"IS the american dream alive?" This is one of the headlines on the AOL homepage. Along with " * When Will Your Housing Market Recover? Good Question * North Carolina Senator Defaults on Home * Cities Fight Foreclosures With Unusual Tactics * Some Buy New Homes to Bail on Old Ones". Just to name a few...
This is a hot topic all over the country and growing. Surveys are plastered in most of the major search engines on the doom and gloom of today's market. I have seen many reasons of why the country in is this "recession". Some have said its the election, the oil prices, the rising cost of food, the floods, fires, droughts..and so on. Some say these reasons don't contribute to the market at all but to the closing of many banks, which in turn changed our markets.. Hmmm
No wonder the buyers and sellers are nervous. So are many agents. We have lost hundreds of agents from our local MLS alone. I haven't seen any NAR figures yet on how many agents have pulled their license and now on in-active status..?? I'm not even sure they would post that information or have it..
I have also heard and read that this will only last through the end of this year and next year we will pick back up again. I think that stat is from Realtors though.. The agents that have seen their local markets in better and worse conditions than this, don't seem to be too worried here. The advice from these seasoned pros are to gather as many listings as you can and slow down your costs.
We as a team and as a company are following this advice and are listing driven!
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