I was just spending my beautiful Friday morning perusing some national news websites.
Not a bad view I have from my office, right?
As Realtors, questions about the market are always in the back of our minds... or maybe even in the front. "What is the market doing? Should we push the market? Should we test it?"
I have just recently hired an assistant. In explaining to him how the market is growing, I am coaching him on how to do a market analysis and input listings. Of course, as I would expect, he has a TON of questions and comments. One thing that he said that I think is quite true is that "...individual real estate agents are a small, but significant part of the local and national economy."
What a fresh way to look at it. We are not only helping people find their homes - the place they might live for the next 20 years, entertain guests, start a family, create a lifestyle - we are helping bolster the local and national economy. As the article I just read from NBC News states... "Sales of previously owned homes hit highest in 3-1/2 years." Now, I understand this is talking about the national economy; but in light of what was just said about our roles in the economy as a whole, we should take this very seriously and also be very encouraged.
For the record... no, I do not hang a giant banner from my seller's garage... but maybe I'm on to something here... :)
As the title of this blog says, "Should we be concerned?" And that, my friends, is a good question to ask ourselves. Should we be concerned when we hear that the market is on a steady incline with national numbers being higher than they have in upwards of 4 years? Should we start to look at our time, our business and our city differently than we have in the past 3 years? I think the answer is a huge "YES." Whether we like it or not, the local economy WILL effect our paycheck and our business. My question is this: why not work together to create a better economy, helping the city as a whole and also helping ourselves in our professional lives?
In conclusion, things to consider are these:
-What are my roles and responsibilities as a Realtor concerning the market and economy?
-How can I work to improve my local market and economy?
-Am I training those under me to have the same focus?
This is a business of non-stop learning. Let's keep learning and improving!