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Lansner on Real Estate ~ The latest news about the housing market from Orange County Register columnist Jon Lansner.

Online chats changed housing. Now the world?

January 8th, 2009, 1:56 pm · 4 Comments · posted by Jon Lansner

Your blogger spent Wednesday in Sin City, listening to “Social Media Jungle” — a workshop on how to best use  online communication from relatively older blogging to newer Twitter, MySpace, Facebook, etc. These are tools that allow the audience to play a heavy role in the conversation — if not dictate the structure and content of the chats.

For the many of you who can’t fully get a grasp around the ever-morphing online world: Don’t worry! You’re not alone! Just think how blogging altered the discussion of housing markets. Then think of that expanding exponentially with these newer platforms touching various slices of humanity!

In a touch of a departure from our real estate debate, let me pass along some of the wisdom I discovered at the Jungle — part of the massive Consumer Electronics Show. It may help you better your blog-reading adventures; or expand your online communication savvy…

  • The best explanation I heard of what’s going on came from Jungle’s organizer Jeff Pulver, of Vonage fame and telephoning over the Internet. He explained that you should think of social media is a bit like ham radio — another form of tech-driven, open conversation that was cutting-edge decades ago.
  • This is just not a thing for kids. Forrester’s Jeremiah Owyang says research shows one-third of U.S. seniors engage in some form of social media.
  • Part of the appeal is the serendipity of it all. Author Warren Whitlock says a key to social media success is “no rules!” and that it’s exciting that these new voices and conversations, “can change lives.”
  • This just isn’t people sharing small talk or silly personal banter. As social media pioneer Chris Brogan of New Marketing Labs tells it, “I don’t care about your cat, I want real business conversation.”
  • It is real business. Ask Massachusetts steakhouse owner Justin Levy who last year cut out 80% of his budget for print and billboard ads. He turned to social media tools — such as his http://primecutsblog.com blog — and sales rose 24% in a harsh economic environment.
  • The wide collection of information sources may confuse you. Yet Howard Greenstein of the Harbrooke Group says TV execs tell him, for example, that audiences want (or don’t mind) seeing the content they read/watch in numerous places/platforms.
  • As Owyang of Forrester sees it, in the new communications game news is like shish-kabob; bite-sized pieces vs. a big steak!
  • The push won’t stand still. And Jeremy Toeman of LIVEDigitally says watch for a growing convergence of consumer electronics and social media through various online and wireless technologies, citing services like Chumby, Boxee, BugLab and EyeFi.

Social media is changing the news business, as you are likely well aware …

  • Tribune Interactive’s Dan Honigman says the social media craze demands that reporters must be entrepreneurial in how they expand their work’s reach.
  • Orange Couny Register’s Kevin Sablan notes that new counting technology lets newsrooms clearly track what online readers want to read.
  • So Orlando Sentinel tech reporter Etan Horowitz says that a reason why he doesn’t compete with giant international technology news organizations, rather, he spend much of his time focused on Orlando issues, like cable TV outages.
  • And this social media push, PR veteran Susan Etlinger says, is not all so bad for the flow of information. Blogs forced Apple Co. to recently admit to CEO Steve Jobs’ illness. A decade ago when media outlets were far fewer, she surmises that Apple could have controlled the story line.

Perhaps, as notable, is that social media is not about being tethered to a computer. Dean Landsman says “the future is already here” with mobile media.

Note that your blogger’s coverage of the Jungle included posting some of the thoughts listed above to my Twitter stream (I’m jonlan, for those who know Twitter!) with my relatively low-tech cellphone!

Other coverage of CES from The Register’s Gadgetress, CLICK HERE! And ..

Posted in: Media & Real Estate
 
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 4 Comments

  • rants says:

    the future is now- these new technolgies will also help
    the environment- no need for wasting
    millions of trees to make “newspapers”- everything
    can be obtained via wireless internet access allowing
    much more information to be obtained in much less time-
    no more wasted pages of newspapers with nothing but
    worthless advertising trying to get people to spend money
    they dont have on things they dont need– finally some good
    news

  • Good post Jon. I’m glad to see that you are so interested in Social Media. Just like everything else, some of that is hype but most of it is here to stay.

    Now, we just have to come up with a good way to completely move home buying and selling to the web and get rid of the middle man (ie Realtors)
    That would do much more for society than amazon, tweeter, digg, and facebook combined. :-)

    I know that we already have ziprealty and redfin but we need to take them to the next level and completely get rid of realtors. I’ll talk to Obama about that.

  • King says:

    Market fundamentals changed the housing market. Not a bunch of people blogging about those fundamentals. People didn’t buy houses they couldn’t afford because they read something on a blog. They bought beyond their means because bank gave them the money to do so. So now the banks are gone and these same people qualify for half the loan and actually have to put down money, which they likely don’t have. These are fundamentals not a string of internet postings.

    Although, I must say it is quite insightful to see how unsophisticated some are who discuss housing. Too bad many of them are the “experts” who consumers rely on to make decisions.

  • Liar Loan says:

    Most of the groundbreaking news coverage seems to begin on blogs these days, whether it be political, business, sports, or entertainment. I think besides the lack of rules, it’s the democratic nature of blogs that keeps people coming back. The mainstream media is having a harder time controlling information and instead look to blogs for potential stories to cover. As the Internet savvy generations (those 40 and under) begin to age and take control of the country, we’ll see better and more open elections and less mind control from the MSM. Many people in the Gen X, Y, and Z age groups have a healthy distrust of newspapers and cable news.