Have an earthquake readiness plan
A little knowledge and a few precautionary measures can enormously increase your chances of surviving an earthquake - or any other type of hazard. The keys are education and preparing in advance. The earthquake safety tips below will not make you an expert. However, they could make a life-saving difference if you find yourself in an earthquake situation. Invest in your personal safety by studying below.
Consult a professional to learn how to make your home sturdier, such as bolting bookcases to wall studs, installing strong latches on cupboards, and strapping the water heater to wall studs.
Locate a place in each room of the house that you can go to in case of an earthquake. It should be a spot where nothing is likely to fall on you.
Keep a supply of canned food, an up-to-date first aid kit, 3 gallons (11.4 liters) of water per person, dust masks and goggles, and a working battery-operated radio and flashlights.
Know how to turn off your gas and water mains.
Before the Earthquake:
Learn how to survive during the ground motion. This is described in the "During the Earthquake" section below. The earthquake safety tips there will prepare you for the fast action needed - most earthquakes are over in seconds so knowing what to do instinctively is very important.
Teach all members of your family about earthquake safety. This includes: 1) the actions you should take when an earthquake occurs, 2) the safe places in a room such as under a strong desk, along interior walls, and 3) places to avoid such as near windows, large mirrors, hanging objects, heavy furniture and fireplaces.
Stock up on emergency supplies. These include: battery operated radio (and extra batteries), flashlights (and extra batteries), first aid kit, bottled water, two weeks food and medical supplies, blankets, cooking fuel, tools needed to turn off your gas, water and electric utilities.
Arrange your home for safety: Store heavy objects on lower shelves and store breakable objects in cabnents with latched doors. Don't hang heavy mirrors or pictures above where people frequently sit or sleep.
Anchor heavy appliances and furniture such as water heaters, refrigerators and bookcases.
Store flamable liquids away from potential ignition sources such as water heaters, stoves and furnaces.
Get Educated. Learn what to do during an earthquake (see below). Then you will be ready for the fast action needed. Make sure that all members of your family have this important education.
Learn where the main turn-offs are for your water, gas and electricity. Know how to turn them off and the location of any needed tools.
During the Earthquake:
If you are indoors, stay there. Quickly move to a safe location in the room such as under a strong desk, a strong table, or along an interior wall. The goal is to protect yourself from falling objects and be located near the structural strong points of the room. Avoid taking cover near windows, large mirrors, hanging objects, heavy furniture, heavy appliances or fireplaces.
If you are cooking, turn off the stove and take cover.
If you are outdoors, move to an open area where falling objects are unlikely to strike you. Move away from buildings, powerlines and trees.
If you are driving, slow down smoothly and stop on the side of the road. Avoid stopping on or under bridges and overpasses, or under power lines, trees and large signs. Stay in your car.
If Shaking Begins
Drop down; take cover under a desk or table and hold on.
Stay indoors until the shaking stops and you're sure it's safe to exit.
Stay away from bookcases or furniture that can fall on you.
Stay away from windows. In a high-rise building, expect the fire alarms and sprinklers to go off during a quake.
If you are in bed, hold on and stay there, protecting your head with a pillow.
If you are outdoors, find a clear spot away from buildings, trees, and power lines. Drop to the ground.
If you are in a car, slow down and drive to a clear place. Stay in the car until the shaking stops.
If Shaking Begins
Drop down; take cover under a desk or table and hold on.
Stay indoors until the shaking stops and you're sure it's safe to exit.
Stay away from bookcases or furniture that can fall on you.
Stay away from windows. In a high-rise building, expect the fire alarms and sprinklers to go off during a quake.
If you are in bed, hold on and stay there, protecting your head with a pillow.
If you are outdoors, find a clear spot away from buildings, trees, and power lines. Drop to the ground.
If you are in a car, slow down and drive to a clear place. Stay in the car until the shaking stops.
This would be a great email for one of your 33 Step Action Plans to send out to your clients today. Remember, you only need 250 contacts in your database and reach them 33 times to equal 50 transactions! These are real stats! I mass email things like this so you don't have to do the research, but can still touch your clients. Hope this helps, and thank goodness today's earthquake was a minor one! Please enjoy your beautiful day!
Tuesday, March 16, 2010
Wednesday, March 10, 2010
State of the California Housing Market Report
First-time buyers, distressed properties drove California’s housing market in 2009, C.A.R. reports
LOS ANGELES (March 10) – Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) 2009-2010 “State of the California Housing Market” report released today.
The percent of first-time buyers increased dramatically in 2009, from 35.9 percent in 2008 to 47 percent in 2009, according to the report. The share of first-time buyers exceeded the long-run average of 38.6 percent and was the highest since 1995, when more than half of all buyers were first timers.
“It is clear that the federal tax credit for home buyers worked well in 2009 and is continuing to drive home sales,” said C.A.R. President Steve Goddard. “The home buyers’ tax credit is arguably the most successful strategy employed by the government’s efforts to stimulate the economy.”
According to a survey conducted by C.A.R. on the effectiveness of the federal tax credit for home buyers, nearly 40 percent said they would not have purchased a home if the federal tax credit was not offered. On the same note, nearly 70 percent of these buyers said the tax credit was either “very important” or “most important” in their decision to buy a home. The large number of distressed properties led to more than half of all first-time buyers purchasing an REO/foreclosure or short sale property.
Statewide, REO/foreclosures and short sales accounted for almost half of all annual sales in 2009, an increase from 35.6 percent in 2008. The median price of distressed properties declined nearly one quarter to $250,000 in 2009 compared with $330,000 in 2008. Meanwhile, the median price of non-distressed properties decreased only 10.4 percent to $485,000 compared with $541,000 in 2008.
Many sellers sold their homes with a loss in 2009, and those who experienced a net cash loss increased for the fifth consecutive year. With one-third of sellers experiencing a net cash loss in 2009, it was the highest level on record since C.A.R. started tracking net cash losses in 1989, and was more than triple the long-run average of 9.3 percent. Following two consecutive years of significant declines in prices, the median net cash from home sales declined 50 percent last year to $50,000 from $100,000 in 2008.
Although sellers experienced a steeper net cash loss, lower home prices across the state sent affordability for first-time buyers to record-high levels in 2009. C.A.R.’s First-Time Buyer Housing Affordability Index (FTB-HAI) rose to 64 percent in the third quarter of 2009. The FTB-HAI measures the percentage of households that can afford to purchase an entry-level home in California and also reports first-time buyer indexes for regions and select counties within the state.
Affordable home prices also enabled first-time buyers to purchase larger homes. The average size of a first-time buyer’s house increased to 1,560 square feet in 2009 compared with 1,300 square feet in 2005. Nearly 80 percent of first-time buyers purchased a single-family home, a slight increase from 78.5 in 2008, but a significant increase from 2005 when only 61 percent of first-time buyers purchased single-family homes.
Lower home prices not only encouraged first-time buyers to purchase entry-level homes, but also lured investors. More than 70 percent of properties purchased by investors were either short sales or REO/foreclosures. The typical investment property was 1,367 square feet and had a median price of $232,750.
California’s median home price hit bottom in February 2009 at $245,170. Since then, the median home price has increased steadily in month-to-month comparisons, but remained below 2008 levels throughout 2009. The annual median price is projected to increase to $280,000 in 2010 from $271,000 in 2009.
Homes priced $500,000 or less dominated the sales mix throughout 2008 and early 2009, but peaked at 85 percent in January 2009. Meanwhile, the market share of homes sold for more than $500,000 increased from 15 percent in January 2009 to 25 percent in July 2009, holding steady around that figure for the remainder of last year.
Sales of high-end homes started picking up in late 2009, with the number of closings for homes priced $500,000 or higher rising 3 percent, and sales of homes priced $1 million or more experiencing their first year-to-year increase since July 2007. Statewide, annual sales of existing homes are projected to reach 527,500 units in 2010, a 2.7 percent decline compared with 2009’s annual rate of 540,000 units.
As conventional loans became more difficult to obtain, the percentage of FHA-insured loans as a first mortgage increased significantly in 2009. The percentage of home buyers utilizing an FHA-insured loan increased to 32 percent in 2009, compared with 18.9 percent in 2008, partially a result of the agency increasing its loan limit from $362,790 to $729,750. FHA loans typically require lower down payments and have less rigid credit-qualifying guidelines than conventional loans. The median down payment for FHA-insured loans was $9,888 compared with $92,000 for conventional purchase loans.
“Although the huge increase in the use of FHA-insured loans is of concern, the housing market will continue to stabilize as home prices slowly recover and discretionary sellers return to the market in 2010,” said C.A.R. Chief Economist Leslie Appleton-Young.
C.A.R.’s “State of the California Housing Market 2009-2010” report is free to members of C.A.R. or available for purchase for $49.95 in electronic format at http://www.rebsonline.com/category/57/. The survey is no longer available in hard copy format. Journalists who would like a complimentary copy of the report should e-mail markg@car.org or call (213) 739-8363.
Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
LOS ANGELES (March 10) – Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) 2009-2010 “State of the California Housing Market” report released today.
The percent of first-time buyers increased dramatically in 2009, from 35.9 percent in 2008 to 47 percent in 2009, according to the report. The share of first-time buyers exceeded the long-run average of 38.6 percent and was the highest since 1995, when more than half of all buyers were first timers.
“It is clear that the federal tax credit for home buyers worked well in 2009 and is continuing to drive home sales,” said C.A.R. President Steve Goddard. “The home buyers’ tax credit is arguably the most successful strategy employed by the government’s efforts to stimulate the economy.”
According to a survey conducted by C.A.R. on the effectiveness of the federal tax credit for home buyers, nearly 40 percent said they would not have purchased a home if the federal tax credit was not offered. On the same note, nearly 70 percent of these buyers said the tax credit was either “very important” or “most important” in their decision to buy a home. The large number of distressed properties led to more than half of all first-time buyers purchasing an REO/foreclosure or short sale property.
Statewide, REO/foreclosures and short sales accounted for almost half of all annual sales in 2009, an increase from 35.6 percent in 2008. The median price of distressed properties declined nearly one quarter to $250,000 in 2009 compared with $330,000 in 2008. Meanwhile, the median price of non-distressed properties decreased only 10.4 percent to $485,000 compared with $541,000 in 2008.
Many sellers sold their homes with a loss in 2009, and those who experienced a net cash loss increased for the fifth consecutive year. With one-third of sellers experiencing a net cash loss in 2009, it was the highest level on record since C.A.R. started tracking net cash losses in 1989, and was more than triple the long-run average of 9.3 percent. Following two consecutive years of significant declines in prices, the median net cash from home sales declined 50 percent last year to $50,000 from $100,000 in 2008.
Although sellers experienced a steeper net cash loss, lower home prices across the state sent affordability for first-time buyers to record-high levels in 2009. C.A.R.’s First-Time Buyer Housing Affordability Index (FTB-HAI) rose to 64 percent in the third quarter of 2009. The FTB-HAI measures the percentage of households that can afford to purchase an entry-level home in California and also reports first-time buyer indexes for regions and select counties within the state.
Affordable home prices also enabled first-time buyers to purchase larger homes. The average size of a first-time buyer’s house increased to 1,560 square feet in 2009 compared with 1,300 square feet in 2005. Nearly 80 percent of first-time buyers purchased a single-family home, a slight increase from 78.5 in 2008, but a significant increase from 2005 when only 61 percent of first-time buyers purchased single-family homes.
Lower home prices not only encouraged first-time buyers to purchase entry-level homes, but also lured investors. More than 70 percent of properties purchased by investors were either short sales or REO/foreclosures. The typical investment property was 1,367 square feet and had a median price of $232,750.
California’s median home price hit bottom in February 2009 at $245,170. Since then, the median home price has increased steadily in month-to-month comparisons, but remained below 2008 levels throughout 2009. The annual median price is projected to increase to $280,000 in 2010 from $271,000 in 2009.
Homes priced $500,000 or less dominated the sales mix throughout 2008 and early 2009, but peaked at 85 percent in January 2009. Meanwhile, the market share of homes sold for more than $500,000 increased from 15 percent in January 2009 to 25 percent in July 2009, holding steady around that figure for the remainder of last year.
Sales of high-end homes started picking up in late 2009, with the number of closings for homes priced $500,000 or higher rising 3 percent, and sales of homes priced $1 million or more experiencing their first year-to-year increase since July 2007. Statewide, annual sales of existing homes are projected to reach 527,500 units in 2010, a 2.7 percent decline compared with 2009’s annual rate of 540,000 units.
As conventional loans became more difficult to obtain, the percentage of FHA-insured loans as a first mortgage increased significantly in 2009. The percentage of home buyers utilizing an FHA-insured loan increased to 32 percent in 2009, compared with 18.9 percent in 2008, partially a result of the agency increasing its loan limit from $362,790 to $729,750. FHA loans typically require lower down payments and have less rigid credit-qualifying guidelines than conventional loans. The median down payment for FHA-insured loans was $9,888 compared with $92,000 for conventional purchase loans.
“Although the huge increase in the use of FHA-insured loans is of concern, the housing market will continue to stabilize as home prices slowly recover and discretionary sellers return to the market in 2010,” said C.A.R. Chief Economist Leslie Appleton-Young.
C.A.R.’s “State of the California Housing Market 2009-2010” report is free to members of C.A.R. or available for purchase for $49.95 in electronic format at http://www.rebsonline.com/category/57/. The survey is no longer available in hard copy format. Journalists who would like a complimentary copy of the report should e-mail markg@car.org or call (213) 739-8363.
Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
Thursday, March 4, 2010
Get off the Nails in Your Life.
There was a man who went to visit his friend in the deep bayous of Louisiana. As he approached his friend’s house he noticed his trusty old hound out on the porch moaning and howling lowly. Puzzled, tried to console the aggravated dog to no avail. When his friend came to the door, he asked why the dog was lowly howling. His friend simply replied that the dog had laid on a nail. Now completely confused, he asked "why doesn’t he just get off it?" His friend replied with a slow southern drawl, "I guess it doesn’t hurt that bad…"
This little story illustrates perfectly the concept of a toleration. They are things that we can do something about, but lack the motivation because they just don’t hurt bad enough to overcome the pain that comes with the discipline to do something positive. Think the papers on your desk, those extra 10 pounds, the prospecting activities that seem to always get put off until tomorrow or next week.
You are tolerating more than you think. We put up with, accept, take on, and are dragged down by people’s behavior, situations, unmet needs, crossed boundaries, unfinished business, frustrations, problems, and even our own behavior.
So what are you tolerating? Take a couple of minutes to write down stuff you that you are putting up with. Not the stuff you can’t change or have no control over, but things like that 5 lbs that hangs around because it really doesn’t bug you enough to motivate you to go to the gym. Or that pile of papers that has sat on the corner of your desk for the last 3 weeks.
As you think of more items, add them to your list. Do you have to do anything about them? No, not really. Just becoming aware of and articulating them will bring them to the forefront of your mind and you’ll naturally start handling, eliminating, fixing, growing through, and resolving these them
This little story illustrates perfectly the concept of a toleration. They are things that we can do something about, but lack the motivation because they just don’t hurt bad enough to overcome the pain that comes with the discipline to do something positive. Think the papers on your desk, those extra 10 pounds, the prospecting activities that seem to always get put off until tomorrow or next week.
You are tolerating more than you think. We put up with, accept, take on, and are dragged down by people’s behavior, situations, unmet needs, crossed boundaries, unfinished business, frustrations, problems, and even our own behavior.
So what are you tolerating? Take a couple of minutes to write down stuff you that you are putting up with. Not the stuff you can’t change or have no control over, but things like that 5 lbs that hangs around because it really doesn’t bug you enough to motivate you to go to the gym. Or that pile of papers that has sat on the corner of your desk for the last 3 weeks.
As you think of more items, add them to your list. Do you have to do anything about them? No, not really. Just becoming aware of and articulating them will bring them to the forefront of your mind and you’ll naturally start handling, eliminating, fixing, growing through, and resolving these them
Tuesday, March 2, 2010
Bright Spots in California
Three of the top 10 markets for rising prices are in California, a state at the heart of the real estate boom and bust. But because markets in that state were inflated earlier, many were well positioned to make a comeback even before the larger economy recovered.
That's true in the cities of Sunnyvale (in Silicon Valley), Poway and affluent Arcadia, outside of Los Angeles, where prices increased an average of 28%. Inventory has dropped in these markets, suggesting demand is up, and prices in California rose overall from January 2009 to August 2009. That's a natural seasonal trend for healthy markets, but it hadn't been reflected in California since the bust
That's true in the cities of Sunnyvale (in Silicon Valley), Poway and affluent Arcadia, outside of Los Angeles, where prices increased an average of 28%. Inventory has dropped in these markets, suggesting demand is up, and prices in California rose overall from January 2009 to August 2009. That's a natural seasonal trend for healthy markets, but it hadn't been reflected in California since the bust
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