July 2009

Northern California MLS take Leadership role in supporting REALTORS

In a move to keep REALTORS in the center of the conversation between consumers and access to local and concise real estate property informaiton, Six Northern California Associations of REALTORS agree to offer Clarus Market Matrix as a member benefit. The member Associations of of BAREIS and SFAR offering the solution include Coastal Mendocino, Marin, North Bay, Northern Solano County, San Francisco and Solano Associaitons of Realtors. In total, this agreement which pushes the customer count over 100,000 allows the California Association of REALTORS to count nearly 50% adoption of the Clarus product across the state. […]

By THE WAV GROUP|2018-05-03T21:26:24-07:00July 7th, 2009|Main category, MLS Insights|0 Comments

Will the last newspaper please shut off the lights

A year ago I blogged about the decline of the newspaper industry in a piece called“Newspapers are like nursinghomes.”. A year later the decline has accelerated. The economic crisis has hurt the newspaper industry as it has so many industries. The question is whether it will recover (or at least rejoin its slower downward path of last year) when the economy as a whole recovers; or has the economic crisis merely revealed the terminal status of the industry. I am pessimistic about a recovery by the newspapers. One reason is the current economic situation. A serious, protracted economic crisis can [...]

By THE WAV GROUP|2018-05-03T21:26:24-07:00July 5th, 2009|Broker-Agent Information, Main category|0 Comments

six real estate strategic thoughts for the second half

Our end of the month client financial reviews were hopeful for the first time this year. June seems like it turned out to be the best month of the year for brokers, and sales are ahead of cancellations for most of our technology clients. Hip Hip Hooray! Nevertheless, this coming winter may be tougher than last winter, so build reserves. We advise keeping these six covenents in mind as you plan the balance of your year. Hold Cash - Be sure to have enough cash on hand to cover cash flow shortfalls between November 2009 to March 2010. Continue to [...]

By THE WAV GROUP|2018-05-03T21:26:24-07:00July 5th, 2009|Broker-Agent Information, Main category, MLS Insights|0 Comments

You Think The U.S. Was overleveraged?
Gallery
You Think The U.S. Was overleveraged?

Main category

You Think The U.S. Was overleveraged?

in a recent article from China Daily, there was an amazing fact from The China Statistics Yearbook 2008 revealed. They found that the average home price in Beijing was 23 times a local family’s average income, compared with the international level of four to six times. Do you think they are setting themselves up for a MAJOR fall? Their government has come through with up to 30% discounts on mortgages for first time home buyers, but it doesn’t seem like that will be enough to make those loans truly a prudent investment over time. China is also experiencing irrational property price [...]

By THE WAV GROUP|2018-05-03T21:26:24-07:00July 3rd, 2009|Main category|0 Comments

Mobile Outlook 2009 – Sounds like Real Estate – It’s all about Location, Location, Location

According to the Mobile Outlook 2009, published by Mobile Marketer, a leading journal for mobile marketing, media and commerce, location-centric centric services are one of the key drivers of adoption to the mobile web. Sure sounds like great news for the real estate industry. The study goes on to say that consumers are getting used to getting content online and they are even starting to trust the medium enough to transact banking business. All good news for the future of mobile. The emphasis, however, should be on mobile’s complementary nature - it gives legs to other channels, including retail, online, television, [...]

By THE WAV GROUP|2009-07-03T15:46:31-07:00July 3rd, 2009|Main category|0 Comments

Housing Economic Summary from Jim Welsh

In Jim Welsh’s June newsletter he offered the following synopsis of where we are heading in real estate. I hope that he is wrong, but nevertheless believe it valuable enough to republish his thoughts. He is offering his opinion based upon some pretty credible data sources. Be sure to read the entire report to understand why he feels that “The combination of higher unemployment and underemployment, along with another round of mortgage resets will lead to another wave of foreclosures. This next wave will increasingly impact the mid to upper end of the price range.” […]

By THE WAV GROUP|2017-06-27T01:06:00-07:00July 1st, 2009|Broker-Agent Information, Main category, MLS Insights|0 Comments