Social Media Can Be a Sinkhole for Real Estate
By Mike Parker, RISMedia
11/12/09


Remember when My Space ruled the social media scene? Remember Google buying them for the heady sum of $900 million? They just announced that their traffic has gone down so much that Google will not have to make this year’s annual payment of $300 million or so.

Did you see the article in another e-newsletter last week in which two “successful” social media real estate agents were profiled: one who had never sold a home from her four hours a day efforts and another who had sold one from his two hours a day efforts (oh, but they both have thousands of people following them?).

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