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2008 Real Estate / Tech Predictions

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Real Estate Agent

 1. Zillow marginally increases the accuracy of their Zestimates. Consumers don't notice or care. They only care that they are able to watch the value of their home decrease on a daily basis.

 2. Two top level mortgage executives are indicted for fraud. One of the CEO's indicted has a very strong tan.

3. The top five real estate websites ranked by traffic are: #1 Realtor.com, #2 Zillow moving from #8, #3 RE/MAX holding steady, #4 Yahoo Real Estate up from #7, and #5 Trulia with the biggest increase from the #18 spot.

4. Fox TV creates a new reality television show called "Online Stars Compete for a Shot at Love with Blogging Bertha".  Kelly from this video eventually wins.

5. Although the real estate industry continues to stink (lots of real estate brokerages will consolidate or go out of business), and the media will continue to remind everyone how bad the market was, life will go on and the amount of foreclosures really won't be that bad.

6. Towards the end of 2008, Realtor association economists will still be saying that "we miscalculated the severity of the housing crisis, but we believe that the worst is behind us". (They will go on to state the same thing in 2009 as well)

7. Realogy announces a major restructuring.

8. Greg Swann does something really crazy and is temporarily held in custody.

 9. Redfin announces a new "fuller service upgrade" option, then is sold a few months later to a major lead generation company, (and soon after assumes the RealEstate.com name) Glenn Kelmann goes on to cure cancer or discover time travel.

10. Out of pity for the real estate industry the DOJ drops all antitrust complaints.

11. Dustin Luther is hired by Curbed as Lockhart's "#2".

12. In the midst of many more mortgage company closings, an obscure mortgage lender emerges and gains huge market share.

13. The stock price of the newly publicly traded arm of InterActive Corp's real estate division starts off the year horribly, and ends just as badly...

 14. Shackprices.com Estately continues to be the best home search site on the internet. Large real estate tech companies finally realize it and gobble Galen and his team up in a business partnership/acquisition. Galen forgets his Seattle eco friendly ways and ditches his bicycle in favor of a new Austin Martin used volvo.

15. As all media attention turns to the presidential elections, the government forgets about the mortgage crisis and ends up doing nothing to "help". Everyone breathes a sigh of relief.

16. Warren Buffet buys billions of dollars in under-priced mortgage securities. He single handedly resuscitates the credit markets confidence and turns around the real estate market. 

17. As a result of Point2's recent management changes, Point2 drops off of the radar and becomes mostly irrelevant.

18. Joel Burslem gets promoted to Vice-President of Inman News.

19. "ActiveRain Members" are named Time Magazine's Person(s) of the Year. (Shortly after Jeff Turner is named sexiest man alive)

20. ActiveRain surprises the entire industry...

Comments(43)

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Faina Sechzer
Henderson-Sotheby's International Realty - Princeton, NJ
Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ
Jonathan -what I like most about your predictions is that unlike most in the "predicting" business you are selling yours:) Unless that's what #20 stands for:) Happy New Year!
Dec 31, 2007 05:34 AM
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re
I will save this and see how you did as of 12/31/2008. Thanks for the post and have a great 2008.
Dec 31, 2007 05:48 AM
Ryan Hukill - Edmond
The Agency Oklahoma | 405home - Edmond, OK
Realtor, Team Lead
Ha! My faves are #15 & #19. Great post!
Dec 31, 2007 06:18 AM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate
Well, a lot to digest...I'm glad Remax.com remains strong but question Trulia's rise to 5th.  I really like #6, 18, 19 and 20!
Dec 31, 2007 06:55 AM
Brian Corwell
RE/MAX Sauk Valley - Sterling, IL
Sterling, Illinois Real Estate

This was to put it mildly very entertaining on another snowy day her in North Western Illinois. I especially liked # 9 about Redfin and Glen Kehlman curing cancer and all that. After all he is THE scientist that that brought the real estate industry industry shattering new that a homeowner shouldn't overprice their home... lol

 

Thanks again

Dec 31, 2007 07:07 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes
great post. I love to be entertained when I read a blog post. You deserved to be featured!
Dec 31, 2007 07:28 AM
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com
I couldn't have stated the zillow comment any better! 
Dec 31, 2007 08:08 AM
Tracy Santrock
Santrock Realty Group Inc. , - Cary, NC
Raleigh - Cary Broker

Jonathan,

Those are some pretty bold predictions.  I'll have to checkback next year and see if you're on the money!Best wishes on a happy and successful 2008!

newyear2.gif Happy New Year image by StarZ909Tracy

Dec 31, 2007 08:41 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
Okay....I understood every word you wrote....(not really ...haha) but I'm presuming (not assuming...presuming) it's just techie joking?  Have a wonderful New Year people!
Dec 31, 2007 09:28 AM
Carole Cohen
Howard Hanna Cleveland City Office - Cleveland, OH
Realtor, ePRO

I was hoping Warren Buffett was going to adopt me actually LOL  Jonathan maybe he is also looking for a son :-)

Love #20 like everyone else although I think Carnac already got that one :-)  You had me lauging out loud for sure@!   Happy New Year, Jonathan!

Do we have to share the same cover with JT? :-)

Dec 31, 2007 01:42 PM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645
Warren Buffet could probably fix the mortgage industry.  He sure couldn't do worse.
Dec 31, 2007 05:13 PM
Jackie - computer-training-atlanta.com
770.498.7333 - Atlanta, GA
Learn to leverage technology to get more done.

Very entertaining, Jonathan.  Hmmm, I wonder who this could be

From Prediction #2: "One of the CEO's indicted has a very strong tan."

Jan 01, 2008 01:19 AM
Bob Carney
Taylor-Made Deep Creek Vacations & Sales - Mc Henry, MD
Licensed MD/PA Real Estate Agent

#20 - The Subscribe buttons disappear!

 

Happy New Jonathan...I wish you great success in 2008.   

Jan 01, 2008 03:09 AM
ARDELL DellaLoggia
Better Properties Seattle - Kirkland, WA

I'm with Marc on #17...but glad he said it first.

Jan 01, 2008 05:00 AM
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy
I think that the million monkeys that are currently working on the complete works of Shakespeare should be re-tasked to Zillow Zestimates and fixing the mortgage crisis... A million years is a tight timeline... especially for the Zestimates, but I'm confident. 
Jan 01, 2008 05:25 AM
Marlene Scheffer
Realty Station - Bremerton, WA
Realtor to Kitsap County, WA
I like #19, where is Jeff?   I expected a smart a$$ comment by now.
Jan 01, 2008 02:53 PM
Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL
I did not expect this at all.....thanks for the laugh - I'm still laughing at blogging bertha....and where is Jeff?
Jan 01, 2008 03:02 PM
Teresa Boardman
Boardman Realty - Saint Paul, MN
Jeff, the bald guy with a wife and six kids has still not been named the sexiest man alive?  I guess I'll have to do something about that.
Jan 01, 2008 10:01 PM
Rene Fabre
ARFCO Media - Renton, WA
Practicing Philosophical Eclectic of the Arts

Amen... my first really great laugh of 2009.

Jan 01, 2009 07:29 AM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Jonathan:  I am glad to see you predict RE/MAX will remain at such a high position... number 3.  That's a good thing !  :)

Jan 01, 2009 07:50 AM