BRAIN C. COESTER'S BLOG
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Week of September 13th 2018 – Coest2Coest Weekly Recap – Hurricane Coming in North Carolina – Appraisal Delays

September 13th, 2018

Hi All!

Here is your weekly recap of articles we’ve found interesting and happened around the milky way.

Quote of the Week:

Devotional image from Rick Warren

”Spend time with the wise, and you will become wise, but the friends of fools will suffer” (Proverbs 13:20 NCV)

We live in a world of words. With today’s social media and online culture, practically everyone has something to say. It’s easier than ever to have a voice and get your voice heard. All too often those words cause more harm than good. Have you ever heard the phrase that “If you want to soar with the eagles, you can’t run with the turkeys”? or “if you hang with the pigs you’re going to come out smelling like them.” If you are going to display wisdom in action in your life, you have to have wise people in your life, and you need to follow the right people online and make sure you hear the right voices every day. You do not need a lot of people in your life just a few good ones. Friends should encourage you and lift you up. They should be confident but truthful and also they should show wisdom and prosperity. Take accountability today for the people in your life and the voices around you.

Hurricane Florence Hitting North Carolina:

Florence-gif

Real Estate:

Inclement Weather: Hurricane Florence:Due to severe weather in the Southeastern United States, CoesterVMS is expecting turn times to be delayed and extended for the affected regions of GA, SC, NC, & VA. Your safety is critical to us; we encourage those in the affected area to prepare accordingly. More information regarding this storm can be found at the National Weather Service.

Hurricane Florence Live Updates: LIVE COVERAGE

Hurricane Florence Threatens Nearly 759,000 Homes: Hurricane Florence is brewing over the coast, set to make landfall on the mid-Atlantic states Friday morning. An early analysis by CoreLogic shows that 758,657 homes in North Carolina, South Carolina, and Virginia could be affected by the Category 4 storm. The report also sheds light on potential damage of the storm surge, estimating that reconstruction costs could total $170.2 billion. Read Full Article

How Labor Shortages Have Impacted Housing Costs: Labor shortages have been impacting single-family builders, according to the National Association of Homebuilders (NAHB). The NAHB found that across the 15 occupations covered by the survey, builders reported between a 47 percent decrease (for building maintenance managers) to 83 percent (for rough carpenters). According to the NAHB and data from the NAHB/Well Fargo Housing Market Index, these labor shortages have forced builders to pay higher wages/subcontractor bids (reported by 84 percent of builders), forcing them to raise home prices (83 percent) and making it difficult to complete projects on time (73 percent). Read Full Article

Originations Fall to 4 Year Low due to rising interest rates:

According to newly released data from ATTOM Data Solutions, mortgage originations plummeted to a four-year low during the second quarter, driven by a sharp decline in refinances due to increasing interest rates.ATTOM’s Q2 2018 U.S. Residential Property Loan Origination Report, released Thursday morning, shows that there were 1,527,433 residential mortgages originated in Q2 2018, which is down 16% from the first quarter and down 27% from the same period last year. Read Full Article

Fannie Mae Announces 1004MC Form No Longer Required:

Effective August 7th, 2018, Fannie Mae release an update the 1004MC is no longer required on appraisal products. Freddie Mac did not make a similar announcement but would be expected to follow suit. Read Full Article

Blog and Podcasts:

The John Maxwell Leadership Podcast: Episode 10: The Core Values of Winning Team: The Law of High Morale: When you’re winning, nothing hurts. When you’re losing everything hurts. This episode walks through the ten core fundamental values of a winning team. They review what to do when dealing with weak players and also reflect on their strategies for building and leading winning teams. Listen to Podcast!

College Football’s Most Valuable Teams: Texas A&M Jumps To No. 1:

Across the three years before last season, Texas A&M averaged annual revenues of $148 million, the most of any program in the nation. That not only tops the Longhorns; it leaves them in the dust. Over the same period, Texas football averaged $133 million in revenue, making the Longhorns a distant second. Read Full Article

CoesterVMS Live Program:

CVMSAppraisalLiveExample

From Around the Web:

7 Creative Ways to Boost Your Social Media Strategy: Marketers must rely on more than just hashtags and emojis to make the most of the channels like Instagram, Facebook, and Snapchat. The world’s most successful social media marketers rely on a variety of sophisticated strategies designed to articulate a particular worldview that boosts brand awareness, drives new business and delights followers. Read Full Article

Marketing Stunts that Have Worked: A big marketing stunt has the potential to either make or break your business. While a misstep could wreck your brand’s reputation, a success could catapult your business into a viral success. From brand awareness to driving sales, the right marketing stunt can help businesses of all sizes reach their goals. Read Full Article

How to Get More Work Done In The Same Amount of Time: With all that in mind, here are several things you can do to automate and outsource the routine tasks most entrepreneurs are faced with day in and day out. Read Full Article

Super Yacht! Just How Big is This 364 Foot Long Private Super Yacht? Lurssen, the German shipyard known for building some of the world’s largest private yachts added another to its already impressive fleet when the 364-foot-long TIS was launched earlier this month. Just how big is a 364-foot long superyacht you ask? The people on the bow provide some scale. It’s, um, BIG! See Photos

Updates on our CoesterVMS LIVE program:

Updates to our CoesterVMS LiveProgram- Brian Coester - Appraiser

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