday. I will put together some numbers later this week to send out, but I was shocked when I started searching the active properties in Martinez and the neighboring areas. Just as rents soared as inventory went down, now the opposite is happening, rental properties are sitting longer and rates are coming down. Check out this article and let me know what you think, click the link at the bottom to see current interest rates … Chuck

Yardi report finds rent growth cooling as inventory grows, most notably for lifestyle renters

by Kimberly Manning Staff Writer

Key Takeaways

  • US rents were up 5 percent annually in August, slowing from the 6-plus percent increases reported for the majority of the year.
  • San Francisco completions made up 4.3 percent of the total stock of homes in August.
  • San Francisco’s total rent growth in 2016 by year-end is forecasted at 6.5 percent.

The Yardi Matrix U.S. Multifamily Outlook for fall 2016 found that national rent growth has continued but slowed, while a couple bursts of job growth has helped propel the market forward.

Covering 110 markets throughout the nation, the Yardi Matrix report has detailed ownership, construction and loan data from 65,000 multifamily properties. Although forecasters predicted a more active year for economic growth, 2016 rents increased strongly in August, at 5 percent year-over-year. However, trends are slowing, as growth surpassed 6 percent for the majority of last year.

Construction was also strong, the report shows. In 2016 360,000 units are set to be delivered– a 45 percent increase over the previous year. The majority of markets are reporting quick absorption of new housing stock, but some, such as Houston, are struggling to keep up the pace.

This new stock could also be having an impact on the slowing of rent growth. Nationally, multifamily rents were down 50 basis points month-over-month in August and 170 basis points from the last peak, which was in October 2015.

national-average-rents

Some markets are still seeing growth in big figures. Sacramento saw year-over-year rent growth in August 2016 at 11.9 percent, and its 2016 rent forecast is 10.1 percent. And while Sacramento is leading in forecasted rent growth, Tacoma saw the biggest annual jump in August, at 12.7 percent.

Most markets are going to continue to trend in a positive direction, as millennials and baby boomers continue to fuel the rental economy. Occupancy rates reached near all-time highs of 95.9 percent in July, but this figure is expected to cool a bit as new supply continues to be delivered.

Surprisingly, San Francisco had one of the nation’s lowest rates of annual rent growth in August, at 1.6 percent. However, for the entire year, Yardi still sees 2016 as a solid one for the City by the Bay. The report forecasts rent growth at 6.5 percent by the end of the year.

San Francisco is also home to a large expected influx of inventory, according to a report. Ranking in the no. 4 spot nationally for total new completions, San Francisco is expected to see a total of 15,292 new completions this year, which is 4.3 percent of the total rental stock.

national-average-rents-2

New home construction in the U.S. is still chugging along with strong figures, the report shows. Housing starts reached an annualized rate of 1.2 million units in July. Of the forecasted 360,000 new multifamily units expected to be delivered in total this year, 162,000 units have been completed.

And while occupancy rates are expected to be impacted by this large delivery, rent rates may not budge much. Builders continue to lean toward high-end lifestyle renters, Yardi says, making it more challenging for the renter-by-necessity to find an affordable place.

Email Kimberly Manning

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Griffey Jr. & Piazza Hall of Fame – Chuck Barberini

Real Estate Agent Serving Contra Costa County

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Griffey Jr. & Piazza Hall of Fame – Chuck Barberini

As a long time baseball fan, I am very pleased with this year’s inductees. Ken Griffey Jr. and Mike Piazza. Two great players that could have not been more different, not only in their careers, but also in the roads that lead them to the Hall of Fame.

When you consider the thinning out process on the path to the major leagues, it really is remarkable. Every city has a little league program and there are many teams for the 6-7 & 8-year-old kids, along the way many of those kids get bored and stop playing and by the time young boys are eighth graders there are only a hand full of teams because so many have dropped out, or in this day and age, moved on to lacrosse. The survivors then move on to high school where the cream starts to rise to the top, of all of the little leaguers that enter the 9th grade only 15-20 players make the freshman team.

By the time a player becomes a senior, there is probably only 8-10 players left playing. This is every high school in every town in the country. The survivors then move on to college where the thinning continues, unless you are one of the very elite players and sign a professional contract right out of High School.

If you are fortunate enough to get signed by one of the 32 professional organizations, you start playing for one of the team’s 6 – 8 minor league affiliates with other survivors, only this time you are with survivors from all over the world. The best move up, surviving the thinning out, surviving injuries, and travel and being away from home and coaches that you don’t get along with and if you survive all of that, you make one of the 32 teams.

You have been the best of the best in little league and high school and college and through the minor leagues and you finally arrive, you make the show, you’ve got it made, or do you? No, now you have to become a regular and earn a position and keep that position year after year while other survivors try to take it away from you. If can do that and do it well and do it long enough, then maybe, you will survive once more and become a member of the Hall of Fame.

Ken Griffey Jr. is a baseball legacy, his dad a professional player and he grew up in and around professional baseball, he was a number one draft choice and starter for the Mariners while still a teenager. He was smoother and graceful, he hit with power and made unbelievable plays in the outfield.
img0000227AA.JPG

Piazza-MetsMike Piazza had a dream and worked, he hit every day as a youth in a back yard batting cage, when it snowed, he wrapped his bat in pipe insulation. He was picked in the 62nd round of the draft and didn’t start playing catcher until he was a professional.

Despite the different routes to Cooperstown and the Baseball Hall of Fame, these two survivors shared the stage yesterday and achieved what so few do. They will always be remembered along with the legends of the game.

Check out a couple of the links the I have attached on these two Hall of Famers. I really like the two by Grant Brisbee  @mccoveychron …

Let me know what you think, Chuck

Mike Piazza was terrifying and the Dodgers should have kept him
Ken Griffey Jr. was a transcendent motherf**ker
Mike Piazza and Ken Griffey Jr. inducted into Baseball Hall of Fame

Tribune news services

Contact Reporter

Staring out at their families and tens of thousands of fans who hung on every word, Ken

Griffey Jr. and Mike Piazza were inducted Sunday into the Baseball Hall of Fame in a ceremony tinged with tears all around.

“I stand up here humbled and overwhelmed,” Griffey said. “I can’t describe how it feels.”

The two became a piece of history on their special day. Griffey, the first pick of the 1987 amateur draft, became the highest pick ever inducted. Piazza, a 62nd-round pick the next year —No. 1,390 — is the lowest pick to enter the Hall of Fame.

Griffey played 22 big-league seasons with the Mariners, Reds and White Sox and was selected on a record 99.32 percent of ballots cast, an affirmation of sorts for his clean performance during baseball’s so-called Steroids Era.

A 13-time All-Star and 10-time Gold Glove Award winner in center field, Griffey hit 630 home runs, sixth all-time, and drove in 1,836 runs. He also was the American League MVP in 1997, drove in at least 100 runs in eight seasons, and won seven Silver Slugger Awards.

Griffey, who fell just three votes shy of being the first unanimous selection, hit 417 of his 630 homers and won all 10 of his Gold Gloves with the Seattle Mariners. He played the first 11 seasons of his career with the Mariners and led them to the playoffs for the first two times in franchise history.

“Thirteen years with the Seattle Mariners, from the day I got drafted, Seattle, Washington, has been a big part of my life,” Griffey said, punctuating the end of his speech by putting a baseball cap on backward as he did throughout his career.

“I’m going to leave you with one thing. In 22 years I learned that one team will treat you the best, and that’s your first team. I’m damn proud to be a Seattle Mariner.”

Dubbed “The Natural” for his effortless excellence at the plate and in center field, Griffey avoided the Hall of Fame until his special weekend because he wanted his first walk through the front doors of the stately building on Main Street to be with his kids, whom he singled out one by one in his 20-minute speech.

“There are two misconceptions about me — I didn’t work hard and everything I did I made look easy,” Griffey said. “Just because I made it look easy doesn’t mean that it was. You don’t become a Hall of Famer by not working, but working day in and day out.”

Griffey’s mom, Birdie, and his father, former Cincinnati Reds star Ken Sr., both cancer survivors and integral to his rise to stardom, were front and center in the first row.

“To my dad, who taught me how to play this game and to my mom, the strongest woman I know,” Junior said. “To have to be mom and dad, she was our biggest fan and our biggest critic. She’s the only woman I know that lives in one house and runs five others.”

Selected in the draft by the Dodgers after Hall of Fame manager Tommy Lasorda, a close friend of Piazza’s father, Vince, put in a good word, Piazza struggled. He briefly quit the game while in the minor leagues, returned and persevered despite a heavy workload as he switched from first base to catcher and teammates criticized his erratic play.

Mom and dad were foremost on his mind, too.

“Dad always dreamed of playing in the major leagues,” said Piazza, just the second Hall of Famer depicted on his plaque wearing a Mets cap, after Tom Seaver in 1992.

“He could not follow that dream because of the realities of life. My father’s faith in me, often greater than my own, is the single most important factor of me being inducted into this Hall of Fame. Thank you dad. We made it, dad. The race is over. Now it’s time to smell the roses.”

Piazza played 16 years with the Dodgers, Marlins, Mets, Padres and Athletics and hit 427 home runs, including a major league record 396 as a catcher. A 12-time All-Star, Piazza won 10 Silver Slugger Awards and finished in the top five of his league’s MVP voting four times.

Perhaps even more impressive, Piazza, a .308 career hitter, posted six seasons with at least 30 home runs, 100 RBIs and a .300 batting average (all other catchers in baseball history combined have posted nine such seasons).

Though the Dodgers gave him his start, Piazza found a home in New York when he was traded to the Mets in May 1998.

Three years later, Piazza became a hero to the hometown fans with perhaps the most notable home run of his career. His two-run shot in the eighth inning at Shea Stadium lifted the Mets to a 3-2 victory over the Atlanta Braves in the first sporting event played in New York after the 9/11 terror attacks.

Piazza paid tribute to that moment.

“To witness the darkest evil of the human heart … will be forever burned in my soul,” Piazza said. “But from tragedy and sorrow came bravery, love, compassion, character and eventual healing.

“Many of you give me praise for the two-run home run in the first game back on Sept. 21st, but the true praise belongs to police, firefighters, first responders that knew that they were going to die, but went forward anyway.”

Attendance was estimated at around 50,000 by the Hall of Fame, tying 1999 for second-most all time.

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Griffey Jr. & Piazza Hall of Fame – Chuck Barberini

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Why Inflation Fears Are Growing – Chuck Barberini

Why Inflation Fears Are Growing

National Association of Realtors

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

This is an interesting article, from the National Association of Realtors, that talks about the potential rise in inflation 2017. It states that inflation has started to rise and should continue through the first quarter of 2017. It also refers to the fact that rents are on the rise and rental properties are harder to come by. Interest rates remain low, but inventory remains tight with housing prices up and should maintain the higher prices based on the scarcity of available houses. The media will continue to be the voice of doom and gloom because negative press sells. It is good to be aware of what is going on in the market, but the fact remains that there are still opportunities in the housing market. Check out this article, be sure to click on the link regarding the housing for the rest of 2016. There is also a link at the bottom of the page that you can click to see the current market data and interest rates. If you like this article, let me know. Follow my blog at blog.chuckbarberini.com. Thanks for reading, Chuck

Why Inflation Fears Are GrowingiStock_000010774987XSmall

National Association of Realtors

Inflation is up by 1.1 percent through the first half of the year, and economists anticipate it will to continue to rise well into 2017. Rising inflation is expected to have a widespread impact for the economy, particularly the housing market. Lawrence Yun, chief economist of the National Association of REALTORS®, writes in his monthly Forbes.com column.

Read more4 Housing Predictions for the Rest of 2016

“One consistent area of inflationary concern is arising out of housing,” Yun writes. “Rents increased by 3.8 percent in June, the strongest pace since January of 2008.”

Apartment vacancy rates continue to be very tight, which means renters likely won’t see a decrease in rental costs anytime soon.

For those looking to buy, they’ll face plenty of challenges too. Home values are climbing quickly. Home prices nationwide have increased around 5 percent to 6 percent this year – on top of the 20 percent increase that occurred in the three years prior, Yun notes. Given limited inventories of homes for sale, home prices aren’t likely to drop anytime soon either, Yun adds.

“Going forward, a major driver of inflation will be related to housing,” Yun notes. “With inadequate new housing construction, both rents and home prices will easily outpace the general inflation. … Housing costs, moreover, weigh a hefty 33 percent on the overall consumer price index, compared to 14 percent weight for food, 7 percent for energy, and 6 percent for transportation.”Screen-Shot-2015-01-27-at-11.18.59-AM

Source: “Inflation: Slowly Warming,” Forbes.com (July 15, 2016)

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Why Inflation Fears Are Growing

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Home Purchase Sentiment Index Decreases – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

https://www.barberinico.com/home-purchase-sentiment-index-decreases/

Home Purchase Sentiment Index Decreases from High of 85.3 to 83.2. Fewer Consumers Expect Home Prices, Mortgage Rates to Keep Climbing; Stagnant Wages Weigh on Housing Outlook

I just pulled this article off of the California Association of Realtors “Newsline”. I find it interesting because when we listen to or read the news, we find out about how strong the housing market is. Interest rates are at a, close to, all-time low, but housing prices are up and inventory is still low. What is interesting is that these numbers are polling numbers based on consumer confidence. It seems that there is a lot of uncertainty in the populace these days.

In my opinion it makes tons of sense, based partially on the contentious presidential race. The recent events point out that, as we learned after the recent financial meltdown, the middle class is just a pawn in the governments chess game. The decisions being made, that impact the middle class so much, do not have our well being in mind. Furthermore, our representatives in the government are being held to different standards then the people that they are sworn to serve and protect. Their interest in pushing forward an agenda that has little or nothing to do with helping Americans survive and thrive has become more and more transparent. Lying to their constituents, changing the rule of law, all the while getting richer and richer.

Uncertainty? Consumer confidence? It makes a lot of sense. Check out this article from July 7th and let me know what you think.

Good Luck,

Chuck

 

Home Purchase Sentiment Index Decreases from High of 85.3 to 83.2. Fewer Consumers Expect Home Prices, Mortgage Rates to Keep Climbing; Stagnant Wages Weigh on Housing Outlook

Jennifer Lucas

202-752-6497

WASHINGTON, DC – Fannie Mae’s Home Purchase Sentiment Index™ (HPSI) decreased 2.1 points to 83.2 in June, down from May’s all-time survey high, as more consumers report mixed views toward housing and income growth. Among those surveyed, the share who said now is a good time to sell a home increased 5 percentage points on net to a survey-high of 18 percent, and those saying now is a good time to buy a home rose 3 percentage points on net to 32 percent. The share of consumers who expect home prices to go up over the next 12 months dropped 9 percentage points on net. In addition, those reporting that their household income is significantly higher than it was 12 months ago dropped 10 percentage points on net in June, and the net share of consumers who are not concerned about losing their job fell 4 percentage points. Fewer consumers also reported a positive outlook on the state of the economy – those who think the economy is on the wrong track ticked up to 59 percent in June.

hpsi-070716

 

 

 

“The HPSI’s pullback in June from last month’s survey-high reading suggests a slight weakening in the 12-month outlook for housing activity,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “Pending home sales have pulled back in the face of continued home price growth, and we’re seeing some softening in the higher priced components of the market. Growing pessimism about the overall direction of the economy gives us further pause as it now stands at the highest level we’ve seen in our National Housing Survey in the last two years. Meaningful improvement in the housing market going forward will likely require consistent upward movement in consumers’ income growth perceptions, which have thus far been stagnant. Also helpful would be an acceleration of supply accumulation of entry-level homes, which would moderate the growth of real home prices and increase affordability.”

HOME PURCHASE SENTIMENT INDEX – COMPONENT HIGHLIGHTS

Fannie Mae’s June 2016 Home Purchase Sentiment Index (HPSI) fell 2.1 percentage points in June to 83.2. Slightly more consumers on net expect mortgage interest rates to go down over the next 12 months. Overall, the HPSI is down 1.5 points since this time last year.

  • After three straight months of declines, the net share of Americans who say that it is a good time to buy a house rose by 3 percentage points to 32%.
  • Selling sentiment rose in June, with the net percentage of those who say it is a good time to sell rising 5 percentage points to 18% – a new survey high. A survey high and low were reached for those who think it is a good time and bad time to sell a home.
  • The net share of Americans who say that home prices will go up fell 9 percentage points to 33%.
  • The net share of those who say mortgage rates will go down over the next 12 months rose 2 percentage points to negative 41%, reaching an 18-month high.
  • The net share of Americans who say they are not concerned with losing their job fell 4 percentage points to 68%.
  • The net share of Americans who say their household income is significantly higher than it was 12 months ago fell 10 percentage points to 8%, the largest month-to-month decline in the survey’s history.

ABOUT FANNIE MAE’S HOME PURCHASE SENTIMENT INDEX

The Home Purchase Sentiment Index (HPSI) distills information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey® (NHS) into a single number. The HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions and complements existing data sources to inform housing-related analysis and decision making. The HPSI is constructed from answers to six NHS questions that solicit consumers’ evaluations of housing market conditions and address topics that are related to their home purchase decisions. The questions ask consumers whether they think that it is a good or bad time to buy or to sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned they are about losing their jobs, and whether their incomes are higher than they were a year earlier.

ABOUT FANNIE MAE’S NATIONAL HOUSING SURVEY

The most detailed consumer attitudinal survey of its kind, Fannie Mae’s National Housing Survey (NHS) polled 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts, six of which are used to construct the HPSI (findings are compared with the same survey conducted monthly beginning June 2010). As cell phones have become common and many households no longer have landline phones, the NHS contacts 60 percent of respondents via their cell phones (as of October 2014). To reflect the growing share of households with a cell phone but no landline, the National Housing Survey has increased its cell phone dialing rate to 60 percent as of October 2014. For more information, please see the Technical Notes. Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future. The June 2016 National Housing Survey was conducted between June 1, 2016 and June 23, 2016. Most of the data collection occurred during the first two weeks of this period. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae.

DETAILED HPSI & NHS FINDINGS

For detailed findings from the June 2016 Home Purchase Sentiment Index and National Housing Survey, as well as a brief HPSI overview and detailed white paper, technical notes on the NHS methodology, and questions asked of respondents associated with each monthly indicator, please visit the Consumer Attitude Measures page on fanniemae.com. Also available on the site are in-depth topic analyses, which provide a detailed assessment of combined data results from three monthly studies of NHS results.

To receive e-mail updates with other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.
Fannie Mae enables people to buy, refinance, or rent homes.

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 Home Purchase Sentiment Index Decreases from High of 85.3 to 83.2. Fewer Consumers Expect Home Prices, Mortgage Rates to Keep Climbing; Stagnant Wages Weigh on Housing Outlook.

https://www.barberinico.com/home-purchase-sentiment-index-decreases/

11 Things Truly Successful People Never Do (Ever) – Chuck Barberini

Chuck Barberini Real Estate – Barberini Robinson Real Estate Group

11 Things Truly Successful People Never Do (Ever) – Chuck Barberini

https://www.barberinico.com/11-things-truly-successful-people-never-do

I came across this article by Bill Murphy Jr., I have read several of his articles and really enjoy them. I realize that many of the things that he points out may be hard to implement. But, reading stuff like this plants a seed and baby step forward are always positive. Check out this article and let me know what you think. Also, there is a link below that you can use to receive emails from Bill with more of these great articles. There is also a link below that you can click on to see what mortgage rates are doing today. Thanks, Chuck

11 Things Truly Successful People Never Do (Ever)

You can drive yourself crazy trying to find the keys to success. Or you can just eliminate these 11 behaviors, and take some big steps toward achieving your goals.

BY BILL MURPHY JR.

 

Executive editor, TheMid.com, and founder, ProGhostwriters.com@BillMurphyJr

 

How do you define success?

For some people, it’s achieving a level of respect and accomplishment. Others benchmark their personal relationships. Of course, we all know some people who judge it only by the size of their bank accounts.

Regardless, there are certain behaviors and habits that you’ll find the most successful people have in common. Even more important, there are things that highly successful people avoid at almost all costs.A Successful Person

So, two things. First, check out my free e-book: How to Raise Successful Kids(download here). Second, take a look at the elements below–things that highly successful people refuse to do–and think about the challenges at the end of each one.

1. Successful people refuse to fit in a box.

“Thinking outside the box” is a business cliché writ large. But truly successful people do more than that–they live outside the box.

They don’t let other people define them, whether those other people are malicious or well-meaning. They don’t listen to the jealous boss who tells them that they’ll never be a leader. Perhaps more important, they don’t hedge their ambitions because a parent or a teacher told them that–for example–they’re “good with numbers” but not creative, or an excellent team player but not a leader. They don’t just develop their strengths. They define their strengths.

Challenge: What external expectation do you need to let go of?

2. Successful people don’t bear grudges.

It takes a lot of effort to win a battle. But when you bear grudges, it’s like you’re fighting a war that only one side even knows about.

Sure, if we bothered, most of us could probably dig deep into our pasts and find a time when we were wronged–almost unforgivably wronged. Even thinking about it, however, hands another victory to whoever wronged you. Direct your energy at something else–the things you truly care about.

Challenge: We all hold on to some things too long. What transgression do you need to forgive?

3. Successful people refuse to argue over “nothings.”

Again: wasted energy.

You’re not going to convince that diehard Trump/Hillary/Bernie supporter on Facebook to change his or her mind. Truly successful people spend their energy on things they can truly affect.

Challenge: What deeply held conviction holds you back? Are you prepared to let it go?

4. Successful people refuse to quit.

Successful people are often more successful simply because they work harder. And they work harder in part because the work they do doesn’t feel like work–at least, it doesn’t feel like drudgery. Their work is the kind of thing they’d do even if they weren’t paid for it (and sometimes, they aren’t!).

However, whether it’s rewarding or not, they don’t ignore the important work that needs to be done.

Challenge: You don’t have to say it aloud, but when was the last time you blew off something important and covered it with excuses? Are you planning to do it again anytime soon?

5. Successful people never betray their values.

At the end of everything, what else do you have besides your deeply held values?

Maybe you have a deep religious faith. Maybe you think it’s wrong to eat meat. Maybe you’d never root for an American League baseball team because you think the designated hitter ruined the sport. These are your values, not mine, my friend–and I’m sure they’re tested all the time. Truly successful people don’t have a lot of non-negotiables, but the ones they do have are sacrosanct.

Challenge: Can you articulate your core values? Even more important, are they obvious to others?

6. Successful people never betray friends or family.

Of course, this doesn’t mean letting yourself be rolled over. You have to stick up for yourself. However, truly successful people know that if your close family and true friends can’t trust you, why would anyone else?

Challenge: Um, when was the last time you called your folks?

7. Successful people never lose sight of their goals.

Identifying and pursuing your goals means the difference between spinning your wheels and actually getting somewhere. You’ll put in the same effort regardless of how well you focus on objectives, but if your aim is deficient, chances are that you’ll just be helping someone else achieve his or her goals.

Challenge: Can you articulate your three most important goals? What have you done today to make them come true?

8. Successful people combat self-doubt in all its forms.

Fear is normal, even healthy–but defeatism is a disease. I’m not sure where it comes from, but we all face it. Successful people refuse to give in, but what’s more, they make it part of their mission to help other people overcome self-doubt, too.

The easiest way to do that? Demonstrate respect for others in all that you do.

Challenge: Have you built up someone else’s ego today? If not, is it because you’re afraid that doing so will tear down your own self-worth? (Overcome that!)

9. Successful people refuse to betray their health.

Another non-negotiable. None of us lives forever, yet the temptation is always there to trade fitness, or sleep, or well-being for a pauper’s price–a few extra bucks, a little bit of esteem in a boss’s eyes. Truly successful people have no room for that in their lives. Their health is one of their top priorities.

Challenge: What’s the one thing you should do differently to ensure you have a better chance at living a long time–and well?

10. Successful people refuse to be dominated by others.

We all face bullies in our lives. Truly successful people don’t put up with them. They find ways to prevail. They don’t necessarily fight the other guy on his turf, but they find a way to win.

Beware that you don’t contradict the rule about not holding grudges with this one, but successful people find that standing up for themselves often means standing up to someone else.

Challenge: Who are the bullies you know? What have you done to offset their impact on others?

11. Successful people never give in to competition.

This is a multifaceted element. Successful people never run from competition–but they don’t let themselves be suckered into being measured by somebody else’s rules. They understand the wisdom of the reverse of that old lottery slogan: “You can’t lose if you refuse to play.”

At the same time, when they win, they can take a compliment. Truly successful people don’t gloat, but they also don’t minimize their contributions when other people are eager to offer them praise.

Challenge: What competitions are you engaging in that aren’t truly worthwhile?

Like this column? Sign up to subscribe to email alerts and you’ll never miss a post.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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11 Things Truly Successful People Never Do (Ever) – Chuck Barberini

Homelessness Rising Among Families – Chuck Barberini Real Estate

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Homelessness Rising Among Families – Chuck Barberini Real Estate

Chuck Barberini Realtor – Contra Costa County Real Estate – Intero Walnut Creek

DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 21, 2015

Homeless Shelter

Total homelessness has fallen 10 percent in the country since 2010, but among one segment, homelessness is on the rise. A new blog post from Harvard University’s Joint Center for Housing Studies notes that homelessness among families remains persistently high.

Read moreNever Taking a Home For Granted

More than a third of the total homeless population is made up of people in families, and more than 60 percent of this segment have children who are under the age of 18.

The number of homeless families living in shelters – such as emergency shelters, transitional housing programs, or safe havens – is growing. Nearly nine in 10 homeless people in families were staying in shelters in 2014.

In some pockets across the country, the number has risen to the highest on record, JCHS notes. For example, in New York City, homeless families are estimated to comprise the majority of homeless shelter residents, rising by 67 percent alone between January 2005 and January 2015, according to the advocacy group Coalition for the Homeless.

“Since the end of the recession, the affordable housing shortage has continued to play a major role in rising rates of family homelessness,” JCHS research assistant Irene Law notes on the Housing Perspectives blog. “Between 2010 and 2014, in high-cost locations where affordable rentals are in short supply, the number of homeless people in families increased substantially: by 50 percent in the District of Columbia, 41 percent in Massachusetts, and 22 percent in New York.  The problem is acute in urban areas across the country.”

Indeed, 45 percent of all homeless families lived in major cities in 2014. Nearly 20 percent lived in New York City, which had the highest concentration of homeless families nationwide at 41,633, followed by Los Angeles City and County at 6,229.

“The current inventory of permanent supportive housing largely targets single adults, especially those with chronic patterns of homelessness,” notes Lew at the JCHS blog. “Although the number of permanent supportive housing beds has increased significantly since 2007, a substantial share of permanent supportive housing beds are set aside for individuals rather than families.  The limited availability of subsidies for the services component, as well as higher operating expenses compared to affordable housing, present challenges for expanding the supply of permanent supportive housing.”

Source: “Despite Declines in Homelessness, Family Homelessness Persists,” Harvard University’s Joint Center for Housing Studies (Aug. 12, 2015)

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6 Key Housing Stats to Gauge the Market – Chuck Barberini Real Estate

https://www.barberinico.com/archives/156

Chuck Barberini Realtor – Contra Costa County Real Estate – Intero Walnut Creek
6 Key Housing Stats to Gauge the Market
DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 21, 2015Housing

Existing-home sales were back on the rise in July, marking the third consecutive month of increases, while low inventories of homes for-sale and rising prices were the reason behind first-time buyers falling to their lowest share since January, according to a new report from the National Association of REALTORS®.

Regional Breakdown
Here’s how existing-home sales fared across the country in July:
• Northeast: sales fell 2.8 percent to an annual rate of 700,000, but are 9.4 percent above a year ago. Median price: $277,200, which is 1.3 percent higher than a year ago.
• Midwest: sales held steady at an annual rate of 1.32 million, unchanged from June but 10.9 percent above a year ago. Median price: $186,500, up 6.6 percent from a year ago.
• South: sales rose 4.1 percent to an annual rate of 2.29 million in July, and are 9.6 percent higher than a year ago. Median price: $203,500, up 7 percent from a year ago.
• West: sales increased 3.2 percent to an annual rate of 1.28 million in July, and are 11.3 percent above a year ago. Median price: $327,400, which is 8.4 percent above a year ago.
Source: National Association of REALTORS®

Total existing-home sales – which include single-family homes, townhomes, condos, and co-ops – rose 2 percent in July to a seasonally adjusted annual rate of 5.59 million. Sales are at the highest pace since February 2007, and are 10.3 percent above a year ago.

“The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices down the road is encouraging more household to buy now,” says Lawrence Yun, NAR’s chief economist. “As a result, current home owners are using their increasing housing equity toward the down payment on their next purchase.”

Here’s a look at five main indicators from NAR’s latest housing report:
1. Home prices: The median existing-home price for all housing types was $234,000 in July – 5.6 percent above a year ago. “Despite the strong growth in sales since this spring, declining affordability could begin to slowly dampen demand,” says Yun. “REALTORS® in some markets reported slower foot traffic in July in part because of low inventory and concerns about the continued rise in home prices without commensurate income gains.”

2. Housing inventories: At the end of July, the inventory of homes for-sale fell 0.4 percent to 2.24 million existing homes available for sale. The inventory now is 4.7 percent lower than a year ago and at a 4.8-month supply at the current sales pace.

3. First-time home buyers: The percentage of first-time home buyers fell for the second consecutive month, reaching 28 percent in July – the lowest share since January. Last year at this time, first-time buyers comprised 29 percent of all buyers.

“The fact that first-time buyers represented a lower share of the market compared to a year ago even though sales are considerably higher is indicative of the challenges many young adults continue to face,” says Yun. “Rising rents and flat wage growth make it difficult for many to save for a down payment, and the dearth of supply in affordable price ranges is limiting their options.”

4. Days on the market: Properties stayed on the market for an average of 42 days in July, below the 48 days average from a year ago. Forty-three percent of homes were on the market for less than a month in July. Short sales were on the market the longest at a median of 135 days while foreclosures were on the market for 49 days and non-distressed homes sold in 41 days.
5. All-cash sales: The percentage of all-cash sales rose to 23 percent of transactions in July, down from 29 percent a year ago. The share of individual investors – who account for the bulk of cash sales – was 13 percent in July, down from 16 percent a year ago.

6. Distressed sales: The percentage of foreclosures and short sales declined to the lowest share since NAR began tracking it in October 2008. Distressed sales fell 7 percent in July month-over-month and are 9 percent below a year ago. In July, 5 percent of sales comprised foreclosures while 2 percent were short sales. On average, foreclosures sold for a discount of 17 percent below market value while short sales sold for an average discount of 12 percent.

“Five years ago, distressed sales represented 33 percent of the market in July,” says Chris Polychron, NAR’s president. “For many previously distressed homeowners throughout the country, rising home values in recent years have helped recover equity and the vast improvement in several local job markets means fewer are falling behind on their mortgage payments.”
Source: National Association of REALTORS®

“You can’t use up creativity.

The more you use, the more you have.”

Maya Angelou

Rates improved today upon the release of weaker than expected economic news. 

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Chuck Barberini Real Estate – It’s Not Easier to Get a Mortgage

Chuck Barberini Realtor – Contra Costa County Real Estate – Intero Walnut Creek – https://www.barberinico.com/archives/154

Chuck Barberini Real Estate – It’s Not Easier to Get a Mortgage

DAILY REAL ESTATE NEWS | MONDAY, AUGUST 10, 2015

Home sales are improving, so does that mean it’s easier to get credit access for a mortgage? Not necessarily, writes Jonathan Smoke, realtor.com®’s chief economist.

Read more: Getting a Mortgage is Easy, Consumers Say

Last fall, mortgage giant backers Fannie Mae and Freddie Mac urged lenders to ease their requirements and also introduced new 3 percent down payment programs for qualified buyers. The Federal Housing Administration also has lowered its insurance premiums.

The Mortgage Bankers Association’s Credit Availability Index was at 122 in June, a 5 percent increase year-over-year in the expansion of credit. However, the index peaked at 869 in June 2004 – indicating that June’s reading is still far from that peak or even a normal reading.

Smoke says that the average FICO score on a closed purchase mortgage in June was 727. Average FICO scores for the past 24 months have hovered between 724 and 742. That represents above-median credit quality households, Smoke says. The average denied FICO score was 672 in June, down from 686 a year ago.

What that means, Smoke notes, is that “more lower credit-quality households are applying but not getting approved. Yet at the same time, the percentage of purchase applications making it to closing has risen from 64 percent last June to 69 percent this June. Times are still tough for those with tarnished credit.”

On the other hand, wealthier households seeking a jumbo mortgage may be having an easier time. Lenders are showing signs of loosening up on jumbo mortgage requirements.

A more widespread change may be on the horizon for the market. A July Senior Loan Officer survey report from the Federal Reserve did show that over the past three months banks have been easing lending standards on several categories of mortgage loans. Smoke notes that those changes may start appearing in the closing averages in the coming months.

Still, “today’s limited credit availability is at least partly to blame for the tight supply that’s leading to higher prices and higher rents,” Smoke writes. “Builders are not convinced that there’s enough depth of demand to absorb higher levels of new construction, so they are holding back and focusing on their profitable growth instead. Meanwhile, a substantial percentage of today’s home owners with mortgages underwritten years ago fear not being able to qualify for a new mortgage today, so they stay on the sidelines and keep their homes off the market.”

Source: “Is It Really Easier to Get a Mortgage These Days? Well …” realtor.com® (Aug. 6, 2015)

Rates improved today upon the release of weaker than expected economic news. 

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