I've been too busy to post!

15 Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com®

This is Realtor.coms ranking on ALEXA.com. This is a web traffic website. 15th on a Sat night at 1130. pretty suprising. maybe a leading indicator.

Sad news, economy does stink....I went back to check for an update. Realtor.com plunged to #30 and # 6 was Superhero Costumes Poll - Inside Movies Blog. Not good folks.

Oh man...where does the line for the soup kitchen start? #1 was Fifty-Dollar-an-Hour Earning Power

Not worth starting a new thread - But I received this Link, I thought would have some good info on my NCAR BIC News Brief Newsletter, I guessed Wrong - Thanks NCAR - I need more competition ;);)

zero orders in 72 hours......what is going on?

Total uncertainty is entering into the market place. Obama has "confused" the economic message and there is no confidence in the "short term"......short term probably means 6-9 months of "dead time"....more job losses, more store closings, more small business closings, more car lots gone...less buyers for homes are prices continue to drop......less listings...as sellers freeze on what to do and try for a loan modification workout.....buyers...freeze up over economic uncertainty regardless of low interest rates. REO's "COULD" freeze if the goverment decides to buy some big banks and stop all foreclosures for a 6 or 9 month time period. We all thought maybe BPO and REO would last for another few years but I am beginning to think there is a new economic plan brewing behind the scenes at the federal goverment level in an attempt to stop the stock market from hitting 5,000 or less on the Dow.....to do this requires MAJOR MAJOR GOVERNMENT INTERVENTION thus suspending all previous ways of doing real estate, banking, mortgages, stocks, etc...

I wonder what our role as brokers will evolve into...

You may get the new nickname of Mr. Doom&Gloom (or Ms.), lol

Actually I remember on one of the Biz shows in early January some were saying that O would only fain trying to fix the economy, but the true objective would be to put us into a position where more governmental intervention was really necessary - to promote his more socialistic ideas and platforms. I wish they would just back off more then anything.

I told my broker if he takes my rent out of a check again, I will sue him. Obama told me he was going to take care of all of that.

My whole point is not to scare anyone....but to be a practical, realist. Many, Many, changes have happened in the real estate market in 2007 and 2008 and that was BEFORE.....Obama. The unemployment is far worse and getting worse every month. The stock market has gone down significantly since Obama has been elected....more negative news every single day. Even Warren Buffet said today on TV, "the economy has fallen off a cliff" now that is Warren Buffet ! Now when famous billionaires start complaining and actually have the fortitude to come out and say the truth about how things really are........then that is when you know its worse then your brokerage firm has told you or what
the NAR tells its memembers. I saw my first recession in 1966 and I will tell you nothing absolutely nothing is as bad as today and it is all NO CONFIDENCE IN THE SHORT TERM !

Employment where I'm at is 85%!!!

That's pretty awesome! That's a lot of people gainfully employed.

60's were a boom in my area - Greater Chicago area, NW In. We had the Vietnam war train chugging along pretty good.

Now the mid to late 50's was a different story.

I WAS A KID -- OK

Stock market as of today is down 56% from its high....biggest drop since the great depression...Banks going down......companies going down...and a new mortgage loan modification program with even more uncertainy in it.....real estate market will continue to slide into a "freeze up" mode until people feel confident. As he did today on TV, when Warren Buffett complains that everything sucks in the economy that has more meaning and weight then anything any single realtor can say about their particular BPO or REO business as a 'snapshot" of today...Today is messed up and NO ONE.......knows what is coming tomorrow....its the lack of visibility that is the most distressing.

Here are some other samples of what Buffet said (just in an attempt to balance out all of the Chicken Littles here):

* Five years from now, the economy will be running fine. The strength of the American system will pull it through, just as it has many times in the past.

* Most banks are in "pretty good shape" and can "earn their way out" of the current problems given the low cost of funds. Banks, however, "need to get back to banking."

* Housing market could work through, or "sop up," its excess supply in as little as three years if new construction is reduced to a level below natural population growth

Just a couple of comments to balance things out....

My business is showing a 20%-25% increase from last year even with the moratoriums in effect. For the one month (February) where my clients were not affected by moratoriums, my business was up 400%. Just balancing out the doom and gloom.

And the more people like you sit around and gab about how horrible it is, it will continue to get worse. I promise.

I object and will not participate in any so-called recession. In fact, my husband tells me I'm single-handedly trying to prop up the economy.

Mr. Doom&Gloom,

Do you also realize the number of real estate companies Buffet owns across the country??

Are you about to sing a Country Western Song about this?

It is what it is - we'll deal with it as it comes - and buy stock on the way down.