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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (127812)	6/7/2008 5:21:15 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I agree completely that current California tax laws favor high prices. Do you have any sense of the the odds that prop 13 survives given California's dire financial situation?

To: Lizzie Tudor who wrote (127812)	6/9/2008 2:14:54 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

FL has a similar law.

To: Lizzie Tudor who wrote (127812)	6/9/2008 2:38:29 AM
From: Jim McMannis	Respond to of 306849

For real estate agents, economics of a slow market mercurynews.com eal estate agents, loan brokers seek other ways to make a livingREAL NUMBERSFOR REAL ESTATE AGENTS, ECONOMICS OF SLOW MARKET • Just 4,398 home sales closed in the first four months of 2008 in Santa Clara County, down 40 percent from the same period in 2007. • Even if one agent worked on the buyer's side and one on the seller's side of each transaction, that equals a commission check for a maximum of 8,796 agents. • There are 20,844 people licensed as real estate salespeople or brokers in the county, according to the state Department of Real Estate. Clearly not all of them are making money. • If the average price of the properties sold was $600,000, and each agent received a 3 percent commission, on average each agent would gross $18,000. But many brokerages take half that commission, meaning agents in this example would have grossed $9,000 in the first four months of 2008.