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"Oh...You're a Realtor?"
"So, what do you do for a living?"
"I'm a Realtor..."
"Oh, you're a Realtor! What do you think about this market?"
Never fails! Everyone wants to know what Realtors think about the current real estate market. I have enjoyed this conversation with clients, prospective clients, people from every walk of life, people from different parts of the country, and have especially enjoyed knocking around the subject with other Realtors.
My response has been the same each time though...
"This time is a great opportunity for first-time homebuyers and people who are prepared to take advantage of some great deals. All in all, just a great time...if you are ready!"
However, I have also been fortunate to converse with people who are on the support side of the real estate industry as well. That would be mortgage brokers, appraisers, underwriters, home inspectors, etc...
So, I got to ask them the same question. And I have heard so many interesting responses.
Just last month... "What exactly is a declining market?"  Excellent question! Pima County has been classified as a declining market, as far as appraisals go. Declining? It is a shame that they do not give appraisers a check-box marked "adjusting" or "correcting". That seems to be a ... more

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