And the times they are a changin' - said Bob Dylan in 1964

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

What is going on in the real estate industry?

In 1964, a youngster named Bob Dylan (fka Robert Zimmerman) from Hibbing, Minnesota wrote a song "The Times They Are A Changin' " 

That would be over 50 years ago. Fifty. Five-O. Half a century.

Rings true today, more than ever. And the pace of change is getting faster by the minute.

And in real estate, it is "change or die," figuratively of course.

  • Distressed sales are down, equity sales are up.
  • Buyers used to hammer down prices, now they're chasing multiple offer bids.
  • Houses used to linger on the market for months. Now they're gone in hours.
  • FHA is tightening some guidelines, loosening others. FHA is making homeownership more accessible but is also filling up the pipeline of future short sales and foreclosures.
  • Marketing has changed dramatically, and shifts every day. 
  • End-consumers are more informed and have access to knowledge - and that is a very good thing!
  • End-consumers are also MISINFORMED by companies that peddle fake estimates - and that is bad for both sellers and buyers.
  • Companies want to disrupt the Realtor model, leaving buyers and sellers without professional representation. That will be a bonanza for real estate litigation attorneys who will be needed to come in and fix massive numbers of real transactions gone awry.
  • Baby boomers are retiring and shifting market trends like they've been doing since they were born.
  • Millenials are reaching home purchase age, some are buying, some are not. But, they too are changing segments of the market.

Whether you are a buyer, a seller, or a Realtor, will you recognize changes in the market, will you change accordingly?

Here's what Bob Dylan told us fifty years ago:

Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone.
If your time to you
Is worth savin'
Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'.

 

The Times They Are A Changing - Bob Dylan 1964

the times they are a changing

 

 

 

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

View Dave Halpern's profile on LinkedIndave_halpern twitterhalperndave_facebookDave Halpern QR CodeLouisville Foreclosure Realtors Dave Halpern

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Topic:
Real Estate Market Trends
Location:
Kentucky
Groups:
The FHA Mortgage Group
Club Chaos
Diary of a Realtor
Real Estate Trends
Voice of Reason
Tags:
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bob dylan
real estate
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Rainmaker
3,141,339
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Yes, the times they are a changin...and in this business can you either sink or swim...We are out of the water and are doing well!

Jul 04, 2017 07:54 AM #1
Rainmaker
4,041,420
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dave, we may see one or two short sales in ALL of Denver, and rarely a bank owned property either.  Beeen brisk for four years now, and not an end in sight.

Jul 10, 2017 05:59 AM #2
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Dave.  It is crucial to measure the pulse of the industry and try to stay ahead of the changing landscape.

Jul 19, 2017 04:21 AM #3
Rainmaker
1,870,779
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Dave - this is why buyers and sellers need to contact their qualified real estate agent.  Nothing stays the same.

Jul 24, 2017 09:12 AM #4
Rainmaker
5,308,765
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are enjoying a most productive summer.

Jul 25, 2017 03:38 AM #5
Rainmaker
1,415,707
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Things are constantly changing, that's true. We need to be gumby-like in our ability to respond.

Sep 04, 2017 03:14 AM #6
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Rainmaker
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Dave Halpern

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