Comments for http://realiq.wordpress.com Sun, 27 Jul 2008 07:25:12 +0000 http://wordpress.org/?v=MU Comment on Inaugural Real-Time Housing Report by Ian Mariano http://realiq.wordpress.com/2007/12/13/inaugural-real-time-housing-report/#comment-26 Ian Mariano Fri, 21 Dec 2007 00:24:07 +0000 http://realiq.wordpress.com/2007/12/13/inaugural-real-time-housing-report/#comment-26 Few people can explain the state of the National Real Estate Market better than how you do it. I mean that. I say this because I have been partly frustrated in reading real estate economic reports on Bloomberg, etc etc.. and have often been lost in their overly complicated way of explaining what's is happening. The average Joe would have a hard time understanding what they are saying. I commend you and is a great example for me as i traverse the same path with the people of Reno who is just as lost as anyone in the major cities that experiences 'grenade-like' growth the past five years. -Ian http://renohomeblog.com Few people can explain the state of the National Real Estate Market better than how you do it. I mean that.
I say this because I have been partly frustrated in reading real estate economic reports on Bloomberg, etc etc.. and have often been lost in their overly complicated way of explaining what’s is happening. The average Joe would have a hard time understanding what they are saying.

I commend you and is a great example for me as i traverse the same path with the people of Reno who is just as lost as anyone in the major cities that experiences ‘grenade-like’ growth the past five years.

-Ian
http://renohomeblog.com

]]> Comment on How Low Can You Go? by Jon Boyd http://realiq.wordpress.com/2007/09/11/how-low-can-you-go/#comment-2 Jon Boyd Thu, 27 Sep 2007 11:43:32 +0000 http://realiq.wordpress.com/2007/09/11/how-low-can-you-go/#comment-2 I am an Exclusive Buyer's Broker in the Ann Arbor market. That means my company only represents buyers and never sellers in real estate purchases. (I am also this years President of our national association http://naeba.org ) Our market has been trending down here for about 2 years and we are asking the "How Low Can It Go" question here locally as well. One tool we use to predict value movement is looking at market inventory and market absorption. As an example we are currently working on buying a large parcel where there have been 7 sales in the last 12 months and there are 96 similar properties on the market now. (About 13 years of inventory.) We are certainly convinced that values will drop in this area. What we need is an equation to try and predict how much they will drop based on this level of supply and demand. Anyone have any suggestions? I am an Exclusive Buyer’s Broker in the Ann Arbor market. That means my company only represents buyers and never sellers in real estate purchases.

(I am also this years President of our national association http://naeba.org )

Our market has been trending down here for about 2 years and we are asking the “How Low Can It Go” question here locally as well.

One tool we use to predict value movement is looking at market inventory and market absorption.

As an example we are currently working on buying a large parcel where there have been 7 sales in the last 12 months and there are 96 similar properties on the market now. (About 13 years of inventory.)

We are certainly convinced that values will drop in this area. What we need is an equation to try and predict how much they will drop based on this level of supply and demand.

Anyone have any suggestions?

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