With more agents quitting every hour, the market is getting better!
You can hear every day or every hour that more and more real estate agents have to quit their “job” because market is getting worse. I say bull… It is true that prices are at all time lows (or at least lows we didn’t see for a while) but that doesn’t mean you cannot make profit, it just means that the too-easy profit is gone, and those who never knew a thing about the real estate business but jumped the bandwagon when things were easy are gone too. What does that mean for the rest of us?
More profit. It’s that simple! Let’s think about it for a second: with 70% of the so called “agents” gone and with the buyers waiting on the sideline what is the one thing that hasn’t changed? People who want to sell their house! With mortgage rates up high there are more and more sellers these days, and what does the smart investor do? Waits until prices bottom, buys everything until his last cent and then waits the next boom in housing! Oh yes, there will be another boom, there always was and always will be! It’s called economic cycle and we’re in the middle of one as we are always.
There are economic indicators to show when the bottom is nearing and I advise everyone to start looking at real estate investment opportunities because when the day comes, the firsts will be those that make the most money!