Just a reminder that I am going to be offering a new Online Program called the Green Belt Business Mastery Course starting May 7th. The target audience for this is businesses that would like to have a Business Coach but feel unable to afford 1 on 1 coaching. This is the first in a series of courses running from Green Belt to Black Belt as well as some specialty Black Belt Classes. If you are interested or know someone who might be, feel free to contact me at firstname.lastname@example.org for more information. You can also find HERE a document that shows the curriculum for the Green Belt! Over the past week, I have gotten updates from my friends on the Real Estate side of our economy. I wanted to pass that information along here. First off, we still have an inventory issue in Residential Real Estate. There is very few homes for sale now. That is pushing prices upward and is starting to move homes out of the reach of the average resident. That will hold down further price increases, but there is not much coming soon to relieve pressure on the inventory. This, in turn, is pressuring rental rates upwards as owners capitalize on the tight markets.
On the Commercial Front, there is still reasonable availability for Office Space but the other markets are relatively tight. Again, there is not a lot of new construction going on so we will have to see how this impacts rates in the future.
Mortgage rates remain at all time lows and have the opportunity to go lower. There is money likely to come into the US throughout the rest of the year as a bastion against trouble worldwide. This is good news for continued low interest rates as well as for stock prices. The caution is that we are reaching territory that is probably not sustainable for the long term. So, it is time to do something about your portfolio and your mortgage. This time next year the situation may be radically different.
One other thing to note on the Construction Front. The Runway expansion at the Sonoma County Airport has been completed but no new flights have been added. I have heard that one reason is that there is a desire to expand and improve the terminal. The terminal is pretty limited in size right now and probably would not allow another airline to have their own space. So, I expect we might see something happen there over the next year or two.
Just a reminder if you are interested in visiting a great BNI group come visit us at Legends at the Bennett Valley Golf Course on Fridays just before 7AM. The “Best Networkers In Town” would be happy to have you visit. Great way to meet around 40 Business People here in Sonoma County. If you want any other information about this let me know. We provide Breakfast and you get to meet 40+ Business Owners. Ask yourself: If I do business with just one of those people, how much revenue can I make. You can find the group HERE!
Have a great day!
Jim Sackman Focal Point Business Coaching Change Your Business - Change Your Life!Business Coaching, Executive Training, Sales Training, Marketing