Interview with Brad Inman

Brad Inman, is certainly one of the most influential people in the real estate business in the US. From a re technology perspective, Inman is probably the most influential, often imitated ... never duplicated.
Brad will passing through London in a few days and will be stopping by the Windmill Pub in Mayfair on Thursday evening the 16th of October. It's an informal meet-up session, and everybody is invited. Brad was kind enough to answer a few of my questions on what's happening in the US market right now. Obviously, the world's attention is focused unprecedentedly on the US, and I don't think there's ever been a time in history when, real estate, politics and the economy have collided with each other at such great force.
What follows is my brief interview with Brad, and we're all looking forward to when he get's here for more insight and an even deeper perspective ...

1. What do you think the long term implications of the political fallout surrounding Wall Street bailout will be on the real estate market in the US?

Brad: The market will continue to depressed for up to five years. We are now seeing rising rates, higher unemployment and lower immigration rates which compound the problem for the US housing market.

2) How is the industry dealing with this issue at the moment?

Brad: Lobbying hard for the bail out in Washington, D.C., cutting costs, closing offices and merging, where they can, with other companies.

3) How long do you think the downturn in the US housing market will last?

Brad: Up to five years, depending on political action and consumer confidence.

4) What do you see happening for some of the new real estate technology companies that have cropped up in recent years? Do you think their influence will increase or decrease in the future?

Brad: Technology is very important in this environment, to create efficiencies and lower costs and more cost-effective ways for brokers to advertise. However, many of the tech companies depend on brokers paying their bills, and many brokers are in terrible economic shape.

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