Listen but don't panic

Posted Jan 24, 2008 @ 11:43 am, Viewed by 213 Visitors, Read 215 Times.

The National Association of Realtors has lost a great deal of credibility when it comes to making forecasts and maybe the beginning of this disturbing trend started back at the beginning of this downturn (August 2005) when their chief economist at the time, David Lereah said, “All of the doom and gloom forecasts of a housing debacle are not only irresponsible, but also downright wrong.”   There is a great deal of good work being done by the NAR but, in my opinion they should exit the forecast and “spin” business and concentrate on helping to improve the image of Realtors.  

On the other hand, after two plus years of downward real estate trends, there are now industry professionals who have gone in the other direction and seem to pride themselves on how “gloomy” they can make the market appear. I didn’t attend but got a report from a title company sales officer that Mike Lyon of Lyon Real Estate made such a “gloom and doom” forecast yesterday in Roseville. My contact is a sale person; he makes his living selling his company’s service to real estate agents. He told me the Lyon talk was so depressing he had to leave. 
I know there are agents out there who are struggling with this slower market and new agents who are just starting to build their business. I encourage you to listen and pay attention to what is happening in the market, you will need this information to best serve your clients but do NOT let it chase you away. It is only one of many variables that will determine your success or failure in this industry.

 
The real estate market is the real estate market. It can be like it was in the early 2000’s or like it is now. Regardless there will always be buyers and sellers who need your experience and expertise. Today there are fewer sales which only mean the competition for those transactions is higher. Good Realtors who manage their business by placing their clients’ needs ahead of their commissions and build long term relationships will always be successful.  

  • Rate this Post!
  • Print

This Post Has No Comments.

REW Blogs User Stats
Currently Online Users: 0
Total Users: 1,874
Entries: 5,702
Unique Views: 3,229,901
Total Views: 3,368,296
Total Comments: 6,205
jjalone

jjalone My name is Julie Jalone an I am a mother, wife and Realtor in the Sacramento area serving buyers and sellers of residential real estate. Read More

This User's Stats
Blog Entries: 217
Average Blog Rating: 0
Unique Views: 61,511
Total Views: 62,147
Comments Posted: 20
Comments Received: 52
Relevant Reading
Listed In
REW Bloggers
REW Community
New Bloggers
Blog Features
Syndication