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Numbers, Nonsense, and Knowledge!

Written by Posted On Monday, 15 July 2024 00:00
Numbers, Nonsense, and Knowledge! http://www.bls.gov/

We finally start to see that the numbers we get from the BLS report (Bureau of Labor Statistics) might be better called “Basic Lying Statistics”, as once again they have had to go back in time and adjust numbers DOWN by HUNDREDS OF THOUSANDS of JOBS…AGAIN! This nonsense must stop because it has become alarming to see that government reporting of data is so flawed that we are better served by eliminating that entire entity and just saving the money. 

It is important to note that the BLS keeps presenting numbers touting the creation of hundreds of thousands of jobs, but a deeper dive shows that we are losing full time jobs at an alarming rate and those job loses are being offset by a significant rise in parttime offerings. Since so many jobs are being offered in multiple markets across multiple platforms, it can often confuse the situation and even present a distorted picture. We also must talk about the algorithms, seasonal adjustments, and how the household surveys are being done because most people would be shocked if they knew. Even worse, the unemployment rate has ticked UP to 4.1% according to reports, which flies in the face of what the “experts” would have you believe.

You must maintain your knowledge by knowing where to look and when to gather your own information so YOU can make an informed choice as to the conversations you are having with your people. Today we have initial and continuing jobless claims and the CPI numbers; Friday we will have the PPI report. All of these could be market moving!

Last on the topics of today is that we are just a little more than five weeks away to historic changes in how real estate will function between buyers, sellers, real estate agents, and commissions! To my knowledge, I have not seen any official documents or language on how commissions will be handled or even basic information of those buyer agreements or how existing listing agreements will be modified to comply with the new rules. If anyone should come across anything official from any state or MLS, please share! You can always reach out to me by emailing me: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Michael White

After 18 years working in all phases of mortgage originations, Mike left day to day originations to start his consulting and coaching company. Now, more than 18+ years later, Mike is working with clients across the country in all markets, big and small, that have generated more than three billion dollars in loan originations within a year.

Mike teaches a system that is focused on time management, action planning, marketing a message, and creating value for both clients and referral sources alike. Quite simply, providing more value leads to more opportunities, more income, less time, and a systematic approach that begs to be duplicated.

 

By breaking down individual aspects of the mortgage business and providing a step by step approach to creating a consistent flow of opportunities that can lead to a highly successful mortgage practice. That is why people who incorporate these strategies out produce the national averages by almost 3 to 1!

Fundamentals and simple strategies provide day to day activities that help provide a “scheduled success” philosophy. It’s all about identifying, targeting, and establishing profitable referral relationships using exceptional value to keep you in the center of your own referral triangle. 

 

https://www.imtcoaching.com/

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