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30 years in the real estate business from agent to senior executive at NRT to now owner of a brokerage in Brentwood, Los Angeles, Calif.started June 2008, now with 58 sales associates and the fastest growing brokerage in the area.
My real feeling is that there is a lack of discussion of the importance of those willing to open a brokerage and support the agents. What has our industry done to help brokerage owners survive this? There are no lending outlets or business lenders that are specifically aligned with our industry as every other industry has. NAR needs to look how they can support the business from the owners and brokers viewpoint. I hear talk of differnet intiatives, but the reality is that we have been here before and they-our industry/NAR have never put any help out to the business side of real estate. Sure the lobby is important on the political side, but where is the business help for those that step up and support the business and its agents?
I'm optimistic that those that stay positive and focused will have a good year in real estate next year. I find it interesting that Sean's comment seems to indicate that its a good thing for the market to undergo such a dramatic downturn. Wild swings are not healthy for anyone or anything. There are many affordable areas in the country to live, there were many before the downturn hit. Homes were made too affordable by the reckless lending practices encouraged by wall street greed and promoted by certain government mandates to insure everyone could afford a home. Prices don't need to fall to get back to a healthy market, sound lending practices and a healthy economy will do the job just fine if given the chance.
