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18 Trends in Real Estate
This is a continuation of my report on the Tennessee Association of Realtors® Conference of last week. Steve Murray, http://RealtyTrends.com  was one of our speakers. He spoke about all the newest trends in real estate.
He remarked that real estate has gotten more competitive since 2000, and he also said that the year 2000 was the last time that we had a normal real estate market. Statistics show that it has gone from 6 units per agent to 5 units per agent. 2005       1.4 million REALTORS®
               8.4 million transactions
2008       1.1 million REALTORS®
               5.5 million transactions
2010       6.1 million transactions projected
         The number of real estate professionals is expected to continue to go down in the next 2 years. We are currently down 100,000-150,000.          Agents, firms and the whole realty industry is expected to consolidate.          Consumers have not been requiring high quality agents.          We have had 1.4 million foreclosures so far, and there are supposed to be 900,000 more before this is all over.          Agents will be doing more outsourcing          Our focus needs to be on consumers and what they want how they want it.                Two questions he suggested asking them are
                 What ... more

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