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Is the housing market suffering from “pejoration”?

By James Dray

Managing Real Estate Broker with Fathom Realty PB00068179

April 14, 2011 11:25 PM

I’ll ask the question and you tell me about your market. Here in NW Arkansas we are not having this problem as much as the rest of the country but it does rear its head from time to time. I’m sure as the new batch of foreclosures hit the market this situation will change and we’ll cope with it. The meaning of (pej’e ra’shen) a worsening; depreciation. I for one will deal with it and move on. There will be agents for one reason or another who will turn in their license. While I would hate for this to happen on one hand looking at the other it will lead to more listings and sells for me. What’s your opinion?

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Clint Mckie

Desert Sun Home, commercial Inspections - Carlsbad, NM

Desert Sun Home, Comm. Inspection 1-575-706-5586

Good morning James, as inspections have been hurt by the current housing market. The problems I run into is the "waivers" being signed by the buyers at the advice of the agent. I am having some

"Pejoration" within the inspection industry.

Best of luck me friend.

Clint McKie

Apr 14, 2011 11:38 PM

Rob Thomas

Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN

Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Good Morning James....I agree....a lot will continue to get out and some will come in because they all think it's so easy....I feel like our values have stabilized for now.....our business is really good!
Hope you have a great day!---Rob

Apr 14, 2011 11:40 PM

Kristine Ginsberg

Elite Staging and Redesign, LLC - Short Hills, NJ

NJ Home Stager

James - What goning to happen is going to happen and if you've stayed in the race - you deserve to the rewards. It's sad, but it's a reality!

Apr 14, 2011 11:52 PM

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Is the glass half full or half empty. If your view it is half full you will find opportunity. If your view is half empty, the market is worsening. What's your point of view? James, your view is obviously half full and you have your hand on the pitcher. Enjoy the day!!

Apr 15, 2011 12:06 AM

Tony Morganti

RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio - Cuyahoga Falls, OH

CRS, ABR, SRES - Cuyahoga Falls, Stow

James - just as real estate values are experiencing a correction so too is the real estate industry and our ranks are thinning. Many who have previously quit working are finally leaving the business and others who are not equipped to function in this market are also leaving.

Apr 15, 2011 12:16 AM

Keith Gilkey

Re/Max Chesapeake - Elkton, MD

410-920-7214, Re/Max Chesapeake

James, I'm an old dog and not ready for a new trick. I'm staying, I've seen ups and downs before, this is the worst but this is what I do! Realtor since 1982

Apr 15, 2011 01:01 AM

Lydie Ouellet Dickinson

Realty Executives Tri County, Bellingham MA - Bellingham, MA

Realtor

Good morning James!

I decided to come into this business knowing it was the worst time. The way I looked at it: it is the best time to learn! ... I am here for the long haul and I am a very optimistic person. This too, shall pass!

Apr 15, 2011 01:12 AM

Joshua Zargari

MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY

MJ Decorators Workshop

In nature, only the strongest and smarter will survive...

James, have a nice day.

Apr 15, 2011 02:45 AM

Liz Wallace

Century 21 Sherlock Homes - Rockville Centre, NY

Broker C21 Sherlock Homes, Rockville Centre, LI, N

I have no problem with agents who jumped in in 2007 leaving. This is a tough business and you have to be tough to stay in it. The days of show 4 houses and ask the buyers to pick one are over.

Apr 15, 2011 04:56 AM

Don Rogers

Keller Williams Realty Chesterfield - O'Fallon, MO

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

You are right about those leaving the business but maybe they should develop some intestinal fortitude and do what it takes to do the business.

Apr 15, 2011 04:57 AM

Conrad Allen

Re/Max Professional Associates - Webster, MA

Webster, Ma, Realtor

Hi James - The tunrover is brutal in the real estate business. Only the strong will survive.

Apr 15, 2011 01:08 PM

Phil Hillerman

Crye-Leike Realtors® - Rogers, AR

Crye-Leike Realtors®

Real Estate is a game where you only loose with you quit. Have a great day James.

Apr 15, 2011 05:21 PM

Is the housing market suffering from “pejoration”?

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