“Realtors Property Resource” I actually discussed the idea with a University of Minnesota Computer Science professor 5 years ago (or was it 7?), but ultimately decided not to pursue anything. Or should I say, couldn’t find any investment capital to back it (admittedly, I didn’t look that hard). The idea? To convert megabytes of...Read More
Stealth Factor: ‘% of Original List Price Received’ “Sellers received an average of 95% of their list price, up 3.6% from July, 2011 and well above the 88.3% seen in early 2011.” –“The Skinny“; August 10, 2012 While everyone focuses on “headline” gauges of home prices — indices compiled by Case-Shiller, MAAR, etc. — they’re...Read More
Quality vs. Quantity What’s the difference between a “retail” Realtor price opinion and a “wholesale” price opinion? (my terms) With the former, the listing agent casts a much broader net, issuing a blanket invitation to, say, all their office colleagues to view the home at a particular time. The catch? In practice, the Realtors who...Read More
Backdoor Price Increase Perhaps the key issue in housing at the moment — besides the just-released March Case-Shiller numbers showing that housing nationally touched a new low — is the initiative by lenders and some in Congress to mandate 20% down payments. In theory, the proposal makes a lot of sense: Buyers who put down 20%...Read More
