July 2nd, 2013 7:06 PM by Eric Fang
I Closed only 13 loans in the month. But this is not the slowest month. It's expected that lessthan 5 loans will be closed in July.
The higher rates affected the RE market. The refinance busiless halted. And I have two buyerscancelled the purchase transaction. In some areof Calirfornia, the RE market was actually down. The listing price was lower than May. One of myfriend told that he offered $570k for one property listed 615k(reduced from 629k), he got the counterof $584k. But he is still waiting.
I completed running of 146 miles in the month.This is the first month I started running only 3 or4 days week. And started longer runs over the weekend.The overall performance is pretty good.
Though the business is slow, I would try to do everything to make myself busier. One goalwould be reading English Novels(I used to ready only Business related books in English)to improve my spoken English. For my expandedbusiness in insurance, I passed all the requiredtests and got the license. But I am very nervousbecause of the new business challenges. Once ina while, I asked myself, why should I do this?Is it ecessary?
Like the I challenge myself for the running, I wouldsee whether I can build another business for the 5-8 years. Even though the new challenges, I would still focus the loan business, I would help morebuyers for the smooth purchase transactions.