Real Estate Agent with U.S. Cuven Realty

When all is said and done, there is a bit of truth in everything. There are negatives: qualifying for a loan is more difficult (thank goodness) than in the 4 years past; there are markets that have suffered 30+% declines in sales, inventories are way up; and the sub-prime tsunami is still rocking the industry and will continue to do so for many months to come.

On the positive side there is one irrefutable fact: we are in a bullet-proof business. There will always be people who have to sell and buy. When interest rates hit 19% back in ‘80-81, sales occurred. Were there fewer buyers who could qualify? Of course there were. Did sellers have to confront the reality of the market to secure a sale? Indeed! However, when you put a motivated seller and buyer together... ca-ching!

There is nothing like real urgency and motivation to spur people into accepting the realities of the environment in which business is conducted. Real estate is, after all, just that... a business that depends upon the consumer's willingness to absorb the product.

Abraham Martinez

Comments (2)

Cape Coral Florida Golf Course and Waterfront Homes
Gulf Coast Realty Network, Inc. - Cape Coral, FL

You are right...our business will prevail in good times and bad.  Here in SW Florida, we have to look outside to be reassured.....folks will always want the year-round sunshine and water and boating and fishing and golfing and.......  oh my gosh, I think I'll buy another house before my wife looks at the checkbook!

May 14, 2008 01:14 AM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

So true.  There are always people who need to buy and sell.  Lots of good deals out there too.

May 14, 2008 01:44 AM