Industry News

Don’t hate the real estate optimist

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

"Pollyanna!" "Inman should fire you!" "You give the business a bad name!" What have I done to merit these comments? I've had the audacity to say that the real estate market might actually be better in 2009 than many people anticipate. This year I've seen many good friends lose their jobs, their offices and/or their companies. Everyone has scaled back. Companies are scrambling to weather the storm. Many agents are being forced out of the business or into second jobs to make ends meet. Our clients are scared to buy or unable to sell. The stock market is in a shambles. There's no reason for optimism, right? As I have traveled across the country and spoken to real estate professionals in all aspects of the business, I keep hearing comments like these: "Last year at this time, my office had only 10 closed transactions. This month we closed 40. Sure, they're mostly REOs (bank-owned properties) and foreclosures, but those inventories are shrinki...