The Changing..."everything!"

You don't have to be a genius to take note of changes everywhere!

In the past thirty years we have all seen some rather epic changes for the better and for the worse here inthe US and worldwide.


The End of the Cold War, the industrial and technological expansion of India and China, Globalization, The birth, growth and massive explosion of the Internet, 911, and the shock and awe of the two-front on going costly war, the world-wide mortgage meltdown and end of the most spectacular housing boom the world has ever seen, the international devaluation of the US dollar and the rapid on going rising cost of oil.

I believe we are now entering a period of cultural, social, business and financial dislocation.

Anyone, in almost any segment of the real estate business, is witnessing rapid changes galore in the industry.

These changes will create abother level of dislocation.

Governmental officials are grasping for solutions to the Wall Street and re-regulation induced financial mortgage issues and problems.

Hardest hitby the changes will be the century old models of the real estate brokerage business.

Discount brokers have already invaded both the residential and commercial sides of business.

For almost four decades the core element of the brokerage business, the Franchise system, has grown old, top-heavy and has become almost consumer obsolete. The brick and mortar "office" real estate office is as out dated as the Model T Ford.

Clients, customers and agents thrive on the Internet and cell phones. As newspapers also fade slowly into oblivion "real estate newpaper advertising" has lost it's once powerful and ultra expensive position in property marketing.

For decades placement in the Yellow Pages was essential for all Brokers and today they are these advertisement are pracically non existent.

I also belive that the coming necessary changes in the industry will come not from the top but from the bottom.

Much more to follow.

BIll McInerney