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Kate Ihouse Vendor

Date: February 11, 2008

I think one reason this issue is so hairy is that there are so many stakeholders involved (The buyer, the lender, the seller, the agent, the broker, the government, investors, builders, construction workers) and each one has felt the effects. The market conditions became a "crisis" when millions of people and business' become adversely affected simply by being in the sphere of real estate.

Pay attention to the articles offering tips to educate investors and seriously interested buyers (the ones who will be getting loans now). There are great pieces of advice for them as well as agents. Most feature economic factors of the region or local area. Become an expert, if you aren’t already. Do you know the top industries in the area? Do you know the unemployment rate? Do you know the rate of home-values over time? This is the time when people listen to experts. Use what is out there for your advantage!
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Rich Hudson Information Technology,  San Diego,  CA

Date: February 12, 2008

RE: Media and the Market
Katie IHOUSE
Monday, February 11th, 2008, 1:06 PM PST
I think one reason this issue is so hairy is that there are so many stakeholders involved (The buyer, the lender, the seller, the agent, the broker, the government, investors, builders, construction workers) and each one has felt the effects. The market conditions became a "crisis" when millions of people and business' become adversely affected simply by being in the sphere of real estate.

Pay attention to the articles offering tips to educate investors and seriously interested buyers (the ones who will be getting loans now). There are great pieces of advice for them as well as agents. Most feature economic factors of the region or local area. Become an expert, if you aren’t already. Do you know the top industries in the area? Do you know the unemployment rate? Do you know the rate of home-values over time? This is the time when people listen to experts. Use what is out there for your advantage!

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
 
Please make a note that iHouse.com is a RealTown Approved Vendor. They have an excellent suite of products available. Check them out in the RealTown Store and let us know what you think.
 

Rich Hudson
Director of PR/Marketing
InternetCrusade
(619) 283-7302 Ext. 602
Rich@InternetCrusade.com


 

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Kate Ihouse Vendor

Date: February 12, 2008


As it goes with economic factors, you don't know you've hit bottom until you start climbing back up. That being said I just read a  blog on Business Week by Peter Coy (www.businessweek.com/the_thread/hotproperty/ )referring to the release of the fourth annual international housing affordability survey. (Which you can link to from the article)

I thought those on this thread who are not too happy about the media headlines might enjoy a portion of the press release which slams addresses that " This follows hard on the heals of the recent “floundering effort” by US Businessweek in another irresponsible headline grabber Housing Meltdown - which missed the real market drivers completely ...."


Katie
iHOUSE Web Solutions-RealTown Approved Supplier
Marketing Associate
www.realtown.ihouseweb.com
katie.ihouse@yahoo.com
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Audrey ellen Brodie

Date: February 12, 2008

AMEN to your accurate analysis of the media's impact on a market.  In Delaware our prices for homes $250,000 have remained within 96% of listed price...while only higher end properties have experienced any type of decrease.  Regrettably, based on the media's assessment of the world of realty, even the Delaware residents are scared to buy or sell.  Buyers are waiting for that 50% decrease in price they have been praying for, and sellers are afraid to sacrific too much of their equity by jumping in now.  There is no better time to buy and sell in Delaware currently.  Only homes $350,000 and above are difficult to market.  However, we have an on-going migration of population from surrounding states that still find our pricing to be 25-30% lower than their home states.  That, coupled with no sales tax and low annual real estate taxes, makes Delaware safe haven and real estate here an excellent bargain.....despite the national media's slanted view of the market.  I'm glad Memphis  has a strong positive market also.  2008 is a good year in some parts of the country....and for resale real estate versus new construction....why can't the media be specific about the "problem" geographic locations and the segments of our industry that are in peril?
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Audrey ellen Brodie

Date: February 13, 2008

Even our local papers won't pick up on the fact that our market is not as bad off.  A number of local realtors have been interviewed and whenever they try to tell the "real story".....the media gets bored with their answer and tries to prompt them to tell the negative, inappropriate story to further terrorize the public.  Don't they have a Board of Professional Regulation we can report them to?  They are actually hurting some people that could be making their best real estate move right now due to home prices and low rates!

Audrey Ellen Brodie

FIRST CLASS PROPERTIES

302.677.0770 office

302.331.1043 cell

www.firstclassproperties.us

A Branch of Keller Williams Realty-Central DE

(302) 677.0020

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speak2me Real Estate Educator ,  Raleigh, NC,  NC

Date: February 13, 2008

I believe it was last October, the Chicago Tribune announced that the advertising revenue, Classified and Display was a an all time low. They then said that they would raise their rates and target the Real Estate and Automobile Industries as they really needed to advertise more now because of their down condition. Maybe we (the real estate industry) finally woke up about the fact that News Paper advertising doesn’t work. Why? Because the Chicago Tribune is FOR SALE!

Keep Smiling,

Rossi, Certified e-PRO Trainer
ROSSI Speaks, inc.
Edutainer, Humorist, Coach, Speaker, & Bon Vivant
E Me mailto:Speak2Me@RossiSpeaks.com
See Me http://RossiSpeaks.com
Call Me 919-846-6333 / 800-722-7543

Author of top selling marketing book
"Dog Eat Dog & Vice Versa:
9 Secrets To Put The Bite Into Your Marketing"
Signed copies available from Rossi at
http://DogEatDogAndViceVersa.com
Or unsigned at  http://Amazon.DogEatDogAndViceVersa.com

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Judi Bryan Licensed Real Estate Broker,  Carol Stream,  IL

Date: February 13, 2008

I believe it was last October, the Chicago Tribune announced that the advertising revenue, Classified and Display was a an all time low. They then said that they would raise their rates and target the Real Estate and Automobile Industries as they really needed to advertise more now because of their down condition. Maybe we (the real estate industry) finally woke up about the fact that News Paper advertising doesnt work. Why? Because the Chicago Tribune is FOR SALE!

Keep Smiling,
Rossi, Certified e-PRO Trainer
>>>>>>>>>>>>>>>>>..

 

I have a buyer client who works for the Trib and he was bemoaning the fact the real estate classifieds were disappearing.  I told him how expensive the are for how little you get for a very short period of time with virtually no positive results.  Then I asked him "so, if that $100 were coming out of your pocket, is that how you'd spend it?"  His answer "are you nuts????"

JudiB
Judi Bryan, Broker. . . . . . . . . . . email: Judi@HomesLady.com
RE/MAX Accord . . . . . . . . . . . . Direct:  (630) 605-8902
On the web: www.HomesLady.com
ACRE® Accredited Consultant in Real Estate

        e-PRO® Certified Internet Professional
ACRE® is a RealTown Approved Vendor and has its Seal of Approval
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Robert King Licensed Real Estate Broker,  Saint Petersburg,  FL

Date: February 14, 2008

 
Audrey says in regard to the (((MEDIA))):
 

"Even our local papers won't pick up on the fact that our market is not as bad off.  A number of local realtors have been interviewed and whenever they try to tell the "real story".....the media gets bored with their answer and tries to prompt them to tell the negative, inappropriate story to further terrorize the public.  Don't they have a Board of Professional Regulation we can report them to?  They are actually hurting some people that could be making their best real estate move right now due to home prices and low rates!"

Wait a minute here Audrey, are you saying the media is manipulating the Agents like the communists did in the movie "Manchurian Candidate".  You know that movie with Frank Sinatra and the soldiers that were brain washed during the Korean Conflict, God forbid we would call that a war.  Right?  Are these reporters skewing the information and creating ((terror)) on the public?  Ok, I'm with you on the dumbing down of the public through the media but I can't deny the facts that foreclosures are up prices are down interest rates are low and money supply is high.  Hmmmmm.   Wait a moment isn't that what got us into this situation 7 years ago.  Lots of money to lend willing sellers and buyers hurrying to close?  Who was manipulating everybody from 2001-2006?  As I remember, buyers were like in a feeding frenzy with exotic loans that were so attractive who cared what the price was!  So now you are saying Report these people to the DPR.  Why and which people are you talking about the deluded mind num real estate licensee who's held a real estate license since 2001 or the exotic loans by hapless Mortgage Brokers???  I can understand the Editors but not the Reporters.  Which conspiracy are we to believe?  Isn't it the Media's obligation to report the SnOOOZ?

Robert King
Broker/Consultant
Charles Rutenberg, Realtors
Clearwater, Florida 

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Brenda Masse

Date: February 15, 2008

Gail Hoffmann writes:   Please provide me some comments on this website http://bayport-condos.com

 I found this website abundant with information and easy to navigate.  The buttons on the left side work perfectly and directed me to all the information I was seeking.  Although not familiar with the area, I was directed to sites including Local Government & Health, Parks & Attractions, Education & Libraries, and Area Theme Parks.  Of course as a Buyer, I would initially like to see a general price range on the Home page before engaging too much time into the Website.  Buyer & Seller Information was detailed in Price as well as Availability and answered all pricing questions, but it took me a while to get to that page.  The photo's are great, floor plans clear and I even liked the subtle colors used on the pages making the experience visually appealing.

Brenda L. Masse                                                                                 

Prudential Fox & Roach, Yardley PA 19067
--

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Judy Aselton Licensed Real Estate Agent,  Ellijay,  GA

Date: February 16, 2008

“Maybe we (the real estate industry) finally woke up about the fact that News Paper advertising doesn’t work.”

 

Our area has seen a definite cut back by realtors in print media, whether newspaper or R.E. books.  We have not seen benefit of leads, calls, etc from them.  We recognize that the 80/20 rule is now in effect-the internet garnering the 80% of traffic.  Most astute agents, (like we ePRO’s, right!) will understand that and focus on their internet side of marketing.  It is true, as tourists in foreign territories, we all pick up the local R.E. book to see what is happening in that market.  But, after picking it up, maybe taking it home and thumbing through it a few times, how many calls do we make?  By the time we might do that, it is usually sold due to delay time between putting a house on the market and  actually getting it past a publishing guideline and into the 3 week later street delivery.  Newspapers have a daily life at best.  R.E. books may make it 6-8 weeks.  Internet can be instant or long lived-depending on whether or not the goal was reached-sale of a property!

Judy Aselton, Century 21

Blue Ridge, Ga.

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