New Word Real Estate

Headlines all over the country read the housing market is flat lined and moving in a direction that no one has seen before.  It not only is occurring in the single family residential sales market, but is also widespread in investment and commercial holdings.  
 

Being a Realtor in today’s world is having to wear many hats and you are expected to know the answers to questions that even the country’s best minds can’t figure out.  Friends and clients ask on a daily basis what I think the market will do in the next year.  My answer is the same that I give to myself.  I have no idea!  It may sound ignorant, but I can’t predict everything that affects house sales. 

Many Realtors have left the profession and joined the world of other aspirations.  I know that our market is not going to be like the market of the mid 2000s era.  We are still going to have bank repossessions and buyers will still get a good buy probably for a few years to come.  Short sales will be around for a little while and then they will have to be given only in dire conditions after the mess is cleaned up.  We hopefully will never go back to the market of poor judgment!