Real Estate Investors - Red AlertWritten by Mark Walters
Real Estate Investors - Red AlertHow's real estate marketing doing? Is huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes? Two things to keep in mind when surveying market: 1. All real estate is local, 2. Real estate is cyclical. Here in Arizona some residential areas have seen as much as a 30% jump in value in last 8 to 12 months. The word about increasing Arizona home values has spread across country. We recently sold a home to an out of state buyer who never looked at property. His agent is just buying homes, because buyer is sure prices will continue to escalate. In case of another of our houses a buyer offered $2,000 above our asking price on day we posted a for sale sign on property. We were asking more than we expected to get! At same time we received a telephone call from a relative living in California. He was very excited because his brother-in-law was sure he would get rich by buying a couple of Arizona homes. Should her do same, he asked? Such events have all earmarks of a price bubble... if only in Arizona. On other hand... On a recent trip to Buffalo, New York, local newspaper ran a story explaining that home sales were up. In same article it revealed that median price of a home had dropped. In other words, people are hurrying to buy homes that are dropping value. There's more... Mortgage Banker's Association data shows that adjustable-rate and interest-only mortgages accounted for nearly two-thirds of mortgage originations in second half of last year. Loans of that type help push up housing prices, because they carry lower initial monthly payments, enabling borrowers to purchase more expensive homes. Basic economics... if more people can buy homes there is more demand... More demand means higher prices.
| | Groupware: The Triple Threat of Document Collaboration TechnologyWritten by Joe Miller
Document Collaboration has made leaps and bounds since explosion of technology revolution. In any business era, need to collaborate remains a constant. What varies is ability of technology to keep up with demands of collaborators. Groupware has risen to challenge, delivering solutions that streamline editorial process - tracking documents, sorting, and even merging documents, essentially answering who, what, when, where, and how of collaboration. Even within family of groupware solutions, new technologies are available to take document collaboration to a higher level. Since all groupware technology is not created equal, it is important to search carefully. Millions of indexed pages on your favorite search engine become one groupware every business is looking for when searching through newest technologies available in groupware. Digital Thread technology, Version History, and Document Signature services form a new “triple threat” in document collaboration technology. It is a time-saver, an energy-saver, and a money-saver. In business efforts to preserve bottom line, effective management and thorough record keeping are paramount. Consider following example: Negotiations for a contract between company A and company B have been going on for months, with law firm C as author and mediator of contract. Three representatives from A and B have been part of a drafting committee with a partner from C, making a committee of seven, each with various electronic records of by laws, budgets, minutes, and memos. The deadline for final draft of contract falls due in a few weeks. This could be a create-your-own-ending story, and you will see two alternative endings. First ending: The committee has a semi-organized pile of various drafts of files distributed over seven separate hard-drives, with numerous copies of drafts sent via email to other members of committee. The report is almost ready to be merged; however, as committee members survey documents on their drives and emails accounts they realize they do not know who made certain changes, which drafts they are to merge, when each of changes were made, where drafts are stored, and how they are going to merge changes all within month remaining until deadline.
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