Bradley Inman posted his summary of takeaways from Real Estate Connect NYC this past week:
1. The trend of declining real estate commissions will reverse this year because there are more listings and fewer Realtors and because the discounters are in trouble as consumers go back to old reliable.
2. User-generated real estate content will overwhelm the industry — more blogs, more uploads and more service ratings.
3. Wall St. will introduce new mortgage instruments in an attempt to keep the housing market alive.
4. Woes in the sub-prime mortgage market will hurt liquidity for EZ home loans and will create a minor real estate scandal mid-year.
5. Several small social networking start-ups will be acquired in Q1 and Q2.
Am I crazy?
— Bradley Inman
1/14/2007 at 10:15 am
Fewer realtors? Really? I thought NAR had 1.3 million of us.