Monthly Archives: December 2010

On the Home Front…Entering 2011

According to Karl Case, co author of the Case Shiller Index:

1.)Double Dip is already here
2.)Pending home sales are good but a very minuscule percentage
3.)50 year low levels on housing starts – no sign of relief
4.)Decline in household formation: Immigration vs. Emigration
5.)Stabilization is essential for people to become demanding in housing market
6.)Banks will continue to be very cautious with loans.

Economic Indicators, Week of December 27-30, 2010

Weekly Economic Indicators, Released by NAR.

Cold Hard Facts on Employment Trends by State

Coldwell Banker in Times Square for the Holidays!

This holiday season Coldwell Banker has a holiday themed billboard running in the heart of New York City, Times Square. See how Coldwell Banker has taken holiday-esque towns and agent names to create a festive digital billboard right on the corner of 44th & Broadway that will run through January 1, 2011.

Bravo TV’s Million Dollar Agent, Madison Hildebrand

I’m Madison Hildebrand and this is my Coldwell Banker® success story.
Out of college, I worked in the hospitality industry with the future goal of transitioning into a career in advertising. I then saw an opportunity in the high-end real estate market and decided to commit myself to the profession. At 24, living in Malibu, CA it was a bold move to try and sell luxury real estate, but it turned out to be an excellent career move.

Real Estate As A Profession
My journey to selling multi-million dollar homes didn’t just happen overnight; it started with a commitment and a plan. I studied for my real estate license and mentored with one of the top-producing agents in the nation. It was my continuous passion for people and love for the art of negotiation that helped me land my first deal – a $2.8 million dollar home sale to a celebrity. I made more with my first commission check than I did the entire year working in hospitality! When I started my path in real estate, I didn’t know what to expect, but with over $100 million in sales to date, I made the right choice. My success would not have been possible in such a short period of time had I not had the support from my Coldwell Banker office.

My Coldwell Banker Experience
I interviewed with five competitor offices, but knew all along that I wanted to be a part of the Coldwell Banker brand. I needed an intensive training workshop – Coldwell Banker offered the most comprehensive. I needed a company with results, Coldwell Banker had the dominant market share in my region. I needed technology – Coldwell Banker had tools and resources other companies simply could not afford or provide. I needed a strong network and support – Coldwell Banker was like a family. I needed strategic advertising placement at a low cost – Coldwell Banker had those partnerships. Lastly, I needed protection – Coldwell Banker legal is the best. Coldwell Banker has provided me with the opportunities to do great things, which include:

•Closing on a $20+ million dollar home
•Being named to REALTOR® magazine’s 2008 “30 Under 30”
•Becoming a personality on the hit Bravo TV’s “Million Dollar Listing” for four consecutive seasons
•Authoring “Activate YOUR Passion, Create YOUR Career”
•Becoming President of AgentControl.com
•Speaking for National Association of REALTORS and California Association of REALTORS
•Mentoring new agents
Helping People Make a Change
My steadfast values as a person and as a real estate agent have made me the success I am today. I came into this business looking for ways to help people make a change and everyday that is what I do – I love what I do! I recommend real estate to anyone who:

•Commits to real estate as a long-term career
•Has an unwavering ability to make ethical decisions
•Is passionate about people
•Is committed to action and prepared for the unexpected
•Is confident and charismatic
That’s my formula for success. Join a Coldwell Banker office today and discover your own.

Private Sector Adds 93,000 Jobs as Market Improves: ADP – CNBC

Private Sector Adds 93,000 Jobs as Market Improves: ADP – CNBC.

 The economy created 93,000 private sector jobs in November, pointing to the first signs of a turnaround in the labor market, according to the latest report from ADP and Macroeconomic Advisors.

Downsizing
iStockphoto

 Job creation came primarily from the service sector, which rose by 79,000, gaining for the 10th month in a row. Goods producers added 14,000, while manufacturing lost 16,000.

The ADP report reflected

 the biggest rise since November 2007, after an upwardly revised gain of 82,000 the month before. The October figure was originally reported as a gain of 43,000.

 The median of estimates from 36 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers, was for a rise of 69,000 private-sector jobs in November.

 The ADP figures come ahead of the government’s much more comprehensive labor market report on Friday, which includes both public and private sector employment.

That report is expected to show a rise in overall nonfarm payrolls of 140,000 last month, based on a Reuters poll of analysts, with a gain in private payrolls of 153,000.

A separate report showed that planned job cuts for November were 28 percent higher than those reported for October, bringing the pace of downsizing to its highest level in eight months, a report by global outplacement consultancy Challenger, Gray & Christmas showed Wednesday.

Employers announced plans to reduce payrolls by 48,711 jobs in November, compared with 37,986 planned layoffs reported in October, according to the report.

The non-profit sector led the surge, with 10,761 layoffs during November.

“Government and non-profit job cuts are down 16 percent from a year ago, but that is probably little consolation to employees in the sector, which is still struggling despite signs of recovery in other areas of the economy,” John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.

“The November increase in job cuts is not indicative of a broader trend,” he added. “Historically, job cuts tend to increase in the final months of the year. This is the period when many companies make budget and payroll decisions for the coming year.”

This year, job cuts are well below 2009’s levels, the report showed. November’s planned job cuts were 3.3 percent lower than those announced in the same month last year and overall employers announced 497,969 job cuts from January through November, 60 percent lower than in the same year-ago period.

 

Hiring announcements totaled 26,012 in November, led by retailers, who planned to add 15,900 seasonal workers.

—Reuters contributed to this report.