VoicePad- Just another AVR or the next generation?
May 30, 2008
In our brokerage (120 agents, 1 office in Louisville Kentucky), we were looking for more than just another AVR (automated voice response) solution. Hotlines where you can call in and get recorded information about properties have been around for years. Actually decades. Is there something THAT special to make the VoicePad Mobile IDX solution different. After 8 months here are the results… Read more
5 Home Buyer Rules For Todays Real Estate Market
May 28, 2008
Great article that really provides some insight for how a buyer should make a purchase in today’s real estate market. Excellent advice touching on the most important considerations for a buyer - from market conditions to using a good REALTOR to represent your interests, its all covered and discussed in the story with some very insightful tips for any prospective buyer.
Housing Market Continues to Weaken
May 28, 2008
Many housing markets continue to weaken - even those that may have considered themselves relatively immune to the downturn. In some parts of the country, there is a crushing amount of inventory sitting - and thats making many prospective buyers becoming very selective for their purchases, and trying to time when they think that the real estate market will actually hit bottom.
National Association of Realtors & Department of Justice Settlement
May 27, 2008
After 2 and a half long years, the Department of Justice lawsuit against the National Association of REALTORs has reached a settlement. Essentially, the result of the case has strengthened and affirmed the position of the NAR regarding the MLS system and its data. The NAR admitted no wrong doing in regard to the settlement, nor did they receive any monetary penalty.
REALTORs see Stimulus Bill as possible Housing Stabilizer
May 23, 2008
The National Association of REALTORs has come out in support of the stimulus bill that as a means of helping to stabilize the housing sector. It is hoped that this will help slow down the home foreclosure rates that are rampant in many parts of the country. This can be achieved, it is believed, by allowing those persons that are in financial difficulty to be able to qualify and refinance their higher interest rate loans into a lower monthly payment that would enable them the opportunity to continue making payments on their home loan instead of possibly going into foreclosure.
Bush says No Real Estate Lender Bailout
May 22, 2008
President Bush has gone on record that he will not support any efforts that would provide a real estate lender bailout. He wants to help those home owners that are credit worthy, out of their difficulties - but not help those persons that preyed on persons and speculated in the mortgage industry doing loans that they probably shouldn’t have been making.
Real Estate Trust Makes Public Offering
May 22, 2008
Washington Real Estate Investment Trust has elected to make a public offering of 2.6 million common shares of stock - and is doing so by making them available at a 2% discount to entice persons wishing to invest in the real estate market.
Washington Real Estate Investment Trust currently has 46.7 million common shares outstanding. They intend to use the proceeds raised from the stock sale to repay some of their current debt service.
Home Owner Rescue Plan Stalls
May 19, 2008
The proposed home owner rescue plan is apparently stalling. Congress is making efforts to get a plan moving, but its going to take a bipartisan effort to get anything through. President Bush has threatened to veto the current proposal that is on the table. Both Republicans and Democrats are anxious to get some sort of plan through to help the ailing mortgage and real estate market across many parts of the country.
Russell Shaw on Thriving and Surviving…
May 18, 2008
Russell Shaw is one of those guys who has been there and done that. He is the leader of a MEGA producing team in the Phoenix area and authors all over the web. RealEstateIndustryWatch is doing an interview with him as well..
In this post, Russell posits that you should keep your eyes on prospecting as much as marketing and that in the end, you will be ahead and you will capture much more market share.
Great post Russell…
REALTORs predict home prices and sales increase late 2008
May 16, 2008
At the National Association of REALTORs Midyear Legislative Meetings and Trade Expo on Thursday, the NAR’s chief economist Lawrence Yun stated that home prices and sales should start to increase for the 2nd half of 2008. A review of the past year of homes values and sales is also mentioned for 2007. Local market conditions are stated as still being the primary indicator for housing markets.
Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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