The latest scoop from Idaho Business Review indicates sunnier economic skies in the near future for my favorite state:
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The Pacific Research Institute, in association with Forbes magazine, ranks Idaho second in its 2008 U.S. Economic Freedom Index. "The measure assesses a state based on how friendly or unfriendly its government policies are toward free enterprise and consumer choice," the Idaho Department of Commerce said in a release. http://commerce.idaho.gov/assets/content/docs/Economic_Freedom_Index_2008.pdf |
Another reason for predicting a friendlier economy in Idaho:
UGOBE, creators of the Pleo, is moving to my hometown, Eagle, Idaho. Learn more about UGOBE at this link: http://www.ugobe.com/index.html. What's a Pleo? Find out about this cute li'l guy at his own link: www.PleoWorld.com.
Last word on our upcoming economy:
Check out this article to learn about our thriving entrepreneurial environment: http://www.idahostatesman.com/business/story/588349.html Learn what Bob and his buddies did in a basement.
That's how I felt about driving into the mountains this weekend. The leaves on the aspens were a golden yellow. Maples were crimson red. Turning cottonwoods lined rocky creeks and rivers, with swirling whitewater flowing through the Salmon River and the Little Salmon. Whitewater was interrupted by calm, deep pools, before splashing on its course down the mountain. It's the Boise/Cascades in the fall, and I'm lovin' it.
We drove past McCall, Idaho, with beautiful Payette Lake sitting as a backdrop to this quaint town that is trying to turn itself into a resort. The north fork of the Payette River branches off the lake in McCall. Here's a shot of the Payette River in autumn.

This post would be incomplete without a photo of my son playing soccer. His high school team qualified for the state tournament; thus prompting the drive to northern Idaho where the team played-- and won-- its first round in the state playoffs. This photo wasn't taken at my son's most recent game, but is still an appropriate choice.... For better or worse, this pic typifies his playing style. Did I mention he's on the wrestling team when soccer's over?
It's still good to return to real estate (a statement I don't ever recall making about my previous career). I couldn't have made this trip in my LBRE (life before real estate)... as work would have interfered.
Even in this tough market, there are hopeful signs and possibilities to look forward to. 1. My broker is hosting Tom Lundstedt, former professional major league baseball player and current real estate investment guru to enlighten my clients about real estate investing. Tom will give two presentations-- one to agents, and another to agents along with their clients-- about investing in my fave investment: residential income properties. 2. This article showed up online: http://www.latimes.com/news/local/la-fi-homes21-2008oct21,0,1412933.story. The gist of the article is that home sales in California are up 65%. The article takes a negative slant, but good news still shines through: home sales have improved this much over September, 2007. Homes are affordable again to people who were previously kept out of the market by rapidly rising prices. Foreclosures are being gobbled up. If the LA Times wants to paint this in a negative light, that's their perogative. I'll paint my world in the colors of fall-- bright, beautiful, and-- as Grandma would say-- glorious!
Since March, our market-- known to locals as the Treasure Valley-- has been slowly making gains over what appears to have been a bottom in February. I'm hoping February, 2008, was the bottom but, since a number of factors have yet to shake themselves out, we'll have to wait and see what happens in the coming year.
I could cut the local media some slack over not reporting gradual gains; however, Septemeber with its 20% increase over August is both notable and newsworthy. Additionally, our inventory has decreased for three consecutive months, with September, 2008 showing a decreased inventory over September, 2007!! Tremendously welcome news, which I'm sure the typical consumer-- let alone the average seller!-- would love to hear about. From the media: nada!
Approaching mid October, the news media has had ample time to compile the same stats I have-- available to anyone with access to the local MLS-- and run at least one story on this great situation. But we're talkin' Zippo stories as the news vultures reporters continue their relentless trash digging quest for bad news about the economy... well, everything!! Yeah, we all know negative news sells. My response:
1. The negativity has been a bit over the top lately. (Likely because there's an election on the horizon.)
2. If negative news sells so well, why aren't newspapers reporting their own negative numbers, as their circulation numbers continue to dwindle and some of them face the choice of either being bought out by a competitor or going belly up? Hmmmm.... Seems the media is making its own negative news on several levels....
So that's my market report, with a bit of my two-cents thrown in about the news media.
Make your weekend a memorable one!
That's a great statement for me at the end of the day-- to honestly be able to say nothing else I could have done would have made this day any better.
Did I sell a house? No. Win the lottery? Not a chance! I didn't buy a ticket (and rarely do. Although it's fun to buy them and give them to clients :-)!) With either of these activities, there are too many factors beyond my control to say there's something I could have done.
So what did I do that made it such a great day?
First, I wrote out a plan the night before. This is something I've been doing for decades (former school teacher, ya know, so it started in the form of 'lesson plans' and has evolved....) But then I did something I don't always manage to do, which is...
completed every item on the list. My "to do" lists are usually long. Lots of items carry over into the next day. Not today. I started the day with some really positive statements said out loud to myself in the mirror. Okay, confession time: I used to think such behaviors were quirky and corny, but I can't argue with success. The best sales professionals in real estate make positive statements to themselves daily.
This positive start to the day led to a great meeting involving a new prospect, myself, and a mutual acquaintance who wants to grow business for all of us! (What great people to spend time with.) Besides bringing enthusiasm, faith, and courage to the meeting, I also applied some of the skills I've been learning about in order to help people. Most notably, asking great questions (see Bob Burg's book, Endless Referrals for great questions) and then practicing the art of listening. Asking the questions and then hearing the answers was really enjoyable. I left the meeting with an even bigger dosage of enthusiasm than I'd brought to it. With batteries fully charged (the coffee helped too!), I returned to my home office and completed those "top priority" tasks-- the ones that will really grow my business.
I called people in my data base... and lined up meeting with three of them for coffee next week.
I wrote personal notes. (The goal was to write three, but I wrote six.)
I popped by the businesses of two former clients and gave them little gifts. (That makes five pop-bys so far this week.)
I also pushed through to complete a huge project I've been working on for months. Finishing that is exhilarating!
Simple stuff, really. Not at all earth shattering, but that's what's great about it. It can easily be duplicated tomorrow. No reason tomorrow can't be great and I can make the same statement about that day as well.
I'm serious about this little survey, although it's easy to see all kinds of potential for some pretty funny answers.
For the sake of argument, here's some answers that don't count:
It would be interesting (and fun?) to learn what relatively healthy stress relievers people find to continue on through the rest of the day.
For example: I have a listing appointment in the evening. BUT a deal fell apart that morning, while I was also caring for a sick child (who threw up on me).... I waited in the doctor's office for 70 minutes past my appointment time, blah, blah, blah.... My stress reliever: a hilarious book by a funny lady! :-)
Now it's your turn; What's your stress reliever??
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