I thought I had seen everything, 18-20% mortgage Rates, out of sight material costs for new homes, and then along comes this market. Prices tumbling, vacancies rising, lenders that can't figure out what to do, Real Estate agents fueling the downward spirals with something called Short Sales. Challenges are fun:)
Its kind of ashamed that Real Estate Agents are thought of as a less than honorable profession and what do we do to change it when we can, we come up with a thing called shorts sales that does nothing to stimulate a recovery. I see people advertising that for a fee they will teach how to reap the rewards of this dismal housing market by getting people out of there homes for something less than foreclosure status and they will sit on the sidelines for a few years but it won't be as bad as a foreclosure so its a really good deal for who? Not the neighborhood, not the economy, not the marketplace, oh yes, good for the real estate agents that would rather work get rich quick schemes. That's how it comes across in the advertising to take the courses, but I wonder about the value when they say, things like, "and the best part is you get "baited Buyers" that sounds "fishy" to me, or they talk about going under contract with the seller then tell the bank one value and the homeowner another so you can "create" a handsome little profit for themselves.
Maybe short Sales are the answer, maybe we as an industry should dig a little deeper, try a little harder and come up with solutions that make us look like a "Professional Industry, show we care about the neighborhoods and that we care about our economy. There are solutions and we are the industry that can do more to bring about a recovery than any other out there, we have in the past, but we won't do it going the way were going.