Innovation and Entrepreneurship
by Paul Mobley, MBA
From the category archives:
Today Apple announced their new iPad (a third category of mobile device with the other two being phones and laptops). I my initial reaction was that this could be a really interesting advancement for sales people of all kinds but especially the Realtor. They have already created an updated version of Keynote for the iPad [...]
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Back in 2007, at the TED conference, Kevin Kelly spoke about the how the “web” was only 5,000 days old (the internet itself is older – yes, there is a difference). He looked at where it had come and where it is going. My view is that the creation of the internet (pre-web) was the [...]
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After a three year battle, the FTC has ruled that a Michigan MLS (multiple-listing service for real estate) had unfair policies that restricted trade. They have been ordered to change their policies and provide a level playing field for all participants. The Federal Trade Commission issued an Opinion finding that Realcomp II – a Michigan-based [...]
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The National Association of Realtors has taken a major step towards a property centric MLS. The Realtor Property Resource (RPR) is not intended to become a national MLS system but it has the potential to provide vast amounts of property centric data. This is big news that has not yet been covered by the major [...]
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This year at infiniteROI we started an internship program. We’ve been blessed to have a very smart and curious intern named Kyle Chezum (a senior business management major from Biola University). Kyle accompanied me on the trip to San Jose and he had a different take on the California Realtors Expo. I asked him to [...]
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SAN JOSE – Every October the California Association of Realtors holds their annual expo. I attended, along with our intern Kyle, on Wednesday and Thursday (Oct 7-8). I enjoy this convention because it’s attended by the leaders in the CA real estate and innovative service providers. The fact that this year the event was in [...]
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Today, October 6th, the California Association of Realtors start their annual Expo in San Jose. I’ll be attending on Wednesday and Thursday and I will share my impressions with you. Last year the Expo was in Long Beach. These are some of my observations from last year. The primary focus in 2008 was on the [...]
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Social media, outsourcing, and other new tactics have been described within the real estate industry as proof of a major change in the business. People talk about them as the magic bullets for an industry that is in crisis. Most people will agree that the real estate industry in 2009 is in crisis. However, I [...]
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Jeff Monfils (a Realtor® from North Carolina) said to me yesterday… “Success is not reached through making more money or advancing your career or even by public recognition, but rather whether or not OTHERS benefit from what your hands have done.” Well said.
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What if you were given the opportunity to have lunch with Seth Godin or Donald Trump but you could only pick one. Who would you dine with? Would the choice change if you were paid $5,000 to sit down with Donald but it would cost you $5,000 with Seth? If given that choice I would [...]
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Ten years ago the reach of a small business expanded from a local sphere of influence to a global one. Initially that was great and the advantages resulted in more competitive prices, greater diversity of product offerings, and an expectation of instant results. One thing that was lacking was trust. Companies like Amazon and eBay [...]
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One of my targeted real estate brands is Homes Near Campus. As such I have been following the real estate market since 2003 near Biola University. Recently when reviewing the data I noticed a positive bounce in prices and a drop in inventory. Plus the days on market has stabilized. If this continues then my [...]
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Do you know how much actual income is derived from your business? In real estate many investors have never sat down to see how much their property actually makes for them. To see how strong the business is you should first ignore financing, income taxes, and depreciation and find out the net operating income after [...]
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Some say that greed caused the markets to over price assets. Greed causes you to take on too much risk and ignore rational strategy and conservative business models. Fear is actually stronger than both rational thought and greed. Fear leads to undervaluation and emotional transactions. How will the current market madness imapact your business? Who [...]
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The Fed failed to take action and liquidity concerns appear to have pushed up the mortgage rates today. Rates increased about 1/8% this afternoon after the announcement compared to what was available this morning. They’re trying to balance the need to stimulate the economy with the side-effects of higher inflation. With all the problems in [...]
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There has been a lot of talk lately about the housing and credit. Most people know that their properties would appraise for less now than a year ago. But did you know that the softening market by itself changes the requirements for new loans? Wells Fargo is one of many lenders that has imposed a [...]
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The secondary market for loans has dried except for “conforming” loans. This has made it hard for people to purchase or refinance real estate in an already difficult housing market. Here’s my summary of the good and bad of the Economic Stimulus Act of 2008 that Bush will sign soon sign into law: • The [...]
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