Showing posts with label RE Agent. Show all posts
Showing posts with label RE Agent. Show all posts
Saturday, January 27, 2007
Thursday, January 25, 2007
REMAX Housing Article.
I just wanted to say thanks to 1130AM for doing a non-biased report on this REMAX claim. 1130AM reported, Housing had an annual return of around 5% while the Stock Market would have given you a return of around 10%. They also mentioned that Housing was a lot more volatile over the last 25 years. Furthermore they didn't even mention the RE Industry or REMAX.
Yesterday, REMAX claimed that the Canadian Housing Market had a 11% yearly return on your investment over the last 25 years. The true return was around 3-5% if you use compund interest. It was blatant Spin to encourage people to purchase RE, which was proudly published by our mainstream media. Another thing they failed to mention was the Stock market would have yielded a far better return over the same period. I think most media sources have changed this error in their reports, only after the public brought it to their attention.
A lot of Blogs, yesterday had postings on this where you can get the anti-spin.
Yesterday, REMAX claimed that the Canadian Housing Market had a 11% yearly return on your investment over the last 25 years. The true return was around 3-5% if you use compund interest. It was blatant Spin to encourage people to purchase RE, which was proudly published by our mainstream media. Another thing they failed to mention was the Stock market would have yielded a far better return over the same period. I think most media sources have changed this error in their reports, only after the public brought it to their attention.
"Nationally, the compounded annual rate of return is 5.3 per cent, the real
estate firm said, correcting an earlier release that said average home values appreciated 11 per cent annually over the 25-year period." Globe and Mail
A lot of Blogs, yesterday had postings on this where you can get the anti-spin.
- Math-challenged. Economics-challenged. Reality-challenged
- Realtor Math Invades Canada
- Home values see annual double-digit rises: Re/Max
Remember this every time you see an article in the Paper that quotes the RE Industry. They have a vested interest in you buying and selling your house. It is nothing more than an advertisement.
Monday, January 22, 2007
Discount House Sales, COMFree in Lotusland.
ComFREE in Lotusland
'Peg firm takes on Vancouver market
By CHRIS KITCHING, STAFF REPORTER
"Winnipeg-based ComFREE Real Estate -- Canada's largest private sales company -- is expanding into the country's steepest housing market. "
""Vancouver's market is about the same as Winnipeg in a way. It's slowing down (but) being Vancouver, of course, everything is hugely inflated by Winnipeg standards," Dunlop said. "It's a natural market for us. There isn't any market that isn't.""
"We're always going to grow, the MLS is always going to shrink," Dunlop said. "We're probably within a couple years of putting the MLS out of business in Edmonton, which would be the first time that's ever happened."
"Dunlop said ComFREE's franchise in Edmonton controls a third of the market in Alberta's capital city. It has made a bigger splash there than it has in Winnipeg, where it was founded a decade ago." Full Article.
'Peg firm takes on Vancouver market
By CHRIS KITCHING, STAFF REPORTER
"Winnipeg-based ComFREE Real Estate -- Canada's largest private sales company -- is expanding into the country's steepest housing market. "
""Vancouver's market is about the same as Winnipeg in a way. It's slowing down (but) being Vancouver, of course, everything is hugely inflated by Winnipeg standards," Dunlop said. "It's a natural market for us. There isn't any market that isn't.""
"We're always going to grow, the MLS is always going to shrink," Dunlop said. "We're probably within a couple years of putting the MLS out of business in Edmonton, which would be the first time that's ever happened."
"Dunlop said ComFREE's franchise in Edmonton controls a third of the market in Alberta's capital city. It has made a bigger splash there than it has in Winnipeg, where it was founded a decade ago." Full Article.
Sunday, January 14, 2007
Bought Real Estate in Naples during the Housing Boom?
If so you may want to take a close look at this Report. Naples Real Estate Market Report
I got this lead from Housing PANIC.
Condo Price Index
Average Prices per Square Foot by Quarter
vs. 12% Trend Lines from January 2001
2 Bedroom Condos, Similar Size, Similar Communities
I would say 12% annual growth, as a normal trend,has been exaggerated by this Realtor. If he went back a few more years it would be a lot less.
I got this lead from Housing PANIC.
Average Prices per Square Foot by Quarter
vs. 12% Trend Lines from January 2001
2 Bedroom Condos, Similar Size, Similar Communities
Saturday, January 13, 2007
ComFree...will they succeed?
I have been noticing a lot of Ads on the TV and Radio for ComFree, so I thought I would check them out.
Who is ComFree?
ComFree started in Winnipeg 11 years ago and we've
become the first and only private sale company in North America to take an
appreciable amount of market share away from the commissioned agents. We have
helped thousands save over $300 million in needless commission fees.
ComFree represents almost 15% of Winnipeg's resale market and that makes
us Winnipeg's largest real estate office. But, our biggest impact has been in
Edmonton. We launched in the vibrant, fast-growing Alberta capital just five
years ago and now command more than a third of that market. That means one out
of every three homes in Edmonton is listed with ComFree. We're the largest real
estate company in that city and that's a North American first for a private sale
company. FAQ's
It will make the future of Real Estate more interesting if Real Estate Companies are listing internationally. There will be more exposure for foreign investors etc.
I think I am going to look for a summer house in Perth. LINK
Friday, January 12, 2007
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