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Michigan Association of Realtors Conference
2008-08-27 13:50:00 Michigan Association of Realtors is holding their annual conference September 17th through the 19th in Detroit at the Marriot Renaissance Center. The calendar for the events can be found here, beginning with the opening of the General Assembly at 5:00 P.M. on Wednesday and a mix and mingle afterwards. Are there any Activerain bloggers planning on attending? If so lets plan to meet up somewhere. One of my very favorite all time speakers is attending Terry Watson. He has the closing keynote on Friday at 11 AM. You are being given CE credit of one hour for attending this. I don't need the Con Ed credit but I would never miss Terry. I first heard Terry Watson at a RE/MAX of Michigan convention several years ago. Then the Education Committee of the Ann Arbor Area Board of Realtors brought him in to speak. WOW ! He is so hilarious, and animated. Terry Watson will also be speaking at 8:30 AM on Friday on the topic of "Buyer Your Mine". This is also 2.0 credit hours for con-ed. Other speak...
Slow growth forces realtors to cut rentals by 10-15%
2008-08-15 07:53:00 The commercial real estate market across major cities in India saw a slow performance in the second quarter of 2008. This has forced real estate developers to cut commercial rentals by around 10-15 per cent across India. Mumbai, the commercial capital, witnessed stagnant rental values, while Delhi saw a strong correction after the IT/ITeS industry, the largest consumers of commercial real estate, deferred their expansion plans on fears of a global meltdown.ET on June 17 had reported that commercial rentals across India have started to fall.Noida witnessed the highest vacancy rate of 15 per cent. The supply mismatch in the IT/SEZ segment was reflected through rentals which witnessed a correction in the quarter. The total supply for Mumbai in the second quarter was 4.09 million sq.ft with IT/ITeS specific supply estimated to be 40% of the total. The city recorded a demand of 1 million sq.ft largely driven by absorption with fresh pre-commitments taking a backseat resulting in an overa...
By: Realty Digest
National Association of Realtors--New Comments on the Market
2008-06-10 02:51:00 National Association of Realtors Comments on the Housing Market It's not always bad news, friends! Today the National Association of Realtors posted a press release regarding national housing trends along with some predictions. Remember, all real estate is local and as a seller/buyer, you need to be in tune with your particular area. Still, some highlights worth mentioning: Interest rates are steadily inching upwards. Predicting a rate of 6.3% for a 30 year fixed loan by end of year. The affordability index is up. More buyers are realising that now is the time to take advantage of the slower market that is pushing prices down. New home sales are still very slow. The rising cost of construction materials--and the higher costs to transport them--keep this market slower than resale. Consumer confidence has a lot to do with homebuying. I remember the last presidential election year--buyers were skittish, sellers sensed uncertain...
Pending Sales No Longer Good Indicator Of Future Sales
2008-06-09 20:01:00 According to CNBC this morning, Housing Market Is Showing Signs of a Turnaround: Pending sales of previously owned U.S. homes unexpectedly rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group report showed. The National Association of ...
By: HousingDoom
Phoenix Realtors Jumping From A Sinking Ship
2008-06-09 04:57:00 In 2005, you couldn’t throw a rock in Phoenix without hitting a Realtor, but that isn’t the case any more. Apparently a lot fewer people are signing up for real estate school these days. [Hat tip Asset Hunter!] Connie Ross wonders a little when people tell her they want to enroll in real-estate school. Ross, a ...
By: HousingDoom
Realtors Getting Kicked When They?re Down
2008-06-06 04:02:00 These days, I may not be so happy, after all After all that I have gained I still feel sad when I?m all alone I may have felt that path? Decay? I may not be so swift, after all All the chances you have given me I just let you go -The Rentals, ?These Days? (1995) As if the times weren’t tough enough ...
By: Boom2Bust.com
Retro realtors and social atrophy
2008-06-06 01:18:00 I like my new realtor. He's better than other realtors I've worked with before because he is much more high tech. I worry that I will get stuck at my current level of high tech social acumen, because I am getting older--middle aged, now. I want to stay socially connected as I grow further into middle age, and keeping up with the latest high tech trends is my goal so that I can always keep my options open. Interesting word that ... 'options' ... I wonder why my left elbow is sore ... ?
Wanted Realtors Job
2008-06-05 20:37:00 Dear Members, Myself Vijay Gupta, being into Pune Real Estate Consultancy for last 3.5Yrs. With total 11 yrs of professional experience in various...
All Real Estate Is Local - Even More Local For Appraisers And Realtors Thes
2008-06-03 14:47:00 If you have ever sold a home you have heard your Realtor tell you about the comps in the neighborhood. This is how real estate agents determine the price of your home. But with falling prices and slow moving sales the job of an appraiser to determine the local comps, or comperative prices, is getting much ...
Connecticut Conveyance Tax Causes Battle Between Government and Realtors
2008-06-02 16:52:00 Who is the fool that believes once a new taxes is created the government will ever let it go? For once those affected by a tax are fighting back. Connecticut passed a real estate conveyance tax back in 2003 that was scheduled to sunset, or in real world terms end, on June 30th of this year. ...
Realtors 30 Under 30 Announced
2008-05-29 16:50:00 I do not know about you, but when I was in my 20s I was always ready to go with new ideas. Just at that stage raw ambition and motivation were not enough sometimes to get me over the hump. However, the new crop of Realtor Magazine’s 30 Under 30 have the motivation and the ...
What REALTORS can learn from Memorial Day
2008-05-27 18:14:00 Memorial day traditionally honors those fallen soldiers of war in our country. Since the end of the Civil War, the holiday has been an opportunity for ordinary Americans to set aside some time - officially, without work - to remember those who gave their lives to defend our way of life. And while most wars are fought in defense of "liberty" and "democracy" and "freedom" they are all ultimately struggles for the one item on the planet that makes all of those concepts possible: Property. Read the rest of this posting...
Las Vegas Discount Realtors
2008-05-27 01:39:00 This quoted paragraph was part of an article I recently read from a Las Vegas Real Estate Agent and the following was my response: ?Many Las Vegas Discount Realtors, not all of them, just place their listings in Multiple Listing Service and wait for another Las Vegas Real Estate Agent to bring them a buyer.? Let the games begin! Most ...
And then the realtors, after two years of not eating, finally turned on the
2008-05-26 07:06:00 The hungry army of 1.2 million ramen eating realtors should march on the NAR offices in Chicago and demand an end to Lawrence Yun's happy talk and spin, the NAR's non-stop "we've hit bottom" and "prices aren't falling" spew of lies and deception.Why?Because this line of BS is actually hurting the 6%'ers, a HELL OF A LOT more than helping. Besides destroying their dwindling base of dues-payers' credibility (what very little of that there's left), the monkeys at the NAR are also confusing would-be sellers into not pricing their debt-traps at saleable prices, and transactions (that aren't REO's) dry up.No transactions = no commissions = no NAR dues = more ramenAs we've said for years, the NAR should be out there saying "prices are plummeting and will fall even more. If you're a seller, lower your price, lower it big-time, and get out. If you're a buyer, get even more aggressive with your low-ball offers"Instead, the NAR happy-talk is just freezing the market, as sellers po...
By: Housing PANIC
Realtors say O.C. April house sales up, inventory down
2008-05-24 01:24:00 The California Association of Realtors reported today that the number of existing single-family houses sold in Orange County last month increased for the first time in 14 months, rising 14.8% from April 2007. The findings are more upbeat than those of DataQuick, whose data includes sales outside the multiple listing service used by the Realtors. DataQuick reported Monday that house sales fell in April by nearly 12% from the year before. Both indexes showed similar percentage declines in prices. CAR reported today that the median house price — or price at the midpoint of all sales — fell 22.6% to $578,010. DataQuick reported Monday that the median house price fell 22.9% to $555,000. Meanwhile, CAR’s latest home-price report shows a dramatic drop in the number of months needed to sell all the homes on the market at the current sales pace. It would take 9.9 months to sell the current Orange County listings, CAR reported, down from a record high of 33.4 months in Janua...
New Jersey Realtors Mad At NAR Over Inflated Numbers
2008-05-23 14:52:00 The public who follows real estate reporting, i.e. my readers, have long been amused and baffled at the overly optimistic numbers that the National Association Of Realtors has put out. Well, a new group of folks are getting annoyed at what is perceived as grandstanding by the NAR. Actual dues paying New Jersey Realtors. The ...
Giving Realtors a Bad Name... We're Not Created Equal
2008-05-17 23:09:00 Tampa, FL - There are many good Realtors all over the country - people who take their real estate jobs seriously and who dedicate themselves to their clients and their business. It's their livelihood and they treat it accordingly. These folks return phone calls promptly, offer accurate directions to their listed properties, have adequate (at least) pictures of their listings, and do the real work required to be successful, whether they are working with a seller or a buyer. There also are many bad Realtors out there. These folks seem to make money in spite of themselves. They make a living off the good natured, yet naive friends/clients who don't realize that their trusted agent is not very good at their job (I was being kind). There are those who have many listings, but do the absolute minimum - only posting it in the MLS and an occaisional open house - to sell a property. Others fail to return phone calls promptly (some of these might also be...
The Truth about Realtors
2008-05-16 03:03:00 I know it’s been a long time since I posted last- been soo busy, I can’t keep up! I came across this and thought it was hilarious! Gotta love Realtors… Other Must ReadsI’m Alive and Kickin’!Subtle RevengeCountrywide Is here for the Long HaulMeasuring True Appreciation Rates in Arizona
By: REI Pipeline.com
The Absolute Insanity of Recruiting REALTORS
2008-05-14 06:33:00 Here's an update to some thoughts posted in the past on "recruiting" and "retention" in real estate. Brokers worldwide spend an incredible amount of time "finding people" to join their company and then going to extremes when others wish to leave it. It's a constant scurrying-about of energy, time, money and frankly - waste. No other industry, certainly no other worthwhile sales industry, goes through such crazy contortions to grow its business. For decades, "recruiting and retention" topics have attracted packed rooms at conventions; new schemes, gimmicks and tricks have been taught and tried; brokers have done just about every extreme, from offering 100% commissions to creating exit strategies. And, if the numbers prove correct, none of it works. Every wonder why? Find out here...
FLASH: National Association of REALTORS reports home prices fall by biggest
2008-05-13 17:13:00 Seriously, NAR, enough is enough. You have zero credibility. And every time you have Yun paraded out to spew more bullsh*t, you just look stupid. Even more stupid than you looked the day before.PEOPLE OF AMERICA - DO NOT TRUST THE NAR OR ANY REALTOR ON COMMISSION. THEY ARE ENEMIES OF THE AMERICAN PEOPLE, AND SHOULD BE AVOIDED AT ALL COSTS. Home Prices Post Steepest Drop in 26 YearsSingle-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982Lawrence Yun, the chief economist of NAR, attributed much of the record decline to liquidity problems dragging down high-priced markets."These are highly unusual results because there were very few jumbo loan originations in the latest quarter," he said. "So sales are much slower in high-cost areas."
By: Housing PANIC
Realtors should focus on foreclosures
2008-05-13 17:00:00 It?s a well- known fact that eventually, the real estate market will reverse itself and home prices will settle to pre-housing boom prices. But while we are in the recovery period, many people have lost their jobs and many more are barely holding on to theirs.
National Pending Home Sales Hit A New Low In March
2008-05-08 09:01:00 It’s enough to make you burst out singing "Blue Skies". From the National Association of Realtors’ chief economist: Two things homebuyers shouldn’t have to worry about is a recession or long-term credit crunch. That’s what Lawrence Yun, chief economist with the National Association of Realtors, told real estate practitioners who gathered at the ...
By: HousingDoom
Michigan Association of Realtors reports State wide Residential Sales Resul
2008-05-07 22:34:00 Ann Arbor Area Board Sales Price Decline is not as Bad as Overall State ResultsWhile the Michigan Association of Realtors reported a decline in prices for the State of 11.63 percent from 07 to 08, the Ann Arbor Area Board declined only 2 percent. To see the State wide first quarter look below...Click on the chart to see it in full screen viewHang in there….. the bottom to the market is coming. For an inside look at sales results for our area, call us.Click here to search all listings in Michigan with pictures and tours -FREE! Kathy Toth and Teamwww.KathyToth.comKeller Williams Realty See AlsoThe Kathy Toth Home Selling SystemVisit our website, for all you need to know about Ann Arbor Real EstateContact Me!If you need assistance, please do not hesitate to call
By: Ann Arbor Talks
Realtors moan about loan shortage, after opposing new lenders
2008-05-07 21:01:00 Richard Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach and this year’s National Association of Realtor president, says today: “Our members are telling us that more buyers are looking at homes but are slow in signing contracts, and that’s contributing to the weakness in pending home sales … In many cases buyers are waiting for greater access to affordable credit, especially in higher cost areas, but some are disappointed with what appears to be unnecessarily restrictive lending requirements. The good news this week is there is some discussion toward relaxing some of the burdensome lending practices.” Maybe in the next cycle, NAR shouldn’t oppose “relaxing some of the burdensome lending practices” with its own repeated opposition to allowing certain corporations from entering the lending game. These well-known, consumer-friendly brands might want to be, say, long-term mortgage players vs. the here-today, gone-tomorr...
National Association of Realtors
2008-05-07 16:01:00 Released data today suggesting that the mortgage market is still holding home sales back, with drops year over year still very signifigant.They also projected a 2.4% drop in real estate prices nationally.Remember that this is a national statistic, and that Northwest Indiana has not seen price reductions, merely a reduction in volume of sales.
By: Synergy Thoughts
Lack Of Mortgage Approvals Falters UK Realtors
2008-05-07 10:19:00 Debtwire is an organisation that keeps an eye on the health of real estate agencies in the UK and according to their latest reports there is trouble brewing on the horizon. The Telegraph posted an article yesterday that painted doom and gloom of the UK real estate affairs reporting that some 1,000 agencies had shut down ...
Realtors forecast 24% price drop for California houses
2008-05-03 01:04:00 (Update: New chart and more comments added.) The California Association of Realtors is forecasting that the median price of a California house will fall 24% this year to $424,000 — a price not seen since 2003. In March, CAR was forecasting a 9.5% price drop statewide, to $505,100. The median price of an existing single-family house in California has been above $500,000 since 2005. “This 24% decline just has no precedent,” said CAR Deputy Chief Economist Robert Kleinhenz, who delivered CAR’s latest forecast today at the annual expo at the Disney Hotel by the Pacific West Association of Realtors. He said afterward that association economists still are unsure how much the median home price will fall this year. The 24% drop is CAR’s best figure at this point, he said. Here are CAR’s median price figures for existing single-family homes: Year Price Vs. 06 2000 $241,350 11.0% 2001 $262,350 8.7% 2002 $316,130 20.5% 2003 $372,700 17.9% 2004 $4...
It’s ‘Year of the flush’ for Realtors
2008-05-02 20:56:00 At the Pacific West Association of Realtors expo in Anaheim today, staff wore lifeguard T-shirts. Nancy Gilmore, CEO of the Anaheim-based group, said the association won’t perform CPR on any agents whose careers are on life support, but thought the metaphor apt. “They come to us because we rescue them,” Gilmore said, explaining that Realtors are looking for tools and education about surviving tough times. “When times get bad, they come to the association.” This year’s expo (an event at the Disney Hotel that drew nearly 2,000 agents, brokers and mortgage brokers from throughout the region) started off with motivational real estate coach Tom Ferry of Newport Beach, who told agents, “There’s no question this market is going to remain the same for a long time.” He added: “It’s the year of the flush. Either your hand is on the lever or it’s on the bowl, and you’re going down.” (more…)
Realtors to pitch aapnu Amdavad in US
2008-05-02 04:44:00 AHMEDABAD: After pitching ?Brand Amdavad' at home, Amdavadi realtors are now cementing plans to hardsell Amdavad realty to non-resident Gujaratis (NRGs) right at their doorstep.For the Gujarat Institute of Housing and Estate Developers (GIHED) has joined hands with the Association of Indian Americans in North America (AIANA) to host their first international property show at the second ?Chaalo Gujarat: World Gujarati Conference' to be held at New Jersey in August 2008. The first conference was held in New Jersey in September 2006.The three-day conference-cum-exposition, in which nearly 50,000 NRGs are expected to participate, will primarily see Ahmedabad-based realtors pitch Amdavad as well as upcoming residential and commercial property projects worth over Rs 20,000 crore to NRGs.What's more, the property fair will also showcase a glitzy Amdavad of tomorrow, replete with mega projects like Gujarat International Financial Tec-City, Sabarmati riverfront project, Bus Rapid Transit ...
UK realtors woo Indian HNIs to invest
2008-05-01 20:00:00 Developers from the UK are set to roll out initiatives like road shows to woo Indians to invest in real estate in that country. Concept buildings | The most expensive malls9 Vote(s)
By: Market Buzz
The end of the world as they know it for realtors is now here: Ramen costs
2008-04-29 07:38:00 Here's the bad news from South Korea - coming soon to America.RamenPANIC is here!The Lee Myung-bak administration has laid out a series of measures to fight inflation, including eliminating or reducing import duties on grain and oil products.Still, the price of ramen soared 12.8 percent from a month earlier while bread jumped 8.8 percent.
By: Housing PANIC
Are REALTORS Insane?
2008-04-29 04:17:00 How do you define insanity? Some say it's doing the same thing over and over again, but expecting a different outcome. That sounds just like the real estate industry to me. In fact, two recent events I hosted might just prove that while all real estate may be local, the industry's insanity is widespread. First, zip out to the Midwest, where a group of about 85 brokers joined me for a breakfast meeting on "technology tips" to meet the challenges of the future. As usual, we start with a simple quiz. Just who is the customer of the future? What do they look like - today, and more tomorrow - demographically, economically, and most importantly, in consumption patterns? You might expect that a group that serves so many people might have some idea of just who they are - broad patterns of group traits. At the least, you'd think they would purchase some of the research from their own trade organization. Hopefully, an industry that says it's all about the c...
When Juries Actually Work
2008-04-28 22:13:00 Ever serve on a jury? I have, and didn?t enjoy one particular experience that took place in 1996. That year, I was picked to serve on a traffic court jury for Cook County, Illinois. The case was about a man who was arrested for drunk driving when he was stopped at a ...
By: Boom2Bust.com
Web Sites Triple in Size in Last 5 Years - Realtors Use That Bandwidth!
2008-04-28 16:57:00 In the past if you developed websites you aimed not to alienate the dial up user and those with smaller monitors. Well with the new information out that websites have tripled in size since 2003 and the number of objects on a page doubling, don’t get hung up on those metrics anymore. The size of ...
The National Association Of Realtors Announces That The Typewriter Is State
2008-04-25 16:35:00 The NAR has launched a new website called Realtor Confidential. This site is ”designed to educate our membership about technology-related topics and investigate how NAR can best use Web-based technology to communicate with members”. … [visit site to read more] Advertisement: Buy Properties 30-50% Below Value Banks don’t want to own real estate. Earn huge profits ...SHARETHIS.addEntry({ title: "The National Association Of Realtors Announces That The Typewriter Is State Of The Art Technology", url: "http://www.realestateradiousa.-com/blog/2008/04/25/the-nationa-l-association-of-realtors-annou-nces-that-the-typewriter-is-sta-te-of-the-art-technology/" });
Note to REALTORS: It's not about you
2008-04-25 01:42:00 The other day I encountered insanity. Once again, I know. It's around me every day - since there are still about 1 million REALTORS too many hanging around. Still, it's hard to overlook the ridiculous. And here's a picture for you (pun to be intended). I'm having a conversation with a REALTOR who has been practicing for quite some time - certainly more than just the last few boomlet years - and we're discussing internet listings. She can't wonder why her listings aren't attracting more inquiries. I bit my tongue not to ask her just how much the listing was overpriced; I thought maybe I'd skip that fight that day. But I couldn't resist asking how it looked online. Do you have a lot of photos, I asked? Yes, I have about 6 or 7 photos, she replied. Well, not bad, I said. At least it's more than the usual 1 or 2 (or none!) What about videos? How many of those do you have on the listing?, I asked. Oh, I don't do videos. I don't like them. They take too long to load up and...
Housing Spindoctors
2008-04-24 19:50:00 This morning I came across an interesting post on the New Jersey Real Estate Report blog (hat tip The Mess That Greenspan Made). In ?Tracking Realtor Spin,? a chart depicting existing homes sales is paired with comments made by the National Association of Realtors. From reading these, you?d think it?s always a great ...
By: Boom2Bust.com
National March Home Sales: Prices, Sales Down, Inventory Up
2008-04-23 09:02:00 As you may recall from last month’s installment of "How the NAR Spins", [I mean turns] Yun was gleefully celebrating a 2.9% month-to-month increase while ignoring the year-over-year 24% drop in home sales. Yun said last month: We’re not expecting a notable gain in existing-home sales until the second half of this year, but the improvement ...
By: HousingDoom
Thank you Alan Greenspan, Angelo Mozilo and the realtors of America for rui
2008-04-20 11:48:00 Hope it was worth it, you know, all those profits. All those commissions. All those bonuses. Meanwhile, watch for the divorce rate in the US to soar. Along with the crime rate, the domestic violence rate, the foreclosure rate, the murder rate, the unemployment rate, the inflation rate, the bankruptcy rate, ..........Home Mortgage Crisis May Boost Divorces in U.S., Experts SayThe home mortgage crisis in the United States has spawned problems in the mortgage, real estate and banking industries, and many consumers are now facing mortgage payment increases in the coming months that could cause the number of home foreclosures to climb even higher. And all of those financial woes may be spawning another problem as well -- an increase in divorces, experts say.Scott Daniels, an Ocala, Fla. Realtor, doesn’t need a study to tell him what he already knows -- the mortgage industry crisis is causing an increase in the number of couples who are getting divorced."In the last three months, we hav...
By: Housing PANIC
Bringing Mediation Home to Realtors for Now & the Future
2008-04-19 20:30:00 I had the honor and privilege to be part of a 3 day training program sponsored by NAR in Chicago this last week on Mediator/ Mediation Training. All I can say is WOW! what an eye opener, what an experience, and what great instructors and coach's we had for this program of dispute resolution process that will be sweeping the nation for Realtor Boards in the coming months and years ahead. Unlike arbitration, and litigation, mediation is a voluntary process in which a neutral party (Mediator) helps people resolve conflicts. The heart of mediation is getting two or more people with a problem to talk to each other. Mediation is a confidential settlement process that honors the principle of self determination from the parties involved. This is something that as a broker-owner over the years I can relate with through settling disputes between agents, buyers and sellers and mediating last minute closing disputes. Most Realtors with experience in listing a...
REALTORS and Lawyers - Peas in a Pod?
2008-04-18 15:59:00 The Notorious ROB has an excellent post making some comparisons between lawyers and REALTORS. If you have ever had a bad experience with a real estate “professional”, take a few minutes to read his post. You may walk away with a better understanding of why there can be such a huge discrepancy when it comes to the quality of real estate agents. One quote particularly interests me: Neither the legal industry nor the real estate industry will change towards a regulated system of limiting the number of people who can claim to be an attorney or a realtor. There’s too much money being made by ambulance chasers on the one hand and the sleazy, know-nothing agents on the other. But in that environment, an opportunity does exist for the elite firms to separate themselves. (emphasis mine) I hope that no one reading this has had a bad experience with a REALTOR here at CENTURY 21 Key Realty. If you have, I would like to apologize. I would also like you to know that we strive everyd...
If 90% of the Buyers Go Away Will 90% Of Realtors Go Away As Well?
2008-04-16 18:18:00 Nearly 90% of consumers recently polled say they are not interested in buying a home any time soon. … [visit site to read more] Other Posts you may find Interesting...Get Cash Back At Closing…Legally!Uh Oh….Now The Games Are Truly Beginning!Where’s Everybody Else?“A Lot Of You Are Building The Brand Of People Ahead Of You”Have We ...SHARETHIS.addEntry({ title: "If 90% of the Buyers Go Away Will 90% Of Realtors Go Away As Well?", url: "http://www.realestateradiousa.-com/blog/2008/04/16/if-90-of-th-e-buyers-go-away-will-90-of-rea-ltors-go-away-as-well/" });
New Media Campaign By The Maine Association Of Realtors
2008-04-15 17:45:00 Watch this new video released by the Maine Association of Realtors for the “Your Piece Of Maine” social campaign. It will be aired on cable television channels as well as on YouTube and Facebook. What do you think?
CEO of ARMLS Responds To ?Secret? Bonus Remarks
2008-04-15 09:01:00 On April 12 we posted a news story done by Brahm Resnik on the practice by the Arizona Multiple Listing Service (ARMLS) of forbidding any bonuses offered to buyers agents not being permitted in the realtor remarks. Yesterday Bob Bemis, CEO of ARMLS, posted a response. In fairness to Mr. Bemis, I thought I would ...
By: HousingDoom
This lady in Dublin believed the realtors, believed the media, and believed
2008-04-14 14:49:00 So many lied in order to earn a commission.So many believed, for so many reasons.The commissions - they got pocketed, with the realtors and mortgage brokers making out like bandits.The buyers? Well, quite frankly, they got f*cked. Should have listened to HP.Housing Woes in U.S. Spread Around GlobeDUBLIN ? The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India.In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one, will face an even more wrenching adjustment than that of the United States, including the possibility that the downturn could become a wholesale collapse.
By: Housing PANIC
REALTORS can Rescue the Housing Market
2008-04-14 01:52:00 Nobody knows better - or at least, should - why homes aren't selling in the marketplace. No, it's not because of the mortgage meltdown: Contrary to popular belief, mortgage rates are still historically low and credit-worthy buyers experiencing no problems securing finance. And there are plenty of potential buyers. Most REALTORS will tell you they are working with dozens of buyers - but they can't seem to get them to "take the plunge." How is it, then, that low and available finance, a broad pool of "interested" buyers and great deals on inventory - apparently there are some 3 million units of excess inventory in the housing market - how is it that the market has stalled? Price. Only in real estate can you expect the exact opposite to happen to commodity prices. Today, most real estate on the market is simply priced too high to induce buyers to make an offer. Subtract all of the sellers who "need to get above market value to rescue their financial situation" and you still have l...
Charlottesville REALTORS Target First Time Buyers
2008-04-13 16:40:00 The Charlottesville Area Association of REALTORS has a great plan for giving first time home buyers a little additional help and incentive to get out there and buy. It's proactive, targets the right group and isn't based on hype. That's a great plan!
Jury Finds Buyer Was Adequately Informed By Agent
2008-04-13 09:01:00 On April 3, we discussed the story of the Ummels, the unhappy homebuyers that were suing their realtor. The jury has ruled, and they are saying "caveat emptor": Friday, April 11, 2008 | A jury sided Thursday with Carlsbad real estate broker Mike Little in a closely watched lawsuit that pitted a local couple ...
By: HousingDoom
The Washington realtors Association has a plan to stop the housing crash in
2008-04-13 08:44:00 Here's their brilliant "get the facts straight" campaign and plan of attack:* A little bit of high-school-level graphic design, with ALL CAP WORDS THAT SHOUT AT THE IGNORANT TO LISTEN TO THE AUTHORITIES* Add some standard stock-art images of families and white picket fences* Spin that past performance equals future returns* Use great phrases like "stable", "responsible", "strong" and the really funny one "Washington is different"* Don't talk about out of whack P/E ratios, historical averages or basic fundamentals* Place a ton of ads in MSM while getting ad-supported MSM to plant pro-realtor storiesSo, that's about it. I didn't see the prayer meeting, or the blame the media slant, so the realtors are evolving a bit. But in the end, same old same old. And what they don't realize is - if they ever want to eat again, the BEST thing that could happen is for prices to come down, and come down hard and come down fast.Nobody is buying their bullsh*t anymore, and they're not buying hom...
By: Housing PANIC
Word On Arizona MLS Secret Agent Bonuses Getting Out
2008-04-13 03:17:00 Kudos to Brahm Resnik for giving this story wider coverage: [Doom’s own M contributed to this story.]
By: HousingDoom
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