The California Association of Realtors is pushing a new proposal: C.A.R.’s Portability Initiative would allow homeowners 55 years of age or older to transfer some of their Proposition 13 property tax base to a home of any price, located anywhere in the state, any...
Realtor
N.A.R. Says Your Home’s Value Will Drop
This has to be one of the most irresponsible pieces of propaganda ever distributed by a trade group who is supposed to be helping their members. Declaring that people will lose more than 10% of your home's value is pure scare tactics, and it could cause a...
NAR 2018 Forecast
The N.A.R. Annual Conference is wrapping up this weekend. Yunnie revealed the N.A.R. Forecast for next year: Existing-home sales will finish 2017 at a pace of 5.47 million, the best volume in 11 years, but only a scant 0.4 percent higher than last year’s 5.45...
Realtor Portal Update
In spite of his cheesy style and odds stacked heavily against him, Greg is still pushing for his realtor-owned search portal to take over the internet. He is shooting for $1,100,000 in donations to make it happen, and so far he's generated $241,000 - more than I...
Off-Market Sales
Two things never discussed about off-market sales: 1) Every agent signed an agreement to share their listings with other agents. 2) Nobody reads the forms before signing. http://www.berkeleyside.com/2017/09/26/sell-east-bay-home-off-market-probably-not-exceptions/...
Realtor-Portal Fundraising
The fundraising has begun for the building of the realtor portal: https://fundrazr.com/StopZillow-PreLaunchTeam Greg should disclose the secret weapon mentioned - because if the new website isn't substantially better than Zillow, then we are wasting our time and...
More on Realtor Portal
The realtor industry has given a huge head start to Zillow and the others, so it would take a herculean effort to build a new/better portal to squash them. Here is what Greg has said about the features to expect on his realtor portal: * A "secret sauce" differentiator...
New Portal Built by Realtors?
The guy who started the StopZillow campaign wants to build a new real estate portal which would be controlled by realtors - he discusses the details here: https://youtu.be/rv2SiGrw870?t=2m47s An excerpt from the leadership team's email announcing that the pre-launch...
CA Realtor Survey
On Your Last Transaction...... The percentage of properties selling below asking price remained flat from last year at 36%. The percentage of properties selling above asking price increased from 34% last year to 35%. The percentage of properties selling at asking...
Redfin IPO
The Redfin IPO has been announced, and people are wondering what effect it could have on the home-selling business. Notorious Rob started with the impact on brokerages: http://www.notorious-rob.com/2017/07/the-impact-of-redfin-post-ipo-part-1-brokerages/ I agree with...