Daily Archives: December 5, 2012

3 attitude adjustments everyone should make now | Bedford Corners Realtor

Book Review
Title: “Get Your Shift Together: How to Think, Laugh, and Enjoy Your Way to Success in Business and in Life
Author: Steve Rizzo
Publisher: McGraw-Hill Professional, 2012; 224 pages; $25

A friend of mine has two remarkable little girls, ages 5 and 8, and they have very different personalities. The youngest is spritely, whimsical and exuberant. The oldest is brilliant, methodical and mightily capable. She taught me how to tie a square knot. She’s wont to say things like, “Tara, I can row from this side of the bay to that one, in a boat the size of a bathtub. By myself.” And she can.

But she’s young and well-parented, so she has not let her pragmatism dim the high priority she places on fun — not in the least. In fact, she’s somehow managed to find a perfect marriage between the two. After she pulled me out of some brooding moment with a silly story about a caper she pulled off with her schoolmates, she took the occasion of my laughter to say: “You know, every time you laugh, it adds two months to your life.”

I don’t know whether that’s true. Research uncovered in my Google search says that it does boost your immune system and your chances of survival, should serious disease strike — it also suggests that laughter adds life to the years we do have.

Article continues below

But in any event, there’s one person I’m certain would agree with my little friend’s assessment: comedian-turned-motivator Steve Rizzo, whose new book “Get Your Shift Together: How to Think, Laugh, and Enjoy Your Way to Success in Business and in Life” launches right after Christmas.

Rizzo starts out by telling a series of stories — one about his own life as a Hollywood comedian opening for the likes of Eddie Murphy, Rodney Dangerfield and Jerry Seinfeld before he had the epiphany that his true calling was to motivate people, not “making it big” in the traditional sense. He tells another about his brother, who lost nearly all his intestines in Vietnam and has lived a full, wonderful life despite doctor’s foreboding prognoses.

Rizzo’s stories remind us that our circumstances impact our lives, but our attitudes and our responses create our final outcomes.

The rest of the book is broken into three parts, broken down to cover buckets of the “shifts” referenced in the title, laughter-drive attitude adjustments Rizzo says hold the potential to change your business and your life:

1. The shift to a happier mindset. Rizzo encourages readers to adopt the viewpoint that happiness is a choice, one they must consciously and constantly make if they truly want to have happy lives. He also makes a good case that most of us who are on a success path fail to enjoy the process — of achieving our goals and of daily living — and, thus, fail to enjoy the bulk of our lives.

The stress and other chronic negative emotions so many people live with on their way to reaching distant goals also hinder productivity and creativity, according to Rizzo, who prescribes personal choice as the key to shifting into everyday happiness and achieving your goals and dreams.

Advocating that happiness is a “personal right” we should simply, aggressively claim all through every day, at work and at home, Rizzo proclaims that “there is absolutely no reason why you can’t plan for the future, set goals, undergo your daily routine, deal with the unexpected and still make conscious choices to enjoy yourself while you do so.”

2. The instant shifting power of humor. Here, Rizzo focuses on helping readers practice their most important superpower: the power of choosing to think about the things that take place in their lives in a way that is positive, optimistic and happiness-promoting. He provides methodical guidance for learning how to shift your beliefs and feel better any time you need to.

Finding and focusing on the humor in tough situations is one of the key cures for negativity that Rizzo recommends, here and throughout “Get Your Shift Together.”

3. Shifts away from fear and the “big mouth in your head.” Rizzo, whose motivational stage name is The Attitude Adjuster, devotes the last section of the book to his insights on how to conquer fear (“the emotion from which anger, worry, guilt, self-doubt and all other negative emotions derive”) and something he calls the “Big Mouth in Your Head,” an “inner voice” that “plays off your deep-rooted fears and keeps you in a state of constant turmoil.

Laughter is, again, Rizzo’s go-to cure for these darkest emotions. He writes that “the moment you become aware of the deceiving ways of the Big Mouth and allow yourself to laugh in the face of fear, you enter into a higher state of consciousness.”

“Get Your Shift Together” is not a hard-hitting, step-by-step, chart-laden, personal growth book. Rather, it’s an entertaining, easy, yet inspiring read for those who are ready to start taking their happiness seriously.

Tara-Nicholle Nelson is a real estate broker, attorney and the author of two critically acclaimed books on real estate. Tara also speaks and writes on the art and science of life transformation at RETHINK7.com.

Pros’ guide to patching driveway cracks | Pound Ridge Realtor

Q: We bought our house in 1980, and it was built in 1939. I don’t know how old our concrete driveway is, but it has many cracks that weeds are growing from. Over the years the cracks have gradually gotten bigger. Money is tight and we would rather not have to replace the entire driveway. Is there a way to repair those cracks? I’m not looking for a perfect solution. Any advice you can give will be most appreciated.

A: No need to replace the driveway. Patching the cracks will slow down the deterioration and give your driveway many more years of useful life.

The main reason for fixing concrete cracks, aside from looks, is to help keep moisture from leaching into the soil causing expansion and contraction that further damages the concrete.

Before you begin the repair, scope out the general area and try to get a feel for what caused the crack. Tree roots and standing water are two common causes. Before you begin fixing the actual crack, try to identify and eliminate the source. That could mean cutting out an offending tree root or filling a depression in the concrete.

Preparation

Regardless of the size of the crack, job one is preparation. It’s critical to clean and perhaps widen the crack to create clean surfaces that are ready to bond with the repair material you choose. You’ve got weeds, so first use a herbicide to kill them — “roots and all” as one popular brand says. Spray the weeds and give them a week or so to die.

Begin preparing the crack by breaking off any loose pieces of concrete with a cold chisel. The goal is to get a solid surface to bind to the patching material.

After the chiseling is done, use a wire brush to loosen any remaining debris.

Remove as much loose debris from the crack as possible. The gold standard is to use an air compressor, but if you don’t have one available, use a shop vac to vacuum out the crack. Your goal is to clean out all of the dust and chips.

Fixing cracks less than 1/2 inch

Textured caulk, concrete sealer or pourable concrete grout are options for repairing small cracks. Choose a product that is flexible. It should give a little with earth movement. Read the labels and ask the salesperson at the home center for recommendations.

Whichever product you choose, be sure to follow the manufacturer’s instructions. Completely fill the crack and use a pointing trowel or your thumb to push the grout or sealer into the crack.

Fixing larger concrete cracks

For cracks wider than 1/2 inch, use a cold chisel to undercut the crack to make sure that the crack is wider below the surface than at the surface. This will keep the patching material from popping out of the crack as the concrete expands and contracts.

If using pourable concrete grout, apply it in 1/4-inch increments. Another alternative is to partially fill the crack with damp sand leaving 1/2 inch to the surface of the crack to be filled with the grout. Either way, multiple applications are required to allow for proper drying and shrinkage. Overfill the final coat to compensate for the slight shrinkage the grout will experience as it dries.

If using vinyl concrete patch, mix only as much as you can use within the pot life of the product, usually less than 20 minutes. Begin by wetting the crack with a spray bottle or hose. Spread the patch material into the crack forcing it into the crack with a pointing trowel or your finger. Again, fill the crack in layers no thicker than 1/4 inch to account for shrinkage. Again, damp sand can be used to raise the depth of the crack to 1/2 inch.

If using textured caulk, it has to be applied to a dry surface. If the crack you’re repairing is deeper than 3/8 inch, fill the crack with sand or foam backer board. Cut off the tip of the applicator to a size that matches your crack, not exceeding 1/4 inch (refer to the caulk manufacturer’s guidelines). In addition to completely filling the crack, apply some overfill to account for shrinkage as the caulk dries.

When finishing each of these options blend the final patch material with the surrounding concrete to form a good seal of the crack. A small brush, a broom or even a block of wood rubbed across the patch will do the trick.

It’s Official: Canada Housing Market Slowing, But by How Much? | Waccabuc Realtor

By Don Curren

REUTERS

It’s official: Canada’s central bank has formally recognized that the country’s housing market is starting to cool.

Unfortunately, that doesn’t bring a lot of clarity to the key issue that’s keeping a lot of Canadians awake at night, namely how deep the correction will be.

Canada’s housing market has seen robust growth for several years both before and after the global financial crisis, with a fairly brief wobble in that period. That growth pushed prices to record highs, worrying both the central bank and the federal government. The government, all too aware of the housing implosion south of the border, responded by tightening mortgage rules four times in as many years, with the last measures taking effect in July.

That last tightening seems to have been the tipping point, with housing prices in key real-estate flash points such as Toronto and Vancouver softening in the following months. Canada’s central bank acknowledged for the first time the reality of the housing slowdown in its regular policy statement Tuesday morning, saying “housing activity is beginning to decline from historically high levels.”

But that was quickly followed with the caveat that “[it] is too early, however, to determine whether the moderation in housing activity and credit growth will be sustained.” The bank would certainly like to see more moderation. It’s been worried about the household sector’s overall debt levels since at least 2009, and those debt levels are largely driven by mortgages and other forms of property-based borrowing.

Meanwhile, it’s been unable to take action by raising interest rates as it’s had to offset the drag on Canada’s export-oriented economy from the problems in Europe and elsewhere. The bank does forecast with some confidence that the expansion will be “driven mainly by growth in consumption and business investment, reflecting very stimulative domestic financial conditions.”

But the sophisticated forecasting models the bank uses for making economic forecasts and interest-rate decisions apparently don’t extend to the housing market–or the bank isn’t comfortable revealing what they say. The bank did quantify the impact it expects the housing sector to have on the economy in its last policy report in October, when it said the housing sector would take a tenth of a percentage point off GDP growth in 2013 and 2014. But for any more detail than that, worried Canadians will have to wait for its next policy report, in January.

Why you hire a Realtor | Chappaqua NY Realtor

Why you hire a Realtor   |    Chappaqua NY Realtor – Robert Paul

 

1.   Real estate professionals are market specialists.

2.   Real estate professionals are neighborhood experts.

3.   Real estate professionals have more information about homes thann you do.

4.   Real estate professionals save you time.

5.   Real estate professionals can work with you the way you want to work.

6.   Real estate professionals share your risk.

7.   Real estate professionals work to protect you from unqualifies buyers.

8.   Real estate professionals know how to close a deal. 

Mortgage Demand for Purchases Soars to Yearly High | Pound Ridge Realtor

Loan requests for new home purchases hit a new high for the year last week, the Mortgage Bankers Association reports. 

Applications for home purchases, viewed as a leading indicator for future home sales, rose for its fourth consecutive week, marking a high point for 2012, the MBA reports. 

The MBA’s mortgage application index, which reflects mortgage demand for refinancing and home purchases, rose 4.5 percent for the week ending Nov. 30. 

Applications for refinancings also saw a big spike last week, rising 6.1 percent. 

Mortgage rates are in record-breaking territory. The 30-year fixed-rate mortgage averaged 3.52 percent last week, down from 3.53 percent the previous week. 

Source: “Mortgage Applications Rose Last Week: MBA,” Reuters (Dec. 5, 2012)

Read More

Established Households Dominate Market

Has a Second Foreclosure Wave Really Been Averted? | Bedford Corners Realtor

Many analysts are projecting that the worst of the foreclosure crisis is behind the housing market, but on a more local level, some areas are still struggling and are seeing a “second foreclosure wave” emerging, Forbes reports. 

The areas most affected tend to be where foreclosures must go through court approval. The process has created huge backlogs in processing foreclosures. So while the housing data may show a 24 percent nationwide decrease in foreclosures year-over-year, Forbes columnist Morgan Brennan says that is misleading for some areas. Some areas that are even seeing a decrease now may find it temporary as the courts work through the backlogs. 

For example, in Florida, New Jersey, and New York alone, the average time it takes a home to go from default to being repossessed by a bank is more than two years. 

Some judicial states are already seeing the effect of the large backlogs with a big spike in foreclosures starting to surface. For example, New Jersey is seeing a 140 percent increase in foreclosure filings in October year-over-year; New York saw a nearly 123 percent increase, RealtyTrac reports. 

“There’s been a pronounced shift in foreclosures from the Sand States to the East Coast, in particular the judicial foreclosure law states with the longest time lines like Florida, New York, and New Jersey,” says Mark Fleming, chief economist for CoreLogic. 

In October housing data, Florida leads the nation in foreclosures with an 11 percent rate, followed by New Jersey (8 percent) and New York (5 percent). 

“There are a set of states that are not improving year-over-year like the others,” says Tim Martin, group vice president of U.S. housing at TransUnion. 

But even in markets where foreclosures are still high, there are signs of improvement with new borrowers staying current on their loans and a decrease in mortgage delinquencies, Forbes reports. 

Source: “The Foreclosure Crisis Isn’t Over Just Yet,” Forbes.com (Dec. 1, 2012)

Read More

New Report Warns of Hidden ‘Second’ Foreclosure Crisis
Excerpt: How to Avoid the Next Financial Crisis

Is the Housing Recovery at Risk? | Chappaqua Realtor

Housing market forecasts have been fairly rosy of late, but as a “fiscal cliff” looms some analysts are worried the housing market may be doomed for a very slow recovery. 

The analytics firm Fiserv is predicting that nearly two-thirds of the nationwide housing market is going to see home prices decline for the year through next June. Home price gains will be modest at 0.3 percent, according to Fiserv. 

The fiscal cliff has many in the real estate industry concerned about how it might impact housing and the gains in home prices recently, CNNMoney reports. Lawmakers are trying to reach a deal on potential tax increases and spending cuts. But some housing experts are concerned that sellers, particularly high-end sellers, may have less to spend on buying a new home depending on how the fiscal cliff talks play out. 

“Even people who do have the resources to buy homes will be more nervous,” says Celina Chen, an economist and analyst for Moody’s Analytics.  

Despite the fiscal cliff, other issues are challenging the recovery in the housing market, CNNMoney reports. The Mortgage Debt Forgiveness Act of 2007 is set to expire Jan. 1. If the act does expire, home owners who went through a foreclosure, short sale, or principal loan reduction may now be responsible for paying income taxes on the portion of their mortgage that was forgiven. The expiration of the act may also have more struggling home owners choosing a foreclosure over a short sale, CNNMoney reports. 

Fiserv predicts the housing market will be marked by a slow recovery, with modest gains at first and with home prices starting to edge up between June 2013 and 2014. Fiserv predicts home prices to rise 3.4 percent in that period and grow at an annual rate of 3.3 percent for the next five years through June 2017. 

Source: “There’s a Home Price Recovery … But it’s Really, Really Slow,” CNNMoney (Dec. 5, 2012)

Read More

The ‘Fiscal Cliff,’ QE3, and the Future of Interest Rates
Mortgage Rates Stay Near Record Lows