Posted October 25 2010, 10:07 AM PDT by Geoff Wood

The First Decade

Posted by Geoff Wood

 

The other day I was searching for my daughter’s cell phone number – which I haven’t memorized because I simply speed-dial it – and I realized it’s been years since I memorized anyone’s phone number. And this was just after I’d booked a flight online and selected my seat, and downloaded some new music into my iPod.


It occurred to me that these are just three examples of the tremendous changes that have happened just since the new millennium began. At the beginning of this decade, iTunes, YouTube and Facebook did not exist. Today, their combined daily views and downloads are in the billions.


An article in Newsweek a few months ago highlighted how much things have changed in a decade. The numbers are staggering and surprising.

 

 


  • Ten years ago, a total of 400,000 text messages were sent per day; today 4.5 billion are zinging through cyberspace every day.

  • In 2000, 12 billion emails were sent each day; today 247 billion are sent daily (many of which were in my spam filter this morning).

  • Ten years ago, about 208 billion letters were mailed through the postal system each day; today the number of letters mailed daily is less than 176 billion.


This decade has been tumultuous, to say the least. Beyond the tremendous technology-driven advances, we are still struggling with this economy. Unemployment rates are too high. Banks are still struggling. And it is heartbreaking that people have lost their homes.


Even though there is a lot of uncertainty, I remain optimistic. I am realistic enough to know that this recovery will take awhile. But recover we will.


One thing that hasn’t changed in the past decade is the resiliency of real estate over time. When you look at median single-family home prices ten years ago versus this year, you’ll see that home values have increased since 2000. This is encouraging, especially when you consider that the stock market today is the same place it was 10 years ago. For most people, their home is worth more today than when they bought it. It might be worth less than it was two or three years ago, but real estate has never been about day trading. It’s a long-term investment. And if the last 10 years, or 100 years, are any indication, we can count on growth in home values.


And that’s a good thing.

 

July Median Home Prices*
2000

 

2010

 

National
$151,100
$182,600

 

 

*Source:  NWMLS

What are some of the most memorable changes for you in the past decade?


9 Comments

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  • Yes, the new Era of Technology is as revolutionary as the first black and white TV of 1950 in our small rental home in the midwest. Every kid in the block sat in the cozy living room and watched "I Love Lucy"! We were mesmorized by the "hi-tech of the 50's" and now it is 2010 with the new "Droid Incredible". My ten year old cousin taught me more than the Verizon rep. Yes, the younger generation will probably never hold a clunky Bell telephone... or look at it and think how quaint! Agree with Rob Graham....changes are here and yet our custmers and clients are always there for us to guide/support their decisions with good information. Through this tough economic time, we are here to help, spend less and enjoy our families more. Happy Thanksgiving, everyone!

    Posted November 11 2010, 12:38 PM by Brenda Dimond

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  • Rob and I have been in the real estate business for about the same amount of time and even in that short while it is amazing the changes I have seen. When I first started, our office had a digital camera you could check out, but you needed to buy your own disks for it to store your photos. You can probably take a better picture with your phone these days! I'm excited about all the changes the past has brought us and all the possibilities that lurk just around the next corner.

    Posted November 11 2010, 4:42 AM by Geordie Romer | Leavenworth WA

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  • How quickly we forget. Having only been in the industry for about 6 years I have learned that the only constant is change. There is opportunity in every market if you are willing to change to meet it.

    Posted November 11 2010, 12:29 AM by Rob Graham

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  • I think the downturn in the economy and the uptick in technology is teaching us that our lives haven't changed. The important things in our lives have always been and remain family, tradition, friendship, honor, honesty and empathy. Texting, twittering, blogging, emailing etc. are hopefully just facilitating the above.

    During this downturn family and friends have pulled together to help each other. People are learning to live with things longer, reuse things that aren't worn out, save for the rainy day and enjoy the homes they are lucky enough to have. Buyers are buying for the right reasons instead of looking for financial gain. The word 'home' still means a lot more than the word 'house'.

    Posted November 10 2010, 10:08 AM by Dan Dittmann

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  • Last week I was teaching my 94 year old grandma how to text message. She stood in awe when i took her picture in the house she has lived since 1942. (She said she and grandpa paid $9800 for it. Grandpa said when he bought it that this market can't keep going up.) Boy was he wrong. Anyway grandma was shocked when i went to the computer and downloaded the picture i just took. She has seen so much, wars, man on the moon, the car, inside plumbing, the phone , the computer, television, email, text, digital cameras, refrigerators, and the worst real estate market crash we have ever seen. When asked what this wise old woman thought about the market, She replied "I'm just glad all my kids are alive and well." Thanks Grandma for the change in my prespective.

    Posted November 07 2010, 10:48 AM by Mike Rowland

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  • It is amazing to me that I have embraced technology. Ten years ago I was sure I would not use email, now I can't live without it. My agents are surprised when they get a text message from me, not as surprised as I am that I am actually doing it. Like Steve and Pam, I am always learning something from my Grandchildren.

    Posted November 05 2010, 5:02 AM by Meribeth Hutchings

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  • I love the amount of information that is available to us instantly today. I have always been a curious person and now when the "I wonder how, what, when or where" pops into my heard I just "google it". It is fun to watch my grandkids do the same. I love being able to carry lots of different books around with me on my tiny little itouch so that if I get stuck somewhere waiting for an appointment, etc. I can pull the touch out of my purse and read! What an amazing time we live in.....:)

    Posted November 05 2010, 3:32 AM by Pam Lorange

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  • I too am amazed with the rate of change in our lives, especially due to technology. Our communications with the outside world has become an open book with sites like Facebook, Twitter, and etc. We know more about our friends daily lives than maybe we should. We are expected to know what our family and friends are doing based on public postings on the web. A 12 year old knows more about chatting, tweeting, and life on the web and less about times tables, encyclopedias, handwritting skills, and face to face communication. Would we want to go back to the 'old days and ways', I have my doubts. I look to the future with a touch of awe!

    Posted October 29 2010, 5:52 AM by Ed Stafford

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  • amazing to be a grandpa 6 times over. Amazing to look at the world as they see it and realize that what is normal to them now was unimaginable 10 years ago. Amazing that email is becoming old-fashioned ... and amazing to think that the tools I am using to build my Windermere franchise are both exactly the same as 40 years ago and exactly the same as what my grand children think is normal today ... effective communication just with slightly different equipment.

    Posted October 25 2010, 5:40 PM by Steve Curtis

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