Opinion

Aug

19
2008

The Myth of the Million-Dollar Producer

In pursuit of authenticity, transparency and truth in the residential real estate brokerage business, we must stop and take a look at many of the messages we send to the public. Far too often in real estate we promote the consumer perspectives that seem valuable, yet in our own private circles we know there is little to no value: open houses and silly ads, to name a couple.  more...

Aug

18
2008

Letter to Editor

Home buyers need more 'skin' in the game

Re: 'Last ditch attempt to preserve seller-funded gifts' (Aug. 4)

Dear Editor:  more...

Aug

14
2008

The Global Real Estate Connection

In his book, "The Post-American World," Fareed Zakaria offers a blueprint for the United States to participate in the growing world economy -- not as a bully, but as a partner.

He describes how fear-driven parochial isolationism is eroding our position as a leader on the global stage, and how arrogance could cripple our economy and our way of life.

I agree.  more...

Aug

12
2008

Real estate's July report card

In recent weeks, we were in several meetings where analysts made the bullish argument that affordability had improved to the point where home prices could fall no further. While affordability has indeed returned to normal levels (as shown by the 5.2 reading on our Housing Cycle Barometer below (click here for an explanation of the barometer), we beg to differ.

 more...

Aug

8
2008

Letter to Editor

'Good agents charge full commissions'

Re: 'Real estate commissions are negotiable -- if you ask' (Aug. 5)

Dear Editor:

Lower commissions? Not if you want your home to sell. Think it through -- it doesn't make sense.

I agree that a lot of bad agents are starving in a buyer's market and discounting their services, but do you really want a discount agent who can't even stand up to the seller on their commission rates negotiating a contract for you?  more...

Letter to Editor

The law is clear about real estate steering

Re: 'Real estate firm charged with racial discrimination' (July 31)

Dear Editor:

It is beyond belief that anyone would take the time to intentionally steer or guide people seeking professional help to find a home. Offering the buyer a simple list of homes that meet the buyer's guidelines of the size, bedrooms and geographic areas is very simple. People can live where they want and have the right to do so.  more...

Aug

6
2008

Death of the listing presentation

The death of the listing presentation cannot come soon enough for me. I have reviewed thousands of these presentations and the indisputable fact is that they all basically look the same, feel the same and clients could really give a damn about most of their content. Potential clients stare at the flip chart or PowerPoint presentation that reveals silly pie chart market share graphs, branding graphs that range from 94 percent to 99 percent awareness, print media outlet programs, open house campaigns and personal production awards that are deceptive at best.  more...

Aug

1
2008

Letter to Editor

Feds' fixes for housing are 'ridiculous'

Affordability continues to move down because real wages continue to move down. Even with lower house prices wages have not kept up with inflation. Now the United States is struggling in the world economy, and the concern of rising wages makes us less competitive. It is a Catch 22. If wages rise to keep up with inflation then American companies cannot compete with imports, and exports will be less competitive. If wages stay down then American families struggle more and more every day to survive. This is much more than a housing crisis. The fixes the federal government is attempting to apply are ridiculous. They do not address the real issue.  more...

Jul

21
2008

Real estate's June report card

In the markets that matter, listings are now running relatively flat year-over-year. Each month, we painstakingly compile listings in the major markets of the country. As shown in the green and dotted line in the chart below, listings are now approximately the same as they were one year ago. They tend to be declining in the worst markets in the country (like Florida and California, where they are declining from very high levels) and rising in the recently distressed areas such as Texas and the Carolinas.  more...

Jul

18
2008

Letter to Editor

'Where there is smoke, there is fire'

Re: 'Feds close down IndyMac Bank' (July 11)

Dear Editor:

The old adage, "Where there is smoke, there is fire," comes into play here. We have lots more (closures) to go. This is a repeat of the early 1990s when all of us taxpayers had to pay for the shenanigans of the savings-and-loans.

Now you're going to see Congress bailing out banks and other lenders. How the system is going to work without a secondary funding market is going to be fun.  more...