Archive Monthly Archives: November 2008

Mortgage Rates Plunge Below 5% – But Does it Help Investors?

From my Daily Realtor news feed: Mortgage rates declined Tuesday after the Federal Reserve said it would spend $600 billion to support the mortgage securities market. Rates fell to 4 7/8 percent, a 1 1/8 percentage point decline. David Beadle, president of BestInfo, said it was the sharpest one-day decline since 1988. “I hope that […]

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Posted by Steve
10 years ago

Using Twitter as a Focusing and Productivity Tool

I wrote recently about Social Media tools and whether they can aid and assist Realtors in selling homes and acquiring leads. I am skeptical of whether¬†these tools, such as Facebook and Twitter, provide a sufficient return relative to the time invested in using them. Well, I had enough feedback and counter-points offered to me in […]

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Posted by Steve
10 years ago

Austin Rental Market Update – Oct 2008

At my monthly Property Manager’s luncheon yesterday in Austin, the general consensus among the 30+ property managers in attendence was that the leasing market has taken a nose dive¬†since September. The number of renter calls has really slowed down. One manager remarked “I keep calling my own phone to make sure it’s working”. Indeed, the […]

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Posted by Steve
10 years ago

Austin Real Estate Market Update – Oct 2008 Sales

The number of residential single family home sales in Austin took a 28% dip for Oct 2008 compared to a year ago. The number of “Not Solds” (expired or withdrawn) took a big jump also, to 59% of all listings that departed the Austin MLS in October. These are grim numbers, but the remaining metrics […]

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Posted by Steve
10 years ago

Redfin Abandoning Failed Model and Moving Toward Traditional Services

The discount Broker Redfin, which I follow with interest even though it doesn’t serve Austin, looks like it’s making yet another move toward traditional real estate services. Rather than facilitating the wholesale disintermediation of the traditional Realtor, Redfin instead continues to adopt more and more of the traditional Realtor approach and offer smaller rebates to […]

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Posted by Steve
10 years ago