A few years back I decided to take a break and not fight the real estate market. ( commercial and residential). Fifty years in the business taught me to be ultra-sensitive to " the market."Well, for the past many months, things have been not been well in the real estate brokerage world.
From my perspective more changes are in the wind. And these changes will be caused, not by the market, but by the lack of cash and credit.
One can only drive so far on an empty tank. And a few sales, here and there, do not make for a recovery.
As we head into Fall and Winter 2011 the real estate brokerage community is going to witness major changes.
We have seen a drastic decline in the number of active real estate agents in the past several years and this trend will continue.
Who will be hit the hardest: The national franchise brands and local brokerage shops.
More to follow.
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