Thursday, February 19, 2009

Dude, where's my bailout?

Time for the weekend, I've been positively busy these past couple weeks and finally getting caught up. I've been eligible to substitute teach but still haven't had a free day to do so. I'm hoping to get a shot next week, I'll be starting with Elementary. Twenty kids for 7 hours should be a piece of cake, right? I'm really hoping there will be an opening for a P.E. class. I'll have to avoid all temptation of jumping into the dodgeball game, I know it already. I hope a student brings me an apple, that would make a great first day.

So lots of things have happened since last time I posted. For starters, I'm over at a new office, Coldwell Banker HPW. Since being here I've started a team with my Dad which I'm really excited about. This gives us the ability to give clients better service on every level. With him on board, I now increase my client list and get a helping hand with all of my current business. We put our first c0-listing on the market yesterday, priced at $285,000 in the new Powell Place development in Pittsboro.

The President has just unveiled his bailout plan to fight home foreclosures. The $75 billion dollars will aim to keep people from losing their homes with several strategies. Helping people refinance and giving lenders incentives not to foreclose are all part of his plan, while putting money into Freddie & Fannie to demonstrate to the public we have a strong financial backing and money to lend. This along with the new tax credits that were unveiled will hopefully add a boost to the US housing market and the economy.

While housing market decline seems to headline the national news, we're seeing the other side of it in my business. My Dad and I have had a rush of clients to start this year, it makes us realize the fortune of being in an area like the Triangle. I've encountered several multiple offer situations already this year, a lack of inventory for some clients, and a lot of buyers looking to take advantage of all these current incentives like low rates and tax breaks.

I've got plans to hit the basketball court over the weekend, I haven't picked up a ball in years though. All these games on TV recently have given me the itch to play, I just hope I can still hit the rim. I've never been much of a dunker which is wild, I know. Mugsy Bogues always gave me hope growing up, but that dream sort of faded when I didn't make the middle school team. I'm organizing a Duke vs UNC pick-up game for March 8 before the real matchup, I'll have to really work on my cross over before then.