An Exchange of Ideas

So my family and I arrived in South Lake Tahoe today at the invitation of family friends and like many times and many places around the Bay Area as we assembled after dinner, it became an exchange of ideas. I got to share with the group the progress I’ve made so far this year as I’ve gotten whole-heartedly into my  blog and really pushed myself to look at “the practice” of real estate in a whole new way. As we move technologically forward, the field will continue changing and I plan on being an innovator. It has certainly changed over the last 19 years since I started and I’m excited about how technology will creatively change it going forward.

I’m working on a new logo and website which will launch in the next month and I’ll keep you posted on that. In the interim, I’ll post events and market observations along with my thoughts on what’s happening here in our City.

I can tell you that the normal exit we see in December happened much earlier than is usual. The Tuesday Brokers’ Tour list dropped faster than I ever remember it following Thanksgiving. That could have been due to Thanksgiving falling later than it has and there only being three weeks between Thanksgiving and Christmas but the issues with lending and appraisal are still present in the market. While The Urban Land Institute 2010 Trends Report says that the new year will present “generational buying opportunities” it also says that the credit markets will remain constricted and those opportunities will only be available for those with cash. As far as I can tell this is true for both residential and commercial markets.

More to come….

Lance