AF broker teaches real estate investors to fish - Ahwatukee Foothills News: Business

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

AF broker teaches real estate investors to fish

Print
Font Size:
Default font size
Larger font size

Posted: Sunday, July 13, 2008 11:00 pm

It's simple economics. Supply and demand is the theory behind every business.

And the real estate market is no different.

That's the message Ahwatukee Foothills real estate broker Mark MacKenzie conveys in his new book, Marketopoly, which hit Amazon.com last month and quickly became the No. 1 seller for real estate books and investment books on the online retail giant.

The book explains how to evaluate local real estate markets and trends to determine the supply and demand of housing.

MacKenzie started tracking that for local markets across the country by teaming up with 75 agents in different markets across the country. Once a month, they get into their Multiple Listing Service (MLS) database and determine what houses are active (supply), and then compare that to the number of properties that have sold (demand).

"Most people track the month's supply of housing, but that's only half the equation," MacKenzie said, adding he was careful to keep the advice in the book as timeless as possible. Rather than naming the current "hot" metros, MacKenzie provides fundamentally sound formulas for predicting safe real estate investments.

The book was originally published in November 2007, MacKenzie said, when the markets were performing terribly.

"At that time, if I had said, ‘Don't invest,' in six months the book would be obsolete," he said.

Also, to provide continually updated data, MacKenzie postponed the book's launch until June, so he can make sure his agents are in place across the country with a comprehensive online inventory of the performance of local real estate markets. The online free membership is available at www.realestateplanning.biz.

"If somebody is considering buying real estate, this (book) should be a prerequisite before they start," MacKenzie said. "If those trends are favorable, then you can start looking at properties."

Marketopoly is available on Amazon.com for $14.25. MacKenzie is also in discussions with Barnes & Noble to carry it nationwide.

For more information, call (480) 600-0330 or visit http://www.realestateplanning.biz">www.realestateplanning.biz.

More about

More about

More about

  • Discuss

Kerry’s Blunt Words for Israel Denounced by Lawmakers in Both Parties

A bipartisan chorus of lawmakers, upset with President Obama’s decision last week to allow the passage of a United Nations resolution condemni…

Published: December 31, 2016 - 10:14 am @ http://www.nytimes.com/2016/12/28/us/politics/john…

Obama preparing to penalize Russia for hacking

WASHINGTON — The Obama administration is preparing to penalize Russia over the hacking of Democratic officials during this year's presidential…

Published: December 31, 2016 - 10:16 am @ http://www.usatoday.com/story/news/politics/2016/1…

Gov. Brown Appoints New Public Utility Commissioners to Replace Florio and Sandoval

Martha Guzman Aceves and Clifford Rechtschaffen both come from the governor’s office with strong environmental protection backgrounds. Martha …

Published: December 31, 2016 - 10:14 am @ https://www.greentechmedia.com/articles/read/gov.-…

Mail truck tips on Mesa street

MESA, Ariz. - A mail truck ended up on its side in a crash Wednesday. Mesa police say a single-vehicle collision left the United States Postal…

Published: December 31, 2016 - 10:12 am @ http://www.12news.com/news/local/valley/mail-truck…

Reports of mall disturbances light up social media

A flurry of reports of mall melees and disturbances rippled across social media Monday on a day Americans swarmed shopping hubs for post-holid…

Published: December 31, 2016 - 9:51 am @ http://www.usatoday.com/story/news/nation/2016/12/…

Graham, McCain want Russia sanctions after election hacking

Top Republican senators said Wednesday that the incoming Congress and President-elect Donald Trump should impose new and tougher sanctions on …

Published: December 31, 2016 - 9:13 am @ http://www.foxnews.com/politics/2016/12/28/graham-…

Immigration Is the Only Hope for States That Helped Trump

The decline of manufacturing does not explain the decline of Wisconsin. Photographer: Daniel Acker/BloombergFacebook Twitter Email Print Share…

Published: December 31, 2016 - 7:17 am @ https://www.bloomberg.com/view/articles/2016-12-28…

Creator of the Red Solo Cup dies at 84

FOX 32 NEWS - The creator of the Red Solo Cup died on Wednesday, December 21, 2016 at the age of 84. Robert Leo Hulseman lived in Northfield, …

Published: December 31, 2016 - 7:07 am @ http://www.fox4news.com/trending/225996868-story

12 Cars You Can Legally Import to the US in 2017

slide-4320347 There were plenty of great vehicles produced abroad that Americans (outside of Canada) haven't been able to import until they hi…

Published: December 31, 2016 - 7:06 am @ http://www.autoblog.com/photos/cars-you-can-legall…

Raw sewage bubbles out of ground, Mesa apartment residents fed up

MESA, AZ - People who live at one apartment complex in Mesa said they have a problem that stinks — raw sewage bubbling up out of the ground an…

Published: December 31, 2016 - 6:35 am @ http://www.abc15.com/news/region-southeast-valley/…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…