The Lending Coach

Coaching and teaching - many through the mortgage process and others on the field

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Getting Ready: Infield Pre-Pitch Strategy

Baseball Player in Red Uniform

Great baseball defense demands great reflexes and quick thinking during the game…and that means having an infield pre-pitch strategy. Losing focus between pitches will lead to mental mistakes and fielding errors.

Baseball Player in Milwaukee Brewers

It is imperative that every fielder expects the ball to be hit to him on EVERY pitch.  Players can’t be surprised when the action is directed their way.

This is why it is extraordinarily important for an infielder to be ready for the ball at all times. A good infielder minimizes distractions by preparing himself before every pitch.

There are a few essential things players should be doing between pitches when on defense. This is called the Pre-Pitch Routine.

Here are two articles – one from USA Baseball and another from Colonial Baseball Instruction that highlight the importance of an infield pre-pitch strategy and go into great detail on having the right plan:

USA Baseball – Pre-Pitch Preparation for Infielders

Colonial Baseball Instruction – Coaching Pre-Pitch Routines

Secondly, I’m linking to a fantastic YouTube video from Elite Youth Baseball on the proper defensive pre-pitch footwork.

Defensive Pre-Pitch Footwork in Baseball

Baseball Player on NY Yankees

In the video, they break down and analyzing the proper pre-pitch footwork utilized by the best MLB defensive players in the game, as well as give some pointers on how to get young players to understand and incorporate this important fundamental into their game.

I’d invite all players to take a look at both of the articles and the video, as these tools are of ultra importance to development and solid defense.

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UPDATE: New Home Sales and New Appreciation Numbers

White House with Red For Sale Sign

New home sales, which measures signed contracts on new homes, were up 21% in March, and the February number was revised higher, as well.

Taking out the revision, sales would be up 32% from last month’s original number.

Sales are up 67% on a year over year basis, although that is a little bit skewed, due to the economy being shut down this time last year.

Looking at inventory levels – there were only 307,000 new homes for sale in March, down 7% from last year. There are 14% fewer homes for sale under $300,000 compared to last year. The Median home price was reported at $331,000 up not even 1% from last year.

New Home Sales from March 2021 Graphic

Appreciation

Home prices continue to increase across the country, as the latest S&P CoreLogic Case-Shiller Home Price Index report showed a 12% annual gain in February — up from 11.2% in January.

Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate nationally.

Clipart of White House Acting a Money Drawer

It’s the ninth straight month of increasing prices.  The 12% home price gain is the highest recorded increase in the last 15 years!

Phoenix, San Diego, and Seattle reported the highest year-over-year home price gains among the 20 cities in February, with Phoenix leading the way with a 17.4% increase from 2020. San Diego showed a 17% increase, and Seattle showed a 15.4% increase.

“Some recent signs suggest that the historically tight inventory pressures may finally be starting to ease,” said Zillow Economist Matthew Speakman.

“Should those signs materialize, the meteoric rise in home prices may finally have a reason to come back down to earth. For now, red hot home price appreciation shows few signs of cooling.”

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Handling Slumps in Baseball

Bat Boy looking at Broken Wooden Bat

The dreaded hitting slump is something every baseball player wants to avoid. When the hits stop falling in it can bring a lot of frustration and added pressure.

As I’ve mentioned previously, one of my favorite mental coaches is Dr. Patrick Cohn of Peak Sports Performance. Dr. Cohn is a sports psychologist out of Orlando Florida.

Picture of Dr. Patrick Cohn

He’s always preaching about mental preparation – as well as the techniques athletes can use to grasp it to improve performance…and handling a slump is right in his wheelhouse.

He sent out an e-mail blast recently that I’ve posted below regarding slumps in baseball – and how to best get through them.

Peterson’s Example

Here’s a portion of his piece, with a great example from Joc Peterson, the Chicago Cubs’ outfielder:

Chicago Cubs left fielder Joc Pederson utilized a mental cue to break out of his early season slump in 2021. Pederson had one of the best pre-seasons in the Major Leagues, hitting .372, 11 extra base hits and 7 homeruns in 17 games for the Cubs.

Cubs Baseball Player

Unfortunately, Pederson started the regular season with a bit of a slump going 0-15 at the plate in his first few games. Pederson ended his little slump by hitting a solo home run in the eighth inning of a game against the Milwaukee Brewers.

After the homerun, Pederson was awarded a waffle maker in the dugout by teammate Ian Happ. After the game, Pederson explained the meaning of the waffle maker.

PEDERSON: “We haven’t really been getting too many hits as a team. So I texted him and a couple of (other teammates) last night. He said, ‘Yeah, I’m bringing the waffle maker.’ You know, going to waffle some balls. It was pretty funny.”

The mental cue of a “waffle maker” kept Pederson focused in the present on what he wanted to do, “waffle some balls,” and not on the slump itself.

Cause and Effect

What is the main cause of slumps? Per Cohn, if a player was to look back at their past slumps or performance ruts, they would probably identify the inability to focus as the primary cause of staying stuck.

Baseball Player Hitting a Ball

Yet, when most ballplayers are in the middle of a slump, they look for a physical or mechanical solution. Many players will take additional batting practice, work with their hitting coach, change up their mechanics, and even switch bats trying to get back on track.

Cohn states: “When you ruminate and replay strikeouts, failure to move runners, missed opportunities to drive in runs, and difficulty making contact with the ball, strong negative emotions arise and battle for your attention.

When you pay attention to all the distractions during an at-bat, your body tenses up and throws off your timing.

Breaking out of a slump requires you to change your thinking or what you focus on. For example, a mental cue is a verbal or visual reminder to narrow your focus on what you want to happen”

More from Dr. Cohn

You can find more from Dr. Cohn here:

Peak Performance Sports, LLC
Mental Training for a Competitive Edge
888-742-7225

https://www.baseballmentalgame.com/
https://www.peaksports.com

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Home Appreciation 2020-2021: Onward and Upward!

White House with Big Green Front Yard

If you were a homeowner in 2020, you were a big winner, thanks to fantastic home price appreciation. 

Real estate analytics firm CoreLogic reported that the U.S. Home Price Index rose 9.2% in December from a year earlier, largest annual gain in more than six years. 

Hand Following Lines on Electronic Graph

This was primarily due to low inventory and attractive low-interest rates.

Per CoreLogic’s press release:

“The housing market exceeded expectations in 2020, closing out the year with the highest annual home price gain since February 2014 in December at 9.2%. Despite a blip in April, home-purchase demand surged as record-low mortgage rates persuaded first-time homebuyers to enter the market. Meanwhile, the consequences of the pandemic were seen in the dwindling supply of homes — dropping, on average, 24% below 2019 levels — as homeowners delayed selling.”

Key Findings from 2020

  • Nationally, home prices increased 9.2% in December 2020, compared with December 2019. On a month-over-month basis, home prices increased by 1% compared to November 2020.
  • December 2020 gains across all of the 10 select metropolitan areas (see table 1 below) surpassed their December 2019 levels.
  • Affordability concerns continue to persist as prices continue to steeply rise. For instance, in San Diego, prices increased 10.4% year over year in December 2020 compared to the 3% gain December 2019. San Diego home prices are also forecasted to increase an additional 8.2% over the next 12 months.
  • At the state level, Idaho, Indiana and Maine had the strongest price growth in December, up 19.1%, 16.1% and 15.2%, respectively.
Modern Apartment with Big Windows and Black Metal Stairs

“Two record lows are fueling home price gains: for-sale inventory and mortgage rates,” said Dr. Frank Nothaft, chief economist at CoreLogic. “Prospective sellers with flexible timetables have opted to delay listing their home until the pandemic fades or they are vaccinated. We can expect more inventory to come available in the second half of the year, leading to slowing in price growth toward year-end.”

Chart of Single Family Combined HPI Percent Change and Market Condition Indicators fo Select Metros

Home Ownership

More good news…the percentage of Americans who own a home—67.4% in the third quarter of 2020—was the highest in 12 years. In the third quarter of 2019, the rate was 64.8%.

You can find out more regarding the 2021 forecast here…

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Second Homes and Investment Properties – New Regulations and Rates

Back Patio with Pool

Fannie Mae and Freddie Mac are tightening the underwriting criteria for second homes and investment properties. They will also begin to limit the number of these mortgages that they will acquire.

“Recent amendments to our senior preferred stock purchase agreement with Treasury impose additional risk criteria on the loans we acquire,” the Government Sponsored Enterprise said in a letter. “One of those restrictions is a 7% limit on our acquisition of single-family mortgage loans secured by second home and investment properties.”

This means that non-owner occupied transactions (2nd homes and investment properties) will become a bit more difficult in terms of qualification and slightly more expensive, in terms of interest rates.

Piggy Bank and Small House

Lenders are now being forced to add to the cost of the loan and raise interest rates – anywhere from 50 basis points to as high as 250 bps.  That can mean an increase in rate of 1/8% to 1.25%, depending on the investor.

Finance of America, my employer, has added 50 basis points for all 2nd home and investment property purchases and refinances. This is on the low side, relative to many in the industry, as others that I’ve spoken to have added as much as 250 bps.

From Investopedia: “Basis points, otherwise known as bps, are a unit of measure used in finance to describe the percentage change in the value of financial instruments or the rate change in an index or other benchmark. One basis point is equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal form.”

Don’t hesitate to contact me for more information to see how this might impact your upcoming purchase.

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