2/28/12

Inspiring Others

A friend of mine is going through a rough time. He lost his job, his unemployment ran out and now he is losing his home. He calls me often for 'pep talks' and to help him figure out what to do. Today, it was a different conversation and I thought I would share it, with hopes that it may help someone else in a similar situation.

Years ago, I would always call my family or close friends when I was going through a crises. I would explain all my problems and cry on their shoulders. But I learned that doing that really doesn't help or solve anything. It's not that people don't care about you or love you. But everyone else has their own issues in life to deal with. And at best, they usually can only offer you opinions. Then you will find that if you don't follow their suggestions, they become irritated with you and wonder why you even asked them to listen in the first place. Dennis Waitley says " Never tell other people your problems, because 80% of them don't care, and the other 20% are glad you have them".

What I have found is that the answers we need are usually inside ourselves. We either don't want to listen to our inner self,  or we are looking for an 'easy out' and there usually is no such thing. One of the reasons we cannot decide what to do is that we are not listening. We fill up our ears with music, television, and other noise every minute we are awake and then we wonder why God doesn't answer us.
There's a verse in the Bible that says, "Be Still, and know that I am God.".  I've discovered that it's only in the quiet times that we can 'hear' God, and 'hear' the inner voice of our souls for the answers and ideas to solve our problems.

Last year when I was going through some very major changes in my life, I spent many hours sitting alone on the beach being quiet. No phone, no music, and no company. It still amazes me how I literally saw God speak to me through the smallest of things. It's where I got my best ideas, my focus, and healing for my heart and my spirit. This is where God showed me that He was with me, and guiding me. And He did it in the most insignificant way that I am sure no one else on the beach saw it but me. That's what made it so special.

My 'pep talk' today for my friend was for him to go and find a quiet, peaceful place with a pad and pen. To pray and meditate and let the answers come. Make a list of things to do and ideas that come to mind. Then take action, even a small step forward will provide a sense of accomplishment that the train is now moving in the right direction.

Everyone has people in their life that cares about them. But when it's all said and done no one is going to take care of you, but you.  If you don't take charge of your life, no one else will. If you don't create your own plan and take action on it, no one else will do it for you. 'Put yourself first' is a phrase that really doesn't mix with well with 'think about others', and 'it's not all about YOU'. However, if you don't take care of yourself first, you have nothing to offer anyone else.

 
After my morning pep talk with my friend, I put on my short pants & flip flops. I grabbed my camera and headed off for a brisk walk on the beach in the sunshine. I too, have a busy day and a full schedule. But I figure, if I can't take 30 minutes from this day and have personal time to meditate and listen....then I am just too busy.

~~ENJOY your day!




2/23/12

Miracle Strip is Expanding!

Miracle Strip continues expansion with Sea Dragon

 

Miracle Strip Amusement Park continues expanding with the opening of the Sea Dragon, a step back in time to the original ride that has restored and ready to take on thrill seekers. It was tracked down in Missouri and after three months of hard work, it was opened for the first brave riders on Friday.

The first ride at Pier Park, a painted pony carousel that operated at the original Miracle Strip, was brought back in April 2009 after its rehabilitation. The success of the new attraction is just the latest in efforts by locals to transplant many of the original rides that once thrilled visitors at the old Miracle Strip Amusement Park before it closed in 2004.

The painted pony carousel and the teacup ride, are the original machines that have been restored and returned for a brand new generation. It's a family ride that will thrill everyone from the little ones to the adults.


Spring Break is just a few weeks away, and the amusement park and the new rides are geared toward families who might not want to fight the crowd at the annual beach parties. I love seeing the old rides return, and folks who once visited Miracle Strip as children now bring their own children and share the memories!



2/22/12

Real Estate Recovery or Not?

This is a phenomenal article about where we are today in real estate. In the Panama City Beach area, the market is exploding! Multiple offers, bidding wars, and lots of cash buyers coming into our area.
Prices are on the rise, so if you have thought about owning a little beach home of your own...don't wait! Properties are going under contract faster than we can list them!
Via ActiveRain Corp.:

Real Estate Recovery or Not?
2012 Predictions By the Pro’s Infographic


Data, data everywhere, but what should you believe? Are we on, in the middle, or at the tail of a deflating real estate bubble? Is there a Florida real estate bubble?

There is A LOT of conflicting data emerging about the 2012 real estate market and 2012 real estate transactions. Case-Shiller has emerged as the leading index of real estate values. The Q4 2011 S&P/Case-Shiller index (1) shows continuing declines in real estate values with quarter over quarter declines of 1.1-1.2% and annual declines of 3.0-3.4%. RealtyTrac is the leading source of foreclosure data. On January 12, 2012, RealtyTrac published (2) surprisingly good news showing a 33% decline in the number of homes in foreclosure from 2010 to 2011. The National Association of Realtors (NAR) Chief Economist Lawrence is projecting a modest 4.7% increase in real estate transactions with a 2.0% increase in real estate values in 2012 vs. 2011. But, on December 19, 2011, NAR was forced to re-state historical homes sold data (3) due to “upward drift” of their core homes sold benchmarks, which historically have been based on feeds from the multiple listing service (MLS).

So what should you believe? Nearly all data on real estate transactions and real estate values is historical; it does not forecast the future and may not reflect the situation in your local market. Real estate is inherently local, so if the national real estate market is in decline or on the mend, what does that say about your local market? Does a national real estate bubble portend a Florida real estate bubble? Or a bubble in Fort Myers, or Sanibel Island specifically.

The largest real estate social network ActiveRain Corp surveyed 1,835 real estate agents and real estate brokers in the US and Canada to understand if the real estate market and economy are poised for recovery in 2012, both nationwide and in local markets.
ActiveRain Recovery or Not Infographic
(Click above for high resolution image)
:

A Bottom of the American Real Estate Market


American real estate agents expect the US real estate market to be largely flat from 2011 to 2012. Real estate agents predict that real estate values will be flat from 2011 to 2012, signaling a bottom to the real estate market or the end of the real estate bubble. Given historically low interest rates as well as a bottoming of real estate values, real estate agents expect that the number of real estate transactions and new construction starts will increase slightly in 2012. Additionally, real estate agents believe local economies are on the mend and we will see improvements in the economy.
US Real Estate Confidence

Rental Nation?


With low real estate values, low interest rates and a recovering economy, American real estate agents believe that 2012 is a great time to purchase both single family and multi-family rental properties. Real estate agents feel that single family homes and luxury homes represent great investment opportunities. What did real estate agents think are the worst opportunities in the 2012 real estate market? Due to the glut of inventory in the real estate market due to short-sales and foreclosures, new construction condominiums, new construction single family homes, and land for construction were rated as the worst investment opportunities.
US Real Estate Opportunities

What’s the Problem? The Banks, Stupid!


When polled about the biggest challenges facing the real estate market and economy, real estate agents rated bank related issues the highest. The biggest challenges were: 1) short sales, 2) ability to finance a new home purchase / loan qualifications, and 3) foreclosures. The significant shadow inventory caused by short sales and foreclosures continues to drag on real estate values. Though interest rates are at historical lows, increased loan qualifications are preventing first time home buyers from purchasing homes and current home owners from trading up into new homes.
We would have expected unemployment to be a greater concern to real estate agent.s Persistently high unemployment was ONLY the fourth concern to real estate agents, which was surprising given how the poor economy and lack of jobs has dominated the news headlines for the past 24 months.
US Real Estate Problems

Key Trends in Top Markets


Low Cost of Living Markets Rule: Low interest rates and low cost of living have attracted buyers and relocations back into these markets. Even though the general economy is not as robust as anyone would like, home buyers are adjusting lifestyles to find markets with low cost of living and reasonable housing prices. Applicable markets: Ft. Myers, Austin, Boise, San Antonio, Denver, Dallas, Nashville, Houston, Salt Lake City

Invasion of the Snowbirds: Senior Housing & Second Homes: Seniors and those planning for retirement have returned to the South. Seniors are taking advantage of low priced housing inventory in the Sun Belt and low interest rates to buy a retirement home or a second home in a warmer climate. Many of these buyers have saved for lifetime and 2012 represents a great opportunity to buy while prices and interest rates are low. Seniors are targeting markets with low cost of living for retirement. Applicable Markets: Ft Myers, Austin, San Antonio, Nashville, Miami, Salt Lake City

International Buyers: International home buyers are taking advantage of a weak dollar and low real estate values. Florida is the biggest beneficiary of international buyer interest. Miami is reporting strong home purchase market based on International cash transactions.

Deep in the Heart of Texas: No other state has FOUR major cities listed as growth markets. So what is going on in Texas? Texas represents exactly what every home buyer should be looking for: low cost of living, low cost housing, and job growth. Throw in no state income tax and Texas is looking a lot more appealing than California. Texas is attracting many large corporations to set up headquarters and operations in the state. This is especially true in Austin. Finally Texas has a great mix of technology companies AND energy companies (oil & gas and renewable energy). See below. Applicable Markets: Austin, Dallas, San Antonio, Houston

Technology and Energy Industries: Even in the current down market, technology and energy are growth industries driving job creation. Though most think of San Francisco, Boston, New York and Seattle when we think of technology. Secondary markets participating in technology and energy job growth are likely good real estate markets in 2012, due to low cost of living and high demand for skilled jobs. Markets: Austin, San Antonio, Denver, Dallas, Houston, Salt Lake City

Investment Property: Low interest rates, low real estate values, and rising rents due to job growth is a great investment proposition. A number of the lower cost of living and lower real estate value markets are reporting growth driven by investors coming into the market looking for deals. Applicable Markets: Boise, Nashville, Salt Lake City, Austin, San Antonio

Key Trends in Poor Markets


High Cost of Living, High Real Estate Values: Though interest rates are historicly low, cities with expensive housing and high costs of living are suffering. Tightened loan standards are preventing home buyers from entering the market. Families are relocating to lower cost of living markets. The high cities with high real estate values are also suffering the most from the shadow inventory of foreclosures and short sales. Applicable markets: New York, Los Angeles, Chicago, San Diego


California: Californian cities benefited from the greatest price increases during the real estate bubble. Simultaneously California has suffered the greatest in the downturn with the highest numbers of foreclosures and short sales in the country. California is also facing a major budget deficit of $XBn leading to reductions in government services, increased class sizes and increased taxes. Applicable markets: Los Angeles, San Diego, Sacramento

High Shadow Inventory: Large numbers of foreclosures and short sales continue to depress real estate prices in many markets. It will take several more years for many markets to stabilize. Buyers continue to wait on the sideline for conditions to improve. Applicable markets: Reno, Sacramento, Chicago, Springfield, Los Angeles, Philadelphia

High Unemployment: Persistently high unemployment without an economic catalyst is preventing home buyers from entering the market and locking sellers into their current homes. Applicable markets: Philadelphia, Los Angeles, New York, Chicago, Sacramento, Reno

Reliance on the Finance Industry: Downsizing in the banking industry combined with reduction in Wall Street bonuses has caused challenges in markets reliant on banking, Wall Street layoffs and a lack luster stock market have affected the highest cost markets like NYC most directly. Applicable markets: New York , Chicago, Los Angeles, Philadelphia

O Canada!


Unlike the United States, Canadian real estate agents are fairly optimistic about 2012. Canadian real estate agents believe that all core metrics of the Canadian real estate market and economy will be increasing in 2012. Real estate values, real estate transactions, new construction starts, and the local economy are project to increase slightly in 2012. Canada continues to have a strong banking system, a strong dollar, and low unemployment. Interest rates are low, spurring international investment in Canada.. Canadian confidence continues to be high. Job growth is being driven by the energy industry in Canada.

Canadian Real Estate Confidence

Few problems are facing the Canadian real estate market or the Canadian economy. Inflation and gas prices are the only problems that the Canadian economy seems to be facing. Unlike the US real estate market, Canada any issues with short sales or foreclosures.

Canadian Real Estate Problems

Canadian real estate agents feel like single family homes, investment properties for rental and condominiums all represent good investment opportunities, due to historically low interest rates. Interestingly, Canadian real estate agents are slightly LESS optimistic about real estate as investment opportunity when compared to American real estate agents

Canadian Real Estate Opportunities



   



(1) Q4 2011 S&P/Case-Shiller index
(2) RealtyTrac 2011 Year End Foreclosure Report
(3) NAR Re-Benchmarking of Home Sales