The Wheel of Fugly

I’d like to welcome our sellers to the Wheel of Fugly…where market stats are going to make you cry. Category is INVENTORY: Here’s the puzzle: __.__% ____ ________ ____ ___ ____ ____ ___ ____. Spin the wheel: Oh, you got ugly. Spin it again: Ugh, ugly again. That’s a bummer. Well, you’ve got a plethora…

The road to real estate

Real estate is easy…just work 20 hours a week and you’ll make millions! Seriously. Just make sure to hit up your mother’s sister’s cousin’s best friends and you have it made. You see those houses on the lake? You can HAVE one of those, just sell real estate. The road to real estate is easy…

The secret not so secret workings of the MLS

As many of you may be aware, the DOJ and NAR announced a settlement regarding the NAR’s VOW (Virtual Office Website) rules. As news of this moved throughout the internet, people took sides. A poster in a forum had written with the settlement that online house shopping would become easier. I replied that house shopping…

Are you a ripper?

Yesterday my son was tripped up when running with our dog. Like superman, he flew forward and ended up with a nice “road rash” along his leg, elbow, and hands. With some TLC, neosporin, and lots of bandaids, he was ready to rock. Later in the evening, I wanted to pull off the bandaids too…

Another real estate bandaid

Karen Webster recently wrote about the agent responsibility act that is going to be effective in Michigan starting July 1, 2008. What this law does is require people to check a box indicating they understand what services they are not receiving. This law came about due to the concerns that consumers really did not understand…

A decline in builder confidence

The National Association of Home Builders released a statement yesterday that builder confidence is down. “Home builders remained considerably downbeat as market conditions continued to erode in May, according to the NAHB/Wells Fargo Housing Market Index (HMI), released today. The HMI fell a single point to 19, bringing it within one point of the record…