Industry News

Rookie Realtor feels chills in hot market

Signs of slowdown are all around

The good news is that I wrote a new offer over the weekend for a client who wants to buy a house. If the deal goes through, it would be my first sale since I started my real estate career last fall. The bad news is that even some veteran agents say the market seems to be slowing down. If the market is cooling, you sure couldn't tell so by looking at the numbers. The National Association of Realtors says that nationwide sales are still in record territory, and the figures reported by my local board are still strong. Order "The Rookie's Toolkit" Yet, signs of a slowdown–at least, in my own area–are gradually beginning to appear. Join RookieTalk! Homes that would have quickly received multiple offers just a few months ago now sit on the market for weeks. Some of the best agents I know complain that fewer people are coming to their open houses. And remember, this is the spring. It's supposed to be the busiest time of the year for sales. Other signs of market slowing are subtl...