2008 Real Estate / Tech Predictions

By
Real Estate Agent

 1. Zillow marginally increases the accuracy of their Zestimates. Consumers don't notice or care. They only care that they are able to watch the value of their home decrease on a daily basis.

 2. Two top level mortgage executives are indicted for fraud. One of the CEO's indicted has a very strong tan.

3. The top five real estate websites ranked by traffic are: #1 Realtor.com, #2 Zillow moving from #8, #3 RE/MAX holding steady, #4 Yahoo Real Estate up from #7, and #5 Trulia with the biggest increase from the #18 spot.

4. Fox TV creates a new reality television show called "Online Stars Compete for a Shot at Love with Blogging Bertha".  Kelly from this video eventually wins.

5. Although the real estate industry continues to stink (lots of real estate brokerages will consolidate or go out of business), and the media will continue to remind everyone how bad the market was, life will go on and the amount of foreclosures really won't be that bad.

6. Towards the end of 2008, Realtor association economists will still be saying that "we miscalculated the severity of the housing crisis, but we believe that the worst is behind us". (They will go on to state the same thing in 2009 as well)

7. Realogy announces a major restructuring.

8. Greg Swann does something really crazy and is temporarily held in custody.

 9. Redfin announces a new "fuller service upgrade" option, then is sold a few months later to a major lead generation company, (and soon after assumes the RealEstate.com name) Glenn Kelmann goes on to cure cancer or discover time travel.

10. Out of pity for the real estate industry the DOJ drops all antitrust complaints.

11. Dustin Luther is hired by Curbed as Lockhart's "#2".

12. In the midst of many more mortgage company closings, an obscure mortgage lender emerges and gains huge market share.

13. The stock price of the newly publicly traded arm of InterActive Corp's real estate division starts off the year horribly, and ends just as badly...

 14. Shackprices.com Estately continues to be the best home search site on the internet. Large real estate tech companies finally realize it and gobble Galen and his team up in a business partnership/acquisition. Galen forgets his Seattle eco friendly ways and ditches his bicycle in favor of a new Austin Martin used volvo.

15. As all media attention turns to the presidential elections, the government forgets about the mortgage crisis and ends up doing nothing to "help". Everyone breathes a sigh of relief.

16. Warren Buffet buys billions of dollars in under-priced mortgage securities. He single handedly resuscitates the credit markets confidence and turns around the real estate market. 

17. As a result of Point2's recent management changes, Point2 drops off of the radar and becomes mostly irrelevant.

18. Joel Burslem gets promoted to Vice-President of Inman News.

19. "ActiveRain Members" are named Time Magazine's Person(s) of the Year. (Shortly after Jeff Turner is named sexiest man alive)

20. ActiveRain surprises the entire industry...

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Show All Comments
Rainmaker
259,199
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600
I couldn't have stated the zillow comment any better! 
December 31, 2007 04:08 PM #35
Rainer
1,092,162
Matt Heaton
Timu Corp - CEO, ActiveRain - Co-founder - Bothell, WA
I actually think that's going to significantly hurt Zillow from a return traffic perspective.  People were much more likely to come back daily/weekly to see price increases, rather than price decreases.  How often do you check stock quotes as they go up, as opposed to them going down.      
December 31, 2007 04:18 PM #36
Ambassador
384,843
Tracy Santrock
Fonville Morisey/Santrock Realty Group, Inc. - Cary, NC
Raleigh - Cary Realtor

Jonathan,

Those are some pretty bold predictions.  I'll have to checkback next year and see if you're on the money!Best wishes on a happy and successful 2008!

newyear2.gif Happy New Year image by StarZ909Tracy

December 31, 2007 04:41 PM #37
Ambassador
1,028,614
Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
RA, CRS, Hawaii Mililani Oahu Real Estate
Okay....I understood every word you wrote....(not really ...haha) but I'm presuming (not assuming...presuming) it's just techie joking?  Have a wonderful New Year people!
December 31, 2007 05:28 PM #38
Anonymous
Anonymous
Anonymous
Great post and very funny.
December 31, 2007 07:16 PM #39
Rainer
111,189
Carole Cohen
Howard Hanna Cleveland City Office - Cleveland, OH
Realtor, ePRO

I was hoping Warren Buffett was going to adopt me actually LOL  Jonathan maybe he is also looking for a son :-)

Love #20 like everyone else although I think Carnac already got that one :-)  You had me lauging out loud for sure@!   Happy New Year, Jonathan!

Do we have to share the same cover with JT? :-)

December 31, 2007 09:42 PM #40
Anonymous
Anonymous
Marc D

A wonderful and entertaining read. 

#1 - Dead on.

#3 - Don't discount frontdoor.com 

#8 - Who is Greg Swan?

#11 - Dustin to good to settle for a #2 position anywhere.

#14 - I can see Galen trading up to a Vespa

#15 - We can only hope and pray

#16 - Personally I would feel odd making mortgage payments to Warren Buffet. But I'd enjoy making them to Jimmy. I heard that if he owned a mortgage company after you make 11 payments, he'd buy the 12th round.

#17 - As a result of this prediction Real Town blog creates a new TagCloud titled Wanted DOA dedicated completely to Jonathan Washburn.

#18 - I second the motion.

#19 - Jeff Turner would have a tough time beating Dan Stokich for that that title. 

#20 - Nice.

December 31, 2007 11:22 PM #41
Rainmaker
620,604
Randy Prothero
Island Style Realty Inc. - Mililani, HI
Hawaii REALTOR, (808) 384-5645
Warren Buffet could probably fix the mortgage industry.  He sure couldn't do worse.
January 01, 2008 01:13 AM #42
Anonymous
Anonymous
Greg Tracy

Nice job!

Hooray for you taking a stab at it-

Warren Buffet probably could bail out the whole mortgage mess if he wanted to.

Reology will restructure- again

Dustin will eventually end up at Zillow or some other start-up- director of IT (blogging)

Point2 will weaken as better options (blueroof360) are offered to agents.

Inman would be lucky to have Joel as VP

 

January 01, 2008 02:04 AM #43
Rainmaker
191,571
Jackie - computer-training-atlanta.com
770.498.7333 - Atlanta, GA

Very entertaining, Jonathan.  Hmmm, I wonder who this could be

From Prediction #2: "One of the CEO's indicted has a very strong tan."

January 01, 2008 09:19 AM #44
Rainer
92,342
Bob Carney
Long & Foster Real Estate, Inc. - Mc Henry, MD
Licensed MD/PA Real Estate Agent

#20 - The Subscribe buttons disappear!

 

Happy New Jonathan...I wish you great success in 2008.   

January 01, 2008 11:09 AM #45
Rainmaker
296,197
ARDELL DellaLoggia
Sound Realty - Kirkland, WA

I'm with Marc on #17...but glad he said it first.

January 01, 2008 01:00 PM #46
Ambassador
883,319
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy
I think that the million monkeys that are currently working on the complete works of Shakespeare should be re-tasked to Zillow Zestimates and fixing the mortgage crisis... A million years is a tight timeline... especially for the Zestimates, but I'm confident. 
January 01, 2008 01:25 PM #47
Rainer
188,414
Laurie Manny
Long Beach CA Real Estate - Long Beach, CA
ROFLMAO @ #8
January 01, 2008 10:30 PM #48
Rainer
53,187
Marlene Scheffer
Realty Station - Bremerton, WA
Realtor to Kitsap County, WA
I like #19, where is Jeff?   I expected a smart a$$ comment by now.
January 01, 2008 10:53 PM #49
Rainmaker
222,591
Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL
I did not expect this at all.....thanks for the laugh - I'm still laughing at blogging bertha....and where is Jeff?
January 01, 2008 11:02 PM #50
Rainer
262,055
Teresa Boardman
Saint Paul Home Realty - Saint Paul, MN
Jeff, the bald guy with a wife and six kids has still not been named the sexiest man alive?  I guess I'll have to do something about that.
January 02, 2008 06:01 AM #51
Anonymous
Anonymous
Brian Wilson

"15. As all media attention turns to the presidential elections, the government forgets about the mortgage crisis and ends up doing nothing to "help". Everyone breathes a sigh of relief."

Amen to that!

Brian Wilson, Zolve.com 

January 02, 2008 11:19 AM #52
Rainmaker
474,954
René Fabre
First American Title - Seattle, WA
New Media Marketing

Amen... my first really great laugh of 2009.

January 01, 2009 03:29 PM #53
Rainmaker
996,038
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Jonathan:  I am glad to see you predict RE/MAX will remain at such a high position... number 3.  That's a good thing !  :)

January 01, 2009 03:50 PM #54
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Jon Washburn

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