THIS MORNINGS QUICK LOOK
- TOUR DE MTG FINANCE – GA, AL, MS Cool Housing Stats
- PRODUCT HIGHLIGHT – High LTV Comparison Guide
- MARKETING – Inspirational Quote That Made Me Smile
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GA, AL, MS HOUSING STATS
Ok, so I was digging around on the internet reviewing spreadsheets because, well, that is what I like to do. My territory is GA, AL and MS so these are the states I dug in to.
I ran across these stats from Realtor.COM and picked out the stuff I liked and made these charts for you.
First thing to know. What is the difference between Median and Average. Mmmm hmm, bet a lot of you don’t know.
Average you take the total value and divide by the number of individual items.
Median is the direct middle between a high and low side so the numbers can be quite different.
For example, the median list price for AL is $271,950 (far left) but the average list price is $395,741 (3rd from right). Pretty cool huh.
I took GA., AL and MS back to January of 2020 so the far left is month and year starting with Feb 2022 and going down to January 2020.
I like looking at the median SF and price per sf as well as the far right pending to active ratio. For example, Feb 2022 for AL you have 6,926 active listings (not under contract) and 6563 pending listings (under contract) so 95% is the ratio or what I would actually read it as almost 50% are under contract. That is a clearer number if you ask me.
I am actually surprised it is as low as it is in AL but check out GA. That is just ridiculous.
This means there are still houses out there and not under contract. Use some of these stats in your conversations to help show you are the expert in your market.
Have fun!
Product & Guideline Highlight Knowledge That Gives You An Edge Over Your Competition
HIGH LTV PRODUCT COMPARISON GUIDE
I like to send these out when a new updated version is available.
This is a great tool to keep everything straight as it pertains to the different nuances between all of your high LTV loan products.
Click on this link for a PDF and feel free to share with your team.
It is likely similar with your other lenders as well. We have very few overlays.
Got questions about them just ask and I am here to help.
Marketing Ideas And Opportunites Little Things That Can Make A Big Impact
JACKS INSPIRATION FOR THE DAY
I heard this quote the other day.
“On one hand life is short. But on the other hand it is the longest thing you’ll ever do.”
I love it when life puts things in perspective.
Everything in life should lead to either making a difference in your life or making a difference in someone else’s life.
My mission and life statement for the last 10 years has been “Every person I come in contact with whether via text, email, phone or in person both they and I walk away better than we came”.
That’s it. Life is that simple. Do you have a mission statement? Do you have a thought about life that at each interaction you know this is who you want to be and how you want to do things?
It does not have to be mine. I really don’t care but what is yours?
It could be make as much money on every transaction as possible. No problem. Go for it. Or it could be like me to impact lives so that others can see and live an abundant life.
You might be a minimalist, capitalist, empathist, giver, doer, taker, spontaneouser, traveler, home body, exerciser or whatever you can think of.
The main point is life is short but it is the longest thing you will ever do. Just make sure you know why you are doing what you do. And if not, then figure it out. It makes living life a whole lot more fun : )
