Stop What You're Doing – Read this Post
Matt Carter on the Inman News Blog and his take on the future of real estate. Some of the best analysis I’ve read recently.
Granted, I’m biased (full disclosure: I work for Inman News) – but seriously, go read.
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PhlipHaus | May 20, 2007 | Reply
I think Matt Carter is getting it right. The industry is stronger for the bust. And, indeed, people are attached to their homes in ways different from pure investment. Easing the finance process will go a long way to decreasing the fear of mobility, thus increasing employment rates. I do think it will still take a drop of a full point to turn it around, anyway. We’ve mitigated the downside here with cheap TV spots from TVSellsRealEstate.com (they produce TV commercials for the real estate industry for free) and regular print ads. We keep the flyer boxes full, too. Come on Bernanke, drop us another point.
Shaun McLane | May 21, 2007 | Reply
Even though I didn’t see an abundance of new infrastructure created for the “bubble,” I agree with the statement, “The investment in physical and mental infrastructure during a boom speeds the adoption of innovations, and makes the U.S. economy the envy of the world.”
Great read, thanks for sharing.
Yvonne Lederer | May 21, 2007 | Reply
Incisive. Plainspoken. Also agree that “Gross thinks discount real estate brokerages that offer lower commissions are probably here to stay.” In our company, we have two methods for riding on the crest of the market and that is one of them. Also agree that “army of Web sites that help consumers find information on housing that used to be closely held by Realtors … (is) more efficient because consumers will be better informed.” Those sites “busted” open doors for many sellers/realtors who, due to their location “inside the gates” of a little known community or lack of resources, saved thousands of $$ on marketing and reached worldwide buyers in many cases. The silver lining.
Yvonne Lederer | May 21, 2007 | Reply
By the way, this thought completely wasted on the crowd who does not need mortgages. $4 million-and-up properties, celeb real estate and second homes for “Brazillionaires” not a busted bubble. See HOT SOUTH FLORIDA HOMES WARM COOL MARKET hot market
Simos | Jan 19, 2008 | Reply
Nice