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5 Ways to Spend Your Lunch Hour

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SUCCESS Magazine recently asked several entrepreneurs from the Young Entrepreneur Council to share how they get more out of their lunch hour each day. Here are five of their answers.

1. Unplug completely. When you give yourself a break to clear your head, you’ll feel more energized and may get fresh ideas. Changing gears with a book, a funny podcast or inspiring interview can also help refresh your perspective, especially on hectic days.

2. Step away from the computer. While you eat, give yourself some quiet time to write down goals, update your to do list, or plan task completion. This can ensure you finish the day strong.

3. Watch something educational. Instead of trying to multitask with a working lunch, hit rewind and watch a video on or take a class on or Khan Academy.

4. Meet someone new. Don’t turn down lunch or coffee with someone who wants to meet with you. Lunch is the perfect way to meet new contacts, discover opportunities, share your projects, or get someone else’s advice on a business problem.

5. Go outside.
Studies show that long periods of sitting can be harmful to your health. A little fresh air can go a long way, but add a short, brisk walk and you’ve got the perfect tonic for a powerful second act in the afternoon.

As always, feel free to share these great tips with your team, clients and colleagues.

Source: SUCCESS Magazine,, The JAMA Network

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Economic Update – November 24, 2014

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Existing home sales rose 1.5% in October to a seasonally adjusted annual rate of 5.26 million units. Compared to a year ago, October existing home sales were up 2.5%. The inventory of unsold existing homes on the market fell 2.6% to 2.22 million in October, a 5.1-month supply at the current sales pace.

The monthly National Association of Home Builders/Wells Fargo housing market index rose four points in November to 58 from an October reading of 54. An index reading above 50 indicates positive sentiment about the housing market.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending November 14 rose 4.9% from the previous week. Purchase volume rose 12%. Refinancing applications increased 0.9%.

The combined construction of new single-family homes and apartments in October fell 2.8% to a seasonally adjusted annual rate of 1,009,000 units, compared to the revised September estimate of 1,038,000 units. Single-family starts increased 4.2%. Volatile multifamily starts fell 15.4%. Overall, housing unit starts were up 7.8% in October when compared to the previous year. Applications for new building permits, seen as an indicator of future activity, were at a seasonally adjusted annual rate of 1,080,000 units, 4.8% above the revised September rate of 1,031,000 units.

The index of leading economic indicators — designed to forecast economic activity in the next three to six months — rose 0.9% in October, following a 0.7% increase in September.

Industrial production at the nation’s factories, mines and utilities fell 0.1% in October after a revised 0.8% increase in September. Compared to October 2013, industrial production has increased 4% over the last year. Capacity utilization fell to 78.9% in October from 79.2% in September.

Consumer prices were unchanged in October, following a 0.1% increase in September. Compared to a year ago, October consumer prices were up 1.7%. Consumer prices at the core rate — excluding volatile food and energy prices — were up 0.2% in October.

Initial claims for unemployment benefits for the week ending November 15 fell by 2,000 to 291,000. Continuing claims for the week ending November 8 fell by 73,000 to 2.33 million, the lowest level since December 2000. The less volatile four-week average of claims for unemployment benefits was 287,500.

Upcoming on the economic calendar are reports on the home price index on November 25 and new home sales on November 26.

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How to Take Title to Your Property

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Property law describes the various ways individuals and multiple parties, such as a married couple, can hold title to a property. Here are the most common types of ownership titles you will find regarding property.

Sole Ownership — This is the most common form of title. Sole ownership means there is one person who owns 100% of the home. One member of a married couple can hold this title if the non-owning spouse signs a quit claim deed, which voids that person’s right to the property.

Joint Tenancy (also called joint tenancy with right of survivorship) — When two or more people hold title to a property, it’s called joint tenancy, which is common between husband and wife. Each person on title has equal rights to the property. In the case of a title owner’s death, ownership transfers in equal parts to the other people named on the title. The passing of property typically avoids probate in this circumstance.

Tenancy in Common — Under this title, multiple parties hold equal or unequal portions (or shares) of a property. Any combination of ownership percentage is acceptable and any owner can individually sell or give away his or her portion of the property at any time. Tenants in common have no right of survivorship so when an owner dies, that portion of the property is part of the deceased’s estate.

Tenancy by the Entirety — This is a special form of joint tenancy offered in only a few states. It’s exclusive for married couples and says spouses hold title together and all decisions made about the property must be jointly determined. Like joint tenancy, a death typically causes property to pass to the surviving spouse without probate. One of the benefits of this title is the ability to guard the property from creditors if one spouse has a large debt.

Please note that laws can vary from region to region, so the above should be used only as a general guide. The above content is for informational purposes only and should not be used as a substitute for consultation with a legal advisor.

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