Musings
November 10th, 2007 category: Real Estate News
Jonathan Clements from the Wall St. Journal reported this story about Unloading Your Property in a Slow Market
“It could be the kindest cut of all.
Look at the prices of homes getting sold, and the property market’s decline seems no worse than a rough day in the stock market. Look at the number of unsold homes, and you realize there’s a world of financial pain out there.”
Very often, people that I run into on a daily basis usually ask me about the current status of the real estate market here on the North Fork of Long Island. I’ve told you that we are seeing recent reductions in the number of homes on the market and how that will be a good thing for the overall real estate economy here on the North Fork. Less inventory numbers in the market will help to increase demand as the supply becomes reduced. This will help to level out the recent correction of our local real estate market here on the North Fork of Long Island, New York.
James R. Hagerty at the Wall Street Journal, in his article,
Drop in Home Listings…
…“Though inventories of homes are no longer growing rapidly as they did in 2005 and 2006, they remain at a very high level in most of the country — and that has been pushing prices down in many areas. “Sellers are becoming a little more flexible in negotiating prices,” says Pat Lashinsky, chief executive of ZipRealty.”
Wow!
A fire storm has been brewing on this blog post, Informed Sellers Demand More From Real-Estate Agents…
“Just putting the home in the MLS and [posting] a yard sign is simply not enough,” an area agent quoted in the article says.
I save the best for last…and The Real Estate Tomato does not let us down this week!
Jim Cronin posts The 7 Reasons Why Your (Future) Clients Should Care That You Are a Real Estate Blogger
“Without the substance to back up these slogans, they are nothing more than sentences. Your clients and potential clients are in fact looking for an agent that has superior knowledge, rich experience, is trustworthy, offers excellent service, knows the area and cares about them.”
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November 14th, 2007 at 9:58 am
Laurie - I was recently reminded when people ask me how the real estate market is, they really want to know how it is in their neighborhood. Offering to keep them abreast of the activity in their neighborhood is wasy with Top Marketer.
This is a great article with wonderful links!
-Paula