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    Thursday Mindset

    Thursday mindset… the sunset in Jerusalem Israel is estimated around 7:10 PM local time, and is approximately 9:10 AM Pacific Time.

    As the sun set roughly two thousand and twenty-five years ago, the Last Supper, a Passover meal, would have been getting started, followed by the walk to the Garden of Gethsemane.

    For my Christian friends, the next four days are both historical and deeply relevant today. Acknowledging my Muslim and Jewish friends, while our views differ, I recognize the profound historical significance of Jerusalem and this time in history for all of us.

    So let it begin, until “it is finished.”

    It is finished.

    The Power of Less: Insights from Matt Plumer on Financial Freedom

    Lately, I’ve been really thinking about something that resonated with me, and I wanted to share it with you all. It comes from Matt Plumer, who focuses on helping people build financial systems that lead to greater freedom and less stress. His approach often challenges the conventional wisdom that more is always better.

    Matt talks about how we live in a world that constantly pushes us to want more. More information, more stuff, more followers – you name it. It feels like the goal is always to accumulate. But Matt suggests that maybe the key to actually growing and thriving isn’t about adding more, but about subtracting. Think about it: creating space and margin in our lives could be the real secret to unlocking what truly matters. That space to think clearly, the breathing room to move without constant stress, and ultimately, the ability to really pursue what we want.

    This has made me consider how often I think beyond the immediate choices I make. Every decision has a ripple effect, right? There’s the initial price we pay, but then there’s the longer-term cost of not making the right decision. That can impact us for years down the line in terms of time, money, and energy.

    It got me thinking about a couple of key questions for myself, inspired by Matt’s insights:

    • Who in my life has a bit more experience, someone who can help me see potential pitfalls I might miss?
    • And what do I actually need to remove from my life to create real growth in my contributions and giving?

    The core idea that’s stuck with me, and which is central to Matt Plumer’s philosophy, is that true financial freedom isn’t just about working harder or earning more. It’s about building a smart system that works for you. This whole concept of achieving more by focusing on less – by being more intentional about what we keep and what we let go of – feels really powerful. I wanted to share this perspective, inspired by Matt’s work, because I think it’s a valuable shift in mindset that could benefit us all in creating more intentional futures.

    Open loops?
    Open loops?

    Life Happens: Why Buyers Aren’t Waiting on Rates Forever.

    Hey everyone! As a long-time broker in this industry, I’ve seen my fair share of market shifts. But something interesting is happening right now that I wanted to share. It seems even with those persistent mortgage rates and home prices, we’re starting to see experienced buyers emerge from the sidelines and get back into the market.

    Did you know that after a period where many potential homeowners, including those looking to downsize, relocate for retirement, or make strategic investment moves, were holding back, we’re now seeing increased activity? According to a recent article in The Wall Street Journal, life events continue to be the driving force behind these decisions, regardless of the current economic climate.

    The article highlights how real estate professionals are reporting a noticeable uptick in property viewings and mortgage inquiries. While it’s still early days for the spring selling season, these initial indicators suggest a renewed interest from buyers who aren’t willing to put their life plans on hold indefinitely.

    What resonates with me is the pragmatic approach many of these buyers are taking. They’ve seen market fluctuations before and understand that trying to perfectly time the bottom is often futile. As one buyer, Aisha Jamil, who recently purchased a home in North Carolina with her husband Nathan Bhatti after navigating the market for several years, astutely observed:

    “I think the best time to buy is when you can afford it,”

    (Friedman, N., 2025, March 29, The Wall Street Journal, “Home Buyers Start to Come Off Sidelines Even as Rates, Prices Stay Stuck”). This sentiment echoes what I’ve followed for decades.

    Of course, the challenges of affordability remain significant, and overall transaction volumes are still below historical peaks. Economic uncertainties also continue to factor into buyer considerations.

    However, it’s encouraging to see buyers adapting to the current landscape. Some first-time purchasers are exploring opportunities in more affordable areas outside of city centers, demonstrating a willingness to adjust their expectations to achieve homeownership. Similarly, seasoned buyers are re-evaluating their needs and finding opportunities that align with their long-term goals, as exemplified by Sung Ji in Seattle, who bought after securing a stable job: “The question was, is there something we find that we think is worthwhile to take that leap of faith?” (Friedman, N., 2025, March 29, The Wall Street Journal, “Home Buyers Start to Come Off Sidelines Even as Rates, Prices Stay Stuck”).

    Even those who initially hoped for a more favorable market, like Pete and Taylor Thomason, who experienced a purchase fall-through and then rented, are recognizing the limitations of waiting for elusive rate drops. As Pete acknowledged, “Then it’s like, OK, we probably ought to not wait on that,” (Friedman, N., 2025, March 29, The Wall Street Journal, “Home Buyers Start to Come Off Sidelines Even as Rates, Prices Stay Stuck”).

    So, what’s the takeaway for us as industry professionals? It reinforces the idea that fundamental life changes will always drive housing demand. While market conditions certainly influence the pace and specifics, people’s need for shelter and their personal circumstances ultimately take precedence.

    Did you know that inventory levels are varying significantly across the country? Buyers in the Southeast and Southwest are generally finding more options and thus potentially more negotiating leverage compared to those in the Northeast and Midwest, where supply remains tighter (Friedman, N., 2025, March 29, The Wall Street Journal, “Home Buyers Start to Come Off Sidelines Even as Rates, Prices Stay Stuck”). This regional dynamic is crucial for us to keep in mind when advising our clients.

    Ultimately, as Jennifer Newcomer, a more recent buyer in the Philadelphia suburbs, wisely stated:

    “You can’t pause your life for what rates are going to do,”

    (Friedman, N., 2025, March 29, The Wall Street Journal, “Home Buyers Start to Come Off Sidelines Even as Rates, Prices Stay Stuck”). This sentiment is particularly relevant for those in established stages of life who have specific housing needs or long-term plans.

    It’s a nuanced market out there, but the renewed activity we’re seeing suggests a degree of resilience and adaptation among buyers. What are your observations from the field? I’d be interested to hear your perspectives.

    Source: Friedman, N. (2025, March 29). Home Buyers Start to Come Off Sidelines Even as Rates, Prices Stay Stuck. The Wall Street Journal.

    The Tale Of Four Real Estate Markets

    We all know that when it comes to real estate, it’s all about location, location, location.

    National headlines can paint a broad picture, but the truth is, housing trends are incredibly local and regional. Recent insights from The Wall Street Journal articles, “Are Home Values About To Fall? ” (March 3, 2025) and “Selling Your House This Spring? You Might Need to Cut the Price” (March 29, 2025), highlighted this national divergence, showing how inventory and seller leverage are shifting unevenly across the US.

    According to the Journal, national housing inventory is still below pre-pandemic levels as homeowners with those coveted low mortgage rates hesitate to sell. However, some states, particularly in the South like Texas and Florida, are seeing a surge in supply, partly due to new construction hitting the market at a time when buyer demand is somewhat tempered by higher mortgage rates. This oversupply in certain areas could lead to price adjustments.

    Conversely, the WSJ also pointed out that parts of the Northeast and Midwest are still grappling with a severe shortage of homes for sale, potentially keeping prices firm in those regions. This uneven recovery underscores the hyper-local nature of real estate.

    But let’s zoom in on our own Golden State. Did you know that even within California, the housing market isn’t one single entity? According to data from Altos Research, California as a whole is currently sitting on a Market Action Index (MAI) of 42. This suggests a slight seller’s advantage, meaning there are still more buyers than available homes, giving sellers a bit of an edge.

    However, dig a little deeper, and you’ll see a fascinatingly nuanced picture. For instance, here in Orange County, the Market Action Index jumps to a strong 50. This indicates a solid seller’s market, where demand significantly outweighs supply, likely leading to quicker sales and potentially higher prices – a trend that might buck the potential price softening the Journal mentioned in oversupplied national markets.

    Now, let’s head north to Alameda County. The Altos Research data reveals an even stronger seller’s market there, with a Market Action Index of 56! This suggests even fiercer competition among buyers and greater leverage for those putting their homes on the market, further emphasizing the regional variations within California that the national WSJ articles allude to on a state-by-state basis.

    So, what does this tell us?

    While national trends offer valuable context, as highlighted by the Wall Street Journal‘s analysis of differing state-level recoveries, understanding the hyper-local dynamics is crucial. The factors driving the slight seller’s advantage across California might be very different from what’s creating a strong seller’s market in Orange County or an even more robust one in Alameda County. Inventory levels, buyer demand (which the Journal noted is fragile nationally), local economic conditions, and even the lingering effects of those low pandemic mortgage rates all play a role in shaping these distinct regional markets.

    Just as the Wall Street Journal pointed out the contrasting inventory situations between states, we see a similar story unfolding within California itself, as evidenced by the differing Market Action Indices. What might be true for the state overall doesn’t necessarily reflect the realities on the ground in your specific city or even your neighborhood.

    So, the next time you hear about national real estate trends, remember that the picture is far more intricate.

    Here in California, and across the country, the housing market is a mosaic of local stories, each with its own unique dynamics. Keeping an eye on these regional and even hyper-local indicators, like the Market Action Index from Altos Research, in conjunction with the broader national trends discussed in The Wall Street Journal, is key to truly understanding what’s happening in your own backyard.

    What's Possible?
    What’s Possible?

    Don’t Quit Inches From Victory: A Lesson in Perseverance

    Let’s get real for a second.

    You know that feeling, right? You’re in the thick of it – whatever “it” is for you right now. Maybe it’s a tough project at work, a challenging personal goal, a difficult family situation, or even just a really rough patch in your training. It feels endless. Brutal. You’re tired, maybe even in pain, and that little voice in your head starts screaming, “This will never end. I can’t do this. I need to quit.”

    Sound familiar? We’ve all been there. Staring down something that feels absolutely insurmountable.

    But here’s the truth, and this is a sentiment powerfully echoed by Spartan founder Joe De Sena:

    Nothing stays hard forever.

    Think about it. That stress at work? It will eventually ease. That difficult conversation you’re dreading? It will happen, and then it will be over. That feeling of being completely overwhelmed? It doesn’t last. Life has its ebbs and flows, and those tough times, those storms, always pass.

    You know that image, right? The one of the person digging through a tunnel, just inches away from breaking through to the light, and they give up? Joe De Sena often talks about this – that’s where so many of us falter. Right there, on the verge of a breakthrough.

    Trust me, I’ve been that person in different ways throughout my life. We all have those moments where we feel like we’ve hit our limit. And speaking from personal experience, having crossed the finish line of eight Spartan races myself – including the grueling Beast – I can tell you firsthand that those moments of wanting to quit are real, and they are intense.

    I remember during one particularly brutal stretch of the Beast, slogging through mud, muscles screaming, the next obstacle feeling miles away, that voice was practically a roar. But what got me through, what gets any of us through those seemingly impossible challenges, is the understanding that those moments don’t last.

    I remember when I first started pushing my physical boundaries. Every new distance felt impossible. But what I learned was the power of just focusing on the next small step. Instead of dwelling on the miles ahead, I’d tell myself, “Just make it to that next lamppost. That’s the goal.” And then the next. And the next. This idea of breaking down the impossible into manageable chunks is something Joe De Sena champions – focusing on the immediate effort rather than being overwhelmed by the enormity of the task.

    And what I discovered was that those “finish lines” I kept creating for myself? They were arbitrary. My actual capacity was always greater than what I initially believed. As Joe often says, we are capable of so much more than we think. Those eight Spartan races, each one a testament to pushing beyond perceived limits, have solidified that truth for me.

    Here’s something I’ve come to understand, a principle that resonates deeply with Joe De Sena’s philosophy:

    Wherever you mentally draw the line is often where you’ll stop.

    And this brings me to something I’ve been thinking about lately, something a lot of us grapple with: what happens after you conquer a big challenge? You pour everything into reaching a major goal – maybe it’s finishing a marathon, launching a business, or overcoming a significant personal hurdle. You cross that finish line, and there’s this incredible sense of accomplishment. But then… what?

    Sometimes, that feeling of triumph can be followed by a bit of a letdown. The intense focus and drive that propelled you forward can suddenly feel… absent. It’s like you’ve emptied the tank, and the idea of filling it up again for something new feels daunting. You might find yourself struggling to regain momentum, wondering how to transition that energy into the next big thing.

    This is a question I see echoed in the spirit of Joe De Sena’s “You Ask, Joe Answers” – how do you keep pushing, keep striving, after achieving something significant? The key, I’ve learned, and this aligns with Joe’s direct and action-oriented advice, isn’t to wait for some grand wave of motivation to wash over you. That feeling might not come right away. Instead, it’s about taking that initial, sometimes uncomfortable, step. Think of it like this: you’ve just completed a long, hard climb. You might be tired, but the view from the top is amazing. To see the next vista, you don’t need to immediately sprint up another mountain.

    You just need to start walking in that direction.

    Pick one small action, something manageable, that nudges you towards your next goal. It doesn’t have to be monumental. It could be a phone call, some research, a single workout.

    The act of starting, even in a small way, creates its own momentum.

    It reminds your mind and body that you’re still in motion, still capable. As Joe De Sena often says, “Just start.” Don’t overthink it, just initiate.

    So, if there’s one thing I want you to take away from this today, inspired by the relentless spirit of Joe De Sena and my own experiences on the Spartan racecourse:

    • Tell yourself the story you need to hear to keep going. The struggle will end. Sometimes, you need to give yourself a little mental nudge, a little lie even, to push through that immediate discomfort. Focus on the eventual relief, the feeling of accomplishment.
    • Embrace the tough parts. Yes, they suck while you’re in them. They’re the parts we naturally want to avoid. But here’s the secret, a core tenet of the Spartan mindset: those hard times? They’re where the real growth happens. They forge resilience and reveal strength you didn’t know you had. Trust me, I’ve seen it firsthand, both in myself and in countless others on those grueling courses.
    • Believe in your deeper strength. We are all far more capable than we often give ourselves credit for. You have reserves of strength, both mental and physical, that you can tap into when things get tough. And when you reach a big goal, don’t let that be the end of the story. Use that accomplishment as fuel to ignite the next chapter, one intentional step at a time – a philosophy championed by Joe De Sena himself, and one I’ve lived through, mud, sweat, and burpees included.

    So, what’s that one hard thing you’re facing right now? What’s that next small step you can take, even if you don’t feel fully “ready”? Remember, you’ve got this.

    Here’s to embracing the challenges, because that’s where we truly discover what we’re made of, and here’s to finding that next path forward, one intentional step at a time – a lesson I’ve learned time and again, not just from Joe De Sena, but from the grit and camaraderie of the Spartan race community.

    Sometimes you win, sometimes you learn.
    Sometimes you win, sometimes you learn.

    My Reflections on James Clear’s Insights: Worry, Failure, and the Walking Heart

    Hey everyone! I recently dove into one of the newsletters from James Clear, the author of the bestselling book “Atomic Habits” and creator of the popular 3-2-1 email. For those unfamiliar, Clear is known for his practical and insightful writing on habits, productivity, and personal growth. His 3-2-1 format delivers three ideas from him, two quotes from others, and one thought-provoking question each week.

    After reading and reflecting on his latest installment (you can find the original here: https://jamesclear.com/3-2-1/march-27-2025), a few key takeaways really stuck with me:

    3 Ideas That Resonated Deeply

    Clear’s own ideas this time were particularly impactful:

    1. Reclaiming Our Mental Energy: He wisely pointed out, “Take all the energy you spend on… worrying about the past, worrying about the future, worrying about what others think, worrying about if you might fail… and channel that energy into one useful action within your control.” It’s such a simple yet powerful concept. How often do we get bogged down in anxieties that lead nowhere? This is a great reminder to redirect that precious mental fuel towards something constructive.

    2. The Hidden Lessons in Failure: Clear also highlighted that “Stories of failure resonate more than stories of success. Few people reach the top, but everyone has failed—including those who eventually succeed. If you’re teaching people how to succeed in a given field (or talking about your own success), start with how you failed.” This resonated because it normalizes setbacks and emphasizes the learning that comes from them. We often learn more from our mistakes than our victories.

    3. The Power of What We Avoid: This idea offered a fresh perspective: “Success is largely the failures you avoid. Health is the injuries you don’t sustain. Wealth is the purchases you don’t make. Happiness is the objects you don’t desire. Peace of mind is the arguments you don’t engage. Avoid the bad to protect the good.” It’s a subtle but profound shift in thinking – sometimes progress isn’t about what we actively pursue, but what we consciously choose to steer clear of.

    2 Quotes That Gave Me Food for Thought

    The quotes Clear shared from others were equally insightful:

    1. Finding Value in Stillness: Banker and archaeologist John Lubbock wisely said, “Rest is not idleness, and to lie sometimes on the grass under trees on a summer’s day, listening to the murmur of the water, or watching the clouds float across the sky, is by no means a waste of time” (Source: The Use of Life). In our busy lives, this is a crucial reminder that downtime isn’t a luxury, but a necessity for our well-being and creativity.

    2. The Unconditional Love of Parenthood: English teacher Elizabeth Stone beautifully captured the transformative nature of having children: “It is to decide forever to have your heart go walking around outside your body” (Source: A Boy I Once Knew). As a parent, this quote struck a deep chord, perfectly articulating the unique vulnerability and boundless love that comes with raising a child.

    1 Question That Prompted Self-Reflection

    Finally, Clear posed a thought-provoking question: “Who do you secretly envy—and what does that reveal about what you truly value?” This is the kind of question that makes you pause and really examine your inner desires and priorities. Our envy can often be a compass pointing towards what we genuinely care about.

    Overall, this latest 3-2-1 from James Clear offered valuable insights on managing our mental energy, embracing failure, understanding success through avoidance, the importance of rest, the profound impact of parenthood, and the lessons hidden within our envy. It’s definitely a newsletter worth checking out if you’re interested in personal growth and thoughtful reflection!

    What resonated most with you?

    Sometimes you win, sometimes you learn.
    Sometimes you win, sometimes you learn.

    Influence: The Unseen Key Behind Powerful Persuasion  

    Ever lost a top-producing agent or had a promising MLO slip through your fingers? Or struggled to convince a talented professional to join your brokerage or team? Yeah, me too. It’s easy to think compensation plans and fancy tech are the only answers, but the truth is, the principles of influence are the unseen forces that can make all the difference in attracting and keeping the best talent.

    Forty years ago, psychologist Robert Cialdini cracked the code on this phenomenon in his groundbreaking book, “Influence: The Psychology of Persuasion.” And guess what? In today’s competitive real estate and mortgage landscape, understanding and applying these principles is absolutely critical for broker owners and recruiters.

    My “Aha!” Moment (and Cialdini’s) – Tailored for Leaders

    Cialdini’s journey into the world of influence started with a seemingly simple encounter. For us in leadership, think of it like this: remember that star agent you almost lost to a competitor? Or that rockstar MLO you couldn’t quite close? It wasn’t just about the commission split they were offered; it was likely about the way the opportunity was presented and the underlying psychological factors at play.

    That got Cialdini thinking: “Isn’t that interesting? Isn’t that worth studying?” And for us, the question becomes: “How can we leverage these insights to build a magnetic brokerage and attract and retain top-tier professionals?”

    The Six (and Now Seven) Pillars of Persuasion – Your Recruitment & Retention Toolkit

    Cialdini’s research revealed six key principles that underlie effective persuasion. Here’s how broker owners and recruiters can strategically apply them:

    • Scarcity: Don’t just talk about your brokerage; highlight unique opportunities that agents/MLOs might miss elsewhere. Limited-time incentives for joining, exclusive training programs, or a cap on the number of agents in a specialized niche can create that crucial sense of urgency and FOMO (Fear Of Missing Out). For retention, subtly remind them of the unique benefits they enjoy that competitors might not offer.
    • Authority: Position yourself and your leadership team as industry experts and thought leaders. Share your successes, provide valuable market insights, and showcase your mentorship capabilities. This builds trust and makes your brokerage a desirable place to learn and grow. For retention, consistently demonstrate your expertise and provide ongoing support that reinforces your authority as a leader.
    • Social Proof: Showcase the success stories of your current agents and MLOs. Testimonials, awards, high sales volumes, and positive team culture all serve as powerful social proof. Highlight how others like them are thriving in your environment. For retention, publicly celebrate their achievements and foster a strong sense of community where agents/MLOs feel they are part of a successful collective.
    • Liking: Build genuine relationships with potential recruits and nurture those connections with your existing team. Be approachable, listen actively, and show genuine interest in their goals and aspirations. A positive and supportive brokerage culture is a huge draw. For retention, prioritize open communication, create opportunities for social interaction, and foster a sense of belonging.
    • Reciprocation: Go the extra mile to provide value before asking for commitment. Offer valuable resources, training sessions, or networking opportunities to potential recruits. For your current team, consistently offer support, mentorship, and resources that help them succeed. This creates a sense of obligation and loyalty.
    • Commitment and Consistency: Encourage small initial commitments from potential recruits, like attending an informational session or having a casual coffee chat. Once they’ve made a small step, they’re more likely to make a larger commitment to join. For retention, publicly acknowledge their contributions and encourage them to take on leadership roles or participate in brokerage initiatives. This reinforces their commitment.

    And that crucial seventh principle:

    • Unity: Emphasize the shared values, vision, and culture of your brokerage or team. Highlight what makes you unique and create a sense of “us.” When recruiting, focus on finding individuals who align with your core principles. For retention, cultivate a strong sense of community and belonging, where agents/MLOs feel connected to something bigger than just their individual transactions.

    Why This Matters More Than Ever – The Competitive Edge

    In today’s fiercely competitive real estate and mortgage markets, simply offering a slightly better commission split isn’t enough. Understanding and strategically applying these principles of influence can give you a significant edge in attracting and retaining top talent. It’s about creating an environment where agents and MLOs want to be, not just where they feel they have to be.

    My Takeaway: Lead with Connection and Shared Purpose

    For us as leaders, the biggest takeaway from Cialdini’s work, specifically applied to our world, is the power of connection and shared purpose. It’s not just about convincing someone to join or stay; it’s about building a community where they feel valued, supported, and aligned with a common goal.

    So, the next time you’re looking to recruit a top producer or retain a valuable team member, think beyond the basic incentives. How can you leverage scarcity, authority, social proof, liking, reciprocation, commitment, and – most importantly – unity to create a truly magnetic and sticky environment?

    What are your thoughts on applying these principles to agent/MLO recruitment and retention? What strategies have you found most effective?

    A System Will Produce What A System Will Produce, Nothing Less and Nothing More!

    Cooling Pockets Emerge: Five States See Dip in Home Prices, Reports HousingWIRE

    While the national housing market largely continues its trend of rising pending sale prices for single-family homes, a recent analysis highlighted by HousingWire, based on data from Altos Research, reveals a notable shift in five states. According to their analysis of a 90-day average of pending sales prices, these states are experiencing a cooling trend with price declines:

    • Washington: -0.9%
    • Wyoming: -0.2%
    • Texas: -0.1%
    • South Carolina: -0.3%
    • Georgia: -0.8%

    This localized decrease in pending home sale prices could indicate evolving market dynamics within these specific regions. Potential contributing factors may include a rise in housing inventory offering buyers more choices, adjustments due to regional economic shifts impacting demand, or even a natural market correction following a period of significant price appreciation.

    For prospective homebuyers in Oregon, Colorado, Oklahoma, Louisiana, and South Carolina, this development might signal a welcome change, potentially leading to less competitive bidding situations and greater negotiating power. However, for sellers in these areas, it underscores the need for strategic pricing and a realistic understanding of the current market to ensure timely sales.

    It’s crucial to note that while these five states show a downward trend in pending sale prices, the data from Altos Research, as reported by HousingWire, indicates that the majority of the United States still experiences positive price momentum. This highlights the importance of looking beyond national headlines and focusing on local market conditions when making informed real estate decisions. Monitoring these regional shifts will be key to understanding the nuanced and evolving landscape of the U.S. housing market.

    In contrast to these modest declines, this 90-day average shows California experiencing a healthy increase of approximately 5.4% in pending home sale prices, and New York seeing a double digit rise of around 12.8%. Florida, on the other hand, appears to be relatively flat, showing a minimal increase of approximately 0.2% across the state.

    Success often hinges on the ability to quickly adjust to change.
    Success often hinges on the ability to quickly adjust to change.

    Unlock Your Real Estate Business Potential (and Beyond!) with the New Annual Integrated Economic Survey (AIES)

    Hey everyone! For those of us in the dynamic world of real estate and its vital partners – mortgage, title, and homeowners insurance – staying ahead requires understanding the economic currents that shape our markets. And for businesses across all sectors, having a clear picture of the economic landscape is key to growth. That’s why I’m excited to share some important news about a significant development from the U.S. Census Bureau: the launch of the Annual Integrated Economic Survey (AIES).

    Here in SoCal, we know how crucial market intelligence is, but the truth is, this new survey has the potential to be a game-changer for businesses nationwide. The AIES is a smart move by the Census Bureau, consolidating seven major annual economic programs into one comprehensive survey.

    What’s the Big Deal? Streamlined Data Collection, Richer Insights

    Starting this month, the AIES will integrate the data previously collected by these key surveys:

    • Annual Capital Expenditures Survey (ACES)
    • Annual Retail Trade Survey (ARTS)
    • Annual Survey of Manufactures (ASM)
    • Annual Wholesale Trade Survey (AWTS)
    • Manufacturers’ Unfilled Orders Survey (M3UFO)
    • Report of Organization (COS)
    • Service Annual Survey(SAS)

    The goal is two-fold: make it easier for businesses to report their data (leading to better quality and more timely information) and provide a more holistic view of the U.S. economy.

    Why This Matters for Your Business Development – Especially in Real Estate and Affiliated Services

    This consolidation isn’t just about efficiency for the government; it’s about unlocking valuable data that you can use to fuel your business growth, particularly if you’re in the real estate sector or a related field. Here’s how:

    1. Identify Emerging Market Trends and Opportunities in Your Area (and Beyond):

    • Broader Economic Context: While not solely focused on real estate, the AIES will provide comprehensive data on finance, insurance, and overall economic activity at national, regional, and state levels. Practical Use for Real Estate: By analyzing trends in the finance and insurance sectors in your operating area, you can gain insights into lending health, insurance demand, and overall economic confidence – key drivers for housing market activity. Strong overall business revenue growth in your region, as indicated by AIES data, can also signal a healthy environment for real estate transactions.

    2. Understand the Financial Landscape Impacting Your Clients:

    • Insights into Key Sectors: Data on the performance of the finance and insurance industries is directly relevant to mortgage lenders and insurance providers. Practical Use: Mortgage brokers can track finance sector revenue trends as a potential indicator of lending volume. Insurance agents can analyze the insurance sector data for market size and growth opportunities in their state.

    3. Benchmark Your Performance and Identify Growth Areas:

    • Industry-Level Data: While individual company data remains confidential, the AIES will provide industry-level benchmarks for revenue, expenses, and more within your state and region. Practical Use for Affiliated Services: Your mortgage, title, or insurance businesses can compare general trends in their respective sectors to understand broader market performance and identify potential areas for improvement or expansion within your local competitive landscape.

    4. Inform Strategic Decisions on Market Focus and Expansion:

    • Regional Economic Strengths: AIES data will highlight which industries are thriving in specific geographic areas across the US. Practical Use for Real Estate: If you’re considering expanding your brokerage into a new county or metropolitan area, understanding the economic drivers in that region (as indicated by AIES data) can help you assess the potential for housing market growth and make more informed decisions.

    5. Support Business Planning and Forecasting for Your Local Market:

    • Long-Term Trend Analysis: Tracking AIES data over time for your state and region will allow you to identify longer-term economic trends that may impact the real estate market and related services. Practical Use: Brokerages can use this to anticipate shifts in buyer demographics, potential changes in market demand, and adjust their strategic plans accordingly.

    Data Release: Summer 2025

    The first data from the newly integrated AIES will begin to be released in the summer of 2025. This will be a crucial time to start exploring this wealth of information.

    The Bottom Line for Real Estate and Businesses Nationwide:

    The AIES represents a significant step forward in providing comprehensive and timely economic data. For those in the real estate industry and its affiliated services, as well as businesses across all sectors, this data offers a powerful lens through which to analyze market dynamics, identify opportunities, and make strategic decisions for growth. Keep an eye out for the AIES data releases – it has the potential to be a valuable tool in your business development toolkit, no matter where in the United States you operate.

    A System Will Produce What A System Will Produce, Nothing Less and Nothing More!

    They’re Giving Their Broker Another Shot? Here’s My Game Plan.

    Hey Retainers, Recruiters, and Attracters!

    “I’m giving my current brokerage another chance.” Sound familiar? It’s a classic, and honestly, totally understandable. Agents have loyalty, or maybe they’re just hoping for a turnaround. But does that mean the conversation ends? Absolutely not!

    My morning TAG Zoom session just dropped some serious wisdom on how to navigate this, and I’m buzzing to share. We’re talking P.A.I.D. – your new secret weapon for turning a “not now” into a “maybe later” (and eventually, a “yes!”).

    P.A.I.D. in Action:

    • P – Pause: Breathe. Don’t interrupt. Let them speak. Respect goes a long way.
    • A – Acknowledge: “Got it. Loyalty’s key.” “That’s fair, wanting to see improvement.” “I respect that.” Validate their stance.
    • I – Isolate: Gently probe: “What specifically are you hoping changes?” “What would a successful second chance look like?” “What support are you really looking for?” Understand their underlying needs.
    • D – Discover: Subtly connect their needs to your firm’s strengths: “Interesting… many who join us were seeking [your relevant benefit].” “Mind if I briefly share how our [specific resource] helps agents achieve [desired outcome]?” Be helpful, not pushy.

    Turning “Not Now” into Future Opportunities:

    So they’re staying put… for now. Here’s how I keep the pipeline flowing:

    1. Smart & Consistent Outreach: Target the right agents, use LinkedIn/email/events, and always offer value beyond just recruitment. Think insights, not just invites.
    2. Long-Game Relationships: Connect on LinkedIn, offer your newsletter, and suggest a low-pressure check-in down the road. Be a resource, even if they don’t switch today.
    3. Subtle Value Drops: When the moment’s right, highlight the benefits of your firm (more income, better support), not just the features. Let your agents’ success stories do the talking.
    4. CRM is Your Brain: Track conversations, note their timelines, and schedule those follow-ups. Stay organized!

    My Takeaway: “Second chance” isn’t a rejection – it’s a pause. By using P.A.I.D. and focusing on genuine connection and value, we can build a pipeline of agents who will remember us when the time is right.

    What are your go-to moves for this objection? Let’s swap strategies.

    Winning Is A Habit
    Winning Is A Habit