Affordabilty Index At 4-Year High

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Well, at last one good news.

As you might know, the real estate news is divided between all negative and those who look for the positive in it. Over at Seeking Alpha,  Mark J. Perry posted about the affordability has climbed to a 4 year high. According to the National Association of Realtors’ Housing Affordability Index [HAI] from 2005 to Feburary 2008 (annual averages for 2005 and 2006, monthly in 2007 and 2008), based on the national median-priced home, median family income, and the 30-year fixed mortgage rate, the affordability ration climbed up.

I know a few will snicker at the thought of using NAR numbers but it’s one step in the right direction and as long as we don’t listen to NAR overused, overheard, under-performing predictions, why not?

How’s That Working For You?

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Boy, what a powerful coaching question. “How is that working for you?”

A client comes in and complains about being depressed. The coach asks: “How is that working for you?” Zing! If that doesn’t get you to ask more crucial questions, such as: “Yeah, what is this doing concretely for me?” Or: “Does it help me?”

I have asked some clients the same thing when they feel stuck or are in a situation where they have a hard time seeing their solution. I ask them simply how does feeling stuck, sad, tired, whatever negative feeling work for them? The answer is not. It doesn’t work for them. Next, you let your client get to the next logical step: “What can I do?” which opens another myriad of questions on how to change the situation into a more positive one in order to grow and go forward.

Boy, I love coaching. It’s all about you.