Posts made by author 'Frank Malone, Managing Broker - Gulf Shores'
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27
The Business of Shelter
Not to get sappy here, but I have certainly been grateful the last few days for a warm home. Shelter is something we use daily and we can become complacent about. Shelter is normal for us. Taking my first steps outside early yesterday morning with a reading of 18°F woke me up to how fortunate I am to have a warm and safe home. Sometimes it takes extreme events to wake-up grateful!
Coming back into the house yesterday morning, I remembered a real estate sale we made in Foley about eight years ago. It was a brand-new starter home. On the first reasonably cold day following the sale, we received a call from the young buyers. They said they had tried to find how to turn the heat on but couldn't figure it out. Come to find out, the HVAC system that was installed only had a cooling function, no heat. I had never come across a situation like that...
7
Not a State of The Union, Just A Rambling Of Numbers
There are a lot of numbers and statistics that can tell us where we are in the real estate world today. Trying to find out where we are headed is another thing. In this article, Inflation Gauge Eases, Raising Chance of Rate Cut
3
Want a Penny?
After showing his two sons two purses, one with $1million in cash and the other with a penny, the father told them, "I offer the same choice to you both. This million dollars; or this single penny. Whichever you choose, you must leave it in your purse under my butler's care for one full month to give you time to think about how you will use it . . . One more thing . . . if you choose the million, you may, if you wish, draw against it as credit with my bank in town. If you choose the penny, you can also draw against it (the million), but every day you choose to leave the penny's line of credit untouched, my butler has instructions to double the contents of your purse, for as long as it is under his care."
You probably know where this story is going. One boy used the million...
17
Who Wants Some Good News?
Surely many of you have heard of Lawrence Yun who has been the Chief Economist for NAR since September 2008. Whenever I see some predictions or opinion articles by him, I make sure I read them. He was a cool head back in the Great Recession providing Realtors with the facts and figures of the housing market without the doom, gloom and emotion.
In this recent news article from FloridaRealtors.org, they summarized the Lawrence Yun lectures at the 2024 Realtors Legislative Meetings. The title of the article is
6
Dial-up, MLS Books and Picking up Keys - Now AI
It doesn't feel like I've been in real estate a long time, but I guess 27 years is a while. I do remember when the beach area did not have an MLS, and we would load The Real Estate Connection floppy disk into our only computer for our monthly update. The data was the same all month until the new book came out. If you didn't advertise in the book, your listings were not in the database. My dad remembers before computers when agents would drive to all the real estate offices and hand flyers to all the receptionists. Then, we joined the MLS and had monthly books delivered with black and white photos. Then, we got to use a dial-up connection to load our data through a DOS program in a daily dump. Also, before lockboxes, agents would schedule showings with the various office receptionists who were the keeper of the keys. Before showing property, you had to drive to...
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