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 photo credit: J. Tegnerud
Todays market, these days, all time lows, never before seen events, expressions such as these are all around us recently. We cant pick up a news paper or turn on the TV without reading or learning about how some market is hitting all time lows, its a little disconcerting. One major or unprecedented event is getting lost behind the next unprecedented event; its hard to keep up, and its very uncomfortable to watch.
We all inherently know things are not right, but some people, in some industries know it better than others. Real estate agents, for example, are a group who has felt the financial crash more than other professions. We are in a housing crisis and they sell houses, of course they would feel it. Its hard to make a living selling water during a drought.
Some real estate agents in Denver say that the national housing numbers were just not a surprise to anyone. A little bit of good news is that houses priced well are still selling. Thats good to hear for the market, but what it really means is that the price will be well below what the seller had in mind and in some cases its below what they owe. It's not as bad here in Colorado as it is in other states, such as Nevada, but I think were all feeling the all time low markets closing in on us, at never before seen speeds.
Read the full article from Inman News
Posted on August 28, 2010 13:05:53 by  IPTV.Boyz
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