Here we are, right at the end of 2009, and in retrospect, a lot has happened in the real estate industry this year. But there has also been a lot that has not happened this year. Weren't we expecting the economy and the real estate industry to start turning around this year? I took a look back at the entire year's blog posts and articles and came up with a list of the best real estate blog posts of 2009.
1. What Can $150,000 Buy in Real Estate Around the World
A great article written by David Miller on MatadorLife.com. In 2009, it really is important to realize that the market that you are in right now is not necessarily the same type of real estate market in another location. Here is what you can buy right now (as of March 2009 when this was written) for $150,000.
2. How Maths killed Lehman Brothers
On September 15, 2008 Lehman Brothers collapsed. The writer of this article, Horatio Boedihardjo, details the calculations behind some assumptions that Lehman Brothers' team of maths and physics PhDs had put together. The document in question detailed how Lehman Brothers could make money from the housing market. And as the "housing market started to shrink, the assumptions that the PhDs made began to break down one by one. The investment now became a mistake, resulting in a stunning loss of $613 billion." This article is a must-read for anyone in the real estate industry.
3. Modern Day Ghost Towns from the Mortgage Meltdown
As the housing market declined, it effected a lot of areas of the country. This article details some of what we're experiencing in this rough housing market, towns and areas that have been turned into ghost towns.
4. They shoot real estate agents, don't they?
Want a great taste of reality and what's really going on in the real estate industry? Read this excellent article over at Salon.com. "Desperation has become a familiar face" for some agents.
5. Mint Map: Real Estate By State
Another great blog post tops our list of the best real estate blog posts and articles of 2009. This infographic details the real estate market by State (the United States). This map shows the percent of change in home sales from 2008 to 2009. Some areas of the country are up and some are way down.
6. Five Tips for Buying a Home During a Recession
This is a great overview for anyone thinking of buying a home in 2009. Here's what you need to know about purchasing real estate in 2009. Details information like making sure your financial house is in order and checking out foreclosures.
7. No Homes for Squares
While many of the top articles and blog posts on our list deal with the economy, we thought that adding this wonderful New York Times article deserved to make it into our list. This amazing home in the Aspen, Colorado area is called the "mushroom house".
8. Thirty Beautiful Real Estate Websites
While we're surprised that the Southstar Communities website didn't make this list, there are definitely some great looking real estate websites mentioned. If you're in the real estate industry, you may consider redesigning your website (some recommending doing it every year or two). Here's a great place to start if you're looking for ideas.
9. Where U.S. Homes Are Most Overpriced
In a real estate market where everyone is looking for a great deal, we are amazed that there are still overpriced homes out there on the market. Here is an interesting article worth mentioning on our list, places in the United States where homes are the most overpriced. "Homeowners still have an inflated sense of what their properties will fetch. Only 49% of U.S. homeowners believe their home's value has decreased in the past year, whereas prices have plunged for 72% of homes, according to a survey released" by Zillow.com. Find out which cities have the most overpriced homes in this article.
10. Five Great Ways to Use Twitter
What is twitter? Twitter is an easy to use, real-time messaging system for groups and friends. This article, one of our own, details the five best ways to use Twitter, especially if you're in the real estate industry.
Certainly, the year 2009 was full of people talking about the economy, and the real estate industry was not lacking. We are still seeing the effects of the economy on the real estate industry. Things are beginning to change, though, and it's refreshing to be so close to 2010, where we can start off fresh, looking forward to another year. Speaking of 2010, where are we going next year? Let me leave you with my favorite "looking forward" type of blog post.
It’s 2009, brokers. Do you know where your marketing director is?
This blog post published by Marc Davison of 1000WattConsulting.com. As we look towards 2010 it is imperative to analyze which real estate companies not only survived in 2009, but those that continued to thrive. And review the qualities of these industry-leading companies and their marketing efforts. This blog post identifies 10 things brokers should look for in a marketing director to lead their brands into the new year.