Wednesday, April 19, 2006

The Secret Thoughts of Realtors

Some realtors (not all of course) are such hypocrites. Publicly they will tell you 'all is fine; we're returning to a normal market; now is a great time to buy', etc., etc. But according to this article, privately, they're scared to death.

I asked one realtor (who contacted my by email and who reads this blog) if I started a thread just for her would she be willing to respond to potentially very direct and pointed reader questions? When she replied that she was favorable to the idea but would have to think about it because of 'concerns over how it might affect her business' I dropped the whole idea.

Some choice quotes:
If the secret worries of real estate professionals are any indication, home prices could be heading for a swoon.

When Brad Inman of Inman News, which tracks the real estate industry and is widely read by industry insiders, recently gave real estate agents the opportunity to blog about market conditions, they almost uniformly described them as bad – and getting worse.

"Normally, brokers and agents tend to sugarcoat the news; they don't want to affect consumer confidence," says Inman.


Anonymous Anonymous said...

enough already of this pathetic attempt by Mr. Innman to get people to pay for his lame blog access. This article has been posted twice already on in the last 3 days. Get with the program already

Apr 19, 2006, 10:24:00 AM  
Blogger Marinite said...

I guess that goes to show how often I read Sorry that you were so offended

Apr 19, 2006, 10:37:00 AM  
Anonymous Anonymous said...

i'm a loan broker,and i have been telling people not to buy for more than a year and to either get a fixed loan or get out,it sure hasn't helped my business any,and i have actually been told jeez tom don't tell them the truth or they won't buy...some do anyway,and i still hear co-workers say "prices have never gone down in sonoma county,they only flatten for a while" median price is down $44,000 since october,and that # is skewed upward by the sale of higher priced homes.not to mention 1990-1997,some people deserve to catch a social disease from their dogs...

Apr 19, 2006, 10:37:00 AM  
Blogger sf jack said...

anonymous #341,527

Perhaps you should start your own blog. That way you can ignore Inman, or anyone else you desire.

Come back and let us know when you're good to go.

Apr 19, 2006, 2:34:00 PM  
Blogger fredtobik said...

This blog, and the posters (including me) have stated a few times how "bad" RE Agents are, and how easy it is to become a "professional" RE Agent, but once they say something you agree with it's fodder for the paranoia you spew.

Apr 19, 2006, 3:55:00 PM  

Post a Comment

<< Home

Terms of Use: The purpose of the Marin Real Estate Bubble weblog (located at URL and henceforth referred to as “MREB” or “this site”) is to present and discuss information relating to real estate and the real estate industry in general (locally, state-wide, nationally, and internationally) as it pertains to the thesis that recent real estate related activity is properly characterized as a “speculative mania” or a “bubble”. MREB is a non-profit, community site that depends on community participation and feedback. While MREB administrators do strive to confirm all information presented here and qualify all doubtful items, the information presented at MREB is neither definitive nor should it be construed as professional advice. All information published on MREB is provided “as is” without warranty of any kind and the administrators of this site shall not be liable for any direct or indirect damages arising out of use of this site. This site is moderated by MREB administrators and the MREB administrators reserve the right to edit, remove, or refuse postings that are off-topic, defamatory, libelous, offensive, or otherwise deemed inappropriate by MREB administrators. You should consult a finance professional before making any decisions based on information found on this site.

The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.