Friday, October 29, 2010

The Truth About Real Estate

Do real estate brokers have your best economic interests at heart?

With a new movie coming out, the  freakonomics guys took a look at the underlying forces that shape how homes are sold.  If you don't know them, Steven D. Levitt, a professor of economics at the University of Chicago and Stephen J. Dubner, an author and journalist who lives in New York City write the popular Freakonomic blog in the New York Times based on the best selling book.

Their mission is to uncover the hidden side of daily life based on economic forces and motivations.  Everything from NFL advertising to this great video on what motivates real estate agents and if they are really interested in getting you the best price for your home.

Like so many underlying truths this makes immediate sense once you think about it and about your own experiences with agents.   Best of all these guys are fun to watch.