What's the Next Big Thing?

By
Real Estate Agent with Sidewalk Homes

I like to think of myself as being ahead of the curve, but I confess I'm a bit baffled by the state of the real estate market right now.  So, I humbly ask all of you out there, what's the next big trend to happen in real estate? 

 A new type of loan (to combat the HUGE increase in jumbo rates - I'm in California, and practically every loan's a jumbo out here!)?

A new model for selling real estate (FSBO begat Help-U-Sell begat Redfin, etc)?

Something else?  If you think you know, here's your chance to pontificate without criticism!  Think of this as a brainstorming blog, with no bad ideas.  FIRE AWAY!

Comments (4)

Peter Whelpton
EWM Relators - Pinecrest, FL
Massive foreclosers and thousanda of homeless people.
Aug 29, 2007 08:59 AM
Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

Will,

I believe there will be a government subsidized bailout offered to those wishing to convert their high LTV adjustable  rate mortgage instruments to more affordable fixed rate products.

I also predict the rise again of small, privately owned real estate shops, operating with minimum overhead and offering personal service to listers and buyers. These will operate at first in the shadows of the big 'umbrella' companies, almost as underground operations. Thanks for the opportunity to let my mind wander.

Aug 29, 2007 09:05 AM
Eric Lowery
RE/BOOST, Lawrenceville, GA Real Estate - Lawrenceville, GA

Hey Peter.  I'm out in Atlanta and here's what I'm running into:

 There are a lot of sellers here that bought 2-5 years ago with 95-100% loans that now have little to no equity in their homes.  A few have appreciated a little here and there, but by and large many of them couldn't pay a 6% fee if their life depended on it.  So they're stuck if they're paying a traditional company.

I think that the flat-fee companies (or similarly modeled businesses) that offer more than just MLS access will start to become popular simply because sellers that are borderlined on their ability to sell will have a "better chance" with a flat-fee, full-service operation than a traditional model.

I actually blogged about this in my company blog at www.equityshack.com today specifically asking homeowners how they want to sell their homes, because these high LTV loans from the last few years are gonna bite the middle class sellers (in Atlanta) pretty hard as they try to move or relocate.   Obviously, the effects are localized, but that's what I'm expecting in the Atlanta market.

 -Eric Lowery, EquityShack.com and The Good Broker, LLC.

Aug 29, 2007 09:07 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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