The Real Estate Industry Is An Industry Of Survivors, we are a resilient bunch. We have endured and survived through a lot in the last few years. Most other Industries would have fallen apart if they had faced even a fraction of what we in the Real Estate Industry have had to deal with. That toughness and endurance is evident in all the professions make up the Real Estate Industry, because we all have been impacted one way or another. It does not matter if you are a Realtor, Loan Originator, Appraiser, Attorney, Home Inspector, or Lender, we have all had to deal with a tough market and survive through it, and survive we have. We are the proof that The Real Estate Industry Is An Industry Of Survivors.
I thought about the things that we have had to overcome that last few years:
- A declining Housing Market
- Declining home prices
- Appraisal Issues
- Subprime Lending
- Increased number of foreclosures
- Increased number of Short Sales
- Large Lenders going out of business
- Tightening of Lending Guidelines
- The scammers
- Loss of jobs.
These are just a few, and I am sure that those reading this can add several more to this list. But through all this, our Industry has survived, and will continue to survive, because we have survived. When life throws us a curveball we adjust to it, learn to deal with it, and move forward no matter what.
No matter how bad things got, there were Buyers looking to buy, and homeowners looking to sell. We just needed to be ready to provide for those needs, we looked forward, and not back. It is this forward thinking that has enabled those here today to overcome what has been going on in our Industry.
Many parts of the country are already experiencing a shift in the market, with inventory going down, and Buyers running into more and more multiple offers. This is not nationwide yet, but it is getting there. Before to long home prices should start to follow suit, and all those Sellers that have been holding off selling their properties, and purchasing another one, because they were either underwater on their present property, or could not make a high enough profit to purchase the next one, will get back into the market once again.
It appears that we have survived the lows, now it is time for us to begin to reap the rewards of the market that appears to be on the horizon. Could what many parts of the Country are experiencing be a false sign of the market turning around, maybe. If it is a false sign, then we will survive that also, until the real change happens, and reap the rewards then. The Real Estate Industry Is An Industry Of Survivors, failing is not in our nature.
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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