The real estate market is undoubtedly changing. In the Birmingham area, there is more inventory (over 400 more homes than this time last year), and existing home sales are down overall. The mortgage market is also doing it's fair share to impact the real estate market. For many, it's harder to get financing or the terms available aren't worth the risk/investment. We are in a different world than 2 or 3 years ago. But with all that said, I'm not sure it's all bad. The mortgage business is definitely getting cleaned up, and it's probably only a matter of time before the pool of real estate agents gets cleaner. I recently heard a great saying......."you can never go wrong by doing right."
Diverse Solutions - Los Angeles, CA
I couldn't agree more Rob!
We're going to see the reality of the numbers of home owners that have been living beyond their means and we're going to clean house with all of the unscrupulous lending activity that has taken place.
Sep 05, 2007 03:30 PM
Veracity Real Estate Group, LLC - Camas, WA
Camas Real Estate Expert, MBA, 480-540-8100
You are right! As a new agent that is doing better than ever expected, I am looking forward to what a good market is :)
Sep 05, 2007 03:39 PM
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
Hi Rob -- I really think that the real estate industry could use a good "cleaning" . It is pretty easy to get a real estate license in many states -- and there are a lot of people in the business who are not full-time professionals.
Sep 05, 2007 03:40 PM
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer
It's the same same and if any city needs chlorine in the agent pool it would be Las Vegas. Agents are running around with a chip on their shoulder, hanging on to anything they can get and failing to see the opportunities. They can run around whining and I will just keep chugging along and passing out the goodies with a smile on my face :)
Nov 07, 2007 11:39 PM
Rainmaker
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Rob Roebuck
ABR- Birmingham, AL Real Estate
Real Estate Resources
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Information about Birmingham real estate, Mountain Brook real estate, Vestavia real estate, Homewood real estate, Hoover real estate, and the Crestwood and Crestline area real estate markets. Also information about Birmingham Foreclosures and Birmingham area short sales.
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