Sitting down this morning getting my Fox News fix, I noticed a release by the NAR that has me re-thinking a position I have taken…
Here is the link to the NAR news release. To summarize, the position the NAR takes is that housing will
Tag Archives: market report
Market update for Gwinnett County, October/November 2007
- Friday, 07 December 2007 23:45
- Written by Lane Bailey
- 0 Comments
As I announced back in the middle of November, there is going to be a format change beginning this month. I will be including Absorbtion Rates in the market reports now. This will give a clearer picture of the direction of the market, as well as help bring a bit of focus to the rest of the numbers. I’m also going to be stressing the listed/solds percentage to help give a better picture of the market conditions.
I also have corrected number for both
Free Milk… Get your Free Milk!!!
- Wednesday, 28 November 2007 10:56
- Written by Lane Bailey
- 0 Comments
I had an interesting conversation. it was interesting for many and varied reasons.
- There were three people gathered in place that were familiar with my blog… and I was only one of them.
- Only one of them was familiar with Active Rain… me again.
- One of them was an honest to goodness consumer.
- Nobody got punched… the Realtysaurus only pushed me a couple of times… ok, she didn’t, but she wanted to.
- The path of the conversation was VERY interesting.
So, let me elaborate.
So, he’s hit the But that’s the way I want it to be stage…
- Monday, 19 November 2007 22:28
- Written by Lane Bailey
- 0 Comments
Many of you might know that I have a three (and a half) year old son. He has graced a variety of my posts, and is one of the primary inspirations for me being in real estate… but I digress… Often.
So, while it isn’t the first time, I wanted to relay a little story involving the “Boy Wonder.”
Upon my return from the NAR Convention, my wife promptly left town… to do a little scrap-booking with her mother. She left Mini-Me in my care for the weekend. During one of our dinners, he became impatient. It went something like this…
“Daddy, is dinner ready yet?”
“No buddy, I just started it… give me a few minutes.”
“But, Daddy, I’m hungry nooowwwww.”
“Well, a few minutes ago when I asked if you were getting hungry, you said that you weren’t.”
“Is it ready yet?”
“No.”
“Yes it is!”
“No, it isn’t… no matter how much you want to change it… it won’t be ready until it is ready.”
Seems simple enough, right?
So, Lane… why are you writing this on a real estate blog?
Simple. He isn’t the only one that is prone to statements like that. I’ve been seeing a lot more of them in the last few months. Sometimes it is from those that lobby on our behalf. Other times it is from those inside the industry.
“Real estate sales are off by 15%”
“That isn’t bad.”
“The trends aren’t pointing to a recovery yet. It could happen, but we can’t know.”
“Yes they are! Everything is hunky-dory. We are already seeing the recovery.”
“No, it isn’t… no matter how much you want to change it… it won’t be ready until it is ready.”
Let me make this clear. I believe that real estate will see a large scale recovery in the next year or so… but it might not. Then again, it could be sooner. Where I have the problem is when we are faced with a difficult market, some in the NAR, and many agents simply say that everything is great. One might almost think that they feel if they say it enough, it will be so. But, just as with the media talking of values “tumbling” when they drop a few percent, saying that there is “nothing to see here” when there clearly is… doesn’t help make us look honest and transparent.
There are incredible opportunities. But, as investors know, there have to be risks. Those that get in BEFORE the recovery is piling away at full steam will get the best returns… and, as in the last cycle change, the last ones to the party just get to clean up and don’t get to play in the fun.
New pricing model
- Wednesday, 14 November 2007 10:04
- Written by Lane Bailey
- 1 Comment
I’m still out here at the National Association of REALTORS(R) Convention in Las Vegas. So far, it has been a pretty cool experience. Sorry I don’t have any pictures, I actually have carried my digital camera with me everywhere… but I haven’t even seen the strip.
So, what interesting stuff is here for consumers?