real estate

What is Zillow and should realtors be afraid?

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Zillow.ca is unlikely in 2008, but should be on the short list of international expansion.  Zillow represents itself as a real estate media company, a kind of national real estate marketplace.

Should Canadian realtors be afraid of Zillow? Ian Watt asks the question and the Zillow rep does some skillful dancing. What do you think?

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Desperate Seller in West Vancouver

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Realtor asks why not buy when everyone else is selling?

Easy, 'cause prices are still going down.

Includes some illuminating comments from Alan Angell about the state of the West Vancouver market, a market full of rich people.  If all these rich people are so desperate to sell, what do you think that says about where those sellers think the market is going?

"This is a frustrating market for sellers..."

Not as frustrating as it is for real estate agents...  No sale = no commission.

Boo hoo in West Vancouver, the rich can't afford to move...  boo hoo!

Comments?

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Real Estate Market Update - August 08

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Nicholas Meyer calls for a roll-back to 2006 levels on prices.  In Victoria, that would take the average price of a single family home back to around $521,000 for the VREB area.   In Vancouver, that looks like $584,000.      
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Realtor Loyalty

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Vancouver realtor Ian Watt gets worked up about a buyer who had a bunch of realtors working for him.  Do you agree that a buyer owes any loyalty to his or her realtor?

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