Staying Warm in a Cooling Market
“Nothing endures but change.”
Heraclitus
Bubble, schmubble. There’s been a lot of gabbing about a real estate bubble. Yes, the market has cooled. Iterest rates are dropping though, and honestly, I don’t see a bubble. What I do see is a leveling in the market with a shift from a seller’s market to a buyer’s market.
If we look at this change in context - we have had some scorching years - a cooling is natural. Nevertheless, it is a change and to stay warm in a cooling market, you must adjust to keep revenue flowing
For additional information and guidance on this topic we have posted an article on our website entitled “Staying Warm in a Cooling Market” for you to review.
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Bob Corcoran
Bob,
Unfortunately I believe this tip of the week is over a year old, or at least the points in it are. I’ll guarantee that interest rates are not higher, in fact they are at nearly all time lows. 2008 was not scorching, at least not in any area I am aware of. There are wonderful opportunities for agents who understand the current market and work with their buyers and sellers to take advantage of it.
Comment by Hap Hilbish — April 1, 2009 @ 6:57 am
Hap, Thank you for pointing that out. You are right. Interest rates have dropped quite a bit since I wrote this article and we were just coming out of a scorching market. The attached article still has great information on what you need to do in any market, it’s just more important to make sure your skills are honed in this slower market.
Thank you again for your comment!
Comment by Corcoran Consulting & Coaching — April 1, 2009 @ 8:23 am