On the Illusion of Bubbles

One out of every 115 people, and if you deduct kids, one out of every 85 adults in the U.S. is now licensed to sell real estate. So we have an over abundance of agents. Walk your dog around the…

#9 of Real Estate SEO Myths

3. Directories-Get your site into the directories. They are a source of many 1 way links. There are many real estate directories. Submit yours thru a three way trade.

4. Articles. Articles are the secret weapon amongst online marketers for easy one way links. They are natural because they are original content.

Just don’t post a bunch of what I call real estate drivel. You know the crud that was out pre-internet back when I was in the business. Stuff like, It is a great time to refi when…, When to Go Fixed VS ARM. This stuff has been beaten to death and you more than likely will not do the subject justice.

Write about your market. You can take those same topics above and write about them and how they apply to your market. That would be a winner.We run a new Article Directory just for real estate. …

St. Louis Suing a Convent, a Saint, a Nun and a Wheelchair Bound Senior

Ah, the greed of a developer and the threat of new laws aimed at stopping them. The St. Louis Redevelopment Agency in its eagerness to avoid following the legistlatures decision, rushed an eminent domain takeover lawsuit to remove property from a Wheel Chair Bound senior citizen who has a long term lease on a property [...]

On the Bubble Meisters

I cannot figure out why these blogs on a real estate bubble have cropped up all over the web. Its almost like they are invested in a big real estate bust. But why? Are they secretely hoping real estate falls…

The Ranch House, One of the Greatest American Architectural Achievements?

While one may disagree that the ranch house is one of the great architectural achievements of the 20th century in America, I do, an interesting article in the Washington Post talks about the influence of future building styles that was created by the ranch house.
The ranch house is ubiquitous in surburban America. It does [...]

2006 According to Lereah

I thought as we are winding up 2006, it would be interesting to check the forecasting ability of real estate’s favorite prognosticator, David Lereah, chief economist of the National Association of Realtors (NAR).  We do have a bit of an advantage, since we’ve got that 20/20 hindsight.  Here’s what this year’s national home sales (seasonally [...]

5 Things you probably didn’t know about me.

I got tagged from Trisha’s Blog to play a little game of “5 Things you probably didn’t know about me.”.  Thats cool, this actually gets me started back writing on my blog.  I haven’t submitted a post in over a month, call it an extended “Blog vacation”.
Here goes:
1) I’m a cancer, so the topic of [...]

Sales Down, Median Price Up

It’s mixed news from the California Association of Realtors®. The CAR reported last week that home sales decreased 22.2% in November in California compared with a week ago, while the median price of an existing home increased 1.4%. According to CAR President Colleen Badagliacco, the market appears to have stabilized after some fairly steep declines in sales during the first half of 2006. The median price of an existing, single-family detached home in California was $555,290 in November, up from $547,870 in November 2005. The unsold inventory (which indicates the number of months needed to deplete the supply of homes on the market at the current sales rate) was 7.4 months as of this November. At this time a year ago, it was at 3.6 months. And one bit of good news for buyers especially: the 30-year fixed-mortgage interest rates averaged 6.24% during this November, compared with 6.33% in November 2005. And no surprise to anyone who pays attention: the median number of days it took to sell a single-family home was 70 days in November 2006, compared with 39 days a year ago at this time.
Here are the numbers for the Sacramento area:

Median price (November 2006): $365,000, down from $367,270 in October, and down from $379,930 in November 2005
Percent change in price from October 2006: -0.6%
Percent change in price from November 2005: -3.9%
Percent change in sales from October 2006: -10%
Percent change in sales from November 2005: -24.5%

Yankee’s Buy Boston’s Hancock Tower

Not completely, but Boston’s famous Hancock Tower was sold to a New York company, Broadway Real Estate Partners, as part of a 1.3 billion dollar deal. If I was a Boston native, and a Red Sox fan, I would be less than thrilled to have New Yorkers owning their landmark building.
Beacon Capital Partners selling [...]

Fannie Significantly Undercapitalized 02Q4 & 03Q4

The Safety Net That Never Was – Part XXI
I don’t know how she did it with everything else exploding around Doom Castle yesterday, but Twist picked up on this [1] mildly startling OFHEO press release. Once again, an important Fannie Mae story has been slipped in during a period of slack attention, hidden [...]