RESIDENT EXPERT
Daniel McGinn
High-Tech House Hunt
Using a cell phone to find your dream home.
When my wife and I shopped for our first home outside Boston nearly a decade ago, we relied on the hottest technology of the time: Our agent sent us listings by fax machine. I'm sure there were Web sites that contained listings back in those dial-up days, but we never thought to use them. Like most buyers, we relied on our agent to find suitable houses for us. After all, that's a prime part of how he was earning his commission. And when it came time to visit properties, we didn't worry about directions—we just hopped into the agent's backseat and let him do the driving.
When my 30-year-old, tech-savvy brother-in-law bought his first home in Washington, D.C., earlier this year, he went about the process totally differently. He located most of the properties he wanted to see by himself, using real-estate Web sites and Google Maps. And instead of printing out listings to take on his house-hunting excursions, he put his laptop (equipped with a wireless card) in his passenger seat and drove around his preferred neighborhoods. When he found a for sale sign, he'd search for details online.
Just when I thought using a wireless card to engage in on-the-go house hunting was a clever strategy, now, a host of real-estate Web sites are offering an even easier way to do it. They're creating special applications designed for smartphones like the iPhone or BlackBerry that will help house hunters find properties when they're far from a PC.
And there are signs that there may be more buyers ready to use them. This week's housing data, while hardly a cause for celebration, did contain some hints of good news for observers wondering how much longer the housing slump might last. Sales of both new and existing homes rose slightly in July, as prices fell—a sign that more sellers are willing to accept more realistic offers for their homes. On Tuesday, the S&P released the latest data from its Case-Shiller index of home prices; while it showed national prices dropping by 15 percent in the last year, the rate of the fall has decelerated lately, and a few cities (including Boston) showed slight upticks in home prices. While economists note that a housing recovery still faces stiff challenges, due to the credit crunch and soft economy, this week's data has ignited talk that the housing market may soon bottom out, and some brokers are optimistic. Says Glenn Kelman, founder of the real-estate Web site RedFin, "We're starting to see buyers emerge from their caves, hungry for deals."
When it comes to mobile tools to help these buyers, the latest offering is from Trulia, a real-estate Web site. Sitting in a hotel lobby in Manhattan last week, Trulia co-founder Peter Flint touched the screen of his iPhone and a map of New York's Upper East Side popped onto the screen. Red flags appeared on properties for sale, and when he clicked another button, he saw a list of all the nearby apartments that would host open houses on Sunday. (The company's iPhone application, which launched this week, has a companion offering, for users of BlackBerry, which functions in much the same way.)
But as you'd expect on a mobile screen, the information given on each listing isn't as rich as you'd find on a full-sized PC screen: If you're hoping for a dozen photos of a home's interior or a 360-degree virtual tour, you'll be disappointed. But with the new iPhone's GPS functionality, the slick interface allows users to dispense with carrying around printouts of listings; provides directions to listings; and makes it easy to call or e-mail the listing agent. This is a case where convenience trumps detail.
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Member Comments
Posted By: cani77 @ 10/03/2008 9:58:14 PM
Comment: The Bush Depression
In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit.Bush created a national debt larger then the first 42 presidents combined
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why isnt obama 25 points ahead
The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.
Let's teach him we are smarter than that .
31 states are voting now, dont wait
Elect Obama Biden 2008
Check out this video of sarah palins interview before you vote
http://www.youtube.com/watch?v=r36Xc0GG4i