In preparation for this interview I polled about fifty of our top sales associates at our weekly sales meeting. I gave them three options. Is the market getting better, staying the same or getting worse? All but one answered the market is getting worse. One agent answered that the market is about the same. Foreclosures and short sales are becoming more prevalent as comparable sales on appraisals an its accelerating the drop in prices.
The good news might be the contrarian view. If almost 100% of the experts think the market is getting worse, it might actually be the sign that the market has bottomed and is due for a rebound. There are some great deals out there on the market both for speculators and investors. If we get them back into the market they could just help us get rid of all the excess supply on the market.
