Brad Inman interviews Craig Newmark of Craig's List

Day One

of Real Estate Connect New York 2010 was overflowing with what’s ‘hot’ and gave hints of where we’re going in the current real estate market and the economy. The big concerns going forward stack up as 1. the federal government’s withdrawal from the secondary - securities market; 2. the ending of the government tax credit for first time home buyers; and 3. the overwhelming amount of money the fed’s have put into the economy in general. One panel’s concern was that the amount of debt homeowners had taken on prior to the ‘crash’ still hasn’t been worked through yet.

Dennis Crowley and Lance Fulford at Real Estate Connect NYC 2010

Despite concerns about the general economy, innovation continues unabated. Two guests who ‘wowed’ the group were listening to the founder of Craig’s List, Craig Newmark and the founder of a new up-and-coming mobile application, Foursquare, Dennis Crowley. If you’re not familiar with Foursquare, Dennis has taken gaming technology and applied it to a mapping application which leads to fun and ultimately (in some cases) improved behavior modification in the sense that you earn badges for going to the gym for example. And at the end of the year, you get an analysis of where you’ve spent your time. Really appears revolutionary. Mobile applications are the next wave.

There’ll be more information and fun today. I’ll keep you posted.

Lance

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