The above was declared in a recent Wall Street Journal article. http://alturl.com/bm5xm My response ..No Kidding! The WSJ article assigns blame on agents not providing timely updated information. Maybe sometimes. More often however, this problem is created by listings being syndicated to third party sources and ending up on sites like Overstock and other less than real estate related sites. The fact is these “other” sites claim over 9 million real estate listings. The problem is we currently have about 3.2 million listings in the entire United States. So about 6 million listings that are out of date. Not good and we in real estate get the blame.
I suggest we in organized real estate rethink who gets access to our listing data.