Over here where I work we get bonuses based on loan volume and that compensation system resets every year. So today I begin again on the ground like this kid who is dressed much too nicely to cover himself in rocket fuel. It’s been that way pretty much forever, but I still get anxious every January about how this next year will turn out. That angst this new year is compounded by the recent upturn in interest rates. And as a result of higher rates, I see a 22% downturn in my business for 2017 compared to 2016. On the plus side, that’s 22% more time that I have to carefully establish helpful relationships with clients, rather than just cram all of their paperwork through an over-regulated system. I am excited about this opportunity to detox and reconnect. I am excited about becoming a better Jeremy.
Ever gathering and calculating data, CoreLogic reports this morning that their Home Price Index appreciated by 1.1% last month and 7.1% from this time last year, nationwide. We have heated up since last month’s 6.7% year-over-year gain, but CoreLogic is expecting a cooling off and only a 4.7% price increase by this time next year.
