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Working magic in dark times Premium Content

By Kris Berg, Tuesday, October 7, 2008.

I have been thinking a lot about marketing lately. Fewer homes for sale and fewer buyers have made our competitive business even more so.

We used to say, "There is enough business for everybody." We didn't really mean everybody, of course. What we meant was every licensed real estate agent. But now that everybody is seemingly licensed, everybody really is everybody, and there just aren't enough buyers and sellers to feed the hungry agent population. Marketing ourselves to make a distinction is becoming more important than ever.  more...

Glass painting tips from the pros

By Bill and Kevin Burnett, Tuesday, October 7, 2008.

Q: Sometime in the past 50 or so years, someone thought it would be nice to remodel my entire entrance hall with glass blocks. And since it was never maintained, I am sure the wall below will have some water damage.

Anyway, because of the glass, the hall is always cold in the winter and hot during the summer. And it just looks bad and worn out. I would like to paint it over on the inside. Can it be done? I'm looking for a cosmetic fix until the day comes when I can get that entire side of the hall rebuilt.  more...

WaMu failed to heed lesson learned in '80s

By Tom Kelly, Tuesday, October 7, 2008.

Twelve years ago, Washington Mutual was on a can't-miss roll.

The Seattle-based thrift had made 22 bank buys since 1983 and increased its lead over the competition in mortgage lending in all Northwest states. It was riding high on the commercial success of the "Rodeo Grandmas," a television advertisement featuring four women aged 68-92 who adoringly yodeled and roped viewers into "corralling" WaMu's new concept of free checking for its customers.  more...

Syndication: the top MLS issue Premium Content

By Inman News, Tuesday, October 7, 2008.

Syndication of property listings information is the most pressing issue facing multiple listing services, followed by data security and the real estate market downturn, according to an industry survey.

The Council of Multiple Listing Services (CMLS), a 51-year-old organization for MLS organizations and vendors, received 80 responses to a 10-question survey that was sent out to about 700 MLSs.  more...

Mortgage industry profits tank in '07

By Inman News, Tuesday, October 7, 2008.

Mortgage companies lost an average of $560 on every loan they originated last year, compared with the $50 per loan they lost in 2006, continuing a downward trend that began in 2004, according to the Mortgage Bankers Association's annual cost study.

While loan origination and ancillary fees grew on a per-loan basis, they did not keep pace with increases in production operating expenses, which grew 7 percent to $3,663 per loan, the study found.  more...

NYC home prices rise from 2007

By Inman News, Tuesday, October 7, 2008.

The average sale price of a New York City home -- which includes co-ops, condos and one- to three-family dwellings -- was $783,000 in the third quarter of 2008, slightly higher than a year earlier but down from first- and second-quarter average sales prices, according to a report released today.  more...

Truth in real estate

By Inman News, Tuesday, October 7, 2008.
 more...

Heat maps reveal politics of foreclosure

By Inman News, Tuesday, October 7, 2008.

Real estate search site HotPads today announced the launch of "Election Foreclosure Maps" that displays foreclosure rates for congressional districts.  more...

 
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