Observations from a Beverly Hills Realtor Endre Barath, Jr. and why I have a great many growing concerns over artificial intelligence (AI)This post was inspired by an Active Rain Challenge by Kat Palmiotti I'll start out by saying that I am not against the principle of technology (and will take it a step further by saying how much online shopping I do). When the Internet and the advent of email first came about and people got comfortable with it, my life as a Realtor became incredibly easier.  I'm sure those that have been Realtors as long as I have will agree.  Who remembers trudging from one real estate office to another, notepad in hand to get the inventory from agents?  How about when the "big book” was introduced and listings were printed with the agent’s name and phone number. Hen... 06/04/2023

More observations by a Beverly Hills Realtor: Endre Barath, Jr... As we rapidly approach the middle of the month, we also approach the second half of the year - hard as this is to believe.  This year has certainly been a strange year when it comes to Real Estate Activity.  Inventory, or the lack thereof, has translated to fewer sales while housing demand has been higher than what the talking heads had been expecting in spite of their misleading headlines.  The reality is that there are fewer buyers thanks to higher interest rates. My observation is that the powers to be have miscalculated by tightening the money supply for potential buyers; while they thought it would bring home prices down, in reality when 75% of homeowners have mortgage interest rates hovering between 3 and 4 percent,... 06/08/2023