At recent open houses I’ve held, many of the buyers … or potential buyers … have mentioned that they would LIKE to take advantage of the current low home prices or low interest rates, but are concerned
with what they hear about the job market. The real estate market isn’t the only industry confronted with this pull-back in spending.
We all remember our Econ 101 class that taught us the Supply & Demand principles, and we know that one of the best ways we can turn our economy around is for people to buy things. But it’s hard to do that for items other than essentials if we think we may be faced with a major loss of income.
I totally understand that feeling as I’ve been there once upon a time when the corporation I worked for was going public from being privately held. That meant drastic measures to reduce expenses in order to increase profitability to thus, increase the opening stock price. Of course, in the real estate business, we are essentially unemployed in between closings … and we don’t make the government reported statistics.
Some employers are looking for ways to motivate their employees to increase productivity or output or sales volume. Employees are considering steps they might take to improve their current performance or to learn new skills that will improve their importance to their current employer or to a new employer.
First-time buyers are often young people, perhaps not too long out of college, and may feel uncertain about the happenings in the “cold, harsh world” outside their protective world of college halls and parent’s comforting. Although they may possess the theoretical skills, they lack the experience to “hit the ground running”.
Train & Keep People
There is a web site and attached blog that might be beneficial to those people who are debating about making a home move at this time. The web site, Train & Keep People, offers training and motivational presentations for employers to provide to their current staff. The Training Champ blog offers many good points for employees to improve their performance whether keeping their current job or in looking
for a new one. I have heard the author, Bill Hoopes, give presentations in the past and he is very good but entertaining as well. If you’re a manager looking to improve your business’ performance, give Bill a call.
Although this post is a little off-topic for a real estate blog, if I can help readers feel better about THEIR employment, then that will help ME stay employed.
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