July 2010

Why Foreclosures are really bad for home ownership
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Why Foreclosures are really bad for home ownership

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Why Foreclosures are really bad for home ownership

According to this research from Harvard and MIT, reprinted below from Housing Wire, A foreclosure reduces the value of a house by 27%, on average, and accounts for a much steeper price drop than other forced sales (like death). Despite every effort by the US Government to buoy the housing market, they have not been able to stem the rash of foreclosure. This is not necessarily being brought upon us by the worse employment market in history. It is compounded by “Strategic defaults” that continue at an alarming rate. These are defaults by homeowners who can afford to pay their mortgage, but choose [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 27th, 2010|Main category|0 Comments

The future of online advertising

There may be an opportunity now for MLSs to partner with Newspapers to provide the services offered to them by Trulia, Zillow, and Homefinder - but will they? For those of us who are old enough to remember the birth of online advertising, you will recall its first steps - text descriptions of properties. It was a simple construct - take the news classifieds and make them viewable online. Then came the birth of .jpg compression - allowing film to be scanned and published online. The publishing industry and the early MLS industry understood this process only too well - those [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 26th, 2010|Main category|0 Comments

MLS needed for Social Media Pilot Program
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MLS needed for Social Media Pilot Program

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MLS needed for Social Media Pilot Program

WAV Group has been working with many MLSs to understand the complex balance between protecting MLS content and supporting the needs of subscribers who are looking to publish listing content on social media sites like facebook. A technology vendor is seeking an MLS partner help pilot a program. The goals of the pilot are to insure that the product does the following. 1. Supports agents and brokers who want to publish their listings to facebook 2. Protects MLS content digital rights and adheres to MLS rules and regulations 3. Provides ease of use for agents and brokers If you want [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 21st, 2010|Main category|0 Comments

Third Parties making money from disorganized real estate

My Rant - WAV Group has been pretty outspoken about third party listing websites. They exist because brokers, MLSs, and Associations have not elevated their thinking about listing syndication. I think that it is time for CMLS, NAR, Realty Alliance, or some mutual benefit organization to step up and harness listing distribution and revenues from listing distribution to return revenue to its rightful owner - the brokers. Here are the problems 1. Data that appears on third party listing websites is grossly inaccurate - as high as 40% in some markets. Inaccurate data leads to bad leads, irritated home buyers [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 9th, 2010|Broker-Agent Information, Main category|0 Comments

A lesson from a departed friend – Chris Warner

We write so much in our industry about stuff. Stuff like technology, politics, data and other topics dominate our blogs and daily reading but today I want to share a few thoughts about a person that many of you may not know, Chris Warner, who was very important to me, and others, in our early days in our industry. Chris recently passed away. Chris and I, like many of our cohorts in our industry, worked together at PRC Realty Systems in the 80’s when the whole MLS industry was in the process of becoming computerized. I actually learned of Chris’s [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 7th, 2010|Clients, Main category, MLS Insights, Our Company|0 Comments

RE Technology updates server environment
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RE Technology updates server environment

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RE Technology updates server environment

All very cool and exciting stuff. We are very fortunate to be positioned on the intersection where the primary fiber optic passes between the United States and Asia. From San Luis Obispo, the fiber gets split and moved north to San Jose and south to Los Angeles. RE Technology is pleased to announce our hosting facility has levereged this location in to improve our services. Over the last 18 months, our hosting partner planned Northern and Southern backbone upgrades, as well as peering and transit hand-off upgrades at RE Technology hosting locations in Los Angeles and San Jose. Up until [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 1st, 2010|Main category|0 Comments