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Yes, good point. There may have been no Zillow, Redfin, or CBBain or JLS 2.5 years ago with sold data at consumers fingertips, but there were plenty of contrarion viewpoints on blogs talking about a major real estate bubble.

I’m really uncertain that anything could have stopped the mania, even with data at the public’s fingertips. Going forward, it will be interesting to see if data collectors such as Zillow or others would temper any future run-ups. Human nature is kind of tough to harness when essentially free money is available to the masses.

It was interesting to see how certain comments from different people seem to have shifted from months earlier stances on market directions.”

S-Crow, that is indeed interesting. It’s much easier to predict rain when the storm clouds have gathered overhead. In spite of this, I doubt Ardell will ever admit she was wrong. I’m sure it’ll be more along the lines of “I was right while I was right and when it started looking like I’d be wrong I changed my tune and was right again so I was never really wrong.” In the end, it really doesn’t matter much, though, except maybe to the last clients who were advised to buy right before her outlook changed.

The 6% commissions are quiclky coming to an end. 5% is now rampant in the Major Brokerages and I’m here to tell you it will become far less then that. In the end the consumer will win for they will finally be given a choice.

Educate yourself Washington!

Ray Pepper
http://www.500Realty.net

(1990s) It was a time when most of Realtors were without their own web page. We were one of the firsts who have started to offer on the internet. We were able to get a great advantage by this step and it was also the time of our strongest growth.

As Real Estate agents and companies began plying disinformation about Real Estate products, the public got caught up. I think the strongest evidence is that it’s a global phenomenon.

Speaking on the issues with moralistic pragmatic solutions, with real environmental growth mitigation and carbon footprint reduction, is omitted by most MSM. But make sure to recycle though…lol

I would add too, diversity preaching and education, without simultaneous world and local overpopulation mitigation science incorporated in our Seattle schools and news sources, is “vile brainwashing” by corporate controlled news sources and our government. Its definitely not progressive or old fashion Democrat at all either.

Its probably the root cause of the Seattle real state price decline with subprime mess and definitely Orwellian in nature. Will Hillary, Barrack or McCain pull us out of this mess without growth control? Absolutely not.

It’s All a Big Tangled Mess

You are just parroting the “party line”. Learn to question the reasons and motives of those who provide the official version of anything. Budde was a hit man and he promised to replace the message boards after saying they were down “temporarily”… They never were reinstated.

I don’t want to see blogs like Tim’s shut down for some flimsy reason just because the NAR pulls some strings in Washington. Who among us should be entitled to put caveats on “free speech”? That is a very slippery slope…..

“Free Speech” is only such if it is completely uncensored….warts and all.

Remember the old Yahoo Message Boards that were “shut down” in late 2004 when a WallStreet hack (Neil Budde) was brought in to “cleanup” Yahoo News? The excuse was a few vocal posters dominated/abused the boards but it is clear in retrospect the act was to “defuse” a growing political backlash against BushCo. Don’t think the same thing couldn’t happen to blogs…

Oh can it – they shut it down because it was a pure cesspool of profanity. Nothing else. Your BDS is out of control.

We see bloggers writing like mad, and giving their version of events,
we see real estate agents, escrow professionals and mortgage
people chiming in too – but what we don’t see are the economists. We see
quotes by them from bloggers, but lack a direct conversation.

I question too, when EMPLOYERS are going to realize that their
employees are spending so much time during work hours blogging,
not only about real estate, but about their dogs, their cars, their
passions. If you look at the blog times for many posts, you have got
to wonder, is any work actually getting done? :-)

And, what a lot of bloggers don’t realize, is that no one pays attention to
NAR, except them.

The problem is, once the belief in appreciation goes away, it suddenly seems stupid to mortgage oneself to the hilt for a space considerably inferior for what you could get renting, so the housing market freezes up until prices readjust to reflect the new expectations.

The NAR and the MSM are not impartial and hence news is filtered thru agendas. Blogs on the other hand provide a much more impartial take on what is actually going on. Consequently, one can get a much clearer picture of truth/reality on a blog than any “controlled” communication medium.

And the collective IQ of the blogosphere is much higher than the MSM “news readers” and their handlers. And all of this makes blogs “dangerous” to the ingrained power structures in this country.

One has to wonder whether blogs will eventually be “shut down” so the power structures in this country can resume monopoly over news and “truth”.

Remember the old Yahoo Message Boards that were “shut down” in late 2004 when a WallStreet hack (Neil Budde) was brought in to “cleanup” Yahoo News? The excuse was a few vocal posters dominated/abused the boards but it is clear in retrospect the act was to “defuse” a growing political backlash against BushCo. Don’t think the same thing couldn’t happen to blogs…

It was interesting to see how certain comments from different people seem to have shifted from months earlier stances on market directions.

With Zillow’s Stan Humphries arguing that their Zindex model may rival that of Case-Shiller and reporting challenging market conditions, it’s interesting to see how they “manage” their reporting without alienating the very advertisers/industry they wish to obtain data from. It is quite a balancing act and they seem to be very good at it.

Wholeheartedly agreed with your comments, and one addition: In 1990, the NAR must have had a strong grip on the market with their market data (Although I’m too young to know for sure). Now, we have Shiller’s price index, and various other institutions improving the quality of the available data to the public. The NAR’s data is slowly but surely losing credibility as the “voice of real estate.”