Mortgage Blog

I did not read lots of books recently, though I almost
finished Chinese translated Freaknomics also am working
on series of history books about Ming Dynasty. Still it
seems like a long time not reading those books I like the
most. So I Ordered 4 books today, Social Boom, Swim With
The Sharks Without Being Eaten Alive, What Would Google Do,
Small Is the New Big.

I talked with one escrow officier about my hobbies.
And she thought that my running could release the
stress. Maybe. But still my best friend is the books.

Want to share with you some good points from freakonomics.
According to the author,  In Real Estate Business, the listing
agent actually does not have much incentive to sell the house higher.
Their best interest is to sell it fast. Research found that if it
would take about 10 more days if the agents tried to sell their
own houses. And the sale price is around 10k higher. The reason
was that the listing agent might get only $150 for the $10k higher
sale price, and they would not think that it is worth it.

Ask the author if you are a RE agent and happen to read this blog.
I just quoted here, though he also has others of other interesting
opinions.