Cost of wood has skyrocketed 124% YTD (400% in the last 12 months)
Home prices are soaring.
Gas is up.
Used Car prices are up 21% (10% in April alone)
Copper is up 36% CPI is up 4.2%
Resource – CNBC
Are we seeing inflation or a situation where supply meets a lack of demand?
You all are the experts! Not sure if we will really know the answer until looking back at today a while from now… that’s why people need you to build them a plan!
Here are your Quick Hits:
Articles to Help Explain WTH is Going On:
- “Most forecasters, including policymakers at the Federal Reserve, expect the confusion to be short-lived.”
- “It is possible that the pandemic changed the economy in ways that aren’t yet fully understood, or that short-term disruptions could have long-lasting ripple effects. Some prominent economists are publicly fretting that today’s price increases could set the stage for faster inflation down the road.”
- “More than half of homes in the US are selling above list price.”
- “Prices are rising, homeownership is increasingly out of the reach of many Americans, and the alternative (renting) is also increasingly expensive, especially in the most job-rich parts of the country. This is an unhealthy, unstable, and unacceptable state of affairs. And it was entirely preventable.”
Solid Resources:
- Create an offer or incentive that provides your past clients motivation to review your firm. An example of an incentive could be a giveaway or raffle, where a review on your chosen platform counts as an entry for that individual.
- While offers can be effective, use them sparingly so they don’t lose their value.
- Contacting long-term clients is an important part of cultivating reviews, but don’t
- Forget about new and future clients. Make sure you are reminding them to review your office, both verbally and in writing, potentially with simple marketing pieces that can be given out during the initial meeting stages.
- Here is the guide to growing your online reviews
- The number one financial regret is not having invested more
- 59% of respondents said they weren’t doing a good job using investing as a way to pursue their financial goals.
- 60% of women said that a lack of investing knowledge was their primary barrier
- 34% of them said they didn’t have the confidence to invest
Chart of the Week:
Quote of the Week:
“Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence.” – Harvard Business School definition of leadership
