| December 31, 2007 |
|
Realty Times is presenting it's annual Best and Worst list for the tenth year in a row. That's right. It's our ten-year anniversary. For marrieds, it's the year of the diamond. For Realty Times, it's the year of the diamond in the rough. Shameless Plug Realty Times has always been innovative. This year, we've reinvented Realty Times and revolutionized personal marketing for Realtors! Think about it -- where else does any online vendor put you directly in front of consumers and make you look as good as we do? Market Conditions Reports and Real Estate Update newsletters have gone video. We make you the star of your own broadcast online! Realty Times is now a 24-7 video newscast with daily news, advice, market conditions, interest rates and much more. Watch for big news in January! Best Real Estate Forecast: D.R. Horton CEO Donald J. Tomnitz Speaking to investors in early March, Tomnitz said, "I don't want to be too sophisticated here, but '07 is going to suck, all 12 months of the calendar year." He was right. Proof Technology Has a Long Way To Go Poor results made monkeys out of Google's search spiders when the spiders failed to match news stories with the appropriate photo. News spiders picked up a Reuters story about Tim Warner CEO Richard Parsons, an African-American, but instead of posting his photograph, they chose a picture of a rhesus monkey. Google apologized, saying that's how automated algorithyms work. Best commute: Portland, Oregon Portland has the highest rate of bicycle commuters, eight times the national average. Citizens' use of public transportation is twice the national average, says the American Community Survey. The Real Estate-Really-Is-A-Long-term-Investment Award A Hawaiian (The Lo'ihi Development) development company plans to offer oceanview lots for sale. There's just one little thing -- they're under water and will be for thousands of years. Betting that global warming will eventually lift an underwater volcano called Lo'ihi to the surface, land speculators can buy $40 parcels. What they really get is a brochure and a deed, but good luck proving ownership. Not that it will matter in 10,000 years. Cappering off the evening ... . Russell Capper, who almost single-handedly ruined the cooperative nature of brokerage with a barrage of complaints to the FTC claiming they were being unfair to his startup discount brokerage, has put the shoe on the other foot. Now president of Prudential's e-commerce subsidiary Prudential Real Estate Services, Co., Capper and co. kept Zillow and Trulia from exhibiting at the franchise broker's 2007 convention. According to Sam Inkinen's blog, Capper told Trulia personnel to "pack up and leave immediately." The company was told their business model was "in direct competition with a partnership between Prudential Real Estate Affiliates and Yahoo! Inc." Apparently, Prudential charges referral fees to its own brokers, while Trulia and Zillow generate leads for free. How does it feel, Russell? Apple's iBooBoo To all iPhone customers: Full quote: "First, I am sure that we are making the correct decision to lower the price of the 8GB iPhone from $599 to $399, and that now is the right time to do it. iPhone is a breakthrough product, and we have the chance to 'go for it' this holiday season. iPhone is so far ahead of the competition, and now it will be affordable by even more customers. It benefits both Apple and every iPhone user to get as many new customers as possible in the iPhone 'tent.' We strongly believe the $399 price will help us do just that this holiday season. Editor's Choice: "The Unbelievably Bad Real Estate Photography Hall of Fame" Read this classic story about bad agent listing photos and take the funniest virtual tour you've ever been on of bad agent listing photos. Many thanks to Saskatoon agent Norm Fisher for one of the biggest laughs of the year. Certifications You Didn't Know You Needed: Divorce Specialist A Colorado financial planner has created a certification program for real estate agents to help people whose marriages are on the Rockies. (Har, har ... couldn't resist.) The Certified Real Estate Divorce Specialists are "trained in the legal and tax aspects of the divorce process as it relates to real estate." The Aurora Association of Realtors is awarding continuing education credits to attend the certification class. With one out of two marriages ending in divorce, they'll never run out of clients. The Real Estate Legend Missed By All: Bob Bruss NAR said it best: "He was thoughtful, polite and kind in both manner and word ... . His advice to consumers was straight, balanced, accurate and informative. Even when readers had questions or situations that could cause others cringe, Bob had a knack for being respectful in addressing their predicament. He set a high standard for his colleagues." As always, thank you to our readers. Next year, we'll say, thank you to our VIEWERS. |
With an award winning staff of writers providing up to the minute real estate news and advice, thousands of REALTORS® in North America reporting daily market conditions, and a nationally broadcast television news program, Realty Times is the one-stop shop for real estate information. That's why over 10,000 real estate professionals have turned to us for their publicity needs.