Dissecting the downturn

Dissecting the downturn: When will market hit bottom? How this cycle compares to past and how agents are working through it.

How bad will this real estate market get and when will things start to get better? That's the question on everyone's minds as we close out a wicked year in real estate and look ahead to what's in store for 2008.

In this three-part series, Inman News seeks insight from housing analysts and industry professionals who go deep to paint a picture of housing in 2008, exploring economic fundamentals, the possibility of a recession and what has made this particular housing cycle markedly different from those in the past.

Many real estate agents have already adjusted by branching out into new specialties such as REO (real estate-owned, or bank-owned) properties, short sales and foreclosures. We talked to them about what they are doing, how they did it and how they are preparing for next year.

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