Dec 31, 2008

Inside the Case-Shiller Housing Numbers

Karl Case, co-creator of the Case-Shiller housing price index, goes behind the housing numbers just released for October 2008. Aside from Florida, California, Nevada, and Arizona, is stability returning to most housing markets in 2009?



Dec 22, 2008

An Economic Discussion

A nice round table panel of "experts" discussing our current economic conditions, the Fed, and our future.



Dec 20, 2008

Open House! Do They Really Work?

The Realty Buzz - Open House
Open houses. Do you or an assistant hold "open homes" on your listings? If so, why? Are you simply creating a perception for your seller that you're doing everything within your powers to sell their home or do you actually have good success selling homes through the "open home" buyer traffic? Networking and lead generation is a given but, again, what about the main objective of actually selling the home?

Dec 19, 2008

Searching for Answers: Stimulous, TARP, Bailouts

Searching for economic answers. Looking for anything that will provide relief to this economic disaster. Everyone seems to have answers but no-one seems to have working solutions. This video will merely provide another perspective courtesy of Laura Tyson, professor at the Haas School of Business of the University of California, Berkeley.



Dec 18, 2008

Risky ... Really?

I don't get it. Now, don't get me wrong, putting together all of the pieces of a puzzle to get the full picture, to understand the entire story, is not easy and is usually a constant struggle. Specifically, I'm talking about Real Estate, but my comments would suffice for most anything that cycles.

Why is it when everyone should be buying real estate at bargain basement prices, only a few are while the overwhelming majority don't have the means? The easy answer is that times, economically speaking, are tough. I get it, people are losing jobs, loans are much tougher to obtain, most everything financially speaking has gotten tighter aside from the drastic drop in oil and gas prices over the past few months.

Again, why do most people find themselves confronted with these unfortunate circumstances? I thought the safe play was to simply get a 9:00-5:00 job, put your money in the bank, work until you're 72, and then call it a day. After all, investing is risky in lieu of the safety of that weekly paycheck. Right?

For me, this is where the confusion sets in. Most people don't involve themselves heavily in investing yet they spend forty plus hours a week working. For what? In terms of financial security, if this was the best, least risky approach, how come most of these same individuals are not financially independent after countless hours, days, years, and decades of hard work?

Someone should have told the likes of Warren Buffett, Bill Gates, Richard Branson, etc. Sure, I get it, these guys are different, simply ordained by a higher power to find themselves in a position of being rich (again speaking strictly in terms of finances) or, perhaps they've spent the time, devoted the effort, and dedicated their passion learning to become the best. Oh yeah, that little thing called education.

I guess if you want to have what most everyone else has (again, financially speaking), I would urge you to do what most everyone does. Otherwise, I'd spend a lot of time looking for another way. Yeah, the road less traveled. It may be a bumpy ride along the way but your travels will often leave you finding yourself alone in vast fields full of trees loaded with fruit waiting to be picked. Or, you could wait in line at 3:00 in the morning outside of your favorite store during the Holidays hoping that in a matter of hours you'll have the opportunity to fight with thousands of others to potentially get one of the five flat screen TVs advertised for half off.

Are you sure investing is risky? Scarier perhaps, but definitely not riskier than that secure 9:00-5:00. Yes, you may lose money on your investments as easily as you may get that pink slip. Don't believe me, just look around you. There's a better way but you have to spend some time looking, learning, and being. How can you afford not to?

Dec 17, 2008

The Twitter Difference

I don't need to spend countless characters explaining the potential power of Twitter from a business perspective. It's quite obvious isn't it? Networking, content, leads, the list can go on and on. In fact, we're working on a potential real estate investment project with another member of Twitter. Until Twitter, we never knew each other (more to come in future posts). Priceless marketing and lead generation for merely the cost of your time and efforts.

As with other social networking platforms such as Facebook or MySpace, more of our personalities actually come to life through our online virtual presence with these sites. With Twitter, these characteristic seem to be exemplified through the bite-sized conversational guidelines in which we are confined.

What's intriguing to me is that I actually feel like I'm getting to know people. Believe me, I know this is merely a glimpse but it's a good glimpse. We have an opportunity to see what people look like, get to read about their changing moods, where they're eating, what they're eating, where they're going, with whom they're interacting with, how they interact, their likes, dislikes, whether they're night owls, early risers, or both .... you name it, crudely speaking, we can actually begin to formulate a reasonable feel for what these people would be like in real life. Couple this with the nuggets of content that these individuals throw out from time to time, whether it be a news event or merely a topic of their interest or perhaps it's an article or video they're sharing on their blog or a TwitPic of where they're at or that of their children or that of a sunset or perhaps themselves, etc. Through my run-ons, I think you get the point.

Adding to the fascination, some people seem to change their picture daily. Some vacillate between avatars and actual pictures. Some people are festive and adorn themselves with holiday attire while others refuse to visibly partake in the holiday dress up. You have trend setters changing early into their costumes while you have procrastinators just now making the change.

Plug all of these detailed pieces of the puzzle together and you begin to get real perspective. Ultimately, video will bridge this online virtual divide by portraying us for who we are. It won't be exact as there will always be actors, but closer. Until then, Twitter's enabling us to get a much improved view and this view, in my opinion, is one of the more captivating attributes that keep us obsessively coming back for more. Now, we're actually putting a face to the name and 24-hour emotions behind our words. Real life unfolding 140 characters at a time. We may have never met but were certainly getting to know each other in a real way.

Dec 16, 2008

Fed Funds Rate - What's in It for You?

In today's FOMC meeting, the Fed cut the Fed Funds Rate from 1% to a range between Zero and .25%. Do you care? Will you be impacted? These rate cuts are directly impacting us at the Buzz. For now, very positively.

The Realty Buzz - Fed Funds Rate
When the target Fed Funds Rate was at 5.25% and the housing market was in full booming swing, we began our crusade to refinance many of our longer term rental properties.

We believed (certainly not to this extent) that the Fed Funds Rate would hold steady and ultimately begin to trend lower in time. After all, as you can see in the chart above, once the rate left 1% it slowly began to inch higher towards it resting place at 5.25%. We played our hand with our money placed securely on the "everything cycles button". It was "down's" turn.

Consequently, to take advantage of the cash that had accrued during the times of ridiculous appreciation rates experienced by many, we leveraged most of our properties using HELOC's (Home Equity Lines of Credit). The rates on these HELOC's were based on the banks margin plus the Fed Funds Rate. Our option was to lock this rate or leave it variable. Obviously, based on our thoughts above, we opted to leave our rate variable.

The Fed Funds Rate goes up, so does our interest rate and mortgage payment. The Fed Funds Rate goes down, so does our interest rate and mortgage payment. At the time, the Fed Funds Rate was at 5.25%. With today's move, the Fed Funds Rate has dropped 5% and, by the same amount (5%), so has the interest rates on our HELOC's.

You can see why the Fed Funds Rate is, in the world of finances, unbelievably important to us. Is it that important to you?

Dec 15, 2008

Second Mortgage Shock Coming?

Were subprime mortgages just the beginning of this housing crisis? The video asserts that "we are at the beginning of the second wave" with Alt-A's and Option Arms being the next major shoes to drop as these types of mortgage loans begin adjusting. The video also suggests that it's all but certain that we will see more doom and gloom. Fasten your seat belts, we're just getting started. Do you agree?



Dec 14, 2008

Real Estate Versus Stock Market

A substantial amount to listen to but definitely an interesting discussion regarding whether real estate or the stock market makes for a better investment. Obviously, you know where we stand. Where do you stand?

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Dec 13, 2008

Real Estate is Local - Markets are Appreciating?

From MSN Money - "Home prices by metro area":

The states with the greatest price appreciation between the third quarters of 2007 and 2008 were North Dakota (4.0%), South Dakota (3.9%), Texas (3.2%), Alabama (2.8%) and Oklahoma (2.8%). The states with the sharpest depreciation for the same period were Nevada (20.9%), California (20.8%), Florida (16.0%), Arizona (13.5%) and Rhode Island (8.0%).

The metro areas with the greatest appreciation over the past year were Austin, Texas (5.6%), Augusta, Ga. (5.5%), and Rapid City, S.D. (5.4%).

Of the 20 cities with the greatest price declines over the last four quarters, all but one -- Las Vegas -- were in California or Florida. The areas with the sharpest depreciation over the year were in California: Merced (42.3%), Stockton (41.4%) and Modesto (36.7%).

Hmmm. When you listen to the news you would think that all markets are as bad as many locales in California, Arizona, Nevada, and Florida. In most instances, you would never be lead to believe that prices have actually appreciated in certain housing markets throughout the country.

Yes, the national economy does impact all markets. Generally speaking, those markets that are appreciating won't appreciate as strongly as they normally would under better economic conditions while those markets depreciating will do so to a greater extent.

Needless to say, through the marvels of our present-day technology, use the endless resources available to us to discover the real truth beyond what you simply hear reported.

A simple message yet how many of you didn't know that some housing markets have been appreciating over the past year?

Dec 12, 2008

National Association of Home Builders - We Want a Bailout Too!

Add the National Association of Home Builders to the list of groups asking Washington for a piece of the bailout package. Jerry Howard (president of the NAHB) says (referring to the bailout that they're looking towards the government for), "The bill has to be as big as it needs to be." The Realty Buzz wants some too. We'll settle for one mill.



Dec 11, 2008

Nothing's For Free

I've got a great deal for you too. Just give me a call. Trust me. Wake up people. It's not really that hard to figure out, is it?



Dec 10, 2008

Housing Bottom?

Are housing indicators pointing and now trending in the right direction? Has housing turned? The buzz from different sources seems to be increasingly murmuring "yes". Do you agree? Are you finding similarities in your local housing market?



Dec 9, 2008

Paperless Real Estate Transactions?

Real Estate transactions without paper? Pulling documents together from a convenient location of your choosing? The signing of docs without having to print, sign, and then finally fax or scan / email?

Is this the new face of your real estate business? If not, will it be the future face of your Real Estate business?

Are we finally beginning to realize what will ultimately be a truly paperless society? Interesting tablet PC technology that continues to get closer to a Realtor near you.

Disclaimer: The video is very slooooow, but the tablet PC technology is worth seeing if you haven't seen it before. We have no affiliation, that we know of, to the Realtor or the tablet PC software being plugged.



Dec 8, 2008

Feeling Our Way Along

Yes, we're all in this together. Welcome to the neighbor you've never met but will soon meet. Our world is getting smaller in a good way. The Internet does have a face, millions in fact.

A commercial it doesn't have to be but as good it should be. Your brand does matter. Your content does make a difference. If at first you don't succeed, try, try again ...

Disclaimer: If spotty naughty language offends you, consider yourself warned and consider passing on watching this video.



Dec 7, 2008

Social Networking Simplified

Perhaps an oversimplification, but this video gets to the heart of the matter behind our social networking efforts. Doesn't it?

The obvious power is quite simple. Isn't it?

Yet, how often do you hear, "I don't use email ...", "this wouldn't work in my business ...", "I don't have time ...", blah, blah, blah?

Who needs all of these people anyhow? Are you sure?



Dec 6, 2008

Random Thought, Future Post?

Video blogging? Yes, no, maybe? Yes. Why? It's the future? But why? More personal interaction. Better message. More of the real you, more of the real me. Right? Time will tell. Other reasons? Most definitely. Will we do it here at the buzz? 100%, yes.

Video blogging in your future? Yes, no, maybe? Shouldn't it be? We think so.

Will people get what we just said? Did it make some sense? Yes, I think so. If not, there's time to clarify. Any questions? Leave us a comment.

What's your random thought today?

Dec 5, 2008

Yours Truly on BlogTalkRadio

Property Qwest's moment to buzzzz about what we love .... Real Estate. Did you hear us? If you didn't click the button below to hear our passion! Be patient, there's lots to hear! Get on with the business of your day, just slip us into the background while you do so. "Is It REALLY A Good Time To Buy?" We tell you.





Again, our thanks to Ken Cook for the invitation to join him on his "Real Estate and Market Talk" radio show courtesy of BlogTalkRadio. To find out more about Ken, please join him at the following locales:

Twitter: http://twitter.com/thekencook
Website: http://ken.novationmortgage.com/
BlogTalkRadio: http://www.blogtalkradio.com/KenCook/

Dec 4, 2008

Join Us on BlogTalkRadio!

We'd like to thank Ken Cook for inviting us to speak with him on his "Real Estate and Market Talk" radio show over at BlogTalkRadio!

Topic: Is It REALLY A Good Time To Buy?
Time: 11:00AM PST
Where: BlogTalkRadio
Call-in Number: (646) 929-0016
Brief Topic Overview: "Open, transparent and honest discussion about whether or not this is a good time to buy real estate."

As we stumble along, learn more about who we are and what we do! If you have the same passion that we do for Real Estate, don't miss calling in to add to the conversation!

Our thanks again to Ken Cook for the invitation. To find out more about Ken, please join him at the following locales:

Twitter: http://twitter.com/thekencook
Website: http://ken.novationmortgage.com/
BlogTalkRadio: http://www.blogtalkradio.com/KenCook/

Dec 3, 2008

Attitude is Everything

This economy is killing people! It's all around me like a crummy winter fog that just won't go away. Dark in the morning, dark during the day, dark at night. Dreariness and darkness suffocatingly everywhere.

If you're not being negatively affected by this economy, you certainly know of someone who is. Friends are losing their jobs, neighbors are losing their homes, economic uncertainty and desperation rule the roost. As real estate professionals, you know this all too well and don't need us to offer any further rationalization.

I'm certainly not suggesting that we ignore this reality, but we can't remain mired in the endless negativity of these circumstances. All of this negativity and desperation in these understandingly difficult times are draining even if your pocketbook continues to brim with bills while others are begging for mercy.

A change in your thinking is necessary. I'm not suggesting that you use "Secret" powers to pray this all away, but I do believe attitude is extremely important.

Instead of spending time concentrating on every negative economic powers working against you, why don't you spend that valuable time looking for solutions, searching for opportunities, and concentrating your efforts on moving forward rather than being forever cemented in the past?

ATTITUDE MAKES A DIFFERENCE!

Trust me, I'm 34 and have been self-employed for roughly five years now. I never believed in this attitude "mumbo jumbo". Concentrate, clear your mind, blah, blah, blah. I used to think, "stupid advice from ridiculous fools - why don't these people hop back into reality, get a grip, and wake up!"

Now, it's a vital part of my each and every day. This house fell out of contract, that tenant's moving out, eviction here, water damage over there. These tough times present valuable learning lessons that will make you stronger and ultimately pave the way for a smoother future journey.

We can't wish all of this away, but we can open our eyes, learn from the lessons being taught, and embrace the opportunity to look for new solutions.

I was once told that the deal of a lifetime comes by at least once a week. If you're too busy concentrating on what you don't have when will you have time to look for what you could have?

Please stop concentrating on all that's wrong and start concentrating on all that's right. If it's wrong, fix it. If you make a mistake, learn from it. Get your head on straight. We all know it's bad.

If you don't like the circumstances in which you find yourself, always remember it's in your power to make a change.

Dec 2, 2008

Google's SearchWiki

In a previous post (The Google Promote Button), we briefly addressed Google's new experimental feature, the little add and remove buttons, aka Google's SearchWiki. To provide additional insight, we've provided a video directly from Google giving a general tutorial on how they intend for us to use their buttons.



To this point, we're not finding a large added value in using this feature. In fact, we're initially finding the little add and remove buttons to be rather intrusive since your search results, after removing or promoting, leave you with a skewed positioning / ranking of the remaining search results indexed. If you're like us, we're continually logged-in to our Google account(s) as we use a number of their tools in our day to day operations. As a result, we're finding that we're continually having to go through extra steps to determine search results as they were originally indexed and ranked by Google if we've previously used their SearchWiki to make modifications.

Are you finding that Google's SearchWiki offers beneficial value to your online experience or, are you like us, initially finding that the SearchWiki merely complicates the beauty in Google's simplicity?

Dec 1, 2008

Perspective Matters ... Right?

Real Estate, social networking, your blog, your website, your brand ... are you getting your message across and, if you are, what does it really look like? Are you sure?





How often are we really missing out on opportunities because our message is not as clear or as important to our audience as we think it is? On this point, our social networking brand is no different than real estate, if you're not prepared to create a quality product that targets your audience than don't be disappointed when you earn less than quality results. An insultingly simple concept yet most of us fall short as we continually fail to understand who our audience really is and continue to deliver an unwanted product.

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