I see some life returning to the local real esate market. May be a false positive, but I'm going to choose a turn around.

I presently have more contract pendings in my portfolio then active listings. Could be a marketing failure on my part. However, I choose its a light and not a train in the tunnel.

Armed with this non-statistical data, I am willing to state that the market will have returned to normal (1990's) by first half 2011. This prediction would then indicate a pending increase in demand for agents and that's great for me in Illinois, because there will be fewer agents to choose from with the new licensing law becomes effective in 2012. That is when the Salesperson designation is eliminated requiring additional education and continuing education requirements for Illinois real estate brokers.

The implementation of additional education requirements in 2006 caused many a Broker to choose to fall back to salesperson. Looks like a very poor choice at this time. This time I think some will opt to flip burgers.

Perhaps I will garner additional benefits from this change because I am a licensed instructor.

 
This post has been included in Illinois Real Estate News

2 Comments on Is that a sign of light,or is it a train coming?

MAY
13
2010
229,018 Points 22 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

David - like you, I'm choosing to see this as a sign of light!  I have a message taped to my mirror that I read every morning that says, "It's not what the market is doing, it's what I'm doing."  Best wishes to you!
10:18pm • #1
MAY
14
2010
537,718 Points 6 Featured Posts Outside Blog Called Shot Master

I think the train is coming, get out of the way, after all the light can not hurt you.
12:16am • #2


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David Spencer Chicago Area Commercial-Residential R.E.

Bloomingdale, IL

More about me…

Keller Williams Team Realty

Address: 800 E Northwest Highway, Suite 200, Palatine, IL, 60074

Office Phone: (847) 241-2200

Cell Phone: (630) 750-4255

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Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.


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