How Does the Stock Market Work?

By James Wedgeworth on February 6th, 2009

Unusual question – Everyone knows how the stock market works.  There is a price that your stocks will sell at a certain point of the day.  The price changes from day to day and can quickly change from hour to hour. What makes the price change?  Everyone knows the answer to that. I recently went [...]


Real Estate Foreclosure Update

By James Wedgeworth on February 5th, 2009

I just received some statistics in the mail today concerning foreclosures.  Activity is up 28% from November of 2007. The top five metropolitan areas in percentage of foreclosures are Cape Coral/Fort Myers, Florida, Las Vegas, Nevada, Merced, California, Modesto, California, and Stockton, California.  I saw an interesting article where there are certain zip codes in [...]


Starbucks Closes 100 Stores

By James Wedgeworth on February 3rd, 2009

From a marketing point of view, I was really surprised that Starbucks put this in the press.  This has made people think that it is OK to stop going to Starbucks – this is the “herd” effect.  In other words, the public does whatever the “herd” is doing.  If everyone is going to Starbucks, everybody [...]


Appraisals

By James Wedgeworth on February 3rd, 2009

I recently listed a home for $699,000 when the appraiser had said the house was worth $775,000.  The owner of the home assumed it would sell within a week because we had it priced $75,000 below appraised value.  I told my client that I thought the appraiser was incorrect and I was pretty sure that [...]



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