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Broker Blogwrap: Knife Catching and Doomsaying

Broker BlogWrap is our tribute to the brokersphere. Posts of note may be passed along accordingly.

1) RE term of the day: Knifecatchers, defined as "people who buy in a rapidly declining market." San Francisco is probably full of knifecatchers right now, so we're a little disappointed that there's not more of a carnival side-show aspect to it. Guess you'll have to go to Burning Man for that. [Redfin]

2) Secret's out: the doom-saying alliterative terms so often used when discussing real estate—"credit crunch," "mortgage meltdown," "bubble burst"—may be (surprise!) a bit hyperbolic. The real numbers might disappoint the doomsday prophets of the real estate and construction industry. 1%? .%4? .7%? The XBroker thinks we need to take a closer look before we panic and buy out all the tarps and duct tape at home depot. [The XBroker]

3) Yes yes, we're all used to reading about terrible real estate news in the morning newspapers and blog posts. But what happens when there's a bit of good news? Oh...right, we figure find out how to transform it into bad news. Every Silver lining has a cloud: Sales are up! Great, right? Nope. That means home bargains are down and now you're screwed again. Sigh.. [SF RE Blog]

4) Unraveling the mysteries of homeowners insurance, Step 1: Catalog every. single. thing. in your house. But you've already done that, haven't you? [Sq Ft Blog]

[image via Neatorama]