At a recent company meeting, I was asked by our firm’s real estate professionals to offer insight into how I manage my time. While the time-management strategy below has served me well in the real estate sector as I have grown Pacific Union over the past eight years, I believe that it can be leveraged to achieve success and get results in any industry.
Treat time as a precious resource. Time is a resource you cannot reproduce. Compare your time to your financial resources. You are likely frugal with your cash, consciously allocating it to appropriate priorities. Allocate your time in the same manner — be proactive, not reactive. Set a reasonable time limit on meetings. Next time you say to yourself “I do not have time for activity X,” reframe it in your mind as “that activity is not important to me as other activities.” The importance to you should allocate the time you devote.
Create quiet or private time. It is important in your business and personal life to set aside time for critical thinking, physical exercise, or time with loved ones. During these quiet or private times, let phone calls go to voicemail and try to disengage from e-mail and text messages. Your productivity will soar and so will your relationships — maybe even your health and fitness, too. Think about the quiet time as time on an airplane; whether it’s a two-hour flight or a five-hour flight, you can’t be reached by phone.
Separate the urgent from the important. Often we receive text messages, voicemails, or e-mails marked “urgent.” Take a moment to consider if this same activity is urgent to you. It could be that someone else’s emergency is not urgent to you. Focus your time on the items that are both important and urgent to you — don’t let someone else put the monkey on your back.
Create an action list. At the end of every day, I create an action list that consists of high-impact activities — some short term and others long term. This list focuses me, shows me how I can best allocate my time, and helps me identify urgent and important items. We all know that our day can change with one phone call or text message; we simply need to make sure that we calibrate our reallocation of time with an action list of our own priorities for context.
— Mark A. McLaughlin, Chief Executive Officer, Pacific Union International
In her latest Economic Straight Talk column, Pacific Union Chief Economist and Vice President of Business Intelligence Selma Hepp offers her take on the U.K.’s unexpected decision to leave the European Union and how it might impact the U.S. housing market. It’s online at http://pacunion.us/28UwkDa
I was recently quoted in this Marin IJ article. I hope you find it as interesting as I did.
Marin’s luxury real estate market is holding steady with sales essentially unchanged from last year, held back by a dearth of homes on the market, experts said.
Forty-eight homes valued at more than $4 million sold between Jan. 1 and Aug. 31, 2015, while 49 such homes sold during the same period in 2014, according to Bay Area Real Estate Information Services, a North Bay multiple listing service.
Full Article: http://www.marinij.com/business/20150905/marin-luxury-real-estate-market-holding-its-own
photo Mike Jacobsen
WASHINGTON (AP) – Real estate has gotten hot again.
Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market. Prices are skyrocketing, aided by a stronger job market and tantalizingly low mortgage rates that are creating pressure for buyers to act fast.
The resurgence is a sign that the U.S. economy – after muddling through a sluggish, six-year recovery – has re-discovered another source of growth. Buyers are more confident about their own prospects. But many also appear ready to close sales quickly because of concerns of being potentially priced out of the market by rising mortgage rates and home values.
By JOSH BOAK
AP Economics Writer
The California Association of Realtors reports that the Bay Area was the only region in California where homes sold at a premium in May, with final sales prices an average of 7.3 percent above asking prices. For details, click here for the full article
Here is a blog that I really enjoyed reading, and I hope you do too. – Marilyn
As airlines shrink personal space in coach cabins, they are also finding other ways to aggravate travelers: Flight delays, cancellations, lost baggage and complaints all increased last year.
Passengers got hit with bad weather, a crippling fire at a key air-traffic control center near Chicago and runway resurfacing closures in San Francisco and Newark, N.J. Several merged airlines had problems of their own as they sought to combine operations of two airlines into one.
U.S. airlines canceled nearly 66,000 more flights last year than in 2013, and the percentage of canceled flights jumped to 2.7% from 1.9% the previous year, according to flight-tracking firm FlightStats Inc.
For more information, please visit: http://www.wsj.com/articles/the-best-and-worst-airlines-1421254623