I help real estate people communicate. Currently I am working with Move and Realtor.com and for seven years was the VP of Public Affairs at NAR.
I am also managing editor of Real Estate Economy Watch and UP{I Real Estate.
Steve Cook Mary, Great piece. Bill is doing the profession a great service by taking on an important issue with humor.
Steve Cook "Skeptics" may not expect an onslaught of REOs but the latest RealtyTrac release reports they are at a record high in the first quarter, increasing 9 percent from the the fourth quarter of 2009 and up 35 percent from a year ago. Sounds like an onslaught to me... On the other hand, the pending supply may not be as large as some fear. Move's latest Realtor.com survey found that the number of homeowners who would sell their homes if prices rose 5 percent fell from 31 percent to 20.6 percent over the past nine months. With all those REOs coming on market, it looks like prices won't rise 5 percent any time soon. Perhaps the pending supply will continue to shrink and be absorbed by local demand without greatly affecting prices.
