Frank Rizzo's (frankrizzo) Blog

From begrudingly cutting rates 25bps just a few months ago, the Fed has dropped rates 125bps in a week. With the Fed Funds down to 3%, the Fed has reacted aggressively to a slowdown that went from credit, to housing, to the economy as a whole. While this will be helpful to those with equity lines...

This is an update on my previous post of "When Houses Sit..." To recap - this weekend I received an offer on a new construction 2 family for a first time home buyer. The house had been sitting on the market for over 18 months, and the builders had already let go of higher offers when they thought...

I had the distinct pleasure of working with a referral customer this weekend. We had spent some time together at the end of last year, but with her husband involved in contracting and the slow down in the marketplace they were too nervous to own a home at this time.This week, with rates dropping ...

Why do I get the feeling that I've seen this before? The Fed makes the surprising move to cut 3/4 of a point mid session. What do they see that we haven't yet? Has the market gotten that much worse, or does the Fed think that it's previous measured response was not having the desired effect?I kno...

There was an interesting feature in Sunday's New York Times on commuting in NYC. This week they focused on Staten Island transit, the SIRR and the Ferry.There is a tradeoff in Staten Island. More house and property for the money, but a commute to Manhattan that could create challenges for the cit...

The impression of Staten Island as the "forgotten borough," is continuing to fade. With Mayor Bloomberg remarking in his State of the City Address about the efforts of a transformed St. George, Staten Island is taking a large step forward. But let's take it a step further. The water front on the ...

My last few posts had been about referrals. I focus on referrals, because once I made that decision in my business my business really started to move in a different direction. And for all you new agents out there, it does not take long to build a referral base of business.Last year 55% of my busi...

In October of '06, three professionals sat in a corner at Perkins on Amboy Road and started a wonderful journey. We created the beginning of Profit Partners, the BNI chapter that meets every Wednesday morning at 7:00 A.M. BNI (BUSINESS NETWORK INTERNATIONAL) is the most successful organization of...

I am dedicated my next few posts to the value of referrals. To start, I am discussing an organization which I have been active with for over a year, and I believe strongly in. If you have been thinking about how to build your referral base - I recommend strongly to find out more about BNI.BNI (BU...

What makes our industry spectaculary different from almost every other industry, is the level of cooperation that competitors will have to successfully complete a transaction. I know of no other business where it's players are, by it's design, forced to worked together so we could each achieve ou...