Seattle agent George Johnson has been practicing real estate since 1936. He has seen it all, from the Depression to the post-WWII property boom to the financial downturn in the 1970s, when Boeing suffered massive layoffs. Johnson offers several real estate tips–don’t be greedy and timing is everything.
Johnson is old-school in that way. At the heart of his real-estate philosophy is his fundamental belief in personal responsibility. “You’ve got to be able to hang onto a house until conditions are such that you can make a little money,” he says, emphasizing that each and every potential homebuyer should make an honest assessment of his or her financial potential and should be wary of offers that seem too good to be true.
He is optimistic about the future. Despite the continued housing-market struggles, Johnson is confident that the latest downtrend is largely over. ”We are headed up,” he says, “but like I said, I think it is going to be slow. It will take a year or two at least.”
Famous houses – the backdrops in TV and movies – get bought and sold just like every other piece of property. CNBC compiled a list of famous homes that have appeared recently on realtor.com for sale.
The New York Times announced that it will begin tracking eBooks as part of its weekly best sellers lists starting next year. Sales of ebooks has skyrocketed in the last few years with improvements to reading devises like the Kindle and Apple’s iPad. In the first nine months of 2010, ebook sales have grown by over 190% from the same period in 2009 according to the Association of American Publishers.