Thursday, December 22, 2005

Housing Bubble Blogs Have Influence

The Bubble Meter Blog uses StatCounter to track site statistics. I have the upgraded account which costs 9$ a month. It logs the stats for the last 1,000 visitors to the site.

StatCounter has a neat feature that tracks which ISPs ( Internet Service Providers) the reader came from. Most of them are the major internet providers like Verizon, Comcast, US West Internet Services which don't tell you much. However, some ISPs where visitors came are trackable to the organization level.

Among the ISPS that readers come from:

  • Major Media ( Washington Post, NYTimes, CBS News)
  • Federal Reserve Board ( maybe even Greenspan is reading? lol. Doubt it)
  • Securities Exchange Commission
  • World Bank, IMF Major Accounting Firms
  • Internal Revenue Service
  • US Dept Of Justice
  • U.S. House Of Representative, U.S. Senate
  • Real Estate Companies
  • Mortgage Companies ( Premier Mortgage Funding. Priority One Lending Inc
  • Fannie Mae
  • Home Builders ( Pulte Home, another company even posted a link to this site on their intranet)
Some of the visitors from the above organizations were indeed reading the blog for their own enjoyment or personal research. However, surely some of these visitors from these organizations were visiting for work related purposes. The media and others are watching these housing blogs. We must continue to spread the speculative reality of the situation.


"enhanced skepticism that resolutely associates too evident optimism with probable foolishness" - John Glabraith, A Short History of Financial Euphoria
Prices in the bubble markets have NOT reached a "permanently high plateau."


9 comments:

  1. David,

    I see almost exactly the same activity. Most interesting is that just about every realtor in Northern NJ visits my site almost daily. Also very interesting (and it may be due to proximity) is that I get about 1/4 of my hits from NYC-based major financial firms (Goldman, JPM, Morgan Stanley, etc).

    Also, don't only track the domain, but look at the referring link if the visit was from a site like Google or Yahoo. You'll typically find the search terms used that the user found your site with. Usually about once a week I see searches coming in for real estate professionals and local journalists that I've mentioned in the past. There is a handful of local real estate executives that seem to be very concerned about what I'm saying.

    Very interesting stuff!
    Jim

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  2. Jim,

    Thanks for the info. I do indeed check check the referring link; that is how I found out about the link to my site from an intranet site for a homebuilder. I will post more about referring links in the future.

    David

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  3. Good to hear you are well read. David, I love your site. But as somebody who has a home and is worried about high possibility of a bubble, I'd wish bloggers would post more about how home owners are protecting themselves from going under using hedge instruments, HELOCs, etc.

    Like if people really believe in RE for the long term (years) and they have cash on hand, but a high mortgage, what are they doing (I mean the diligent homeowners who are being proactive)?

    Any interesting stratgies to hedge, leverage RE that people want to keep for years?

    Thanks and happy holidays.

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  4. Anon 5:16,

    Point well taken. Thanks.

    Happy Holidays!

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  5. dc_too, I agree with your advice but it doesn't fix the problems that Anon is worried about. Even with a fixed rate mortgage, you're still heavily leveraged. Even if you don't want to treat housing as an "investment," it IS an investment, like it or not. It would be nice if there were securities that one could purchase to hedge the "long" position that homeowners must take.

    ed

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  6. Good Point, Ed. DC_Too, you have good points, but that's before somebody has invested in a home (hindsight being 20-20). And its very conservative- remember that it takes risk to be rewarded. Granted, speculation is one thing- but if its hedged, it could pay off.

    I think the original question should be answered.

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  7. i work for a newspaper but that's not why i check out your site. most reporters aren't well paid and we face the same problem of trying to afford a home in inflated markets, too. plus, this is a great blog.

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  8. skytrekker,

    Amen brother amen. Glassman bahaha!

    David

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