realonomics

We needed some laughs at REALonomics today so, we reached out to JibJab and grinned ear-to-ear over this wildly humorous satire. Hope you smile too!

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A few weeks ago, both NAR and the DOJ announced a settlement of the suit broought by DOJ against NAR reagrding its VOW policies and competitive restricition created by the policy.

Here is the official scripted response by NAR from Vicki Cox Golder, 2008 NAR First Vice President & Laurie Janik, NAR General Counsel. NAR President Dick Gaylord is also featured here.

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It’s a mixed bag. The new homes sales performance shows small bursts in market pockets that might be interpreted as signs of improvement. However, we cannot definitively state, “we have hit bottom” at least not yet and probably not until late 2009. However, before the bottom comes, look for more mixed signs indicating adjustments to the downward trend such as more mortgage shake out and more upheaval amoung even the stronges brokerage brands.

REALonomics believes real estate markets follow a distinct business cycle, characterized by forced change brought on by new technology advancements that redefine how the industry creates and sustains ROI. We are in what we call a “consumer trough.” The bottom occurs somewhere during this trough and the change will only be seen with the introduction and adoption of new business models that facilitate market accelleration.

REALonomics stands by its analysis that the real estate housing market fluctuates in accordance with “Power Cycles” and the next one will occur sometime in 2011; See the REALonomics Power Cycle analysis.

Copyright © 2008, MSNBC.

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REALonomics is paying tribute to Bill Gates for his contributions to business with three video posts: (The Tom Brokaw Interview, Bill’s 1992 Predictions and this one, Bill’s Last Day at the Office). Bill’s last day was filled with emotion, feedback from well-wishers and a lot of humor from around the country.

Think of how your life and business is different because of this man and his vision. Like him or dislike him, there is no question that his business has transformed life on planet earth. It’s hard to even think of life with his software, a PC on the desk, MS WORD, MS EXCEL, PowerPoint and the rest of what Bill Gates delivered. Enjoy the YouTube video, posted here as a farewell tribute.

Please post a comment with respect to how you believe Bill Gates has influenced the business world in general and the real estate industry in particular.

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Bill Gates will stand in the halls of business history as the person who transformed not only technology but entire segments of the business world with an operating platform called “Windows” that dominates the globe with an approximate 90% market share.

Upon his retirement from Microsoft, REALonomics is honoring Bill Gates and his contributions to business and of course, who could question his influence on the real estate industry? Here’s a video from 1992 with some of Bill’s predictions.

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