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GLG News by Residential Real Estate Agents

Kenneth Egan, Broker and Realtor
Kenneth Egan, Broker and Realtor
Re/Max All Cities Realty
October 31, 2006
Construction Slowdown Will Continue
Analysis of: Big Homebuilders Slow Construction (www.bendbulletin.com)
The slowdown is just beginning.It would be simply a guess to predict the future.A soft landing is only a "maybe"
October 31, 2006
FSBO (FOR SALE BY OWNERS)
By a GLG Expert Contributor
Analysis of: FSBOs (For Sale by Owners) may be LM (losing millions) (www.kathysrealestate.com)
Studies involving FSBO's and their inability to obtain a higher price or fair market value as compared to a real estate agent are flawed. Most of them have been prepared by the large franchises to combat the FSBO trend as well as to combat competition by discount real estate brokers. The reality is...
October 27, 2006
Antitrust Lawsuit is well deserved
By a GLG Expert Contributor
Analysis of: DOJ Lawsuit against NAR Moves Ahead (www.isucceed.com)
NAR is an organization that is anti-competitive in nature and deserves the scrutiny of the Department of Justice.
October 26, 2006
Land Values
By a GLG Expert Contributor
Analysis of: Agricultural Land Values Still Going Up (www.wisconsinagconnection.com)
Overall, agricultural land values have increased, but nothing in compared to residential and commercial real estate.  Agricultural land generally appreciates in the low single digits per year (if you are lucky) and has done so since the beginning of time.  Key Components of Value:- Population...
October 26, 2006
Zillow is weak
By a GLG Expert Contributor
Analysis of: Zillow Lets Real-Estate Owners Add Their Own Estimates (www.informationweek.com)
Zillow provides consumers with incorrect information about the value of their home.Consumers have a false sense of wealth because of the simplicity of these systems.Valuing a home is not complicated, but it requires adequate information and oftentimes a physical inspection of the property (at least...
Mansur Hasib, Independent Real Estate Salesperson
Mansur Hasib, Independent Real Estate Salesperson
Long & Foster Real Estate Inc.
October 24, 2006
Two Sides to Each Story
Analysis of: Everyone's a Critic (www.washingtonpost.com)
The article discusses two web-sites where visitors can weigh in with their opinions on homes for sale.There is cause for concern among some real estate practitioners that this will lead to mischief.In some cases public opinions seem to have corrected fluffy ads or remarks.
October 17, 2006
Bad News Sells!!
By a GLG Expert Contributor
Analysis of: Existing-Home Sales Decline As Prices Fall, Inventories Rise (online.wsj.com)
News Media over-hypes the so-called downturn in the real estate market - this gets readers, viewers, etc. and sells more papers.There is no basis for a falling market as job growth and the economy are good.Interest rates have been declining over the past thirteen weeks.
Kenneth Egan, Broker and Realtor
Kenneth Egan, Broker and Realtor
Re/Max All Cities Realty
October 13, 2006
Don't get too excited
Analysis of: Builders' Shares Have Been Hot, Sparking Debate Among Investors (www.realestatejournal.com)
Stocks are very sensitive to interest rates.I doubt that the slowdown is over--it just began 6 months ago.

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