Surowiecki Strikes Again: Why Median Home Prices Don’t Tell The Whole Story

Contrarian super-brain James Surowiecki, author of the Wisdom of Crowds and a weekly New Yorker column on the economy, wrote last Thursday about how why the conventional wisdom that real estate prices never actually go down is wrong. His argument is that the median housing prices on which newspapers report don’t take into account: –>… Read More

FTC Law Enforcement Sweep: Not as Exciting as It Sounds

The FTC’s Competition Director held a press conference today to announce legal actions against two Detroit multiple listing services for refusing to publish listings at a reduced commission. Five other listing services in Colorado, New Hampshire, New Jersey, Virginia, and Wisconsin rolled over, and agreed to publish the listings rather than fight the FTC. What… Read More