Don McLean had it right when he sang that soulful reminiscent song about life that used to be.
But did Don McLean have the foresight to contemplate Realtors would go the same way as those yester-years? Probably not, but surely it can be applied.
In an article by Eric Wolff, published in the New York Times, Real Estate Agents have been leaving the profession in droves....as seen in the graph from CalculatedRisk blog on 5/20/2012.
So, what is one to make of all this activity? Or lack thereof? Well, if you are one of those individuals who was chasing easy money, then you are probably now singing, "But I knew that I was out of luck The day the music (real estate market) died".
Yet, for the majority of the industry, this is not a job, but a profession.
And for every member of the real estate industry who approaches this as a profession, akin to a person going to medical school to become a doctor, they are in it for the long haul and short term obstacles will arise, but the those who are committed will find a way to thrive amidst what was a devastating decline in the real estate market.
As Eric Wolff notes in his article, just look at Southern California, their numbers of Realtors are rising.
Michael Hobbs, PahRoo Appraisal & Consultancy
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